Plot for sale

Sao Goncalo, Funchal, Madeira, Portugal

£396,930

 [€450,000]

Property Details

  • Bedrooms: 0
  • Bathrooms: 0
  • Plot size: 2713 m2

Features

  • Gated access off estate road
  • Secure residential environment
  • Privileged access to the facilities of the Estate
  • Large south-facing plot
  • Reasonably level building
  • Easy access to Funchal & airport
  • Ocean views

Full Description

Plot 24 is a stunning plot of 2713m2 for development just below the Palheiro Golf course, and offers a perfect opportunity to construct a property of 400m2 in a private, quiet and lush natural setting. There is a pedestrian accces to the east of the property, leading to the Palheiro Golf Clubhouse, which serves this and the neighbouring properties.

The property benefits from the security of the Estate and privileged access to the facilities of the Resort as well as the on site Management services.

Access to plot 24 is from the cul-de-sac Rua do golfe, quiet and private, with the building area lying on the upper part of the sloping plot with gardens below. The plot offers stunning ocean & city views.

Features

Golf membership available

Gated access off estate road

Easy access to Funchal & airport

Privileged access to the faciites of the Palheiro Estate - Palheiro Golf course and restaurant, Casa Velha do Palheiro hotel, Palheiro Spa, The Palheiro Gardens

Villa plots are sold subject to building regulations defining such matters as construction density, height, regulations of use, etc. A copy of the Building & Operating Regulations can be obtained from ImoPalheiro Lda.

Design & construction - ImoPalheiro Lda. can provide information on the design, planning approval and construction process, and is able to introduce the Purchaser to experienced firms of Architects & Project Managers

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: P24) 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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