- 8 bedroom Farmhouse for sale with countryside view in Merida El Prado, Badajoz, Central Portugal

9,000,000 EUR 7,830,000 GBP 8,910,000 USD

Reference: 234307

Bedrooms: 8
Bathrooms: 7
Floor Size: 1,300 m2
Plot Size: 600 hectares / 1 acres
Work Required: None
Equestrian / horse ownership facilities
Gite / Annex / Additional Accommodation
Income Potential
Garage(s)
Parking space(s)
Private / Not Overlooked

Details

Absolutely stunning 8 bedroom villa with beautiful landscaped gardens and pool, Chapel, stables and outbuildings, surrounded by 60 hectares of glorious farmland with cork trees, olive groves and farm animals, located near all amenities in Merida on the Spanish/Portuguese border.

This exceptional property revolves around a large hill of medium height and undulating, surrounded by Mediterranean mountains, in which many boars are bred and sheltered.

It has never been sold, and inherited generation after generation, as it has been in the hands of the same family since the mid-eighteenth century.

From an agricultural point of view, it has about 4,000 cork trees and large areas of old olive groves declared ecological. Large meadows that are sown annually with oats, wheat, pasture and other nutritious herbs.

It has about 250 cows in different enclosures with cattle net and stone walls. All these enclosures fill up with runoff water from the hills and with spring water.

There is another livestock area, specific to create a quota of 1,200 Iberian pigs in extensive regime. In addition, the owner breeds horses for his personal use.

The farm is very well prepared for long horse or bug rides along the roads that cross it.

In a very private area of the farm is the villa that consists of bright and spacious living and dining areas full of charm and character, kitchen, 8 bedrooms and 7 bathrooms.

There is an old mill, patios, a chapel, garden, agricultural warehouse, stables, garage and other dependencies.

This homestead is self-sustaining thanks to livestock and annual CAP subsidies.

It is 15 minutes from Merida, 40 minutes from Caceres, 2 hours from Seville and 3.5 hours from Madrid, all by motorway.

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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.