São Martinho, Funchal, Madeira 8 bed Commercial / Business in São Martinho, Funchal, Madeira

€1,600,000
Ref: Ref HOT_1143

Agent


São Martinho, Funchal, Madeira 8 bed Commercial / Business in São Martinho, Funchal, Madeira

€1,600,000
Ref: Ref HOT_1143
  • Bedrooms 8
  • Bathrooms 10
  • Living Area 825 m²
  • Plot Area 695 m²
  • Type Commercial / Business
  • Energy Class n.a.
Having opened in 2000 the hotel has been open and running successful for a number of years.

The family-run hotel, is located in the outskirts of Funchal,about 10 minutes from the centre of Funchal, and offers 8 self-catering studios, all with ocean views and featuring a seating area with a cable TV and a private bathroom.
Each apartment has a tv and a fully equipped kitchen fitted with a stove, a refrigerator, a microwave, a kettle and a coffee machine.

Close to restaurants, bus stops, supermarkets .

Property includes solar panels, reservoir with 1000l of hot water, reservoir with 20 000l drinking water, 2 garages for 3 + 2 vehicles, Maid's room with bathroom, dining room, winter garden, about 150m2 of arable land, reception area, 1 W C for men, 1 W C for women,

We have a selection of different properties available to fit all your requirements so call us to enquire further and obtain more information.

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, registration 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 affected 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 Residents Regime - offering fiscal advantages particularly to non-Portuguese retirees taking up residence in Portugal

ABOUT PRIME PROPERTIES MADEIRA REAL ESTATE
Discover the perfect home for you in Madeira, Portugal today!
Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency.
We provide excellent after sales service.

Our services at Prime Properties Madeira are free of charge to you and do not incur any mark-ups on the property price or agent commission. - REF: Ref HOT_1143



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