9 Buildings - Building for Sale, in Ilha da Madeira, near Police

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.

Building in the center of Funchal, parish of São Pedro.

The property has a plot area of 461 m2, implantation area 285 m2 and approximately 778 m2 of construction.

This building falls under the area with tax beneficiaries (ARU and IFFRU).

ARU advantages with tax benefits and IFFRU financing.

ARU: IMT Exemption, VAT 5%, Lost Income and Capital Gains 5%, IMI Exemption 3+5 years, reduction of permit fees up to 70% (see CMF website).

IFRRU: Financing up to 100% of rehabilitation and projects, term up to 20 years, grace period up to 4 years, reduced interest, etc ... (see program).

Excellent investment opportunity!

Book your visit now!



The information provided, although accurate, is merely informative, so it cannot be considered binding, and may be subject to change.

For sale building for services to rehabilitate in the parish of São Pedro in Funchal.

Composed of 2 floors, in which the R /C is composed of 3 divisions.

It has a garage space for 4 cars.

A great investment opportunity!

Contact us to find out more about this property and make your visit with us!



The information made available, although accurate, is purely informative and therefore cannot be considered binding and may be subject to change.

Conjunto de prédios para remodelar no centro do Funchal, com 2 e 3 pisos, zona de armazém, escritórios e com duas moradias T3 e quatro moradias T2.

Um excelente investimento para apartamentos, escritórios ou zona industrial.

O prédio está estruturalmente seguro e em boas condições de resistência.

(Poderá existir a opção de demolir e fazer construção nova. O prédio tem uma avaliação acima do valor a venda no mercado, temos os condicionamentos da câmara do Funchal e do PDM.)

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!!!

Prédio emblemático do Funchal para reconstrução situado no núcleo histórico da Sé.

O prédio é uma Casa Nobre tardo-barroca de planta rectangular, desenvolvida no estilo de esquema tradicional das casas senhoriais funchalenses dos Séculos XVII e XVIII constituído por 3 pisos, com uma torre com mais 2 pisos no centro.

Tem projeto de licenciamento aprovado com a possibilidade de construção de 5 T1’s e 4 T0’s.

Building located in the center of Santana
In horizontal property, It has 3 autonomous fractions of typology T2; All with 2 bedrooms, areas of 20 m2, balcony, 1 bathroom, large living room with 30 m2 and kitchen.
Garage with 380 m2
And still commercial space with an area of 110 m2, license for snak bar
For more information contact us

’Carmo Palace’ a building with history.

The ’Carmo Palace’ is a new residential building located in the centre of Funchal, where it originally housed the iconic Reid’s Carmo Hotel.

The building offers a variety of apartment typologies, from studios (T0) to apartments of three bedrooms or more (T3+1).

In its construction, the care to preserve its architectural and historical heritage of the city, is being considered, incorporating some elements of the old hotel in the ’design’ of the new building.

The central location of the ’Carmo Palace’ provides an urban lifestyle with easy access to a variety of services such as shops, restaurants and leisure areas. The quality of the construction and finishes is highlighted as being of high quality, while maintaining the original charm of the building.

An important feature is the private entrance, both for pedestrians and for the garage, in order to offer greater privacy and security to residents. This suggests that the building is geared towards people who value these aspects in their home.

In addition, the ’Carmo Palace’ is presented as an interesting opportunity for families who want an urban lifestyle or as a real estate investment.

If you are interested in more information about the ’Carmo Palace’, please contact us for updated details on availability, prices and specific features of the apartments.