Building for sale in Funchal, Portugal

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.