Apartment for sale in Madrid, Madrid, Spain

£492,281 (€550,000)
Apartment for sale - 20 bedrooms 20 20
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Property description

This is a great investment opportunity to purchase the freehold of stunningly located rural hotel.

It is located in Casillas (Avila) which borders the province of Madrid and is just a 1 hour drive from Madrid city. Also Avila, Toledo, and Talavera de la Reina cities are just an hour away. The hotel is located in Sierra de Gredos and is surrounded by breathtaking natural beauty with panoramic mountain backdrops, pine forests, lakes, waterfalls and much more; all in all a rural paradise for relaxation and appreciating a different side of Spain.

There are 12 bedrooms with en suite facilities in each and 2 of the rooms have been modified for disability with full disabled facilities and access in place.

As an extra bonus to the bedrooms there are also 4 flats, each with 2 bedrooms, a living area and bathrooms in each – perfect for owner accommodation or even long term rental if required.

Build size is 1000 square metres with 9000 square metres of land encompassing facilities including a private swimming pool, parking, nature trails, bar, restaurant, laundry and storage buildings. There is also permission in place from Junta de Castilla y Leon authorities to build an extra 1000 square metres giving great expansion potential.

This can be purchased for private ownership and management or there is an option of a guaranteed long term tenant delivering a good yield in the short, mid and long term without having to run the operation.[iw]

Property location is approximate. Please contact the agent for further details.

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For more information about this property, please contact
OCC Property Group, 0318 on +44 330 098 9506 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by OCC Property Group, and do not constitute property particulars. Please contact OCC Property Group for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.