Immaculate 2 bedroom Apartment for sale with lake or river view in Beato, Lisbon City, Central Portugal
Located on Azinhaga do Carrescal, in the trendy and upcoming Beato district, this exclusive boutique development features just 6 apartments and one commercial unit. It represents a prime opportunity for both an elegant city home or a high-yield real estate investment.
These apartments stand out for their exceptional brightness, excellent sun exposure on the upper floors, and unobstructed panoramic views over the Tagus River. The interior layout is highly functional and modern, featuring:
• 2 bedrooms...
Located on Azinhaga do Carrescal, in the trendy and upcoming Beato district, this exclusive boutique development features just 6 apartments and one commercial unit. It represents a prime opportunity for both an elegant city home or a high-yield real estate investment.
These apartments stand out for their exceptional brightness, excellent sun exposure on the upper floors, and unobstructed panoramic views over the Tagus River. The interior layout is highly functional and modern, featuring:
• 2 bedrooms with built-in wardrobes and excellent natural light
• Spacious living room, ideal for entertaining and relaxing
• Semi-equipped kitchen and a full family bathroom
• Private storage room in the basement and a dedicated parking space
Equipped with state-of-the-art technology to ensure maximum well-being and energy savings:
• Mechanical Ventilation with Heat Recovery (MVHR / VMC system) for
optimal air quality
• Fully installed Air Conditioning
• Heat pump for efficient water heating
• Modern building equipped with a lift
Situated in a rapidly regenerating area of Lisbon, just a short walk from the Olaias Metro Station. You will have an extensive public transport network, local shops, and essential amenities right on your doorstep. The high demand for river-view properties in this location ensures strong capital appreciation potential and excellent rental yields.
Waking up every day to a living canvas of the Tagus River right outside your window is a truly unique privilege.
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This Apartment is located in Lisbon City 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.