Other buy in Funchal Madeira

Project Eligible for Golden Visa in Portugal Madeira Hotel will be the rehabilitation of one of Funchal´s most iconic buildings into a 4-star charming Superior Boutique Hotel in the city center. The hotel will have 6 floors, with approx. 78 rooms, a rooftop bar and restaurant with a panoramic view of the city and the ocean with comfort standards of the international hotel brand. This 4-star hotel will be located on Madeira Island, one of the oldest and most picturesque areas of Funchal, covered by a protected historical area. Funchal is an important urban center, full of history and tradition, which makes it a unique landmark of the Madeira Lifestyle. An important urban center, full of history, tradition and craftwork trades, which makes it an unavoidable landmark of Madeira capital's lifestyle. Investment Highlights: Amount of investment per investor: EUR 350,000 Available quotas: 120 (investors) Call for investor: July 2023 Expected Completion time: 3Q2026 Minimum investment period: 6 years Annual earnings report: 3% Tax benefits: IMT (property transfer tax) and VAT (for construction cost) paid by developer, and IMI (property annual tax) exempted during construction. Other offer: 1 weeks per year free stays - REF: HG1432