Share in a 4-star hotel under management of a well-known global brand
Modern villa with panoramic ocean views in Madeira
|Selling price||4 100 000 €|
|Cost m²||4 784 €|
|Purchase taxes||IMT - 6%; IMI - 0,3-0,8%|
Profitability and management
|Real estate yield (year)||3 - 5%|
|Property management||By agreement|
Assistance in the sale of the object upon exiting the investment!
For sale is a three-storey house built on a plot of 1163 sqm in Sant Martinho, an area by the ocean with winding paths along the coast and the church of St. Martin on top of a hill with panoramic views. There are many hotels and open-air seafood restaurants near the Formosa beach, and luxurious cafes and cocktail bars near the port of Funchal. Also in this area is Fort St. Joseph – an ancient trading post and a naval fortress, which, according to legend, was visited by Christopher Columbus. It also houses the CR7 Museum, dedicated to the area’s famous football player Cristiano Ronaldo.
The villa has fantastic ocean and city views. The tranquility and silence of this place is also one of its main advantages. The house consists of 3 floors. On the ground floor there is a play area, 2 storage rooms, a maid’s room, a wine cellar, a technical communication area, a technical pool and irrigation area. On the ground floor are the main room (53 sqm), kitchen, pantry, laundry room, bedroom with ensuite bathroom, toilet, outdoor room (70 sqm), technical area (water, air conditioning, panels), swimming pool and another toilet, as well as a jacuzzi. The second floor consists of the main entrance, hall, office, room, 3 bedrooms and a full length balcony.
The property is eligible for the €500,000 option.
home automation control system
Central air conditioning system
Aged oak parquet with air gap (except bathrooms)
Solar system for sanitary water with overflow outlet to the pool
Indoor heated pool with panels + heat pump
– Less than 5 minutes by car to restaurants;
– Less than 10 minutes by car to supermarkets, pharmacies and other services;
– Less than 10 minutes by car to schools;
– 10-15 minutes walk to the beach;
– 10-15 minutes by car to the Shopping Center;
– 10 minutes by car to hospitals and clinics;
– 15 minutes by car to Funchal marina;
– 20 minutes by car to Madeira Airport.
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