1 Bed Apartment for sale

Sao Goncalo, Funchal, Madeira, Portugal

£155,637

 [€174,500]

Property Details

  • Bedrooms: 1
  • Bathrooms: 1

Features

  • Resort property - private & secure condominium
  • Wonderful views over Funchal Bay and ocean
  • Generous external terraces make most of climate
  • Additional basement storage room
  • Full multi-split A/C to living & bedrooms
  • One parking space but plenty of overflow parking
  • High-quality construction to North Europe standard
  • Village owners have privileged discounts on Estate

Full Description

Apartment 4 is located within the award-winning Palheiro Village and part of the famous Palheiro Estate, offering privileged access to & discounts on the facilities of the Palheiro Estate including the Village Forum heated outdoor pool; 18-hole Palheiro Golf course and Palheiro Spa. Full property management and short-term holiday rental services available. Apartment 1 has a history of good rental income.

Apartment 4 is a lower one bedroom apartment, that was designed and constructed, as the other apartments in Palheiro Village, to a high standard with a spacious interior and large terrace and are elegantly furnished. There is the option to purchase the full furniture and fittings which are also complete for rental purposes. The construction area of the apartment is 71m2 plus 22m2 terraces, and 21m2 basement storage.

The kitchen is fully equipped with granite worksurfaces, bathrooms feature stone wall and floor tiling and underfloor heating, and living areas and bedrooms have multi-split air-conditioning. The living areas are floored with semi-manual terracotta with limestone borders, whereas the bedrooms are carpeted for extra comfort. Satellite TV, telephone and broadband internet available.

Palheiro Village is a private condominium designed by Michael Brown Associates, is built in a traditional external style and lies 10 minutes from the centre of Funchal, 15 minutes from the international airport. It offers a civilized, secure and restful environment to enjoy your holiday home or permanent residence.

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 property listing (ref: A4) is an advertisement supplied by ImoPalheiro and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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