Investing in a property with a rich historical background, such as the former olive oil mill in Marmelete, presents a unique opportunity for savvy buyers. Priced at €850,000, this property is not only a spacious commercial building but also a piece of Algarve's cultural heritage, having been a significant production site in the region. With 551m² of living space and 610m² of total area, the building offers diverse possibilities for redevelopment into various business ventures. Its solid stone walls, large windows, and beautiful countryside views add to its charm and appeal. Located in Marmelete, a quaint village with a strong community spirit, this property also provides access to local amenities and attractions. The investment potential is further enhanced by the property's proximity to the beach and Monchique, making it ideal for tourism-related businesses. This is an opportunity to tap into the rich historical narrative while creating a profitable venture. Don’t miss this chance to invest; reach out for more information today!
• 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