€690,000
Plot of land for the construction of houses or flats, with 2,120 m² with good sun exposure and views of the sea and Funchal, located 250 metres from the Church of the Immaculate Heart of Mary in Funchal, Madeira.
The land has a rectangular shape, with a gentle slope from North to South, featuring a 55 m² house in use to the North, divided into two floors. On the ground floor, there is a living and dining room, kitchen, and bathroom, while the first floor has three bedrooms and a bathroom. Served by road frontage to the North the land is situated in a medium-density area according to Funchal’s Municipal Master Plan (PDM), with a ‘maximum permissible building capacity’ of 0.8 (as per item b, paragraph 2 of article 42 of the PDM, ‘net utilisation index: 0.8’).
Located a 5-minute drive from Funchal’s city centre, Avenida do Mar, Mercado dos Lavradores, Madeira Casino, Dr Nélio Mendonça Hospital, and Madeira Private Hospital; 10 minutes from the Funchal-Monte Cable Car and Monte Gardens Cable Car; 15 minutes from Formosa Beach and Lido Bathing Complex, Forum Madeira Shopping Centre, and Madeira Shopping. It is a 20-minute drive from Madeira International Airport.
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