Building For Touristic Investment In A Prime Location
€ 3,500,000£ 2,997,395$ 3,776,854
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Ownership Status: Company
Built in: 1973
1,615m2 Build size
€ 2,167£ 1,855$ 2,338
/ m2 build
Welcome to a prime investment opportunity in the heart of one of the most sought-after tourist destinations! Presenting an exquisite 5-floor building with an additional rooftop terrace that is now available for sale. This gem is strategically located in a highly demanded area for tourism, promising not just a property, but a lucrative venture for the savvy investor.
The building boasts a modern and welcoming ambiance, with a meticulously designed exterior that seamlessly integrates into the vibrant surroundings. The rooftop terrace offers breathtaking panoramic views, making it an ideal spot for relaxation or potential additional amenities.
On the ground floor, you'll find a trendy snack bar and a spacious restaurant with an inviting outside area, perfect for catering to both residents and passersby. This layout ensures a seamless flow between indoor and outdoor dining experiences.
The first through fourth floors house 24 thoughtfully designed rooms, each exuding comfort and style. The reception area sets the tone for a warm and professional welcome, ensuring a pleasant experience for all guests. The pool area adds a touch of luxury, offering a refreshing oasis within the urban landscape.
With a total construction area of 1615 square meters, this property is a testament to quality craftsmanship and attention to detail. The renovation, completed at the end of 2023, means that prospective owners can benefit from a turnkey solution, sparing them the hassle of immediate upgrades or repairs.
Practical amenities such as a laundry room and office space have been intelligently integrated, enhancing the operational efficiency of the establishment. Whether you envision this property as a boutique hotel, upscale accommodation, or a versatile hospitality space, its adaptability is a key asset.
Seize this opportunity to acquire a premier property in a thriving tourist hotspot. With its prime location, contemporary design, and comprehensive facilities, this building stands as an enticing prospect for those looking to capitalize on the lucrative tourism industry. Don't miss the chance to make this your next successful venture!
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.
Because of its high cultural and historical value, Funchal is one of Portugal's main tourist attractions. It is also popular as a destination for New Year's Eve and it is the leading Portuguese port on cruise liner dockings.
Funchal has a subtropical Mediterranean climate with even temperatures all year round. The climate can be divided into three main seasons: a warm and dry season spanning from May to September with average daily high temperatures ranging from 22 to 26 °C (72 to 79 °F), a warm and wet season from October to November with average daily high temperatures ranging from 25 to 23 °C (77 to 73 °F) and a slightly cooler wet season from December to April with average daily high temperatures ranging from 20 to 21 °C (68 to 70 °F). Humidity levels remain constantly high at about 70%. Sea temperatures range from a low of 18 °C (64 °F) in February–March to 24 °C (75 °F) in August–October.
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