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Building For Touristic Investment In A Prime Location
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€ 3,500,000 £ 2,996,198 $ 3,737,535

Reference PP174351

Funchal, Madeira

Commercial

24 Bedrooms

Built in: 1973

1,615m2 Build size

€ 2,167 £ 1,855 $ 2,314 / m2 build

Building For Touristic Investment In A Prime Location

€ 3,500,000 £ 2,996,198 $ 3,737,535

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Key information

Reference: PP174351

Commercial

Funchal, Madeira

24 Bedrooms

24 Bathrooms

Ownership Status: Company

Built in: 1973

1,615m2 Build size

€ 2,167 £ 1,855 $ 2,314 / 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!

 

Features

  • Pool
  • Air conditioning
  • Furnished
  • Heating
  • Reception room
  • Terrace/Balcony
  • Covered dining area
  • BBQ
  • Laundry room
  • Storage room
  • Spacious
  • Smart home
  • New development
  • Features great views
  • Sea view
  • On the waterfront
  • Morning sun
  • Evening sun
  • Orientation: South
  • Near bars / restaurants
  • Near school(s)
  • Near shops
  • Near the beach

Key information

Reference: PP174351

Commercial

Funchal, Madeira

24 Bedrooms

24 Bathrooms

Ownership Status: Company

Built in: 1973

1,615m2 Build size

€ 2,167 £ 1,855 $ 2,314 / 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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Speak to anyone in our team and we will be happy to help.
Send your enquiry through now.

Yours sincerely,
Tony Berkery

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