Unique 5 bedroom Estate for sale with countryside view in Covilha, Serra da Estrela, Algarve
Situated in the area of Covilha, between Serra da Estrela and Gardunha with access to the Zezere River, in an area conducive to water sports like kayaking, paddle and fishing, a river beach and magnificent views of the valley/ecological corridor of the Zezere River and the ""Torres"" (towers) of Serra da Estrela
There is a Reception/Interpretation centre (mining and environmental), with three bathrooms, various agricultural storage areas, storerooms and hives and water tanks and fi...
Situated in the area of Covilha, between Serra da Estrela and Gardunha with access to the Zezere River, in an area conducive to water sports like kayaking, paddle and fishing, a river beach and magnificent views of the valley/ecological corridor of the Zezere River and the ""Torres"" (towers) of Serra da Estrela
There is a Reception/Interpretation centre (mining and environmental), with three bathrooms, various agricultural storage areas, storerooms and hives and water tanks and five mining galleries deactivated.
Three villas have been recovered and decorated, and are ready to be inhabited, which have in total - 5 bedrooms/double bed for ten people,
7 bathrooms, some prepared for people with reduced mobility, 5 living rooms with the possibility of a convertible sofa bed for up to two people, which can accommodate up to ten people.
At the moment, there is an architectural licensing project of the tourist development, which includes 10 buildings for accommodation in the typology of agrotourism, with 31 double beds, for 62 people and 9 convertible sofa beds for the possibility of 18 more people, having at this stage a maximum capacity of 80 tourists.
The project proposes the conversion and adaptation of some of the pre-existing buildings, for the use of support and leisure equipment for their tourists and visitors.
An excellent example at national level of the recovery of an old mining operation, transformed into an ex-libris of environmental recovery, with an exuberant terrestrial and fluvial fauna and flora, where inside the mining galleries there is an unprecedented and unique stage of sparkling wines and wines, in a unique atmosphere, as well as a fountain/lake, an event hall, playful, educational and scientific guided tours to the legacy of cultural and historical heritage, wine tourism, adventure, emotion, experience, preservation, heritage, nature, biodiversity and many other innovations, including a future project of tourist village/ accommodation or a private farm with very peculiar particularities.
The farm is located in a very quiet and safe area, with several houses recovered and it is the ideal refuge for those who look for privacy, serenity and contact with nature.
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This Estate is located in Serra da Estrela 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.