Income Producing 10 bedroom Farmhouse for sale with countryside view in Caldas da Rainha, Central Portugal
Situated in the serene countryside of the Silver Coast, just 13Km from Caldas da Rainha, this hidden gem is a mere hours drive north from Lisbon and a brief half-hour from the captivating coastal town of Foz do Arelho famous for its lagoon, and Sao Martinho do Porto, as well as the enchanting Obidos walled town and the big wave mecca Nazare.
This property is an ideal compromise between a remote location and proximity to services and attractions in a lovely area of the Silver Coast.
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Situated in the serene countryside of the Silver Coast, just 13Km from Caldas da Rainha, this hidden gem is a mere hours drive north from Lisbon and a brief half-hour from the captivating coastal town of Foz do Arelho famous for its lagoon, and Sao Martinho do Porto, as well as the enchanting Obidos walled town and the big wave mecca Nazare.
This property is an ideal compromise between a remote location and proximity to services and attractions in a lovely area of the Silver Coast.
With a plot of 6,700 m2, with a total of 891 m2 buildings, the property sits on top of a hill, about 150m above sea level;
The premises were renovated, modernised and transformed between 2018 and 2019 and critical infrastructure equipment has been replaced/upgraded/expanded during 2021-2023 (heat-pumps, water pumps, solar panels for warm water production, irrigation systems).
The building is fully owned by the owners and the business is operated by a registered Ltd. company.
Business is licensed for rural tourism ("Casa de Campo") and is completely walled-/fenced-in. The License is valid until July 2026 and can be renewed every 5 years.
The property offers a wide range of equipment and tools required to optimally maintain the indoor and outdoor spaces, extras include: solar panels for hot water, alarm system and air conditioning.
This property represents an ideal investment or a business venture.
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Where is this property?
This Farmhouse is located in Caldas da Rainha 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.