Funchal, Madeira

Take advantage of this unique opportunity to invest in a classified historic building in the heart of Funchals Old Town. The Palacete da Rua da Mouraria, a stunning 18th-century property, combines the charm of a bygone era with exceptional potential for modern uses. This treasure of neoclassical architecture represents timeless elegance, rich history, and a prime location.With 1, 073.45 m of gross construction area, spread across five floors, and a spacious 670 m plot, this property offers countless opportunities for investors. Whether transforming it into a luxury boutique hotel, exquisite holiday apartments, or a mixed-use building with commercial and residential spaces, this estate can be restored and adapted to match your vision.The location is unrivaled: Situated on one of the oldest and most prestigious streets in Funchal, the manor is just steps away from fine dining, cafs, the marina promenade, and cultural landmarks. Here, history, culture, and quality of life come together in a truly unique investment opportunity. Property Details and Features Plot area: 670 m Gross construction area: 1, 073.45 m Floors: 5 | Rooms: 11 Special features: Neoclassical faade with wrought iron balconies and decorative details Historic garden with a decorative wall fountain made of volcanic stone Well-preserved stucco ceilings, high ceilings, and a characteristic tower Condition: In need of restoration the perfect canvas to realize your unique vision. Investment Potential and BenefitsThis property is located in the ARU Zone, offering numerous tax incentives, such as exemptions from IMI (Municipal Property Tax), IMT (Property Transfer Tax), and reduced rates for renovation works and rental income. With a booming real estate market on Madeira and increasing demand for exclusive properties, this estate represents an extraordinary investment opportunity. Historic buildings like this continue to appreciate in value, making them a solid and profitable investment for the future. Unique LocationThe Palacete is situated in the prestigious Old Town of Funchal, near a tranquil pedestrian zone, with direct access to: 5 minutes on foot: Avenida do Mar, Marina, and cultural landmarks 20 minutes by car: Madeira International Airport Exclusive surroundings: Pedestrian-friendly area with easy access to services, fine dining, and leisure activities.Invest Now! Dont miss this extraordinary opportunity to transform a historic landmark into a modern masterpiece. Contact us today for more information and to schedule your visit.