HAIN95: Millers House

Penela, Coimbra

Price:

€95,000

Miller's house, mill, and olive press with approved renovation project on 2,500m2 land

Property Advertised by: Owner

Property Description

This lovely old Mill property is situated in a stunning location in a beautiful secluded forested valley on the River Dueça and is close to the medieval town of Penela.

The property has over 100 metres of river frontage that feeds a waterfall and a natural pool at the end of the quiet, secluded, extensive garden.

The property comprises a Mill, a Miller’s house and large olive press (Lagar). The various stone buildings have a combined living area of nearly 700m2 and the finished project – including renovating the Lagar – would have at least 8 bedrooms. The Mill and Miller’s house are 376m2 and the Lagar is 322m2.

There is approximately 2,500m2 land, surrounded by wonderful countryside.

A project has been submitted to convert the Mill and Miller’s house to a family home and has been approved. The current plans can be extended up to 10% in size, if required. Full plans for both projects are available on request.

The Mill and Miller’s house Restoration/re-building works are currently in progress. Joining the Mill and Miller´s house will realise a 3 or 4 bedroomed family home (all bedrooms have bathrooms en suite) with a large farmhouse-type kitchen, living room and hall. There is extensive parking in a courtyard between the Mill house and Lagar.

The Lagar There are plans for a substantial 5-bedroomed (all en-suite) house, including facilities for the disabled, a kitchen, living room and dining area. This could be used for Turismo Rural accommodation; perfect for anyone seeking a new life in Portugal while generating an income.

This is an interesting development with lots of character and potential. The buyer has the option of creating a spacious family home, realizing rental income from the Lagar as a separate entity or turning some very fertile land into a smallholding to grow fruit, vegetables, flowers. It also has eco possibilities.

Another possibility – the two projects are registered individually: the Mill and Miller’s house as one unit and the Lagar as another. Both projects have land, and can be sold separately.

Electricity and water is on site.

The property has access to the country roads that link the towns of Miranda Do Corvo, Penela and Lousã. The new A13 road is 15 minutes away and takes you directly to Coimbra and Tomar and also links with the main north/south A1 motorway. There is also easy access to the famous ‘Silver’ coast and wonderful Atlantic beaches, which are less than an hours drive away. Coimbra, famous for its university and former capital city, is 30 minutes to the north and the Knights Templar town of Tomar is 40 minutes to the south. Lisbon and Porto airports are both 2 hours away.

Property Location

For owner privacy, map may not show exact location of the property.

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