Description
5-storey commercial building, complemented by a stunning roof terrace, now available for sale.
Located in a highly sought-after tourist area, this property promises not only to be a property, but an extremely lucrative venture for the savvy investor.
Location: In the heart of Funchal's hotel zone.
Structure: 5 floors + roof terrace.
Roof Terrace: Offers breathtaking panoramic views, ideal for relaxing or developing additional amenities.
Modern snack bar on the ground floor
Spacious restaurant with inviting outdoor area, perfect for serving residents and passers-by.
First to Fourth Floor: 24 carefully designed rooms, exuding comfort and style.
Reception: Area that provides a warm and professional welcome, ensuring a pleasant experience for all guests.
Pool: Includes a water heater, offering a refreshing oasis in the middle of the urban landscape.
Amenities: Laundry and office space, intelligently integrated to improve operational efficiency.
Freehold urban building with a licence for Local Accommodation (LA).
This property is a unique opportunity to acquire a prestigious property in the centre of one of Funchal's busiest tourist areas, combining luxury, comfort and high income potential.
The restaurant on the ground floor is currently rented out for €4,500 + VAT.
Energy Rating: C
