BUILDING 1200 m² Funchal

Six-storey commercial building with great potential for business expansion, located on the main avenues in the center of Funchal, surrounded by shops and services.Comprising six floors:- basement- Shop on the ground floor with showcase (207 m2),- 1st floor with commercial spaces (207 m2),- 2nd floor with commercial spaces (207 m2),- 3rd floor with commercial spaces (207 m2),- 4th floor with commercial spaces (157 m2) and terrace (63 m2).Building to rehabilitate. Excellent investment potential.Inserted within the Urban Rehabilitation Area (ARU) of Funchal with tax benefits: IMT and IMI exemption (5 years), reduced VAT (5%), reduced taxation on Property Income and Capital Gains (5%), and other tax support. Possibility of IFRRU financing up to 100% of the investment value with a term of up to 20 years and reduced interest with a grace period of up to 4 years.Adjacent to the ground floor and first floor with the Building Code Idealista 02700 located at Rua Cadeia Velha (358 m2).For more information and to schedule a visit, contact us.Madeira Island, the best Island Destination in Europe and the World 2015-2021 according to the World Travel Awards.