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Great tourist rental project — three cottages for the price of one! Over 2000 sqm!

345,000 $
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Total area: 2,000 m²
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Features
  • Sea view
  • Mountain view
  • Swimming pool
  • Garden

Great project with house comprising 1 bed, 1 bath, lounge, kitchen cloakroom, patio, BBQ and garden. Cottage with 2 bed, shower, lounge, kitchen, patio, garden and pool. Lodge with 3 rooms for refubishment. Extra Land.

These properties are located in the attractive village of Arco da Calheta which is less than 10 minutes from Calheta with its yellow sandy beach and facilities (bank, supermarket, hotel and restaurants). Within a few minutes walk to church, post office, bars, hairdressers, pharmacy and local shops.

On offer are:

EXISTING PROPERTIES, consisting of:

  • House: 1 bedroom, bathroom, lounge, kitchen, cloakroom/shower, patio, BBQ and garden. Built Area: 101 m² Plot area: 1300 m²
  • Garden Cottage: 2 bedrooms, shower room, lounge, kitchen, patio, garden and pool. Built area: 53 m² Plot Area: 80 m²

The above 2 properties have been renovated and successfully run as holiday rentals for 10 years but there is scope for further refurbishment/expansion which would increase the yield from the rentals.

  • Wine Lodge: one room downstairs, 1 bedroom and shower room upstairs. This one is in need of total refurbishment but with a little imagination it has a potential to increase the rental yield.
  • Land. This would be ideal for building a new property on a plot of 770 m² with direct road access. Plot Area: 770 m²

Note: The properties are available as one complete lot or separately as:

  • the existing houses;
  • the land.

The land will only be sold separately if access rights are provided to the exisiting houses. Entrance to existing properties is currently via pedestrian pathways (veranda).

Location and nearby objects

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Ekaterina Sajitharan
Ekaterina Sajitharan
Real Estate Expert Tranio in Madeira
+44 20 3608 1267
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