Investing in commercial property in the Algarve can be highly beneficial, and the former olive oil mill in Marmelete presents an excellent opportunity. Priced at €850,000, this expansive 610 m² property offers potential buyers a chance to establish a thriving business or renovate the space for a unique residence. With a rich history as a prominent olive oil producer, this building retains its original features, equipment, and solid stone construction. The versatile ground floor includes an open-plan area with multiple rooms, making it adaptable for various business purposes. Its first floor offers panoramic views and ample natural light, enhancing the overall attractiveness of the space. Situated in a quaint village of around 800 inhabitants, all essential amenities, leisure activities, and scenic views are within reach. Additionally, this property is just 24.8 km from the stunning coastline, adding to its desirability. Experience the growing market and charm of the Algarve by exploring this unique property. Don’t miss out on this investment opportunity, contact us 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
