5+1 bedroom HOUSE located in FUNCHAL FOR SALE.
Property with 2 floors.
Built in 1931
Close to: public services
Weather – (Normal Temperatures) warm summers and mild winters
Dec - May Between 16º C and 17ºC
June – November Between 19ºC and 20ºC
Restored mansion with one of the best definitive views on the bay, the sea and the city of Funchal.
Inserted in a plot of 1000 square meters, in a very quiet area of farms, mansions and villas, 3 minutes from the center of Funchal (by car), is ideal either as a single family dwelling (T5 + 1
As a consequence of the division by floorsT2 + T3 + 1 -Penthouse can be made for 'local tourism'. At the back of the house, with independent entrance, you can rebuild a 2 bedroom apartment on a plot of more than 300 square meters and a pool that may or may not remain integrated into the house. Located just above the Escola da Levada it is very well served by public transportation and has quick access to the highway.
FUNCHAL is known as EUROPE´S most picturesque and cleanest capital. It is a modern, cosmopolitan, rejuvenated city, well known for its WARM CLIMATE , top class restaurants, stunning new 4 & 5 star and warm all year round climate and of course its most famous export, world class footballer CRISTIANO RONALDO.
'BY APPOINTMENT ONLY
For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages that Madeira Island has to offer:
• Security, Madeira is virtually crime free and one of the safest holiday destinations in the world!
• Sub-tropical climate - warm & pleasant year round.
• Natural beauty - lush & colourful, known as the ''Garden or Pearl 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.
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