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4 bedroom apartment for sale

Portugal - Funchal, Madeira

€1,265,000

like this property?

Call: 03339 396426

Key features:

  • Centrally located new-build city apartment complex
  • Generous areas and the best quality materials and equipment
  • Air-conditioning and integrated sound system
  • Acoustic insulation, Security entry door, video surveillance system, pre-installation for a domotic system
  • Two car lifts from the street take a car down to the underground garage
  • Fully equipped kitchen with Siemens appliances
  • Extensive fitted wardrobes and spacious storage areas
  • Suitable for full-time living
  • Private pool terrace with plunge pool

Full description:

This small condominioum of just 10 apartments is situated at the heart of town, offering a convenient location for those who like all the facilities, services and entertainment at their front door.

The south facing apartments overlook the Santa Catarina park and the views from the third and fourth floor are fringed by the beautiful jacaranda trees.

The east facing apartments have vistas over the city of Funchal and the mountains.

This development is characterized by extremely generous areas and the best quality materials and equipment.

Luxury city living!

This four-bedroom apartment on the fourth floor has a gross construction area of 295m2, with an additional 90 m2 of terraces off the living room, kitchen and three of the bedrooms, plus an upper floor private pool terrrace of 163m2 with a small plunge pool.

A spacious entrance hall with a guest WC leads into the 70m2 living/dining room with oak floors and white lacquered woodwork - classically modern. All the terrace doors from the living room give access to the south-east ad north-east facing varandas in TEKA.

The completely equipped kitchen with top quality furniture and silestone worksurfaces leads onto a north-east terrace suitable for outside dining.

A wide and light corridor gives access to the master bedroom and two guest bedrooms sharing a bathroom. All three bedrooms have access to the varanda which leads to the 163m2 terrace with private plunge pool, offering stunning city & mountain views.

The fourth bedroom suite has an extensive dressing room and a large bathroom.

All bedrooms come complete with extensive fitted wardrobes, oak floors and, as in the entire apartment, concealed air-conditioning, as well as an integrated sound system.

The bathrooms are contemporary with suspended sanitary ware, silestone surfaces and details such as electric towel rails and anti-mist mirrors.

The floors and partition walls have acoustic insulation, and the apartment features a security entry door, video surveillance system, and has pre-installation for a domotic system.

The exterior walls are double with thermal and acoustic insulation, as well as acoustic insulation between floors and in the internal partition walls between different apartment.

The building is served by two lifts with capacity of 9 pax, and has additonal high capacity generators to serve the lifts and communcal areas in the case of a power cut.

Two car lifts from the street take your car down to the underground garage, where this four-bedroom apartment has three designated parklng spaces and an additional storage room.

This deluxe apartment represents extremely good value for money with these generous areas & quality specifcation in the city centre.

Please enquire for details and floorplans of other available apartments in this building.



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 MinasGeraisPenthouse) 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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