Property details

• Province
  Ponta do Sol
• Town
  Ponta do Sol

• Area
  1709 m²
• Plot area
  1709 m²
  

• Price
  835.000 €
• Energy Rating
  

• Property code
  IC_1288

Description

We present this traditional Madeiran house in need of renovation, currently comprising 4 bedrooms and 1 bathroom, distributed over two floors.

The property also includes a two-storey warehouse, connected to the main house via a corridor, as well as an extensive plot of over 1,000 m², offering excellent development potential. With a construction index of 70%, this asset allows for the development of multiple villas or an apartment project, making it a highly attractive opportunity for investors.

Benefiting from three road frontages, the property enjoys full-day sun exposure, ideal for residential development. This opportunity is well suited for:

* The renovation of the existing house while developing the surrounding land, or

* The construction of new residential units, including apartments a segment in strong demand in the west coast of Madeira Island.

Located in Canhas, Ponta do Sol, the property offers excellent accessibility, proximity to essential services, and is just 10 minutes from Ponta do Sol village.

This is a rare investment opportunity combining location, development capacity, and long-term appreciation potential.

Schedule your visit today and secure a strategic real estate investment in Madeira.

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Agency

• IMOCABRERA - PALAVRAS HONESTAS, LDA - AMI 19548
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