Turn Key 3 bedroom Penthouse for sale in Parque das Nacoes, Lisbon City, Central Portugal

4,300,000 EUR 3,741,000 GBP 4,257,000 USD

Reference: 239949

Bedrooms: 3
Bathrooms: 3
Floor Size: 196 m2
Plot Size: 227 m2
Work Required: None
Lake, River or Pond
Gym

Details

With simply stunning far reaching views towards the river, this spacious and bright 3 bedroom penthouse/duplex apartment is set within a highly sought after and private reisdence in Parque das Nacoes.

This modern apartment, which is in the most exciting and family friendly neighbourhood, has access to concierge services and all apartments will be equipped with contemporary materials of high quality and great workmanship.

The owners of the residential floors will be presented with a wide variety of materials and decoration options at the choice of buyers. As part of its unique offer, this venture will host Lisbon's first family club, which will be the perfect space to spend time with the family, with indoor and outdoor heated swimming pools, a gym, outdoor playground and a kids club.

The concept also provides for a place where families, both residents and non-residents, can socialise while taking advantage of a co-working area, yoga and other similar classes, an event space and a cafe, which will host both social and business activities. The family concierge service will be available whenever help is needed.

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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.