Business Opportunity for Sale on Madeira – €960,000

Estreito da Calheta, Madeira Island

Key Features

  • 5 Houses (1 Main House + 4 Holiday Cottages)
  • Up & Running Holiday Rental Business
  • Swimming Pool
  • Ocean View
  • Quiet Neighbourhood
  • Wifi – High Speed Fibre Optic

Main Features

“PROPERTY SUMMARY

This charming project consists of a 3-bedroom house with pool and four 1-bedroom holiday cottages, all in “Country-style”, situated in the village of Estreito da Calheta, about 300 metres above sea level, on the south-west coast of the Island of Madeira. Built in 2007. The property is blessed with an ideal location, in a peaceful and quiet valley, with no through traffic and a lovely view where the land slopes down to the Atlantic Ocean. This stretch of coastline is famous for having the best climate and sun exposure on the Island. The village of Calheta has, one of the only two, golden beaches of the island.

MAIN HOUSE”

The house has 2 floors.

The ground floor has a large living/dining area and a WC. A semi open kitchen with a pantry.    In front of the house is a large sunny terrace which has a roof of 3 metres deep and covers the full width of the house. Underneath it is an out-door dining- and living area, which is well protected and can be used all year round. On the side of the house, connecting to the living area, is a pool, size 4 X 8 metres.

The first floor has a master bedroom with en-suite bathroom, walk-in wardrobe, 2 bedrooms with a family bathroom all connected by a corridor at the rear of the house. All bedrooms are facing South-West and have sea view. Each bedroom has double glass doors opening to the terrace, covering the full width of the house.

All rooms, on both floors, are facing South-West and have a spectacular sea view. The bathrooms are situated at the rear of the house.

“THE COTTAGES”

Four Holiday Cottages each with one bedroom.
They are built in front and below the main house. In this case all 5 houses keep a wonderful sea view. They offer privacy and quietness with lovely gardens in between them. 

On the ground floor the cottages have a spacious and comfortable living, dining and kitchen area with a wood stove. In the separate bedroom there is an en-suite bathroom. The mezzanine can be reached by open steps. It offers a lovely space for a third and fourth person. The cottages have private terraces and gardens. There is private parking for each cottage.

RENTAL BUSINESS” – Madeira Wine Cottages

The 5 houses have been legally separated and can be sold separately. All cottages have an AL licence. “Alojamento Local” (registered tourist accommodation)

The cottages are offered as a turnkey business opportunity with a recent occupancy rate of 76%. Also, the main house, with pool, can be rented out for much enhanced rental income.

This includes rights to the trading name, AL registrations, client database, which includes 38% returning clients, Goodwill and fully furnished cottages.

It is widely anticipated that people, in post corona-times, will prefer to rent private accommodation over hotels, for their personal health and safety. Thus, the recovery of this sector will rise faster than hotels.

Golden Visa in Portugal

Golden Visa in Portugal is a governmental program that grants investors Portugal’s citizenship for an investment in the country upward of €500,000.

A Golden Visa property can be used as a primary home, kept empty, or used as a holiday home and rented out short-, medium- or long-term.

The reason behind property investment on Madeira is the profitability of the purchased real estate fuelled by the rise of tourism, due to a beautiful nature, pleasant climate and a very low crime rate. 
For more information go to
https://getgoldenvisa.com/portugal-golden-visa-program-2020

Map

Floor Plans

Contact Details

Owner: Madeleine Pessers
Phone: +315 919916621
Email: info@madeirawinecottages.com

You can also check our Websitewww.madeirawinecottages.com
and social media pages for more info & pictures https://www.instagram.com/madeirawinecottages/

Madeira Wine Cottages