The detached private villa is situated in the small and exclusive private residential end of Vale Formosa, between Vale do Lobo, Quinta do Lago and Almancil, placing it firmly in the highly regarded and much sought after Golden Triangle.
The very large living areas include a spacious sunken lounge with a wonderful log burning effect, remote controlled gas fire for the winter, and an adjoining separate, but open sided dining room. Remote units for the combined central heating and air conditioning are located in the lounge and all the bedrooms, whilst the kitchen and each of the bathrooms has a heater.
The fully equipped kitchen has an excellent range of built-in appliances including double oven, hob, microwave, two large fridges, freezer, dishwasher and other general appliances. A separate utility is fitted with a washing machine and tumble dryer.
The four large bedrooms are all double in size, one presently being furnished with a king size bed, two with double beds and the fourth having twin beds. Two of the bedrooms have balconies. There are three large bathrooms plus a cloakroom with toilet.
The entrance drive is entered via an elegant pair of gates, flanked on each side by a pillar surmounted by a lantern style light fitting. There is space for car parking in front of the villa, this being additional to the two built-in garages.
The villa sits in grounds of almost one acre and is surrounded by lawns and lush gardens, bougainvillea, palms, private walling, a courtyard and hedging. There are lemon trees growing around the villa.
A south west facing terrace runs along the length of the villa and looks on to the large 11metre, kidney shaped heated swimming pool. The barbeque area is at the side of the pool and is furnished with sun loungers, chairs, tables and parasols. There is a shaded dining terrace with table and benches overlooking the pool.
The pool is cleaned twice weekly and the gardens are constantly maintained to a high standard by the nearby English management company, which will continue to provide these and other services, should the new owner require them.
FOR SALE FULLY FURNISHED AND EQUIPPED
The property is being offered for sale complete with all furniture, furnishings, equipment, linen, cooking utensils, cutlery and crockery, in fact, everything to enable the next owner to enjoy life there, or start a rental programme, immediately following completion of the sale.
The lounge is equipped with Wi-Fi, satellite Sky TV, a DVD surround sound, CD hi-fi system, a huge entertainment library and leather suites. All furniture, soft furnishings, linen, towels, crockery etc. have been replaced during the last couple of years or so and are of excellent quality.
THE SUPERB LOCAL AND NEARBY FACILITIES
There are numerous shops, bars, restaurants and activities within easy reach without being in a tourist development. Many of these are within walking distance of the villa and include not only fantastic local restaurants and eateries of every denomination and price, but some of Portugalâ€™s best Michelin Star restaurants are just minutes away, including Henrigue Leis and Sao Gabriel.
The property is only ten minutes from a number of the best beaches on the Algarve and although Faro International Airport is only twenty minutes away, it will be reassuring to know that there are no flight path issues!
A little further afield are the superb daytime and evening facilities of Vale do Lobo, Almancil and Vilamoura, with its 1000 berth marina and all that goes with it to establish Vilamoura as one of the biggest private tourism resorts in Europe and one of the most prestigious in Portugal.
GOLF â€“ PERHAPS THE BEST FACILITIES IN EUROPE
The property is just ten minutes or less to the excellent golf courses of the Quinta do Lago area including the Quinta do Lago PGA course, San Lourenzo, voted the second best course in Europe, the Royal and Ocean courses of Vale do Lobo, including the world famous cliff par 3 16th hole and the world renowned Pinheiros Altos combination of mature woodland and island lake golf. The list goes on and on and, for the dedicated golfer or simply the social player, it is hard to imagine a more attractive location.
TAX ADVANTAGES OF A COMPANY OWNED PROPERTY
The purchaser will buy an off shore company, registered in Delaware, USA, of which this property is the sole asset. This will provide the new owner, who will own all the shares in the company, with significant tax advantages, there being no inheritance tax or capital gains tax liabilities.
Further details will be provided to an intending purchaser following inspection of the property.
PART EXCHANGE WITH A UK PROPERTY
The sole shareholder of the company, in effect, the owner of the property, will consider a part exchange arrangement to involve a residential property in the UK, should this be of interest to the buyer.
These details are provided and intended as a general guide only and do not form a contract or any part of a contract. Intending buyers must make their own investigations and are advised to take appropriate independent legal advice. The final sale price may vary due to currency exchange fluctuations.