Spacious 6 bedroom Farm Estate for sale with countryside view in Beja, Alentejo Southern Portugal

1,500,000 EUR 1,290,000 GBP 1,620,000 USD

Reference: 246240

Bedrooms: 6
Bathrooms: 6
Floor Size: 0 m2

Features

Terrace
Garden
Land
Equestrian Facilities
Fireplace
Countryside View
Garage

Details

Traditional Portuguese equestrian property located in a quiet setting in the district of Beja, in the Alentejo region, and next to the Roxo Dam, whose river is one of the tributaries of the Sado River.

Located on fertile land, next to the left bank of a small tributary of the dam. It is located 10km from Beja, 1 hour 20 minutes from Faro airport and 1 hour 30 minutes from Lisbon.

The farm has water suitable for consumption, with a water treatment plant. Very rich in water for consumption and irrigation, thus independent. There is 24-hour surveillance with cameras connected to the telephone, automatic gate connected by telephone and exterior lights connected remotely by telephone.

The entire farm is fenced, has the potential to increase the number of bedrooms and lots of potential to increase the number of horse boxes.

Features include:
- 20 x 30m treated wooden riding arena
- Haystack with 100m2
- Support farm machines (may or may not be part of the business), such as a tractor to transport hay to the horses
- Easy to maintain with everything automatic

An excellent area for walks, the farm is close to the dam and is a fantastic place for bird watching, every year thousands of birds fly over the farm. The paddocks have plenty of shade in the summer thanks to the number of ash trees planted in the paddocks. There is an orchard with 30 different fruit trees, trees that are 2 years old.

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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.