3 Buildings - Building Used, for Sale, in Ilha da Madeira, Funchal (Sé), near City Center

Fully rehabilitated building with 616 sqm of gross construction area, balconies, terraces, a courtyard, and a garden measuring 353 sqm, situated on a plot of land of 540 sqm on Rua da Carreira, Funchal, Madeira.

Located in the heart of Funchal city center, this building comprises five apartments of different typologies: studio (T0), 1 bedroom (T1), 1+1 bedroom (T1+1), 2 bedrooms (T2), and a penthouse with 1 bedroom (T1), ranging in size from 38 sqm to 108 sqm. Additionally, there is a commercial space of 51 sqm. The building is spread across five floors with stairs and an elevator. The ground floor features a landscaped area, while the top floor boasts a terrace.

All apartments showcase excellent finishes, ample natural light, fireproof security doors, and fully equipped kitchens. Generous balcony/terrace areas totaling 67 sqm and a courtyard/garden measuring 353 sqm are featured.

The building has the configuration to be divided into five apartments and a commercial space if one chooses to create separate ownership. The property is being prepared for the short-term rental market, with high profitability expected.

Rua da Carreira is one of the oldest streets in Funchal and is part of the city’s ’Historical Streets,’ where the discoverer of Madeira Island, João Gonçalves Zarco, once resided. It is undoubtedly a reference point in the city center, intersected by numerous streets. This street is characterized by centuries-old architectural richness, making it a street with history and urban life. It is ideal for strolling, enjoying the commerce, restaurants, and services. Within a 5-minute walk, you can reach the Cathedral, Funchal Marina, and the Farmers Market. Only a 20-minute drive from Madeira International Airport - Cristiano Ronaldo.

Set of four historic buildings for complete rehabilitation, with a total gross construction area of 5,148 sqm, located on a 8,222 sqm plot of land on the emblematic Rua da Carreira, in the noble historic center of Funchal, Madeira.

With the possibility of integrated urban development, including the restoration of existing buildings with historic features alongside new construction, in a flat area on one of the oldest streets in Funchal. The project can accommodate different uses, including residential areas, a hotel, tourist apartments, and commercial areas, with a possibility of construction up to 13,000 sqm above ground and approximately 2,000 sqm for underground parking. This volume was based on a Previous Information Request to the Funchal Municipal Council in 2022.

The unique centrality and size in the city, with a project focused on the regeneration and valorization of existing urban identity, will bring even more dynamism to Rua da Carreira, dating back to the 16th century, as well as to the center of Funchal. It offers walking access to all essential services and facilities, restaurants, schools, traditional shops, and cultural points of interest, providing comfort and convenience in a balance between proximity, sustainability, and the quality of life that characterizes this city, offering a highly valued and sought-after lifestyle.

A 5-minute walking distance from Avenida do Mar, the Marina, the Municipal Garden, St.ª Catarina Park, and 15 minutes from the Farmers Market. With excellent accessibility, it is a 5-minute drive from Via Rápida, the beach area, tennis and paddle courts, the public hospital, and less than 10 minutes from the private hospital. A 20-minute drive from Madeira International Airport, 15 minutes from Palheiro Golf, and 30 minutes from Santo da Serra Golf Club.

This trade building is located in the heart of the city of Funchal, next to the Municipal garden and shopping area.

Developed on 7 floors. Great potential for tourist investment (it gives 8 apartments T0-2 per floor), with commercial shop in operation and to monetize, with easy access, near the port of Funchal, ease of locomotion.

Being within the plan of recovery of the city hall of Funchal can enjoy tax benefits.

What are you waiting for??? Mark your visit now and make the best investment ever!!!