Waterfront 3 bedroom Villa for sale with lake or river view in Paco de Arcos, Oeiras, Central Portugal
The Riverine is an exclusive condominium composed only by three villas, the result of a modern rehabilitation in a building full of history, with a panoramic view of the Tagus and the Atlantic.
This superb villa has a private garage and a garden area. In the common area of the condominium there is a swimming pool and gardens with panoramic views of Lisbon and the sea. With a project designed by a renowned Portuguese architecture firm, Riverine was thought to detail, privileging the experience of being in contact with nature.
Located in Marginal, in the historical centre of the charming village of Paco de Arcos, the Riverine condominium is between Lisbon and Cascais, being only a short walking distance from all sorts of services, local business, transportation and restaurants.
On the ground floor is an entrance hall - 5.91m2, a laundry area - 2.70m2, and an en suite bedroom of 11.84m2 with bathroom - 3.91m2.
On the first floor is a living and dining room - 39.70m2, a bathroom - 2.04m2, and a fitted and equipped kitchen - 25.35m2, with an outdoor area of 27.30m2.
The second floor offers a corridor - 2.03m2, en suite - 15.53m2 with bathroom - 2.02m2 and en suite - 13.56m2, bathroom of the suite - 2.05m2 and balcony - 0.79m2.
A unique villa for those who intend to live with exclusivity, combining sea view, outdoor areas, leisure with swimming pool and also centrality.
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This Villa is located in Oeiras 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.