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One Bedroom Service Apartment In The City Centre

€ 225,000 £ 192,612 $ 240,270

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Key information

Reference: PP173219

Commercial

Funchal, Madeira

1 Bedrooms

1 Bathrooms

Ownership Status: Private

Built in: 1988

70m² Build size

€ 3,214 £ 2,751 $ 3,432 / m² build

A service apartment in the heart of Funchal city, the capital of Madeira Island. Located in front the City Hall and the Court, 2 minutes walking from the Old Town and market, 4 minutes from the marina and 2 minutes from the Cathedral.

If you are looking for a low investment with high return then you found the best deal. Expected return of around 8% per year.

Already with reservations for the following months, it is the ideal apartment for short term rentals.

Generous area, 70m2 in total. The bedroom has 30m2 which is really non common for a T1 apartment used for short term rental.

Great feedback from the clients so far.

Has a one parking space in the building.

Features

Furnished
Parking
Covered dining area
Spacious
Morning sun
Orientation: East
Near bars / restaurants
Near school(s)
Near shops
Near the beach

Energy rating

A+
A
B
B-
C
D
E
F
G

The energy rating shows the energy efficiency of a building on a scale of A to G. The most efficient homes – which should have the lowest fuel bills – are in band A, whereas the most inefficient homes are in band G.

Key information

Reference: PP173219

Commercial

Funchal, Madeira

1 Bedrooms

1 Bathrooms

Ownership Status: Private

Built in: 1988

70m² Build size

€ 3,214 £ 2,751 $ 3,432 / m² build

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Funchal, Madeira

Funchal is the largest city, the municipal seat and the capital of Portugal's Autonomous Region of Madeira, bordered by the Atlantic Ocean. The city has a population of 105,795, making it the sixth largest city in Portugal and has been the capital of Madeira for more than five centuries.

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Yours sincerely,
Hannah Wood

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