Investing in historical properties like the former olive oil mill in Marmelete is a unique opportunity for a savvy buyer. Priced at €850,000, this property boasts 610m² of constructed area and retains all its original features, which are increasingly sought after in today's market. Historical properties not only add character to a portfolio but often come with significant cultural value and appeal. This property features solid stone construction and a new roof, ensuring durability while offering a glimpse into the rich history of olive oil production in the region. The large open spaces and abundant windows flood the rooms with light, creating an inspiring environment for potential business ventures or renovations. Set in Marmelete, which has around 800 residents, this location also benefits from a strong community spirit, local amenities, and a focus on sustainable industries such as cork and beekeeping. Investors can take advantage of the area's growing interest in agro-tourism and sustainable businesses, particularly given its stunning views and proximity to beautiful beaches and the town of Monchique. This mill is versatile enough to facilitate a range of business ideas and could potentially offer a high return on investment. Historical properties often enjoy incentives and grants aimed at restoration, adding further value to your investment. Don’t miss this chance to make a significant addition to your real estate portfolio. Contact us now to learn more!
• 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
