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1 100 000 €
1 100 000 €
| Sale price | 1 100 000 € |
| Price per square meter | 4 954 € |
| Floor area | 222 sq.m |
| Floor | 2 |
| Number of storeys | 7 |
| Total number of rooms | 3 |
| Number of bedrooms | 2 |
| Number of bathrooms | 3 |
| Construction phase | New building |
| Date of construction | 2023 |
| Address | Portugal, Funchal |
| Location | at the seaside, within the city |
| to the airport | 20 kilometers |
| to the beach | 300 meters |
| to the historical city center | 100 meters |
| Three-room Apartment | |
| Business expenses | |
|---|---|
| Not included in the price |
| Maintenance | |
|---|---|
| Annual tax | 3 300 € |
| Operating expenses | 1 140 € |
| Total year expenses | 4 440 € |
Introducing SAVOY RESIDENCE INSULAR: a concept of luxury living surrounded by opulence.
Our apartments boast spacious layouts and luxe amenities. Private and infinite communal pools, gardens, sun terraces, and 24/7 concierge service are all part of the investment package.
Residents also have the option to purchase an annual membership for access to services at the 5-star Savoy hotels.
With 49 apartments and 12 commercial spaces, construction is completed, and units are move-in ready.
Located in the historic center of Funchal, opposite the renowned local farmers' market, our complex offers convenience to all tourist attractions, beaches, marinas, and Cristiano Ronaldo International Airport, just 20 minutes away by car.
You can opt for short or long-term rentals, with potential rental yields in Madeira ranging between 4%-6%.
Initially, SAVOY RESIDENCE yields an estimated 3%, growing to 5% within 5 years. Apartment prices are projected to appreciate by 15% annually over 5 years.
These factors ensure buyers in Madeira receive passive rental income and capitalize on capital appreciation upon asset resale. Experience the epitome of luxury living at SAVOY RESIDENCEINSULAR.
