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 is a truly stunning resort.
This ownership is for a Studio deluxe apartment which can sleep 2 people.
As this ownership is Floating/Flexible weeks you can book anytime period you wish each year. This makes it a super way to enjoy the holiday at your home away from home apartment at a time that suits you each year. You can use as many weeks from your total allowance at one time or over the course of the year or for your annual holiday week. Please make contact and we will explain this in full for you.
The ownership has a deeded fixed inventory week number and apartmen number, 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. This means you can use up your weeks as multiple weeks each year or as one week each year. The choice is yours. We can provide the deeded apartment and week number for this ownership when you make your initial enquiry.
The current owner is motivated to sell and would welcome sensible and reasonable offers.
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 currently €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 expiry date of the ownership is the 31/12/2039.
The ownership currently has 29 weeks remaining which is 27 weeks + 2 deposited weeks.
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. There is an additional cost for this service throug Interval International and we can supply this information on request.
Please contact our offices to discuss this Savoy Palace ownership. Please quote reference CAT7688.