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6 bedroom country house for sale

Portugal - Madeira, Funchal

€2,950,000

like this property?

Call: 03339 396426

Key features:

  • Unique location near clifftop
  • Licensed as a small hotel or perfect as a family home
  • Spectacular views over the bay of Funchal
  • Extensive grounds, room for a pool
  • Perfect climate - close to sea level
  • Within walking distance of Funchal city centre
  • Haven of peace & quiet
  • Scope for further development
  • Own spring and access to levada irrigation water

Full description:

Quinta São Gonçalo, an old agricultural property lying near the clifftop in the parish of Sao Gonçalo, dates from 1853. The house was restored in 1999 and converted into a traditional Madeiran manor house which currently functions as a small guesthouse with 5 bedrooms. It is a haven of peace and quiet with the extensive landscaped gardens, tropical fruit trees and spectacular views over the harbour of Funchal. The house could equally be enjoyed as a private family residence.

The value of this property lies in its unique location on the cliff-edge overlooking the harbour of Funchal. The extensive grounds span 4,000m2 and the property can both support in planning terms either further development (new build) or extensions to the existing property to become a larger hotel or clinic, as well as to be separated into smaller plots for independent construction.

It has access to levada (irrigation) water and has its own spring water. Part of the land is currently agricultural land with fruits and vegetables.

Quinta São Gonçalo is located in east Funchal, 100 metres above sea level, offering the warmest and sunniest climate in Funchal. It is close enough to walk to the city centre.

The 440 sq.m floor area of the manor house composes the following rooms:

Ground floor; hall, living room, dining room, kitchen (hotel), office, games and TV room, guest wc, laundry, multipurpose room.

Top floor: 1 junior suite with 12 sq.m balcony & 3 ensuite bedrooms all with views to the ocean,
the Bay of Funchal, and the gardens; 1 ensuite bedroom with a view of typical banana trees.

The grounds also house further outbuildings which serve as maid's quarters and storage rooms as well as an 800m3 water tank for irrigation water.

There is a closed garage as well as extensive opening parking space.

The property has one automatic entrance gate and two further manual entrances.

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.

Ground floor
Upper floor
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 QuintaSaoGoncalo) 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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