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5 Bed Property for sale

Funchal Ridge, Lagos, Algarve, Portugal

£1,159,893 *  [€1,350,000]

5 Bed Property for sale

Funchal Ridge, Lagos, Algarve, Portugal

£1,159,893 *  [€1,350,000]

Property Details


  • Bedrooms: 5
  • Bathrooms: 3
  • Emissions: G
  • Consumption: C
  • Habitable space: 1062 m2

Features


  • Porch
  • Residencial

Full Description


An excellent historic property consisting of two buildings and land, with a total area of 1,062 m2, situated in a prime location in Santa Luzia, Funchal, benefiting from excellent access and proximity to all essential services, shops, schools, public transportation, and major thoroughfares.. . The property consists of two buildings of high heritage value, one dating from the 17th/18th century and the other from the 19th century, both featuring characteristics of special historical and architectural interest, representing an excellent opportunity for renovation projects, tourism investment, local lodging, a boutique hotel.... . The properties are completely vacant and in a state of disrepair; they are currently uninhabitable and require comprehensive restoration and renovation work. This condition allows the future owner to develop the project according to their needs and vision, capitalizing on the complex’s enormous potential.. . Behind the buildings, there is also a large plot of land—a rare asset in such a central location—offering additional space for gardens, recreational areas, or other features compatible with the project to be developed.. . Key here . Total lot area: 1,062 m2. 2 historic buildings (17th, 18th, and 19th centuries). Central location in Santa Luzia, Funchal. Excellent exposure and access. Close to all services and amenities. Vacant properties. Deteriorated condition. Requires complete restoration. Rear lot with high potential. No garage. Easy public parking near the property. . A unique opportunity to acquire two historic buildings with land in a prime location in Funchal. The high potential for renovation and appreciation makes this property an excellent option for investment, residential use, or a tourism project.. . For more information or to schedule a visit, please contact us.
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This property listing (ref: 030/13059) is an advertisement supplied by Urban-a and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
*Based on an exchange rate of 0.8592 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.