Spacious 7 bedroom Villa for sale in Parede, Central Portugal
The property comes with 328m2 Gross Construction Area, a 279.84m2 Private Gross Area and a 48.15m2 Gross Dependent Area.
It is located close to green spaces, local business, services, road and rail transportation and just a 10 minute walk from the beach of Sao Pedro do Estoril.
The villa is distributed over 3 floors:
Ground Floor:
- Entrance with staircase with independent access to the 3 floors
- 2 spacious bedrooms
- Guest wc
- Fully equipped kitchen
- Triple living room with direct acces...
The property comes with 328m2 Gross Construction Area, a 279.84m2 Private Gross Area and a 48.15m2 Gross Dependent Area.
It is located close to green spaces, local business, services, road and rail transportation and just a 10 minute walk from the beach of Sao Pedro do Estoril.
The villa is distributed over 3 floors:
Ground Floor:
- Entrance with staircase with independent access to the 3 floors
- 2 spacious bedrooms
- Guest wc
- Fully equipped kitchen
- Triple living room with direct access to the outdoor space
First Floor:
- 2 spacious bedrooms
- 2 full private bathrooms
- Kitchen with laundry and storage area
- Double living room with fantastic areas and access to a balcony
- Balcony with a very generous area that runs half of the villa
- Hall
Attic: - 2 bedrooms
- 1 full private bathroom
- Area with a pre-installation of Kitchen
- Terrace with unobstructed views to the sea.
The villa has been readied to be converted into 3 independent apartments, having an excellent outdoor space all around, 3 access entrances to its interior, parking for 4 cars and storage.
Parede is a highly desirable area of Cascais, popular for the famous beach of Avencas and the Carcavelos beach, with extensive sand and known for numerous sports such as surfing.
This location is characterised by its proximity to Lisbon and its access facilities (motorway and public transportation). It is also an important centre of education, as there are two campuses of the Nova University of Lisbon: the NOVA School of Business and Economics and the NOVA Medical School. It is also 10 minutes away from St Julian's School, Santo Antonio International School (SAIS) and the College Marista de Carcavelos. 30 minutes away from Lisbon and Humberto Delgado Airport.
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This Villa is located in Parede 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.