Description
Prime location in the centre of Funchal, offering immediate access to services, shops and main tourist attractions of the city.
The property consists of two one-bedroom apartments and one store, providing versatility and diverse income opportunities.
Both apartments represent an excellent option for short-term rental, combining comfort, brightness and a location that attracts both tourists and residents.
The commercial store is ideal for multiple types of businesses, benefiting from strong pedestrian flow and constant visibility in central Funchal.
The estimated price per apartment or per store is approximately €167,000, offering a solid and profitable investment opportunity.
This is a property that ensures continuous profitability, with a clear perspective of long-term market value appreciation.
The renovation project has already been designed with an investment of around €7,500, giving the buyer a clear and transparent development perspective.
Located in an ARU area, the property benefits from attractive tax incentives, including reductions in IMT, IMI and VAT, enhancing the financial performance of the investment.
The project has been submitted to the city council and approval is expected around November 17-18, 2025, confirming the project’s advanced stage.
The total land area is 75.66 m², identical to the building footprint, with a gross private area of 226.98 m², ensuring optimal space distribution.
The property holds an energy certificate rated C, indicating good energy efficiency and balanced consumption.
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If you are a real estate consultant, do not hesitate to contact us for a 50%-50% partnership.
Sousa
967 924 403
D31 AMI 23602
