Madeira, Funchal, Portugal

If you have been looking for a building in Funchal with the versatility to develop a local accommodation project, residential apartments or even a small hostel, this is an opportunity that deserves your attention. Located in Santa Luzia (next to the Santa Luzia Park), this property stands out for its strategic location in an area with all services, shops and transport nearby. The street where it is located is being enhanced by new renovation projects, including a luxury development to be developed by a prestigious construction company. Main features of the property:

• Central and privileged location

• Located in the ARU (Urban Rehabilitation Area) zone of the municipality of Funchal, with incentives and tax benefits for rehabilitation projects

• Complete building with potential for up to five local accommodation units

• It is in very good general condition, with no structural problems

• It has a private rear patio, with direct access from one of the units

• It currently has a leased commercial space

• Total land area: 146 m²
• Implementation area: 126 m²
• Gross construction area: 378 m²
• Private gross area: 252 m²

Considering the scarcity of properties with these characteristics in the center of Funchal, this building represents an excellent investment opportunity, with high potential for appreciation.

Note: The property does not have a habitation license and should be sold under the Simplex program.

Location:

A building with this profile deserves to be seen calmly. Shall we schedule a visit?