Canico, Madeira, Portugal

House T6 n Garajau - A Versatile Investment Opportunity

6 Bedrooms (can be converted to a T9)
10 Bathrooms
More than 8 parking spaces
300 m² of Useful Area
350 m² of Gross Area
Energy Rating: E

It's not just a house, it's an investment!

We present a unique and versatile property, perfect for investors looking for high profitability and multiple possibilities of use. Located in the prestigious Garajau, this house combines the charm of modern architecture with excellent income potential.

With 4 existing independent apartments and the possibility of creating a fifth, this property is ideal for those looking to enter or expand into the vacation rental market. Three apartments are currently rented, generating passive income that covers the costs of the property. Furthermore, there is the possibility of converting all spaces into apartments, if you do not want to live on site.

Privileged Location

Located in one of the most sought after areas of Madeira, the property offers quick access to essential services such as supermarkets, pharmacies, restaurants, and cafes. Furthermore, it is strategically positioned with easy access to the expressway, bus stops and iconic attractions such as Cristo Rei. This strategic location guarantees a high occupancy rate for tourists and visitors seeking comfort and authenticity.

Distinctive Features

Detached house with sea views from all apartments
636 m² of total land area
10 Bathrooms
4 Kitchenettes and a main kitchen
Balconies with views of the sea and protected green area
2 Garages (one with capacity for 1 vehicle and the other for 4 vehicles), in addition to 3 external spaces.
Indoor swimming pool (under construction)
Gym
2 Offices and a wardrobe space, with the possibility of conversion into additional bedrooms.
Potential for installing an elevator, connecting the garage to the top floor.

Ready for Immediate Income

The property is sold fully furnished and includes an operational website, allowing the new owner to start generating income from day one.

Important Note

The current sales price reflects the current condition of the property. As renovations on the ground floor progress, the value will be adjusted. This is the ideal opportunity to acquire the property at a more competitive price, completing the works according to your preferences and budget.

A Property with Unparalleled Potential

This is your opportunity to acquire heritage in one of the most valued regions of Madeira.

Schedule your visit right now and discover how this house can transform your future as a vacation rental!

Get in touch for more information. Opportunities like this are rare!

Ref. C0216-03061