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14

Luxury apartment complex for sale in Funchal, Portugal

€ 5,500,000
5,727 m²

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Description

Urban preeacute;dio with potential for investment, located in the Center of Funchal, with project approved in the form of a licensing project for the construction of two hotels. Steacute; divided into treecirc;s fraeccedil;eotilde;es, the first being peuacute;blico jeaacute; with 95% of its completion, and eacute; gross area of 4997 m2. This being able to create, almost immediately, an excellent source of revenue, with its legalizaeccedil;eatilde; with 124 parking spaces and 12 dispensations spread across the 4 parking floors. The second fraction of the preeacute;dio, named as floor 0, has a gross area of 1249 m2, jeaacute; with 80% of its completion, it will be able to react; be exploited for trading zone or similar. The third fraction;eatilde;o concerns the jeaacute project; duly approved for the construction of two hotels with 150 rooms with a gross area of 4500 m2. However, podereaacute; be changed to an apartment block for collective housing or aparthhotel. For more information, please contact us!

Details

Size
5,727 m²
Reference
26_2021_PRE
Status
New/Under construction

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Funchal - Madeira

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Funchal - Madeira