10 bedroom House for sale with panoramic view with Income Potential in Vila Do Conde, Northern Portugal
near all amenities in one of the most sought-after areas of Vila do Conde.
This stunning traditional house combines the timeless charm of classic architecture with the potential of a safe and multifunctional investment. With a privileged location, close to the Municipal Market and surrounded by shops, services and excellent access, it is the ideal setting for both those looking for housing and those looking to develop a successful business.
This superb building is divided into two distinct and complementary components: a spacious dwelling with ten bedrooms and two bathrooms, two dining rooms and two la...
near all amenities in one of the most sought-after areas of Vila do Conde.
This stunning traditional house combines the timeless charm of classic architecture with the potential of a safe and multifunctional investment. With a privileged location, close to the Municipal Market and surrounded by shops, services and excellent access, it is the ideal setting for both those looking for housing and those looking to develop a successful business.
This superb building is divided into two distinct and complementary components: a spacious dwelling with ten bedrooms and two bathrooms, two dining rooms and two large living rooms, with two kitchens, and also two highly visible commercial premises, located in a passageway area with easy access.
The generous height of the ceilings in all the rooms creates a spacious, bright and welcoming atmosphere, perfect for those who value spaces with character and comfort. The living area, in excellent condition, is ready to move into, offering an excellent quality of life with spacious rooms full of natural light.
The outdoor space includes a peaceful garden, ideal for moments of leisure and relaxation, a true refuge within the city, with a generous parking lot.
This property is the right choice for those wishing to combine residence and investment, taking advantage of the strong commercial potential of the stores on the first floor, while enjoying the tranquillity of a home in a residential area.
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This House is located in Vila Do Conde 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.