We kindly present these 2 buildings located in the heart of Funchal, an unmissable opportunity for those looking for an investment with excellent profitability potential.
If you are looking for a building with versatility to develop a Holiday Rental project, Residential Apartments or even a Boutique Hotel or Hostel, this is an opportunity you do not want to miss.
Located on Rua das Mercês and Rua da Saúde, both buildings total 321 sq of land and a gross private area of 506 sq.
In total, around 1350sq could be built.
It also has a 350 sq basement, including a commercial space for a restaurant with direct access to the road.
Both buildings have a road frontage.
The property requires reconstruction work, which allows for enormous potential for appreciation, allowing the spaces to be fully customized according to the project in mind.
The location is one of its greatest assets - close to multiple services, shops, transport and points of interest in the city, offering convenience and accessibility.
Constructive potential of:
- 16 1-bedroom apartments or 8 2-bedroom apartments
- 3-bedroom penthouse on a set-back floor
For greater ease in identifying this property, quote the corresponding KWPT-034740 reference.
Contact us for more information or to schedule a visit.
Your next investment in Madeira island, is waiting for you.
#ref:KWPT-034740
- Areas
- Net Area:235.00m2
- Gross Area:506.00m2
- Land Area:321.00m2
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