Authentic 9 bedroom House for sale in Benavente, Central Portugal
With 850m2 of built area, this superb property is situated next to the Sorraia River, in the Tagus estuary.
All the comfort of a contemporary home in a century-old building, resistant to earthquakes, which has undergone extensive restoration and expansion work. New roof, walls covered in plasterboard, wooden stairs, reinforced structures, and custom-made furniture.
30 minutes by car from Lisbon and Santo Estevao Golf, with 18 holes, is 12 minutes away.
Ther...
With 850m2 of built area, this superb property is situated next to the Sorraia River, in the Tagus estuary.
All the comfort of a contemporary home in a century-old building, resistant to earthquakes, which has undergone extensive restoration and expansion work. New roof, walls covered in plasterboard, wooden stairs, reinforced structures, and custom-made furniture.
30 minutes by car from Lisbon and Santo Estevao Golf, with 18 holes, is 12 minutes away.
There are 9 bedrooms, 6 bathrooms, an office, 3 living rooms, a storage room, an equipped kitchen, and another with a wood-burning oven and custom-made furniture.
Whether to live in or have a holiday home, whether to create a hotel or a senior residence, or to reconvert, divide or expand with the aim of obtaining real estate income, this century-old building is an excellent opportunity with great versatility.
Outside is a lovely mature garden, swimming pool, terrace, gym, barbecue, wood oven, orchard, mini vegetable garden, stable, parking, artisan well and access via two streets.
Interior features: attic, entrance hall, games room, fireplace, storage, double glazing, central heating, and boiler.
History: Benavente is a historic city located on the Tagus estuary with impressive old and modern residences, wooded parks and tourist activities. In Largo do Municipio, where the Town Hall is located, a graceful 16th century pillory was rebuilt. It emerged in 1199 with the settlement of foreign settlers on the south bank of the Tagus, subordinate to the Order of Calatrava. It has an old charter, given by D. Paio, or Pelagio, master of the Military Order of Evora, on March 25, 1200 and confirmed in Santarem in 1218 by D. Sancho I. D. Manuel granted it a new charter on January 16, 1516.
In addition, it received privileges from several monarchs, especially D. Dinis and D. Fernando. The historic centre is located between Cruzeiro do Largo do Calvario and the place where the old Main Church stood, destroyed by the 1909 Benavente earthquake, which destroyed almost all the houses in the town.
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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.