Investing in the former olive oil mill in Marmelete offers unique opportunities for those looking to enter the commercial property market. This expansive property covers 551m² of living space and 610m² of constructed area, set on a sizeable 780m² plot. The building, which was constructed pre-1951, still retains all its original features and equipment, making it perfect for buyers looking to revitalise a historical site and leverage its industrial charm for a new venture. With a new roof and solid stone construction, the property is structurally sound. Located in the Algarve, Marmelete is a vibrant community with around 800 residents, providing access to local amenities and a rich cultural heritage. The potential for a thriving commercial business is substantial, subject to project submission and approval. Investors will appreciate the spacious open-plan layout, which includes multiple rooms and large windows that illuminate the interiors with natural light. Additionally, this site offers spectacular views of the surrounding countryside, ideal for attracting future customers or tenants. With Marmelete being the main supplier of cork and a hub for beekeeping, there’s potential for diversification of business opportunities. The property is conveniently located 24.8 km from the beach and 17 km from the enchanting town of Monchique, offering both local and tourist clientele. Don't miss this chance to own a piece of history that holds immense potential for income generation or transformation. Contact us today for a viewing to explore your investment options!
• Business not in operation
• Living area 551m²
• Constructed area 610m²
• Plot 780m²
• 2 floors
• Year of construction - Pre-1951
• New roof
• Solid Stone Construction
• Numerous Windows flooding light into the property
• Spectacular Views
• Distance to the beach 24.8 km
The property was once a prominent Olive oil producing factory. It still has all the original features and equipment on the premises. This Impressive, and very large building. has potential to become another thriving industrial/commercial business, subject to project submission and approval.
Ground floor:
• Large open-plan space with 3 separate rooms and large entrance to side road
• Large windows
• Toilet
1st Floor:
• Large open space, numerous windows with fantastic views
• Solid stone walls and concrete floors
Outside:
• Parking spaces
• External areas for courtyard/patio
Amenities
• Mains Water
• Mains Drainage
• Mains Electricity
Location
• Distance to the beach 24.8 km
• Distance to the nearest golf course 22.9 km
• Distance to Faro airport 94.7km
• Distance to school 15 km
• Distance to Monchique 17 km
