In one of the last green areas of central Funchal, ten minutes walk from the heart of the city, a 2600 sq.m. plot of land with great views of the harbour, containing some fine trees.
The plot is part of the original Quinta da Boa Vista, now a renown orchards growing property, and is in a very quiet and up-market residential area.
For the real estate developer the plot would be perfect for a Quinta Hotel or a number of detached or semi-detached houses. The raw building allowance ratio is 0.6, making it possible to build up to 1560 sq.m. in any fashion. Two adjoining plots are currently on sale for a total of 7000 sq.m. This is a rare opportunity to own one of the last sizable green areas in the centre of this city.
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Overlooking Funchal |
View from the House |
Map |
Old House |
Neighbourhood |
Funchal market prices and building allowance value the land at 300 EUR/sq.m., that is 780,000 EUR for the plot. We will entertain offers around this value.
For any serious enquiries, please email Mr Bill Kerr at [email protected]
http://www.madeiraproperty.com/rm/listings/l0035.html
The two adjoining plots on sale
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