Building , Ilha da Madeira, Funchal / Sell / 500000 / Ref. 02700

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Building, Ilha da Madeira, Funchal 500 000 € Ref: 02700

358 m²

Building to rehabilitate with 3 floors, located in the commercial heart of Funchal, a few steps from Rua Fernão Ornelas and the passenger port.

Excellent investment potential.

Inserted within the Urban Rehabilitation Area (ARU) of Funchal with tax benefits: IMT and IMI exemption (5 years), reduced VAT (5%), reduced taxation on Property Income and Capital Gains (5%), and other tax support. Possibility of IFRRU financing up to 100% of the investment value with a term of up to 20 years and reduced interest with a grace period of up to 4 years.

Adjacent to the Building Code Idealista 02699 located at Rua 31 de Janeiro (1,478 m2).

For more information and to schedule a visit, contact us.

Madeira Island, the best Island Destination in Europe and the World 2015-2021 according to the World Travel Awards.

Property Type Building

Typology 0 Bedrooms

Objective Sell

Condition To be recovered

Price 500 000 €

Year of Construction 1937

Country Portugal

District Ilha da Madeira

County Funchal

Parish Funchal (Sé)

Zone N/A