Character 12 bedroom Villa for sale with countryside view in Bensafrim, Lagos, Algarve

1,360,000 EUR 1,169,600 GBP 1,468,800 USD

Reference: 242577

Bedrooms: 12
Bathrooms: 9
Floor Size: 544 m2
Plot Size: 9.57 hectares / 23.65 acres

Features

Balcony
Fruit Trees
Lake or River Included
Equestrian Facilities
Fireplace
Renewable Energy
Outbuildings
Potential for Income
Countryside View
Private
Quiet Area
Parking
Garage
Good Condition

Details

Wonderful opportunity to acquire a spacious 12 bedroom villa divided into two apartments, nestling in nearly 24 acres of glorious land with lake and outbuildings, while enjoying far reaching countryside views from its peaceful location near all amenities in Bensafrim.

One of the apartments has recently been renovated to a high standard.

There is an existing accommodation license and has potential for further development as well as viability to construct a swimming pool with plans having already been submitted to the town hall. The area for the pool has already been identified and it would include a generous decked area for sun-bathing. Another idea is to install a series of solar panels in a field close to the house but screened off by a strip of trees.

This would be ideal for Rural tourism, an Equestrian centre, as a Retreat or, a perfect site for Glamping. The property is very well located, has easy access and has lots of privacy. Its secluded, but not isolated. The local village is a walk away and it has everything for daily needs.

The 544m2 comprises of fitted kitchens, spacious living and dining rooms with fireplaces, good size bedrooms and bathrooms.

It is just a short drive to the historic port town of Lagos with plenty of amenities, vibrant nightlife and award-winning Marina. The beautiful beaches of the south coast are within easy reach. The more rugged west coast of the Costa Vicentina Natural Park is around 20 minutes by car.

For the adventurous there are plenty of activities in the local area to enjoy such as mountain biking, hiking, surfing, sailing to name but a few, with more relaxing pursuits right on the doorstep its perfect walking country.

The land is fully fenced and has two entrances that lead to the main house which is surrounded by outbuildings formerly used for cattle, horses, and chickens. There is a well, a licensed borehole to a depth of 115m as well as a small lake providing plenty of water for keeping livestock or alternatively, agriculture, permaculture or, your very own market garden. The grounds are quiet and peaceful with some fine examples of cork trees, some 300 years old. Many new fruit trees have been added to the existing orchards close to the house.

The property has recently been fitted with a Starlink satellite broadband for state-of-art communication links and external lighting has been renewed and extended. The stables have been cleared and some new roofs fitted. There are several storage buildings which have been cleaned and waterproofed.

This unique property has so much to offer and is the kind of project that one can really get their teeth into without having to start from scratch. There will be plenty of things to do to keep busy and it is just waiting for someone to recognise the huge potential of this impressive and unique property.

There are very few properties this close to all the main attractions of the western Algarve, that could offer this amount of private space in a such an idyllic and tranquil setting

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Portugal Property Buying Guide

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.