Funchal, 19 Units

Location: Rua dos Ferreiros 202-204, 9000-082 Funchal

Price: From €175,000 to €450,000

Purpose: Residential

Type of property: Full ownership property (Freehold)

Eligible for GV (Golden Visa): 350GV

Estimated completion date: March 2025

Estimated start of performance: March 2026

Expected annual return: 3% guaranteed OR Flexible rental for 5 years

Payment terms: 25% in 30 days, 20% in 60 days, 55% in 90 days

Costs: Amount of IMT (Municipal Tax on Onerous Transfers of Real Estate): 6.5%, Stamp Duty: 0.8%, VAT: 6%

Units/Rooms available/remaining: 19 units

Google Maps Link: https://goo.gl/maps/JogaF9sWsXHtR5vV9

Project

Funchal I is located in the city of Funchal, the capital of the Madeira Islands, just fifteen minutes from Madeira International Airport, which offers daily flights from many European cities. The project offers a unique life experience, in the heart of the city, surrounded by ancient museums, cultural centers, old churches, wine cellars, trendy restaurants, hotels, schools, and services such as medical clinics, pharmacies, retail stores, and many more. others.

Within the city, daily life can easily be carried out on foot, as the main port, marina and other key locations can be easily reached within a short distance. From buying the freshest fruits and vegetables in the main local market to enjoying lunch with a stunning view of the yachts and cruise ships that constantly pass Madeira in the marina, culminating in a stunning sunset on the eastern side.

The parish of Sé has a high value in terms of profitability due to its proximity to companies, schools and other places. The main aspects of the architectural project of Funchal I are the traces of the aristocracy that it displays, dating from the beginning of the 20th century. These allowed the leading architects to take advantage of the existing heritage traces, where in their redesign an extraordinary amount of natural light was maintained in all the floors and apartments.

Funchal I is projected as a private condominium, with a small garden in the front area, and offers 19 spacious apartments, mainly studios and one-bedroom apartments with private terraces or balconies, all completely renovated with an open kitchen and living room concept. , suites, bathroom and bedroom.

Funchal offers the highest value to buy a property in the Islands, given its high demand and abundance of services.

Contact us to check availability!