6 bedroom Villa for sale with sea view with Income Potential in Santa Barbara de Nexe, Algarve
This is a property that combines old world charm with modern comfort and luxury. Everything has been maintained to keep the character of this Quinta.
There is a garage with an adjoining apartment, and at the front of the Quinta is a large terrace area overlooking the sea, with a covered area for al fresco dining.
Nestled at the back of the property, one can see the roofs of the Quinta and cottage, roofs made of ancient tiles and exceptional beauty. T...
This is a property that combines old world charm with modern comfort and luxury. Everything has been maintained to keep the character of this Quinta.
There is a garage with an adjoining apartment, and at the front of the Quinta is a large terrace area overlooking the sea, with a covered area for al fresco dining.
Nestled at the back of the property, one can see the roofs of the Quinta and cottage, roofs made of ancient tiles and exceptional beauty. The main house and the cottage are separated by a very private courtyard and give a quiet aspect to this property.
The main house consists of an entrance hall that sets the decoration criteria of this property with a ceiling decorated and painted in the Algarvian colours. The dining room has ceilings decorated in the same spirit, and the furnishings are respectful of the type of home. The kitchen is completely in the Quinta style with all the facilities and floor tiles of yesteryear. The living room consists of two parts with an area around the fireplace and a reception area.
On the ground floor are 3 en suite bedrooms, one with a walk in wardrobe and a bedroom with a double bed, one with double single beds and the last room with a single bed. At the back of the master bedroom is a fitness area with a gym and a spa with a hamman.
On the first floor is a bedroom en suite with 2 balconies. The air conditioning is integrated, the radiators are black cast iron and an extreme beauty, with double glazing in all rooms.
The cottage is very beautiful with 2 bedrooms en suite, a living room, dining room and a kitchen with bread oven. a little jewel. The air conditioning is also integrated, and there are black cast iron radiators and double glazing.
The pool area is a place to rest. Integrated in nature, the pool is long with dark grey tiles, it has a lot of elegance and a terrace around it with an outdoor kitchen away from the sun and with all the necessary amenities.
The swimming pool is heated by a heat pump, and there is a borehole and a cistern of 10.000 L mainly used for the irrigation and the swimming pool. There are also 32 photo voltaic solar panels.
An apartment is available for friends and family with a living and dining room, kitchen, bedroom and bathroom.
In this property nothing was left to chance, decoration, heating, insulation of walls and roofs, integrated air conditioning, tennis, moreover, the property is perfectly maintained.
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This Villa is located in Santa Barbara de Nexe in Portugal
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Buying a Property in Portugal
1. Signing a Letter of Intent
On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.
2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)
The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.
3. On Completion
The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.