Sea View Land With Old House To Refurbish In Calheta
€ 98,000£ 83,927$ 105,751
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Ownership Status: Private
Built in: 1942
80m2 Build size
€ 1,225£ 1,049$ 1,321
/ m2 build
390m2 Plot size
€ 251£ 214$ 270
/ m2 plot
Located in Calheta, one of the most wanted locations in Madeira.
A sunny location, ideal to build a second house or a house for short term rentals, a great investment.
It is a flat land with an old house. The front line of the land is all facing south, facing the ocean. The view is definitive. It can be built a pool on the right side of the house to enjoy the outdoor space.
It has also an outdoor space for car parking.
There is several short term houses in the area with high occupancy rates and also with high price per night.
Magical Madeira, a haven of natural beauty right in the middle of the Atlantic. With a year round warm climate, some of the lowest crime figures anywhere in the world, Madeira is worth serious consideration for anyone wanting to invest in property.
The region is noted for its Madeira wine, gastronomy, historical and cultural value, flora and fauna, landscapes (laurel forest) that are classified as a UNESCO World Heritage Site, and embroidery artisans. The main harbour in Funchal has long been the leading Portuguese port in cruise liner dockings, receiving more than half a million tourists through its main port in 2017, being an important stopover for commercial and trans-Atlantic passenger cruises between Europe, the Caribbean and North Africa. In addition, the International Business Centre of Madeira, also known as the Madeira Free Trade Zone, was created formally in the 1980s as a tool of regional economic policy. It consists of a set of incentives, mainly tax-related, granted with the objective of attracting foreign direct investment based on international services into Madeira.