Plot for sale

Sao Goncalo, Funchal, Madeira, Portugal

£136,974

 [€155,000]

Property Details

  • Bedrooms: 0
  • Bathrooms: 0
  • Plot size: 650 m2

Features

  • South-facing plot, reasonably level building area
  • Stunning Funchal Bay, ocean and city views
  • Close to Palheiro Golf course
  • Easy access to Funchal & airport
  • Assistance in coordinating team of architects...
  • ... contractors & project managers available

Full Description

This 650m2 plot for construction in the parish of São Gonçalo, Funchal, offers a gorgeous view towards the ocean and down to Funchal's bay. Located in a very tranquil & established residential area, the plot is oriented southwest, is relatively flat and already has the general infra-structures in place within this recent urbanization. It is just 2 minutes from the express-way, 5 minutes from the Palheiro Golf course and from the city centre, and 15 from the Madeira international airport

Subject to specific building regulations defining such matters as construction density, height, regulations of use, etc. this plot for construction has a building capacity of 260 m2, distributed over two floors. It is accessed by a local road to the east and a cul-de-sac below, which also gives access to the other five neighbouring plots for sale in this urbanization. The architectural design for a family home is also facilitated by the fact that it is mainly flat.

If necessary, Imopalheiro Lda. can introduce the Purchaser to experienced firms of Architects & Project Manager sin order to facilitate the design and construction process.

Information about the bulk sale of all plots can be provided by request.

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: PlotFunchal) 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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