3 Bed Duplex for sale

Santa Maria Maior, Funchal, Madeira, Portugal

£298,778

 [€330,000]

Property Details

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Family residence in an up-marked tranquil area
  • The condominium is 5 minutes from downtown Funchal
  • Ground floor: Living/dining area, office & kitchen
  • Top floor is reserved to the three bedrooms
  • Decked area south is perfect for al fresco dining
  • Private garage for one car; space for extra parkin
  • Layout is similar to an apartment
  • Private entrance and locked garage

Full Description

This three bedroom duplex is neither an apartment nor a house. At least not in the traditional sense. It offers generously sized areas and magnificent views towards Funchal's bay in a private, tranquil and upmarket residential area just five minutes from the city centre. It is part of a condomínium of properties whose layout is similar to that of an an apartment, but with each property featuring its own private entrance and locked garage.

With a southwest orientation, the property is spread over two floors, both offering unobstructed views to the city centre from an elevated position. It is the top floor property, and is accessed from the north.

The lower level comprises an ample and bright open-plan living/dining area, an office and the family kitchen. It offers an exterior deck to the south which can be accessed from the kitchen and also from the open-plan living/dining area. The upper floor is reserved for the bedrooms. The master suite has an ensuite bathroom and a dressing area.

It was built in 1999, and has been well maintained as a family residence.

Despite having a private garage for one car, there is still space for extra parking in the drive-way.

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, registration 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: duplex) 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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