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Property description
Two commercial stores for sale that can be used for any type of business, including restoration, since they have pre-installation of exhaust pipe. The shops have a showcase for the main street and internal access through the Galerias Arcadas do Pelourinho. These have been joined together which form a larger space and is sold with 1 parking included.
Having the option to divide the space into 4 independent stores to rent can generate an income of up to 12% per year, being 500 + 500 + 750 + 1,000 of monthly rental for each of the four stores. The annual income resulting from this division would be 2,750. Finally, dividing the space into 4 independent rental stores can be an interesting strategy for investors looking for a consistent passive income source and diversify their real estate investments.
If you prefer, the stores can also be sold individually for 175,000 and 150,000, respectively.
Pre-installations for exhaust pipe can be an advantage for entrepreneurs who wish to open a catering business, since this type of enterprise needs adequate facilities for the treatment of smoke and odors.
The windows facing the main street can attract potential customers and increase the visibility of the business, while the internal access through the Arcades do Pelourinho Galleries can be a convenience for customers who want to escape adverse weather conditions or simply enjoy a more pleasant and covered environment.
Located in the
Arcadas do Pelourinho in the centre of Funchal, the property is strategically positioned between the future Savoy Insular and the new museum. This can potentially attract a large number of tourists and visitors, which is beneficial for any business that is operating in the area.
The variety of branches open until April 2023 also shows the versatility of the space.
Branches open until April 2023:
Cosmetic, hairdresser, luxury-outlet items, real estate, ready-to-wear bath, accounting, Italian pizzeria, sushi/kebab, Mexican/craft brewery, arts, antiques and Italian coffee..
More than 1.000m2 in the heart of the city.
Contact us for more information.
The terms of the lease will be discussed at a scheduled face-to-face meeting. This implies that in order to obtain detailed information about the lease agreement, it is necessary to schedule a face-to-face meeting. In addition, we inform you that during the period of disclosure and commercialization, the management company of the commercial spaces reserves the right to change the conditions, values and availability of the commercial spaces at any time.
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