Farmstead / Estate - Funchal - Madeira Island
3 500 000 €
Wonderful traditional Quinta located in Funchal, more precisely in the parish of Imaculado Coração de Maria.
Located less than 10 minutes by car from the center of Funchal, this is the type of property where you can build your dream home!
If you are looking to develop a tourist project, boutique hotel or a park / garden as a tourist attraction in Funchal, this is the right property.
Built in 1830, Quinta Olavo is a centenary relic that has remained for several generations, in German noble families, it has preserved its initial architecture, with the existing mother house being maintained for almost 200 years.
This unique property has exotic species of centuries-old trees that are only found in Madeira in this location, coming from the 4 corners of the world, the property also has endemic flowers.
Construction of a hotel unit, it could be a viable investment project due to its total area of 38,362 m2 (almost 4 hectares) and its magnificent and unique location, which gives it a panoramic view over a dazzling amphitheater of the city of Funchal.
The land has a large flat dimension, which facilitates construction and is considered "Medium Density" in the PDM (Municipal Master Plan of Funchal).
Access to the Quinta is via the main roads in Funchal, which makes it easy to access. Access can be made at the top of the land, from the main street.
This fabulous property is an excellent and unique investment opportunity!
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Century 21 is the only agency in Portugal being accredited by Banco de Portugal.
We share our commission on our properties with all colleagues who have a company with a registered AMI license.
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- Price: 3 500 000 €
- Status: Needing Total Refurbishment
- Net area: 315m2
- Gross area: 400m2
- Plot Area: 38362m2
- Bedrooms: 10
- Bathrooms: 4
- Construction Year: 1830
- Energy Certificate: D
- Reference: C0456-00112
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