Investing in commercial properties in the Algarve region, such as the Oliver Oil Mill in Marmelete, can be a strategic move for wise buyers. This appealing property, listed at €850,000, comes with a spacious 551m² living area and offers potential for diverse investment opportunities. Located at the heart of Marmelete, this former olive oil factory boasts a rich history and a sturdy stone construction that holds potential for redevelopment. The area is renowned for its local community and amenities, making it an attractive location for families and businesses alike. Given its solid construction, expansive space, and panoramic views, investors can reap rewards through various business projects or rental opportunities, ensuring a beneficial return on investment. The proximity to beautiful beaches, just 24.8 km away, adds to the appeal of the location, promising not only a viable investment but also a desirable lifestyle. Explore the potential of this unique property and contact us to discuss investment options in the Algarve!
• 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
