Discover a unique opportunity to invest in the stunning Madeira Island! Live the dream of developing in the privileged location of Santa Cruz! There are two houses for renovation (two-bedroom and four-bedroom) and a building plot, located just a few steps from the village center, ready to turn your ideas into reality. Why should you invest in this property? **Great rental and resale potential** **Land with unique potential**: 545 m² of land, ideal for residential or high-end real estate projects. **Structure ready for reconstruction**: 70 m² (2-bedroom) and 92 m² (4-bedroom) houses to renovate and customize to your liking. **Privileged location**: close to all amenities, shops, schools, and with easy access to the center of Santa Cruz. **Excellent building conditions**: in accordance with the Municipal Master Plan (PDM), with possibilities for up to 4 floors and a height of 13 meters, maximizing the potential of your project. Main features: - Construction area T2: 70 m² - Construction area T4: 92 m² - Total land area: 545 m² - Strategic location, close to the center of Santa Cruz - Urban planning compatible with the Medium Density Residential Area (ERmd) Construction conditions permitted by the PDM: - Maximum Construction Index: 1.5 - Maximum Implantation Index: 0.5 - Maximum Waterproofing Index: 0.6 - Maximum number of floors: 4 - Maximum height: 13 meters Negotiable price: **€446,000** Guaranteed partnership! We work with all AMI-licensed agencies on a 50/50 commission basis, ensuring transparency and security for you. Don't miss this chance to create a unique project in the most sought-after area of Santa Cruz! For more information or to schedule a visit, contact us now! Invest in Madeira today and make your dreams come true!