€1,150,000

In the historic heart of Funchal, between Rua Bela de São Tiago and Rua do Acciaioli, there is a building with history and an approved project that looks to the future. The proposal foresees the full rehabilitation of a traditional Madeiran house, transforming it into a set of four 1 bedroom apartments, a studio and a commercial shop, all with independent access and a pleasant common garden. The property, with 343m² of land and 407m² of approved construction, is located in the parish of Santa Maria Maior, in the heart of Funchal's Old Town, one of the most vibrant, authentic and sought-after areas of the city. This area is known for its historical and cultural environment, where old Madeiran houses coexist with art galleries, restaurants, terraces and cultural spaces. Within a few minutes' walk are the Farmers' Market, the Cathedral, the Monte Cable Car, the São Tiago Fort and the Funchal Marina. The surroundings also offer essential services, supermarkets, pharmacies, schools, leisure areas and public transport, within a radius of less than 500 meters. This combination of local life and strong tourist presence ensures a constant demand for accommodation and investment, both in traditional and tourist rentals. The project combines respect for the original design with a functional and contemporary concept, adapted to the new ways of living and investing in the city. Its configuration, with independent fractions, a garden and a commercial space, allows for multiple exploitation strategies, from tourist leasing to mixed monetization. A strategic asset, located in one of the most emblematic and dynamic areas of Funchal, which combines authenticity, profitability and potential for appreciation. Technical documentation and design available upon demonstration of interest.