Commercial Building for Sale Funchal, R Bela Sao Tiago

Four-story mixed-use building (commercial and residential) located in the historic area of ​​Funchal, Madeira Island, Portugal, with stunning views of Funchal Bay. Ideal for those seeking a guaranteed monthly income from renting the ground-floor garage and wishing to transform the first floor into tourist accommodation, obtaining a good return on investment. The second and third floors can be transformed into an excellent penthouse through renovation/refurbishment works, ideal for those who wish to live and enjoy a privileged area, close to local shops and the market, and benefit from the tax advantages applied by the ARU – Urban Rehabilitation Area.