Ilha da Madeira - Santa Cruz - Caniço - For sale - PERFECT COMMERCIAL SPACE FOR CONVERSION TO APARTMENT IN THE AREA OF PORTINHO CANIÇO - 4E/2023 - Portugal - Commercial property

AVAILABLE FOR SALE OF PROPERTY PERFECT COMMERCIAL SPACE FOR CONVERSION TO APARTMENT FOR A.L IN THE AREA OF PORTINHO CANIÇO next to the road located in the area of Portinho Caniço, with about 75 m2 with closed parking, gives to several business areas,

Portugal lives with a strong problem at the level of Real Estate to monetize, due to the immense demand we have here this possibility for A.L, due to the high lack of supply for demand, accompanied by high house prices, at a time of falling purchasing power, escalating inflation and rising interest rates.

To try to respond to this challenge, the market has been developing solutions. And converting properties affected to services / commerce in housing is one of them, we have here a solution that can give possibility of an Apartment for investment in an area near beaches, in the area of Atalaia and Portinho and Praia dos Reis Magos.

Lower price than housing properties, and the fact that it is possible to reconvert the space to the buyer's needs and according to their taste, in addition to also increasing the alternatives of housing supply in the real estate market;

In theory, acquiring existing properties could reduce the cost and time of real estate development; Offer of a
differentiated product, with special characteristics (larger spans, amplitude in the areas) and with the potential of a more contemporary look;