Property details
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District
Ilha da Madeira -
County
Funchal -
Locality
São Martinho
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Area
680 m²
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Price
3.600.000 € -
Energy Rating
C
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Property code
F410
Description
5-storey commercial building, complemented by a stunning roof terrace, now available for sale.
Located in a highly sought-after tourist area, this property promises not only to be a property, but an extremely lucrative venture for the savvy investor.
Location: In the heart of Funchal's hotel zone.
Structure: 5 floors + roof terrace.
Roof Terrace: Offers breathtaking panoramic views, ideal for relaxing or developing additional amenities.
Modern snack bar on the ground floor
Spacious restaurant with inviting outdoor area, perfect for serving residents and passers-by.
First to Fourth Floor: 24 carefully designed rooms, exuding comfort and style.
Reception: Area that provides a warm and professional welcome, ensuring a pleasant experience for all guests.
Pool: Includes a water heater, offering a refreshing oasis in the middle of the urban landscape.
Amenities: Laundry and office space, intelligently integrated to improve operational efficiency.
Freehold urban building with a licence for Local Accommodation (LA).
This property is a unique opportunity to acquire a prestigious property in the centre of one of Funchal's busiest tourist areas, combining luxury, comfort and high income potential.
The restaurant on the ground floor is currently rented out for 4,500 + VAT.
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