Property Description

Excellent property consisting of a land bordering a river with an old water mill and a lagar (olive mill), in ruins, to renovate, located near Penela.

The land has about 3,600m2 and the total construction area available is about 700m2.

It is located in a forest valley, bathed by the Dueça River, near the medieval village of Penela. The property has more than 100 metres facing the river! Possibility to remake a semi existing dam, which would create a nice natural pool.

The property features a mill, miller house and the lagar press.

The various stone buildings have an area of almost 700m2 and the project that was considered for renovations of the Lagar will have at least 8 rooms.

The miller’s house has 376m2 and the lagar has 322m2.

A project was prepared to convert the miller’s house into a family home, which was approved by the respective City Council.

This work has already begun and the new structure has been built (as seen in the photographs).

Regarding the Lagar, there is a project to transform it into a house with 5 bedrooms (all en suite), kitchen, living room and dining room.

This project, with enormous potential for a quality Rural Tourism.

The property already has piped water and electricity.

The new A13 motorway is just 10 minutes from the property and connects easily to other cities, Coimbra, is 20 minutes north and Tomar, the city of the Templars, 30 minutes south.

Don’t miss this excellent investment opportunity.