Lakeside 20 bedroom Farmhouse for sale with countryside view in Beja, Alentejo Southern Portugal

699,000 EUR 608,130 GBP 692,010 USD

Reference: 240716

Bedrooms: 20
Bathrooms: 3
Floor Size: 1,041 m2
Plot Size: 3 hectares / 7.41 acres
Work Required: None
Lake, River or Pond

Details

Characterful old manor house in Beringel, set in over 7 acres of land with over 1,000m2 of living space offering a wonderful opportunity to create a beautiful rural tourism development or a spectacular hotel, with incredible views.

The plot of land reaches down to the Pisao Dam, benefiting from a beautiful and tranquil location, where it is possible to enjoy the quietness of an Alentejo village, but simultaneously being close to an urban centre and relatively close to the Alentejo coast beaches (one hour drive) or the city of Lisbon (two hour drive).

The rectangular-shaped main house has a large central corridor and rooms with high and vaulted ceilings with tiled roof terraces. The remaining buildings are traditional constructions. The main house occupies the space where it once was the manor house of the Marquises of Minas, where the storekeepers of that house lived and also the descendants of the Pedro II's judge.
The building has undergone some changes. In the last decades, it has been used as a nursery school, which has led to some loss of character. Its state of conservation is poor, requiring a major intervention.
The quinta offers excellent potential, where it would be possible to construct a hotel or spa, benefiting from the framework and proximity of the Pisao Dam and with the possibility of financial support.

The redevelopment of the property in its current condition could also be analysed (built area: 850m2), or divided into several houses of smaller dimensions (the offer of new housing is relatively small in the local market).

The rural area can be profitable for agriculture. The land ends at the lake of the Pisao Dam, being of great beauty.
Beringel, a village with a charter since 1262, is located on the National Road 121 (IP8), between Ferreira do Alentejo and Beja. It is a typical Alentejo village, composed mainly by single-family houses distributed by one or two floors. The local businesses provide basic amenities some handicrafts and restaurants.
The city of Beja is 12 km away.

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Portugal Property Buying Guide

Guide to the Portugese Buying Process

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.