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1 bedroom apartment for sale

Portugal - Funchal, Madeira

€180,500

like this property?

Call: 03339 396426

Key features:

  • Resort property - private condominium with security
  • High-quality construction to northern European standards
  • Village owners have privileged discounts on Estate facilities
  • Generous external terraces make most of wonderful climate
  • Woodburning stove, full multi-split A/C to living & bedrooms, underfloor heating to bathrooms
  • Additional basement storage room
  • One parking space but plenty of overflow parking

Full description:

Apartment 4 is located within the award-winning Palheiro Village and part of the famous Palheiro Estate, offering privileged access to & discounts on the facilities of the Palheiro Estate including the Village Forum heated outdoor pool; 18-hole Palheiro Golf course and Palheiro Spa. Full property management and short-term holiday rental services available. Apartment 1 has a history of good rental income.

Apartment 4 is a lower one bedroom apartment, that was designed and constructed, as the other apartments in Palheiro Village, to a high standard with a spacious interior and large terrace and are elegantly furnished. Apartment 4 is furnished to show house quality and there is the option to purchase the full furniture and fittings which are also complete for rental purposes. The construction area of the apartment is 71m2 plus 22m2 terraces, and 21m2 basement storage.

The kitchen is fully equipped with granite worksurfaces, bathrooms feature stone wall and floor tiling and underfloor heating, and living areas and bedrooms have multi-split air-conditioning. The living areas are floored with semi-manual terracotta with limestone borders, whereas the bedrooms are carpeted for extra comfort. Satellite TV, telephone and broadband internet available.

Palheiro Village is a private condominium designed by Michael Brown Associates, is built in a traditional external style and lies 10 minutes from the centre of Funchal, 15 minutes from the international airport. It offers a civilized, secure and restful environment to enjoy your holiday home or permanent residence.



DESTINATION MADEIRA

For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages of Madeira Island :

• Sub-tropical climate - warm & pleasant year round
• Natural beauty - dramatic scenery, lush & colourful, known as the "Garden of the Atlantic"
• Ease of access - within 3 hours flight time from most European cities, direct flights from over 40 destinations in Europe, daily flights to London and Lisbon
• Protected environment - 70% of the island is protected parkland & forest
• Activities/Amenities - wide range of sports & leisure activities; two Golf courses near to Funchal
• Tourist infrastructure - long known as a quality tourist destination, with lots to see & do• Quality of life - a friendly, safe & clean place to visit and to live in (Note: one of the lowest incidences of crime in Europe)

Legal and fiscal situation
• Property transfer taxes - IMT tax, Stamp duty, reigistration and notary fees - max. 7%
• Inheritance tax - Effective 1st January 2004, inheritance tax abolished in Portugal. There is still a 10% stamp duty charge though on transfer of assets. Gifts/donations to a spouse (husband or wife), children, parents or grandparents are exempt.
• Capital gains tax - Flat 25% tax levy on all capital gains effected by non-residents.
• Portuguese (EU) Residence Permit - Since July 2012, the NON-EU PURCHASER has a right to apply for a Portuguese residence permit (with subsequent freedom of movement in Schengen countries) following purchase of real estate in Portugal with A MINIMUM INVESTMENT OF €500.000
• Non-Habitual Resident's Regime - offering fiscal advantages particularly to non-Portuguese retirees taking up residence in Portugal

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Funchal (International), 8.5 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
ImoPalheiro Lda, Palheiro Estate, Madeira

Rua do Balancal nº. 29 São Gonçalo 9060-414 Funchal Madeira
03339 396426  Local call rate
About ImoPalheiro Lda, Palheiro Estate, Madeira

The Palheiro Estate

Located on a prime hilltop site overlooking the sophisticated capital of Funchal, the 130 hectare Palheiro Estate, has grown from an early 19th century hunting lodge and summer retreat for nobility into a sophisticated, low density resort destination.

Palheiro benefits from an unrivalled location, on the one hand its elevated position gives stunning views over the city and harbour, yet it is only ten minutes by car to the city centre, with its elegant mix of historic buildings and modern shopping. On the other hand, it is only fifteen minutes to the international airport, with direct flights to over 40 European destinations.

Madeira

Madeira is a small island (50 km long) located 900 km. south-west of Portugal and 600 km. off the North African coast.

For over 200 years, Europe's elite have been drawn to the archipelago of Madeira, enjoying the reliable, year-round fine weather and dramatically beautiful landscapes. The waters surrounding the island are warm and the winding coastline provides many opportunities to enjoy them. Savvy second home purchasers are aware that Madeira, which can be easily reached in around three hours via direct flights from the UK, Ireland and mainland Europe, is an ideal alternative to long haul destinations for sun seekers, offering year round rental opportunity as well as a superb second home location.


Disclaimer

This is a property advertisement provided and maintained by ImoPalheiro Lda, Palheiro Estate, Madeira (reference Onebed4PalheiroVillage) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

ImoPalheiro Lda, Palheiro Estate, Madeira

Rua do Balancal nº. 29 São Gonçalo 9060-414 Funchal Madeira
or call 03339 396426
Calling from outside the UK? 00351291794015

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