The apartment. is located at the parish of Santa Maria Maior, and town of Funchal.
It is sold Freehold.
It has 3 bedrooms and 3 bathrooms. The block has only 10 apartments.
It was built in2004 and has 175m2. And low altitude.(65m)
Two parking spaces in a closed garage.
It has wood flooring, plenty natural light, intercommunicator, electric gates
It is close to public services, supermarket, hospital, buses and public transport
It is in good condition.
The price is 205 000€ and is negotiable.
The Condominium Fee is below 65€ per month.
The shared areas are halls, parking space, and garden
It has views to the ocean.
Weather – (Normal Temperatures) warm summers and mild winters
Dec - May Between 16º C and 17ºC
June – November Between 19ºC and 20ºC
BY APPOINTMENT ONLY
The civil parish of Santa Maria Maior was the birth place of the city of Funchal. Santa Maria Maior is rich with the history of Madeira.
Rua de Santa Maria, the oldest street on Madeira Island, is located in this civil parish.
The civil parish of Santa Maria Maior was established in 1577.
Today, Santa Maria Maior has relevant hotel units and a much diversified catering offer. In fact, you can find restaurants offering you the typical food of the region as well as those offering international gastronomy.
In addition, Santa Maria Maior has a few museums you can visit, such as the Electricity Museum. The place where formerly football was played, called Campo Almirante Reis, has been transformed in a garden and is now an arrival and departure point of Monte cable car.
An opportunity to acquire a development site within the historic area of Santa Maria Maior, rich with history and yet modern in vibe.
Mortgages - Non Residents
The Bank will verify if the applicant is in a financial position to be able to meet the conditions of the loan which will be based on 'affordability'.
If an applicant is self-employed, an application must be accompanied by audited accounts for the previous three years together with the current year's management or unaudited accounts, satisfactorily certified by an accountant acceptable to the Bank, together with three years tax returns.
The Bank will usually consider lending up to 65% of the valuation of the property, or purchase price whichever is lower.
The security will be either a mortgage over the property or if the property is owned by a company (which the Bank requires to be managed by a specialist management company from it's approved list) the Bank will require a charge over the shares of the company along with a mortgage registered on the property. The Bank will recommend an assignment over a suitable life policy.
It will also be a condition of the loan that the property is insured for it's full replacement value and the Bank's interest noted thereon.
Valuation of property
Approval of any loan application will depend upon the Bank's valuers providing a favourable report on the property, the cost of which will be borne by the applicant.
Once an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank's lawyers with all legal fees to be borne by the applicant.