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Property Listing Details

Features

  • 3 bedrooms
  • Reference: 332c
  • Total area: 0m2
  • Useful area: 0m2
  • Plot area: 0m2
  • Garage

Description

Magnificent block of apartments in construction phase in the Old Town, Santa Maria Maior.
To be completed in August 2018
It is sold Freehold.
The one bedroom apartments have over 70m2 and two parking spaces
The two bedroom apartments have over 101m2 and two parking spaces - prices start at 260 000€
The three bedroom apartments have over 138m2 and some with 194m2 and have three parking spaces - prices start at 360 000.
Minutes from the centre of Funchal.
It is close to public services, supermarket, airport, hospital
It is 10 minutes from the centre of Funchal.
It is mainly a residential area surrounded only by houses.
It has magnificent views to the ocean and bay of Funchal.
Swimming pool and garden.
Finishings include top quality oak wood floors for the bedrooms, lounge and halls. Cermaic tiles for the balconies. White lacquered wooden closets in the bedrooms. Fully equipped kitchen with Bosch and Siemens appliances. Brum bathroom fittings.
Weather – (Normal Temperatures) warm summers and mild winters
Dec - May Between 16º C and 17ºC
June – November Between 19ºC and 20ºC
By appointment only

Today, Santa Maria Maior has relevant hotel units and a much diversified catering offer. In fact, you can find restaurants offering you the typical food of the region as well as those offering international gastronomy.
In addition, Santa Maria Maior has a few museums you can visit, such as the Electricity Museum. The place where formerly football was played, called Campo Almirante Reis, has been transformed in a garden and is now an arrival and departure point of Monte cable car.
An opportunity to acquire a development site within the historic area of Santa Maria Maior, rich with history and yet modern in vibe
Mortgages - Non Residents
The Bank will verify if the applicant is in a financial position to be able to meet the conditions of the loan which will be based on ''affordability''.
If an applicant is self-employed, an application must be accompanied by audited accounts for the previous three years together with the current year's management or unaudited accounts, satisfactorily certified by an accountant acceptable to the Bank, together with three years tax returns.
The Bank will usually consider lending up to 65% of the valuation of the property, or purchase price whichever is lower.
Security
The security will be either a mortgage over the property or if the property is owned by a company (which the Bank requires to be managed by a specialist management company from it's approved list) the Bank will require a charge over the shares of the company along with a mortgage registered on the property. The Bank will recommend an assignment over a suitable life policy.
It will also be a condition of the loan that the property is insured for it's full replacement value and the Bank's interest noted thereon.
Valuation of property
Approval of any loan application will depend upon the Bank's valuers providing a favourable report on the property, the cost of which will be borne by the applicant.
Procedure
Once an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank's lawyers with all legal fees to be borne by the applicant.
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.
Energy Rating: Exempt
#ref:332c

Rooms
Bathroom (s): 2
Total bedroom(s): 3
Surroundings
Highway
City Center
School
Green areas
Pharmacy
Supermarket
Police
Public Transports
Infrastructures
Garage

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Please note the map locations for this listing are approximate.

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Property descriptions and related information displayed on this page are marketing materials provided by Prime Properties Madeira. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Prime Properties Madeira for full details and further information.