SOLD OUT! Located on the charming Island of Madeira, this project is situated within the oldest and most picturesque area of Funchal. The iconic, city-centre building is being transformed into a superior 4-star boutique hotel with six floors, 78 rooms, a rooftop bar and restaurant with a panoramic view of the city and the ocean. Furthermore, the project has been flagged by an internationally recognised hotel brand, assuring both investors and guests will receive unparalleled quality and service.
The city of Funchal is full of history and tradition, which makes it a unique landmark and popular destination for tourists. Madeira International airport is conveniently located just 23 minutes from the project.
INVESTMENT HIGHLIGHTS:
- Purchase a share in the project for €350,000 (plus fees);
- Call for 120 investors;
- Enjoy a seven-day free stay per year;
- Developed by an international development company with a strong track record;
- Developer offers a guaranteed 3% rental return & buy-back after 6 years;
- Save €17,550 – IMT Paid by the developer;
- Save €18,400 – VAT Paid by the developer;
- IMI exemption during the construction period;
- Expected completion: Q3 2025
HOTEL FACILITIES INCLUDE:
- 78 rooms and suites
- Rooftop Restaurant & bar
- Four Star Hotel – Flagged by an international brand.
For more details on the project please contact our specialist consultants.
This project qualifies as a touristic commercial project and therefore qualifies under Portugal’s new Golden Visa legislation for 2022. Investors can apply for a Portuguese residency visa by purchasing a share in this property at just €350,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.
