This building under reconstruction is located in the prestigious Santa Luzia area of Funchal, offering a privileged location and magnificent views over the bay of Funchal. With excellent sun exposure facing south, this building is a unique opportunity for both residential investment.
Building composition:
3-bedroom flat: A spacious three-bedroom flat, ideal for families.
4-bedroom flat: A spacious four-bedroom flat, perfect for a larger family or to be used as a luxury living space.
2 Studio T0 Apartments: Two versatile studios that can be used for local accommodation or as individual flats for rent.
Features:
Four Kitchens: Each unit has its own equipped kitchen, providing independence and convenience for residents or guests.
Sun exposure: Facing south, the building enjoys excellent sunlight throughout the day, which is a great attraction for locals and holidaymakers alike.
Panoramic View: The view over the bay of Funchal is stunning and highly valued, making the flats even more attractive to potential tenants or guests.
Parking: There is no garage or private car park, which should be considered by potential buyers or investors.
Ideal location: The proximity to the centre of Funchal and its amenities makes this building an excellent choice for those looking to invest in local accommodation or long-term rentals.
This building is perfect for those wishing to establish a successful business in Funchal, taking advantage of the privileged location and the high demand for accommodation in the area. With reconstruction underway, there is also the opportunity to personalise the finishes and maximise the return on investment.
