€3.700.000
Confirmation
Approved project for a 4 or 5 Star Boutique Hotel
Madeira, Portugal
Hotels & Resorts
#34893
Value-Add, Opportunistic
31 Jul 2024
Property Details
Authorized representative
For sale
35
105,714
Freehold
swimming pool, Gym, Spa, and Solarium, Restaurant and bar, Conference room and games room
Fees
Investment Overview
Madeira Island is vibrant and energetic all year round. Building in the centre of Funchal with an approved project for a 4 or 5-star Boutique Hotel with an infinity pool on the top floor and 360° views of Funchal Bay. Corner building next to the Main Municipal Garden. The building already has 5 floors built (it will only be necessary to build the 2 upper floors) and to make the interior partitions and deal with the furnishings and decoration. Fully approved project (ready to start construction). Excellent opportunity because it will be a differentiating product, with the potential to become the best Boutique Hotel in the Center of Funchal. Construction area: 3,100 m2 Number of rooms: 35 suites Number of floors: 7
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