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Property for sale information

 
PARADISUS  
Reference nr: SC02557
Description:

PARADISUS: Caniço de Baixo, Madeira Island. Luxury private apartments. 1, 2 and 3 bedroom designs with magnificent ocean views.

PARADISUS “Living in perfect harmony with nature”

Bioclamatic architecture in Paradise…

The Paradisus development comprises of 80 one, two and three bedroom apartments and penthouses, with unit sizes from 94m² to 190m².

Madeira has long been a favourite holiday destination for Northern Europeans seeking an alternative to bleak winters and frenzied lifestyles.

Recent increase in low-cost direct flights has further contributed to making Madeira the ideal location for a second home. It is close enough for weekend breaks but a far cry from Northern temperatures.

Designed in the style of apartment buildings of the French Riviera, Paradisus offers stylish and spacious living areas fitted to the highest standard, each with terrace and most with sea views.

A Swimming pool and sun deck will be on-site for the exclusive use of residents and their guests.

More information:

A gated development…
The development is accessed via a main remote controlled gate, and the entire development is “walled in” to ensure privacy and security. This means that when you enter Paradisus, you are in your own corner of heaven, surrounded only by like-minded neighbours and/or guests.

A video porter system will allow you to screen your visitors before buzzing them in.
The parking levels also have remote controlled gates.

Guest Parking…
While all owners will have private garage parking, provision has been made for guest parking, both within and outside the gate.
The former will only have access if allowed to enter by one of the owners, while the outer parking is ideal for services, deliveries, etc…

Block A … is designed in a “stepped” configuration against the back of the site, blending harmoniously and providing better views and privacy. The 60 apartments include 1, 2 and 3 bed units, plus the popular 2 bed +1, which is a 2 bed plus extra suite.

Ground floor units have private gardens and a basement garage provides reserved private parking.
All verandas are unusually wide to allow for outdoor enjoyment.

Block B… … is a small compack block comprising of 20 units, including 1 and 2 bed apartments.

The modern design, with only 3 levels, ensures that it blends well with the development and does not interrupt the views from Block A.

A basement garage provides reserved private parking.
All verandas are unusually wide to allow for outdoor enjoyment.

Private Pool ...Paradise would just not be complete without a swimming pool and sunbathing area.

With the fantastic climate that Madeira enjoys all year round, this is a must. The pool is positioned to enjoy sun all day long, as well as good views.

The best part is… you don´t have to clean it. The condominium services will take care of that.

Dive in…

Bedrooms: Bathrooms: Price (€):
1 1 137,000
2 2 238,000
3 1 308,000
Features:
City
Submission Date:
05-15-2008
Last Update:
10-09-2009
Advertiser Details:


Name:
Pedro Silva

Company:
Futurmade Overseas Real Estate

Phone:
351 291 22 12 48
Fax:
351 291 23 13 50
Mobile:
351 963 04 26 36

 
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Calculators

 
Property price: €137,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations