7 bedroom Villa for sale with panoramic view with Income Potential in Sintra, Central Portugal

2,700,000 EUR 2,322,000 GBP 2,916,000 USD

Reference: 244571

Bedrooms: 7
Bathrooms: 8
Floor Size: 484 m2
Plot Size: 688 m2

Features

Garden
Hot Tub or Sauna
Original Features
Potential for Income
Existing Tourism Licence
Panoramic View
Traditional Style
Good Condition

Details

Impressive and versatile property dating from the Nineteenth Century in the heart of Sintra.

Perfect as a spacious villa or charming boutique hotel, the 6 bedroom residence of 484m2 comes with attractively landscaped grounds of 688m2, providing a unique style and sophisticated comforts of a hotel in the heart of Sintra.

It includes a deluxe romantic garden with jacarandas, rose bushes and wisterias, and even a small spa with sauna and Turkish bath.

This property is composed by seven independent suites with private bathrooms, a kitchen, a dining room with frescos, a library, two reception rooms and terraces that provide a view to Sintra's mountain, Castelo dos Mouros (Moorish Castle), Palacio Nacional da Pena (Pena National Palace) and on clear days the view reaches the sea.

Each suite owns a unique and refined name:
- bedroom "Sun", placed in the attic,
- bedroom "Venus", placed on the second floor,
- bedroom "Moon", placed on the first floor,
- bedrooms "Mars" and "Jupiter", placed on the lower floor,
- bedroom "Jardim Garden", placed in the romantic garden.

There is also a service suite and a laundry area.
The house is equipped with central heating.
The property can be sold with furniture.
The licence for local housing is valid.

This is an opportunity for those who want to live in the middle of nature, to have a calm and relaxed life, being close to the historical village of Sintra, the beautiful line of the Cascais beaches, 30 minutes away from the motorway to Lisbon and the Lisbon's airport.

Sintra is a charming Portuguese village located in pine-covered hills, there are extravagant palaces, luxurious mansions and the ruins of an ancient castle. The variety of fascinating historical buildings and enchanting attractions make this location a magical place where you can enjoy nature at its fullest.

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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.