€430,000

Small building, with good structure and concrete slabs, with enormous potential for profitability, either through long-term rental, Local Accommodation (AL) or mixed use with commercial space. The building is habitable but in need of renovation works. Features: - 6 rooms - 4 bathrooms - 2 kitchens - 2 living rooms - Terrace with sea views, city centre and mountains Development potential: - Possibility of division into 3 independent fractions - Conversion into 3 T1 apartments or up to 6 T0 studios Prime location: - A few minutes' walk from the sea and sandy beach of Machico - Next to shops, services, restaurants and public transport - 5 minutes from the airport - 20 minutes from Funchal A great opportunity to create a high-profitability real estate project in one of the most charming cities in Madeira. Ideal for investors looking for recurring income and equity appreciation. Invest in your future today. Energy Rating: E #ref:1747 - 1747 - Imobiliária Regional