9 bedroom Manor House for sale with countryside view with Income Potential in Sabrosa, Northern Portugal
Situated in the heart of the historic centre, next to the beautiful, centuries-old Town Hall building, this quinta covers around 10 hectares. Most of them, around 7.5 hectares, have official DOC Douro vineyards which produce white and red grapes characteristic of the Douro region, destined for the production of DOC and Port wines of excellent quality.
There is also an olive grove of around 2 hectares and various fruit trees, especially citrus fruit.
At the top of ...
Situated in the heart of the historic centre, next to the beautiful, centuries-old Town Hall building, this quinta covers around 10 hectares. Most of them, around 7.5 hectares, have official DOC Douro vineyards which produce white and red grapes characteristic of the Douro region, destined for the production of DOC and Port wines of excellent quality.
There is also an olive grove of around 2 hectares and various fruit trees, especially citrus fruit.
At the top of the property is an imposing and noble 16th century manor house in excellent condition, with all the architectural and historical features well preserved. From the entrance halls, through the social rooms and the two kitchens that support the life of this manor house, to the Chapel where the two naves that differentiate the periods in which it was built stand out, there is all the atmosphere and comfort that make us travel from the beginnings of its beautiful history to the present day.
This agricultural property has ample potential for its own production of quality wines, with a registered trademark and a winery. It also enjoys excellent access, as well as being in the heart of the Douro Demarcated Region in the centre of the town of Sabrosa, which is steeped in history and the birthplace of Miguel Torga - one of Portugal's most prestigious poets - and Fernao Magalhaes, the legendary and heroic navigator.
This Quinta thus benefits from excellent conditions for the development of a good, sustainable tourism project, and is a unique investment opportunity in one of the world's most renowned wine regions, the Douro Valley, just 60 minutes from Porto.
FEATURES:
• 16th century manor house XVI;
• Swimming pool;
• Cellar;
• Warehouse;
• Wine, olive oil and fruit production.
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Where is this property?
This Manor House is located in Sabrosa 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.