Building

Six-storey commercial building with great potential for business expansion, located on the main avenues in the center of Funchal, surrounded by shops and services.

Comprising six floors:
- basement
- Shop on the ground floor with showcase (207 m2),
- 1st floor with commercial spaces (207 m2),
- 2nd floor with commercial spaces (207 m2),
- 3rd floor with commercial spaces (207 m2),
- 4th floor with commercial spaces (157 m2) and terrace (63 m2).

Building to rehabilitate. 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 ground floor and first floor with the Building Code Idealista 02700 located at Rua Cadeia Velha (358 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.