Furnished and fully equipped condominium in the center of Funchal including rental license and with sea view

Apartment of type T2, renovated in 2021: 92 sqm, located in the heart of Funchal in the Sé district - licensed for tourist rentals with an occupancy rate of currently 92 percent and a profitability of 5 percent.

€375,000 (including furniture and equipment)

The apartment is located in the TOWER HILLS residential complex in the center of Funchal. The fantastic location offers an unobstructed view over Funchal Bay and the Atlantic Ocean.

Are you looking for an investment property on Madeira in a prime location at an affordable price? Then we have just the right thing for you...

This condominium for sale in the TOWER HILLS residential complex is located in Funchal's Sé district and offers an unobstructed view over Madeira's capital and to the Atlantic Ocean from its balcony. It is located on the 8th floor, accessible by elevator. The apartment was completely renovated in 2021 and is currently licensed for tourist rental (Alojamento Local) with an occupancy rate of 92 percent and a profitability of around 5 percent.

GALLERY

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Floor Plan:

The apartment is fully furnished, decorated, and equipped. It consists of an entrance hall, a living room with an open-plan kitchen and a panoramic balcony with sea and mountain views, as well as two bedrooms, one of which has an en-suite bathroom, both with balconies and panoramic views. The apartment also has a second bathroom. The residential complex includes an underground garage with parking spaces and various green areas.

CONTACT

Are you interested in the apartment in the center of Funchal?

Then please contact your contact person on Madeira directly:

Michael Otto 

+351 917 640 584 

Also possible via WhatsApp.

In a free initial consultation, he will answer your questions and provide you with further information. He will arrange a viewing appointment with you, which you can attend online or in person. He will also be happy to advise you on investment properties in Madeira and their rental, and will personally support you up until the notary closing and beyond.

Or write to us to

concierge@immomadeira.com