Building to rehabilitate in downtown Funchal, is located in Rua da Alfândega near the Regional Legislative Assembly. It is an old urban manor from the early 19th century within the Funchalian tradition.
It consists of four floors and a tower at the top of the building, with a total area of 1158.00 m2, allowing the construction of another floor with a sublime view over the amphitheater of Funchal.
The building has a huge potential for investment, enabling a wide range of business possibilities, given its characteristics and location, allows the transformation into a small hotel unit, hostel, tourist apartments, offices, etc...
It is located within an Urban Rehabilitation Area (ARU) of the city of Funchal, being able to enjoy, in this way, all existing incentives for this program.
If you are looking for a property with these characteristics or if you are a real estate consultant, do not hesitate to contact me, KW Área Madeira is proud to share business with all real estate companies in the AMI licensed market in a 50%-50% system.