FUNCHAL, Madeira

Discover these two exceptional properties in the heart of Funchal - Two five-storey buildings and another with 3 floors that can be upgraded to five floors, with enormous potential for rehabilitation and versatile use. The buildings offer the possibility to create several spacious apartments, a Hostel or a City Hotel. Complemented by one or two attractive commercial spaces on the ground floor. This offer is aimed at investors looking for a prominent opportunity to invest in the historic center of Funchal and benefit from a high potential for profitability. Located next to Nossa Sé, in Rua da Sé and Travessa dos Capelitas, one of the oldest and most emblematic streets in Funchal, the building is located in one of the most desirable areas of the city. The charming pedestrian zone, known for its architectural diversity, is surrounded by exclusive boutiques, popular restaurants, cafes and cultural venues. The central location ensures a high flow of visitors, making the properties ideal for commercial or mixed use. The centre of Funchal, the Marina and the Cathedral are just a few metres away, further underlining the attractiveness of these properties. An additional benefit for investors is the building's location in the ARU (Urban Rehabilitation Area). This area offers not only numerous tax advantages, such as IMI exemption for five years and IMT exemption on rehabilitation projects, but also financial incentives to modernize and revitalize properties. Special Features: - Elegant facades with a wide entrance - High ceilings and large windows for well-lit spaces - Flexible and versatile balconies Condition of the building: Currently, a complete rehabilitation is necessary to make the most of the potential of the properties. The buildings are used as office space and offer, thanks to their solid structure, various possibilities for refurbishment. The façade is in good condition, reinforcing the historic charm of the property. Investment Potential and Advantages: Invest in a unique property in the heart of Funchal's historic area, one of the city's most sought-after pedestrian areas. This central location combines cultural charm with economic potential, offering the ideal base for a profitable investment. The property is part of an ARU (Urban Rehabilitation Area) - an urban requalification area created to encourage investments in historic buildings. In addition to tax advantages, investors benefit from attractive conditions for rehabilitation projects. Advantages of ARU: - Exemption from IMI (Municipal Property Tax) for 5 years - Exemption from IMT (Municipal Transfer Tax) for rehabilitation projects - Reduced rates on property income and capital gains from rehabilitated properties - Financial reductions in municipal taxes Super attractive location: The central position in the historic area of Funchal guarantees a high demand, both for tourist rentals and for commercial uses. Invest now and take advantage of this rare opportunity! With these significant advantages and unique location, this property represents an exceptional and profitable long-term investment opportunity. If you are looking for a property with these characteristics or if you are a real estate consultant, do not hesitate to contact me, KW AREA MADEIRA is proud to share with businesses as real estate agents in the market with AMI License in a 50%-50% system.