Description
Building for rehabilitation, with 1,333 sq m of gross construction area, set on a plot of land of 1,117 sq m, located in the historic area of Funchal, in Sao Pedro, Madeira.
Known for having housed the former Merces School, with an imposing structure and unique architectural charm, this three-storey building offers enormous potential for various types of investment. Ideal for conversion into a boutique hotel, luxury housing, commercial spaces or services. It stands out for its great versatility, and is located in an ARU zone, where it is possible to benefit from various advantages.
This is a building with history and identity, ready to be rehabilitated. Excellent investment opportunity.
The central location allows for city living and dynamism with walking access to all services, restaurants, schools, traditional commerce, marina and gardens, balancing sustainability, safety and the quality of life characteristic of Funchal, in the natural and safe paradise that is Madeira.
It is 20 minutes from Madeira International Airport, 1.5 hours from Lisbon, with 13 daily flights and 4 daily flights (2 hours) to Porto. With regular flights to 60 airports in 23 countries.
Energy Rating: Exempt
