6 bedroom Villa for sale with countryside view with Income Potential in Santa Barbara de Nexe, Algarve
Electric gates open up to this spectacular property.
Entering into the main house through the ground level, there is a huge open space which is currently used as an entertainment room, 2 spacious bedrooms and a bathroom. All rooms have large terraces with direct access to the beautiful swimming pool area and captivating views over the surrounding hills.
The elevator leads to the f...
Electric gates open up to this spectacular property.
Entering into the main house through the ground level, there is a huge open space which is currently used as an entertainment room, 2 spacious bedrooms and a bathroom. All rooms have large terraces with direct access to the beautiful swimming pool area and captivating views over the surrounding hills.
The elevator leads to the first floor where there is a bright and spacious dining and living room area with a fully fitted open plan kitchen. Large windows open up to generous wooden deck terraces on both sides of the house, seamlessly combining inside and outside spaces.
On this floor there is a laundry room and guest WC plus 3 bright and large en suite bedrooms each with their own private terraces opening onto the surrounding garden.
Take the elevator to the rooftop terrace offering views of the beautiful scenery, and the magnificent sunrises and sunsets. Close to the entrance is a garage with ample parking space for 2 cars.
Through the well maintained garden is a separate guesthouse with an en-suite bedroom, pleasant and bright living and dining area with open plan kitchen and secluded outside terraces and garden.
There is also a very spacious warehouse offering endless possibilities for indoor parties, hobbies and extra storage. The heated swimming pool with ample living room areas and a very generous summer kitchen is in the grounds.
This property is ideal for people who like to be in a quiet environment, not far from the village of Santa Barbara de Nexe, surrounded by beautiful nature while enjoying inside and outside luxurious living. Conveniently located near the centre of Santa Barbara de Nexe, where there are all kinds of amenities and services such as supermarkets, cafes, pastry shops, markets and schools.
It is a 20 minute drive to the beach and 10 minutes from the centre of Loule and Faro. Private health services such as Hospital de Loule or Clinica Particular do Algarve in Gambelas are about 15 minutes away. Easy access to the A22 and about 20 minutes from Faro International Airport, and 6 minutes from the closest shopping area (MAR Shopping), in Loule.
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This Villa is located in Santa Barbara de Nexe 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.