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16 bedroom finca for sale

Portugal - Madeira, Santa Cruz

Guide Price €1,950,000

like this property?

Call: 03339 396426

Key features:

  • Established rural tourism project
  • Set in lush mature grounds of 9000m2
  • Main house available as separate purchase
  • Smaller cabins/houses sleep 20 pax.
  • Exterior swimming pool
  • Perfect as a yoga retreat centre or like
  • Quiet and totally private
  • Relaxed independant living

Full description:

Quinta das Eiras is an established rural tourism project combining relaxed independant living with an excellent rental return.

With in total approx. 9000m2 land - mature woodlands, gardens, lawns -, the property features a number of buildings - a main log cabin sleeping 8, a stone house sleeping 2, a red chalet sleeping 6, and 8 smaller timber chalets each sleeping 2. With full occupancy the property can currently accomodate 28 pax. The Quinta has an exterior pool in the landscaped gardens.

Set in lush natural surroundings with its own private stream, close to the Golf course of Santo da Serra, to horseriding and mountain trekking, and within walking distance of the village of Santo da Serra. It lies only 10 minutes from the Madeira International Airport.

Quinta das Eiras is ideal as a full-time living/ retirement property with the smaller houses generating good rental returns, or could be converted into a retreat centre for various activites such as yoga workshops, or meditiation retreats. Peace and quiet and complete privacy are guaranteed.

The property is for sale in its entirety, or as two separate entities: main house & stone house with 4000m2 as one property, and the other 9 rental units with 5000m2 land as the second property.

Occupancy rates are currently of approx. 50%

Please enquire for full details.

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), 8.1 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 QuintadasEiras) 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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