€12,000,000
Palace in Paço Arcos, Oeiras with 37 rooms and 3wcs with patio for several cars. Located on the seafront, this mansion dates from the nineteenth century and was built in 1860 under the direction of the Architect Cinatti of Siena. It was the residence of His Royal Highness, King D. Fernando II. At this moment the property belongs to the heirs of His Royal Highness el Rey D. João I and D. Filipa de Lancastre, Queen of Portugal and is heritage protected by the environmental safeguard plan and built heritage of the Municipality of Oeiras. Quinta do Relógio has a Neoclassical language and atmosphere, present in the sumptuousness of the ornamentation of the buildings, surrounded by an immense and dense vegetation, from which several species of trees stand out for their configuration and antiquity such as the Araucaria, the Plane Trees and the Dracaenas.
Overlooking the Tagus River and the Atlantic Ocean, the Quinta has approximately 150 meters of facing the sea, being located at a distance of about 30/40 meters from the Ocean (first line of sea with full view) is currently composed of a Palace, a Staff House, 4 Garages, a Cavalry for 6 horses and a Clock Tower, having in total about 40 divisions.
The entire property is walled, is currently self-sufficient in water and has built an aqueduct for rainwater that passes under the Marginal Road and goes to the sea.
The outdoor spaces feature different terrain levels arranged around a courtyard where garages, stables and service accommodation are located. The main building is arranged in two plans with traces of palatial proportions and singular elements such as the symmetry of the plants, the sequence of spaces formed by porch, entrance hall and staircase illuminated by skylight Three rooms with sea view and direct access to the garden.
The property needs some improvements in the amount of € 500,000.00 (approximate) but has a unique potential.
REAL ESTATE PRIOR TO 1931 – DISPENSES ENERGY CERTIFICATE.
THERE IS NO PAYMENT OF IMT IN THE AMOUNT OF 6.5% NOR IMI (ANNUAL TAX ON REAL ESTATE) given the property in question.
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