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5 bedroom manor house for sale

€1,500,000

Portugal - Madeira, Funchal

like this property?

Call: 03339 396426

Key features:

  • Unique period manor house "Quinta"
  • Extensive award-winning gardens
  • Privacy and tranquillity in central Funchal
  • Stunning panoramic views
  • Best climate in Madeira
  • Full of charm, character & history
  • Redevelopment opportunity as hotel, spa or clinic
  • Potential with refurbishment to be a grand family residence
  • A botanical paradise

Full description:

A rare opportunity to acquire a beautiful freehold 19th Century "Quinta" mansion close to the centre of Funchal. The property enjoys stunning views over the capital and the Ocean. The Quinta, one of the oldest in Madeira, is a magnificent mansion home, with outbuildings, originally built around 1814. The property has subsequently been enlarged to provide a most elegant residence, whilst retaining many of the original features, and extends to approx. 807 m2. The Estate includes a self-contained period cottage of approx. 147 m2, a double garage and drive with ample space for private off street parking. The mansion and cottage are set in a superb garden with grounds extending to over 4,900 m2.

The main house is arranged on a garden floor and three upper floors, extending to approx. 807 sq metres. It is currently arranged to provide three large double bedrooms with three bathrooms, two of which are en suite, and three smaller bedrooms. There are two separate lavatories. The living accomodation includes a charming conservatory, a hall, a large drawing room, a dining room, a living room, a study, a kitchen, a pantry and two superb terraces with breath-taking sea views. There is plenty of scope for restructuring the interior layout.

The "Quintinha" is a detached cottage in the grounds, of the same period as the Quinta, and is arranged on ground and first floors, offering one double bedroom, a bathroom, a large living room, a dining room with a terrace and a kitchen.

The extensive accommodation and grounds offer a unique redevelopment opportunity either as a renovated single residence, with staff accommodation, or as a conversion to apartments. Other uses could include a retirement home, a timeshare, or a range of commercial uses, including a hotel, spa or clinic, subject to final planning.

A new development on the Estate would enjoy excellent views, without prejudicing the potential or the views from the Quinta. Local architects have worked up various outline development proposals for the Estate liasing with the local planning authorities.

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), 13.7 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 PeriodManorHouse) 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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