Azulara
Location: Funchal, Madeira, Portugal
Price: £211,000
Property Reference: Azulara
Property Information
5* Madeira apartments
Buy from just €12,437
Net yields of 9.7%
Only 5% deposit required
Nothing else to pay until completion
An exclusive deal at the 5* Azulara Resort on the beautiful island of Madeira. Portuguese government statistics have shown that last year saw an average occupancy rate of 91% in 5* resorts on the island. With 70% of the island’s land protected from development or unsuitable for real estate, Madeira is safe from overcrowding and congestion and makes Azulara Resort an excellent investment. The project has high rental returns and clients can purchase these top quality apartments with as little as €12,437.
The island of Madeira is an autonomous region of Portugal which enjoys year-round average minimum temperatures of 17 degrees. This makes it an excellent location to be visited throughout the year and the position of the island makes it easily accessible with flight times of three hours or less from numerous mainland European countries. The Azulara Resort is situated a few kilometres outside of the centre of Funchal and only a twenty minute drive from the island’s airport. Fine wine and dining are available on site and the seafood cuisine across the island is to an excellent standard thanks to the abundance of fish in the clear local waters. There are also several world class golf courses on the island with the Palheiro course offering stunning views of Funchal Bay. With two more courses currently in development and the challenges of 27 holes and clifftop fairways, Madeira is a golfer’s dream destination.
The properties inclusive to this deal are spectacular one, two and three bedroom apartments. Each comes with an ensuite bathroom and the two and three beds also come with their own private veranda. The development itself has been expertly sculpted into the surrounding landscape with the apartments designed to make maximum use of natural light. The position of the resort allows the inhabitant exquisite 180 degree sea views from Funchal Bay to Camara Do Lobos. The apartments come with full air-conditioning, underground parking spaces, excellent management services and security systems.