New Build 4 bedroom Villa for sale with panoramic view in Loule, Algarve
- Plots of 1.735,3,325 m2.
- Living areas including terraces: 480m2.
- Interiors can be customised according to each clients needs.
-Sold off-plan construction of each villa starts after Sale Contract is signed and construction license is issued by the local municipality.
- 16 months estimated construction time.
- Villa and garden maintenance: by owner or by Ombria
-Rental: by owner or through Ombria (optional rental program managed by Viceroy Hotels & Resorts)
-Prices: from 2,750,000 to 4,000,000 (excluding furniture)
This interior of 382m2 includes:
Vidraco Ataija Azul stone flooring, bedrooms finished in solid wood, bathrooms in Portuguese marble.
Tilt & turn sliding windows with thermal insulation.
Reinforced timber front door with high-security magnetic lock.
Equipment
Smart climate control and solar technology with under-floor heating in all living areas, bedrooms and bathrooms.
Bathrooms in various Portuguese marbles with custom washbasins, tops and furniture. Bronze finished taps, showers and flush plates with free-standing bathtub in master bathroom.
Custom wardrobes and walk-in closets with integrated lighting.
Home Automation System controlling lighting, alarms, underfloor heating and air conditioning.
Fully fitted and equipped kitchen with custom cabinetry, high-end appliances and Estremoz marble countertops.
All rooms, including kitchen, equipped with TV, telephone and high-speed internet.
Traditional wood burning fire place, custom-designed with handmade Portuguese tiles.
External
Private garage for 3 vehicles, connections for hybrid vehicles with private lift and staircase.
Landscaped gardens with automated lighting and irrigation, terraces in Vidraco Ataija Azul stone.
10,20m x 4,00m in-ground swimming pool with heating and automatic roll cover, finished in white Portuguese marble with solid wood deck.
Natural stone perimeter walls with automated gates and garage access.
CCTV and security camera system.
Other features:
Fire detector and alarm connected to central security office.
CCTV camera system for communal areas.
Fully trained security staff operating 24,7 throughout the resort.
Resort facilities include:
- 5 Star Hotel
- Outdoor heated swimming pools
- Restaurants
- Astronomic Observatory
- Spa with heated indoor and outdoor pools
- 18 Hole Golf Course
- -Club House with Fitness centre and Swimming Pool
- Junior Club
- Conference centre
- Organic vegetable garden
- Cycling Lane
- Nature and Jogging path
Heating
Air conditioning
Under floor heating
Pool
Garden
Terrace
Garage
Private condominium
Security alarm
Central location.
Features
Fees Paid By Seller
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This Villa is located in Loule 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.