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5 bedroom apartment for sale

Portugal - Concelho De Camara De Lobos, Madeira

Offers in Region of €350,000

like this property?

Call: 03339 396426

Key features:

  • Results from the fusion of a two-bedroom apartment with a three-bed;
  • Large terrace around the apartment provides the most stunning panoramic views over the ocean and mountains;
  • Meticulously maintained;
  • Three parking spaces and two storage rooms on the underground garage;
  • Eight minutes away from the center of Funchal.

Full description:

This quiet and spacious apartment is the ideal location to enjoy the perfect sunrise and sunset.

This five-bedroom residence, on the penultimate floor, results from the fusion of a two-bedroom apartment with a three-bed. Completed in 2002, the apartment is in good condition and has been meticulously maintained and decorated by the current owners.

This stunning apartment is just 8 minutes from Funchal, at an altitude of 200m, looking down over the historic fishing port where Churchill sat and painted after World War 2. The apartment is oriented due south, with uninterrupted views of the sea from Cabo Girão to the West, to the Ilhas Desertas to the East. The views to the north, from the two terraces, are of the mountains where the most prestigious Madeira Wine grapes grow.

Basculating glass doors, that give access to the terraces around the apartment, allow the day light to enlighten the spacious reception room and also the dining area. The apartment has two access doors. One front door leads to the reception room, used as the main entrance, the other is directly to the dining area, generally used as the way out, after dinner.

Next to the reception room, on the western side of the residence, there is a laundry and two generous sized bedrooms, one of which is currently used as a workshop/atelier. They are served by a shared bathroom.

The master bedroom, with ensuite bathroom and fitted wardrobes, is located in the middle of the apartment. The two other bedrooms on the eastern side, are, at the moment, used as an office and a multipurpose room.

The reception room, the dining room, the master bedroom and the guest bedroom all have television outlets. The office and the atelier both have hard-wired Ethernet.

The kitchen, fully fitted, is adjacent to the dining room. Another bathroom adjacent to the dining room completes the accommodation. The property is currently elegantly furnished, although the furniture does not make part of the sale.

The apartment has three indoor parking places and two designated storage rooms in the underground garage.

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 SeaviewApt) 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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