Building for sale in Funchal, Portugal

Service building in the center of Funchal with huge investment potential.Taking into account its characteristics and location, it can be adapted for small hotel, hostel, residential or tourist apartments.In need of Rehabilitation, it is located in the Urban Rehabilitation Area (ARU) of the city of Funchal, and can enjoy the tax benefits of this program.Property consisting of 4 floors:Floor 0 A room, 2 bathrooms, storage.1st Floor Five rooms, 5 private bathrooms and a shared bathroom2nd Floor Seven rooms, 4 private bathrooms3rd floor composed of a terrace with 45m2, 4 rooms and 2 bathrooms.This building may have a constructive expansion capacity of one and a half floors, following the framework of the adjoining buildings.Great investment opportunity. Possibility of renting at 5,000 per month (use license nº43/2002 issued by the Municipality of Funchal).For more information and to schedule a visit, contact us."The Property does not have a Technical Data Sheet, so it is not possible to communicate its useful area."