Apartments in a hotel complex on the coast of Madeira Island
Portugal, Funchal
ID PRT209092
Object sold
Apartments in a hotel complex on the coast of Madeira Island
€175,000
35 m² • €5,000 m²
Portugal, Funchal
35 m²
1 bed
1 bathroom
ID PRT209092
Cost
| Property cost | €175,000 |
| Price for m2 | €5,000 |
| Purchase taxes | IMT - 5%; IMI - 0,3-0,8% |
| State fees | 0,8% |
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Distances
Ocean 500m
Airport 20km
Infrastructure 500m
Yield and management
| Yield | 2—5% |
| Property management | Yes |
Description
For sale are apartments in a hotel complex overlooking a beautiful bay in Funchal, the capital of the island of Madeira, in the most prestigious and central tourist location. The beach, Lido natural pools and Funchal city center are within walking distance, while Madeira International Airport is 20 km away.
The hotel complex has a spa, indoor and outdoor pools, sauna, jacuzzi, gym, children’s area, tennis court, games room, 3 restaurants, 3 bars, night club, event room and free Wi-Fi.
The cost of the investment is 350,000€. The price includes 2 hotel rooms at 175,000€ each (renovations included). The group guarantees investors an upfront payment of 5% of the rental income for 5 years, and after 5 years the rent will be guaranteed by the hotel group through a pool system with a guarantee of at least 2%.
The property is eligible for the €350,000 option.
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Real estate
| Object type | Hotel complex, Apartments |
| Object category | New house |
| Object stage | Ready |
| Permits | On hand |
| Design features | Ownership |
| Possibility of stay | no |
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Characteristics
| Total area | 35 m² |
| Number of storeys | 9 |
| Bedrooms | 1 |
| Baths | 1 |
| Parking | Yes |
| Repair | Standard |
| Furniture | Furnished |
| View | ocean, city |
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Equipment
Split system conditioning
Properties
Elevator
Balcony
Public pool
Concierge desk
SPA
Gym
Kids club
Tennis court
Sauna
Garden on the plot
Security
Terrace
Internet
TV
Restaurant
Location
Object sold
€175,000
35 m² • €5,000 m²
Zlata Erlach investmentprograms expert
Portugal Golden Visa
Real estate is eligible for participation in the program and obtaining a residence permit in Portugal.
Immigrant Invest is the official representative of the program.
€250,000+ Investment amount
2-6 months Obtaining period
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