Hotel in Need of Renovation for Sale in Funchal - Madeira Island - Portugal

• Size: 350 m²
• Price: €950,000

This residential property can come back to life! Building consisting of 4 floors and 12 rooms located on Rua de Santa Luzia and 5 minutes from Funchal, this is undoubtedly a great investment for you, whether for its reconstruction as a residential property or Boutique Hotel, returning the investment in a few years, or with the possibility of creating up to 12 studio apartments (T0) either for housing or to create Tourist Apartments.

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