Historic House: Investment Opportunity in Funchal

€ 575.000
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Overview

  • Not Available Garages
  • 540 m2
  • 461 m2

Description

Discover the Investment Opportunity in Funchal to breathe new life into a piece of Madeira’s rich history with this incredible investment project, exclusively brought to you by Exclusive Homes Madeira. Situated in the heart of Funchal, the  House stands as a beacon of historical resonance, offering you an 18th-century canvas ready to be transformed with modern aesthetics.

Features House, Investment Opportunity in Funchal:

– Historic Significance: The city villa, with roots dating back to the 18th century, represents a rare piece of Madeira’s architectural history, promising an exclusive abode infused with historical richness and charm.

– Expansive Layout: The property extends across 3.5 generous levels accompanied by additional old shop space, setting a perfect stage to envision luxury apartments or a lucrative investment property. The layout lends itself beautifully to a variety of innovative design concepts.

– Outdoor Retreats: The villa comes with a balcony to appreciate Funchal’s vibrant surroundings, and a small secluded courtyard that promises serene moments under Madeira’s sky. At the back, a spacious hall offers immense potential for versatile uses.

– Financial Benefits: Leveraging its historical stature, the project is qualified for monument construction grants, facilitating financial aids such as exemption from IVA on conversions, no IMI for a span of 10 years, and a reimbursement on the real estate transfer tax, creating a financially savvy investment proposition.

Investment Vision:

The Governor House stands not just as a property but a narrative from the 18th century, ready to be adorned with contemporary luxuries while retaining its original charm. The possibilities include:

– Luxury Apartments: Create high-end apartments where history meets modern luxury, promising a substantial return on investment.
– Retail Space: The old shop space presents a potential goldmine for developing a retail business, capitalizing on the rich historical backdrop of the city villa.

Conclusion House: Investment Opportunity in Funchal:

Governor House City Villa opens the doors to a unique investment avenue — a chance to shape a piece of history into a modern sanctuary of luxury and comfort. Connect with Exclusive Homes Madeira to explore the endless possibilities with this historic gem in the pulsating heart of Funchal. Let’s craft a future by blending the rich past with a visionary modern approach.

Energy Class: B
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Energy class B
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Sun 19 May
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Property Id : 21434
Price: € 575.000
Property Size: 461 m2
Property Lot Size: 540 m2
Property ID: 204-0923

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André Kummer