Located in the parish of São Pedro, in the heart of Funchal, this building represents an excellent opportunity for those seeking to invest in a property with guaranteed rental potential or for use as a primary residence. Comprising three floors and a basement, the property stands out for its central location and versatility for various uses. With a gross private area of approximately 230.9 square meters, the building includes two one-bedroom apartments—one on each of the upper floors—and an office space on the ground floor. The basement is currently used for storage. Although it does not feature parking, an elevator, or a swimming pool, the building benefits from good sun exposure, providing natural light throughout its interiors. Its functional layout allows for a range of uses, making it ideal for those seeking a project with continuous rental income or a flexible residential solution. The absence of a condominium association simplifies property management, offering greater autonomy and discretion. One of the property's main assets is its location. Within five minutes, residents have access to schools, supermarkets, restaurants, and major roadways. The nearest hospital is just ten minutes away, reinforcing the convenience and accessibility of the area. Situated in one of Funchal’s most central and sought-after neighborhoods, this property is perfect for those who value proximity to services, tranquility, and an exclusive urban lifestyle. A unique opportunity in Madeira’s real estate market.