Commercial for sale in Montefrío, Granada

An impressive multi-purpose events and hospitality venue in a beautiful rural location 4 kms from the historic small town of Montefrio.

1,041 m2 Built Area
6,477 m2 Plot Area

2 Main Events Spaces (120 guests and up to 200 guests in each space)
Bodega for smaller, more intimate events
Characterful Bar and Restaurant
4 Bedroom Owners’ Apartment in the main building
Separate staff apartment and additional studio apartment
Pool
Stabling and outhouses that could still be used for equestrian purposes or converted into holiday chalet accommodation.

This is a fascinating property that offers scalable opportunities for income generation through tourism and hospitality. It is located in a lovely corner of Granada Province close to the historic small town of Montefrio, acknowledged by National Geographic as having one of the best views in the world.

Behind the property, the cliffs of La Peña de los Gitanos emerge from the trees; this is a very interesting archaeological site with dolmenes dating back to the late Neolithic age, and there are Roman and Visigoth remains in the area.

For an investor who is looking for a scalable tourism or events-based business opportunity, then this property is particularly interesting.

The main events spaces could generate income almost immediately, without heavy upfront investment. Rent out the spaces for weddings, baptisms, birthdays and other such activities and catering can be brought in from outside, so income is simply generated from the rental of the excellent event spaces.

There is one enormous salon that can seat up to 200 guests and this has its own entrance and bar, with connection to the central kitchen. This salon also has its own guests’ cloakroom and a stage at one end for entertainment providers.

The second main event space is at the front of the building: a splendid timber-beamed, predominantly glazed space that can seat 120 people. There are wood-burning stoves at either end of the room for cozy winter events. This part of the complex was built 7 years ago and is fully double-glazed and well insulated.

In the main building, there is a very characterful bar and restaurant space with wood-burning stove, exposed beams and exposed brick walls; a warm, welcoming and intimate space with guest cloakrooms.

The kitchen is a fully-equipped catering kitchen with two areas for food preparation and serving. There are several chiller cabinets, multiple gas rings and ovens, a plancha and other cooking surfaces for a whole range of catering styles and culinary requirements. The kitchen is centrally located, so is easily accessible for all event areas.

On the top floor of the main building, there is a 4 bedroom owners’ apartment that was only refurbished 7 years ago. The apartment has a private entrance at the rear, and a living room, kitchen/breakfast room and bathroom.

In the outbuildings at the rear of the property there is a staff apartment with 1 bedroom, living room and bathroom. There is a second studio apartment with open-plan living/bed/kitchen area and a bathroom. Additional store room.

The stables have 4 loose boxes and there are outbuildings for use as tack rooms, and there is a generous concrete yard.

On a terrace above the yard, there is a raised terrace with an inset pool.

Access to the property is very straightforward, with wide gates that open onto a very large car parking area, ideal for cars and coaches.

There are many possible uses for this property, including using part of the car park for caravans or motorhomes.

In time, investment can be made in the outbuildings to create a series of holiday chalets, proving yet another source of relatively passive income.

As a starting point, if you were to host 20 weddings or large events here a year, income from the event room rental alone could generate well in excess of €80,000 per year. As the business grows, then it would make sense to invest in the creation of guest accommodation.