Luxury 6 bedroom Apartment for sale in Avenidas Novas, Lisbon City, Central Portugal

2,735,000 EUR 2,352,100 GBP 2,953,800 USD

Reference: 242594

Bedrooms: 6
Bathrooms: 7
Floor Size: 467 m2
Plot Size: 519 m2

Features

Terrace
Gym
Air Conditioning
Fireplace
Parking
Garage
Good Condition

Details

Bright and well presented 6 bedroom villa, with a spacious living area of 519m2, plus a 90m2 dependent area, situated within a luxurious residence with a swimming pool, garden and garage, in the Avenidas Novas area of Lisbon.

It is divided as follows: entrance hall, spacious living room with a fireplace, dining room, office, guest WC, fitted and equipped kitchen, service room with a bathroom, 5 bedroom suites and 3 balconies.

Features include: wooden flooring, double glazing, central heating and air conditioning.

There is also 24 hour security and the apartment is inserted in a luxury condominium, with exclusive quality standards and an innovative division of spaces, with apartments of large areas, with emphasis on the gardens and interior spaces. There is a terrace to welcome friends outdoors, wooden outdoor deck, trees and garden benches and leisure area dedicated to children. At the disposal of residents are also 2 heated swimming pools with trees and grass, support spa and 2 gyms for exclusive use.

The illuminated facade and an imposing lobby are the entrance to this exclusive gated community.

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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.