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4 bedroom apartment for sale

Portugal - Funchal, Madeira

€690,000

like this property?

Call: 03339 396426
  • Description
  • Floorplans (0)
  • Map

Key features:

  • Small luxury condominium of just 6 apartments, with communal pool
  • Set in a quiet and established residential area close to the old town of Funchal
  • This is the ground floor four bedroom apartment
  • Solid wooden floors to living areas & bedrooms
  • Central vacuming installed
  • White lacquered doors and fitted wardrobes
  • Pre-installation for AC and solar panels
  • Fitted kitchen with pantry and laundry
  • The apartment is furnished
  • Three designated parking spaces

Full description:

Despite being within direct proximity of all the infrastructures of downtown Funchal, this four-bedroom apartment is set in a quiet and established residencial area. It offers magnificent views over the Vila Guida viewpoint, with its centennial trees, towards Funchal's harbour and is a few steps from the condominium swimming pool. It is a great opportunity for luxurious city living.

The unusual L-shaped layout of this apartment separates the two suites from the other two bedrooms, with the open-plan living/dining area in between. The two suites have ensuite bathrooms whilst a family bathroom is shared by the other bedrooms located to the east. The generously sized open-plan living/dining area, featuring solid wooden floors, has direct access to the lawn and swimming pool, at the lower level of the building. The same happens with three of the bedrooms. Imagine if you could wake up and walk easily to the swimming pool for a morning swim and continue to enjoy the cosmopolitan and ocean views. The bedrooms also have fitted wooden wardrobes lacquered in white.

The kitchen, generous in size, overlooks the quiet courtyard to the east. It has a pantry and laundry. A guest WC completes the accommodation on this floor.

This luxurious four-bedroom apartment is furnished and has an electric boiler for domestic hot water,a central vacuuming system, electrical blinds and pre-installation for air-conditioning and solar panels. There are three designated parking spaces for this fraction, one of them in the underground garage, the others in the parking spaces at the rear of the building, as wel as a designated storage room.

This small condominium has just 6 apartments, is situated within easy walking distance of the heart of the city, and offers a convenient location for those who like to be close to all the facilities, services and entertainment, whilst still enjoying a quiet and more reserved area. The facilities, built in 2007 but recently renovated at the same time as the apartments, include a lift, and a generously sized swimming pool in the communal gardens, with supporting shower and separate bathrooms.

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 MagnificentAptA) 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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