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Key information Make an enquiry

€ 225,000 £ 201,247 $ 242,240

Reference PP173219

Funchal, Madeira

Commercial

1 Bedrooms

Built in: 1988

70m2 Build size

€ 3,214 £ 2,874 $ 3,460 / m2 build

One Bedroom Service Apartment In The City Centre

€ 225,000 £ 201,247 $ 242,240

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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 £ 2,874 $ 3,460 / 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 £ 2,874 $ 3,460 / m2 build

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Taxes and Expense : € 0.00
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Your monthly payments : € 0.00

The location: 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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Want to know more about this property?

Speak to anyone in our team and we will be happy to help.
Send your enquiry through now.

Yours sincerely,
Michael Vincent

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