Character 8 bedroom Farm Estate for sale with countryside view and panoramic view views in Golega, Central Portugal

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

Reference: 246499

Bedrooms: 8
Bathrooms: 5
Floor Size: 409 m2

Features

Terrace
Garden
Land
Private Pool
Equestrian Facilities
Fireplace
Original Features
Possible Extra Dwellings
Outbuildings
Countryside View
Panoramic View
Parking
Garage
Traditional Style
May Require Improvement

Details

Full of character and charm and situated in a quiet setting in Golega, this spacious 8 bedroom property is ideal as an equestrian estate or rural hotel.

This is one of the only properties currently available with a computerised irrigation system for various types of farming.

The estate includes a property with a living area of 409m2, with a swimming pool and garden. This typical Ribatejo house includes some rooms with natural stone floors.

Ground floor: living room and a dining room, kitchen, pantry, storage, maid's room, bathroom, office, bedroom and WC.

First floor: master suite, 4 bedrooms and 2 bathrooms.

Caretakers house: 2 bedrooms, living room, kitchen and bathroom.

Possibility of construction in the barns, of about 2,300m2, for hotel or rural tourism.

Irrigation property. For this purpose it currently has 4 pivots and may have one more, which incidentally, is currently under study. It has a 250m hole, with a 90CV submersible pump, which pumps into a pond, from which water comes out for the pivots. In addition to this, it has more holes, with submersible pumps, for watering the areas outside the pivots. These irrigation systems, PIVOTS, are prepared to distribute water by tape to crops that use it. The Meirinho is naturally rich in water, in the context of the area.

Soils are of old alluvial and new alluvium, with capacity to obtain high levels of production, otherwise achieved over the years.

Own electricity with a PT. The Meirinho has a protection of GABIONS, with about 1 Km. Upstream has 2 crossings, for regularisation of the waters.

There is also a garage and swimming pool.

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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.