Income Producing 12 bedroom Farm Estate for sale with countryside view in Cacarelhos E Angueira, Vimioso, Northern Portugal
Situated between the town of Vimioso and Miranda do Douro is this imposing property of the typical rustic architecture of this area, in which stone and wood stand out, combined in a harmonious and functional way to provide comfort and well-being.
Designed to operate in the sector of tourist accommodation, also focuses its activity in Agro Tourism and fruit farming, including almonds.
The property consists of 2 typical houses, totalling 12 family suites, some with balcony, fully equipped, a large living and dining room with a fabulous fireplace and a beautiful grand piano as the centrepiece.
Outside there is also an equipped party and events room with capacity for 250 people, as well as a large lawned garden with swimming pool.
It should be noted that this house is part of the dovecotes route, a brand image of this region.
FEATURES:
• Tourist Accommodation
• Central Heating
• Events Room.
Features
Fees Paid By Seller
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This Estate is located in Vimioso 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.