15 bedroom Hotel for sale in Calle Almenara, Madrid

1,300,000 EUR 1,118,000 GBP 1,404,000 USD

Reference: 202542

Bedrooms: 15
Bathrooms: 10
Floor Size: 1,000 m2
Plot Size: 0.25 hectares / 0.62 acres

Features

Terrace
Possible Extra Dwellings
Potential for Income
Mountain View
Outstanding View
Parking
Good Condition

Details

Small resort, restaurant & charming events areas, located just on the edge of the charming village of Calle Almenara near Madrid, in a residential area with all services and with stunning views over the valley and the mountains, in an ideal area for rural tourism.

The complex is composed of 2 joint estates set within 2.500m2 of land, 1,000m2 of which is built on.

There are 8 accommodation modules with a capacity for 40 guests in separate rooms and apartments. The larger ones can be used in a segregated way.

There is a reception area with a boutique corner, office, room for maintenance staff and a small apartment for the manager.

Cafeteria/bar, with views to the south over the valley, mountains and lovely sunsets. Terrace with a small meadow with small farm animals so that children can play in sight of their parents from the bar and its terrace. In addition, the bar communicates with a cosy room which has been carved into the bedrock resulting in a chill-out cave.

Living/dining room with a covered terrace and unmatched views to the valley that can accommodate up to 70 diners.

A large terrace in the northern part of the property with a BBQ/bar, a stage and enough space for around 200 diners at summer events. Right next to it, there is another green area where wedding ceremonies and cocktails are performed in total privacy.

Additional outdoor spaces: garden and a swimming pool on the west side, 2 private open air chill-out areas, and a parking lot for 10 cars.

Additional interior spaces: laundry areas, industrial kitchen, and specially the top part of one of the buildings (which is currently unprepared and provides a storage service) with potential to be transformed into 5 double rooms with bathroom or a large 180m2 living room.

There is also urban parcels of land alongside the east side of the complex (7,500m2 in total) for sale. This could represent a possibility to triple the current accommodation capacity of the business.

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Spain Property Buying Guide

1. Putting down a Holding Deposit

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.

2. Setting up a Pre-agreement (Contrato privado de compraventa)

The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.

3. The Contract (Escritura de compraventa)

Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.