We are very pleased to be able to offer for private resale this outstanding ownership at the Savoy Palace located in Funchal, Madeira.
This is a brand new complex which has just opened in 2019 and is receiving excellent reviews for the high end construction, design and finish.
This ownership is for a Studio style apartment which can sleep 2 people. The specific deeded apartment number is located on the 12th floor and will be provided when you make your enquiry.
The 12th floor offers outstanding views over the ocean and is an excellent position for your stay at Savoy Palace. There is of course the option to change to other floors if required.
The ownership has a deeded fixed inventory and the week number is 36, however this ownership works as a complete flexible style. This allows you to use your fixed week if required or you can float the week to any other time period and stay for as many weeks as you choose within your contract each year.
As an owner you pay an annual maintenance charge and if you use up more weeks each year you would pay a further management charge. We can explain this in more detail when you make your enquiry. The maintenance for a studio apartment is set at €515.00.
The studio apartment has a king size bed or can be made up with twin beds. There is an open plan sitting area and kitchen area. You have a full bathroom. The apartment benefits from a balcony which includes patio set and loungers. The apartments are finished to a very high standard offering both elegance, modern and stylish home away from home feeling.
The ownership week is 36 which is a week in September each year. You can use this week each year or choose to float the week at any other time period throughout the year. You can also take extra weeks whenever you choose and of course subject to availability.
The expiry date of the ownership is the 31/12/2037.
The ownership currently has 19 weeks remaining.
There are further options to join a timeshare exchange company and bank and deposit as many of your weeks as you choose and then exchange to resorts and destinations across the World.
Please contact our offices to discuss this Savoy Palace ownership. Please quote reference CAT7531.