Beachfront 6 bedroom Villa for sale with sea view in Lagos, Algarve
Meia Praia beach near Lagos.
Tucked away just off the beach road this stunning property offers many possibilities for anyone wanting to spend life next to the sea. Perfect as a family home with plenty of space for friends and family to visit, as well as rental opportunities.
It would suit an owner who would like to live at the property, while letting out the remaining units.
Apt. A - 1 bedroom & 1 bathroom with walk-in shower, living room,
kitchen, woodburner, and terrace.
Apt. B - 1 bedroom & 1 bath...
Meia Praia beach near Lagos.
Tucked away just off the beach road this stunning property offers many possibilities for anyone wanting to spend life next to the sea. Perfect as a family home with plenty of space for friends and family to visit, as well as rental opportunities.
It would suit an owner who would like to live at the property, while letting out the remaining units.
Apt. A - 1 bedroom & 1 bathroom with walk-in shower, living room,
kitchen, woodburner, and terrace.
Apt. B - 1 bedroom & 1 bathroom with walk-in shower, living room,
kitchen, woodburner, plus a large private terrace.
Apt. C - Separate outdoor access on the ground floor, with 1 bedroom &
1 bathroom with a bath+shower attachment, living room with
woodburner, and private terrace.
Apt. D - The whole of the 1st floor is one apartment, made up of 3
bedrooms, 2 bathrooms with shower cubicles, large sunny
kitchen and dining area, with a private west facing terrace
immediately off the kitchen. The spacious living room has an
open fireplace, and a south facing terrace with views to the sea.
Beautiful well established lush gardens surround the villa, creating a peaceful oasis. The private pool has a salt water system, and removable pool cover. A built-in barbecue and traditional tiled table & seating provides the perfect setting for outdoor entertaining, while listening to the nearby waves roll in.
Lagos Marina is 5 minutes drive, and walkable, either along the beach road or via the scenic route on the boardwalk that winds its way among the dunes.
Extensive private parking area sits at the front of the property, and has a gated entrance. There is also a small storage room at the back of the villa, and solar panels installed on the roof.
Many opportunities to be had with this amazing property, in an incredible position next to the sea.
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This Villa is located in Lagos 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.