Hotel Project in Madeira

A superbly located plot in an exclusive part of the island with an approved project of famous architect Leonardo Omar.
The project intends to build a luxury apartment complex or an intimate boutique hotel.
There is also a possibility to convert the current project into a complex of independent flats for resale.
The plot size of 2920m2 allows a maximum building area of 1577m2.

The current project provides for:
- an exclusive T3 penthouse with dressing room, study, laundry room, private pool, and jacuzzi with spacious terrace.
- 5x T1 apartments
- 2x T2 apartments
- T0 apartment

The building is designed in such a way that it adapts to the natural slope of the land. This allows each apartment to enjoy fantastic 200º views of the Bay of Funchal and the Atlantic.
The plot is located in the neighborhood of Palheiro Nature Estate, the most luxurious resort on the island.

All the infrastructure is already in place including:
- an asphalted access road,
- internal road providing excellent access to the site
- natural stone retaining walls

The plot is only 15 minutes from the airport and 10 minutes to the center of Funchal