2 Bed Apartment for sale

Camara de Lobos, Madeira, Portugal

£109,726

 [€125,000]

Property Details

  • Bedrooms: 2
  • Bathrooms: 2

Features

  • Eight minutes away from the center of Funchal
  • Stunning panoramic ocean and mountain views
  • Bright, generous and welcoming areas
  • Meticulously maintained
  • Furnishings aren't part of the sale
  • One parking space & a storage room in the garage
  • Possible to extend the accommodation to five-beds

Full Description

This two-bedroom apartment, on the penultimate floor, is just 8 minutes from Funchal, at an warm altitude of 200m, looking down over the historic fishing port where Churchill sat and painted after World War 2. It is oriented south-west, benefiting from uninterrupted views of the sea and Cabo Girão, the highest cliff viewpoint in Europe.

In a quiet and tranquil neighbourhood, this residence has been meticulously maintained and decorated by the current owners.

Basculating glass doors, which give acess to the terrace around the apartment, allow the day light to illuminate the spacious living and dining area.

The kitchen and adjacent laundry room also face south-west.

The two bedrooms are generous in size. Both have fitted wardrobes and one of them has an ensuite bathroom. The second bathroom doubles up as the guest wc.

The property is currently elegantly furnished, although the furniture does not make part of the sale.

The apartment has one indoor parking space and a designated storage room in the underground garage.

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: T2) 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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