Hotel in São Martinho

4,250,000 €

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Key project parameters

Land area: 2,530 m²

Project description

This Hotel is located in the most prestigious tourist area of Funchal and enjoys easy access to several sights. From the Hotel, a short 15-minute walk to the East takes you to Funchal Marina and the promenade that takes you to the cable car and the old and so iconic area of the city. Just 10 minutes west is the lovely Lido, a complex with saltwater pools, bars, cafes and restaurants. A little further away is the famous Praia Formosa, one of Funchal's many public beaches. The public bus to the city centre and other destinations in the western part of the island can be reached within a 2-minute walk. Rooms and suites 36 Twin Rooms The rooms are located in two different buildings: — 12 rooms in the old mother house — 24 rooms with terrace or balcony in the new wing. Land area: 2530 m² Price: 4.250.000 euros. REF: 1788 C. E.: B

Extra information

Balcony or terrace

Tenants

Agreement: n/a

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annual yield: From 15-17%
investment exit horizon: 2–3 years
full support at every stage: Turnkey deal

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