4 Buildings - Building for Sale, in Ilha da Madeira, Funchal (Sé), near Public Transportation

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.

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.

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!!!

’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.