This urban property, with a total area of 2,100 m², offers a unique opportunity for both investors and the development of local accommodation projects. With three fronts for public roads, the building has a gross construction area of 3,556 m², of which 70% is intended for residential use and 30% for commercial or service spaces.
Located in the heart of Funchal, this property stands out for its versatility and potential. Its privileged and central location makes it possible to carry out various projects, such as the construction of a senior residence, a service center, or small apartments of type T0 and T1. These are ideal for young families or people in retirement, in addition to meeting the growing demand for local accommodation, a sector in full expansion and which ensures a secure annual profitability.
Although the property requires construction work, this intervention provides the opportunity to customize and maximize its value. With the possibility of requalification, there is also the opportunity to expand the parking lot on two underground floors, adding even more convenience and value to the project.
The building, despite being located in a quiet area, offers proximity to all essential day-to-day services. Another highlight is the charming chapel inside the property, an element that gives a unique and attractive character to residents and tourists, adding value to the space and increasing the possibilities of use for tourism or commercial purposes.
With a huge potential for different areas of services and housing, this is a property with rare characteristics in the real estate market. Don't miss this investment opportunity and schedule your visit now

- REF: 006570