The former Olive Oil Mill in Marmelete presents a unique investment opportunity that buyers should not miss. This expansive property spans a living area of 551m² and a constructed area of 610m², making it perfect for various commercial ventures. With the potential for further development, this is an ideal choice for investors looking to tap into the growing market of the Algarve. Located in a vibrant village with 800 inhabitants, the property benefits from community support and local amenities. The original features and equipment from its olive oil production days add character and charm, ensuring strong appeal to future customers. Investors can also capitalise on the agricultural backdrop of Marmelete, a hub for cork and beekeeping, which could complement new business ideas. Just 24.8 km from the beach and 22.9 km from golf courses, the location is also attractive for leisure activities. The new roof and solid stone construction provide reassurance of quality, enticing buyers to envision successful enterprises here. Parking spaces and outdoor areas further enhance the property's functionality. With a competitive price of €850,000, this opportunity for investment in a thriving location is hard to overlook. Contact us now to explore the possibilities this unique property offers!
• 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
