Share in 4-star boutique hotel in Madeira
Portugal, Funchal
ID PRT263665
Object sold
Share in 4-star boutique hotel in Madeira
€350,000
Portugal, Funchal
ID PRT263665
Cost
| Property cost | €350,000 |
| Purchase taxes | IMT-7%; IMI 0,3-0,8% |
| State fees | 0,8% |
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Distances
Ocean 100 m
Airport 18 km
Infrastructure 100 m
Yield and management
| Yield | 3% |
| Property management | Yes |
Description
The project is presented by a 4-star boutique hotel, which is located near the picturesque historical center of Funchal (Madeira Island). Nearby is all the necessary infrastructure, traditional restaurants, beaches, parks. There are many forests and favorable ecological conditions. This area is commercial and tourist.
This building will be renovated. The hotel will consist of 78 comfortable rooms with magnificent views of the garden, pool, ocean and picturesque landscapes.
Main characteristics:
- Share value: €350,000
- Number of rooms: 78
- Number of investors: 120
- Yield 3% per year
- Under the management of an international brand
- 7 days free stay per year in any developer’s hotel in Portugal
- Guaranteed buyback option
- IMT is paid by the developer
Project advantages:
- modern architecture/design
- high quality materials
- availability of bars & restaurants (including a rooftop bar)
- luxurious lobby
- panoramic view of the city and the ocean
- Madeira island lifestyle
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Real estate
| Object type | Hotel complex, Share |
| Object category | Renovation |
| Object stage | Construction |
| Permits | On hand |
| Object completion date | Q3 2025 |
| Design features | Share |
| Possibility of stay | 7 days per year in any developer's hotel in Portugal |
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Characteristics
| Number of storeys | 6 |
| Repair | Standard |
| View | ocean, city, pool, garden, road |
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Equipment
Central conditioning
Properties
Elevator
Balcony
Garden on the plot
Terrace
Internet
TV
Restaurant
Location
Object sold
€350,000
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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