Unique Estate for sale with countryside view in Saint Emilion, Nouvelle Aquitaine
This prestigious area is known all over the world for its wine making, and the estate is planted with Merlot vines. There is a possibility to extend the vineyard with some parcels of Merlot and Cabernet-Franc.
The two properties included enjoying uninterrupted countryside views.
There is a typical stone house (need to be refurbished, old tiles and chimneys have been preserved), and a stone winery for the production of the wine (installations have to be created inside the winery as the wine is currently produced in another place).
The soil (sablonneux and argil...
This prestigious area is known all over the world for its wine making, and the estate is planted with Merlot vines. There is a possibility to extend the vineyard with some parcels of Merlot and Cabernet-Franc.
The two properties included enjoying uninterrupted countryside views.
There is a typical stone house (need to be refurbished, old tiles and chimneys have been preserved), and a stone winery for the production of the wine (installations have to be created inside the winery as the wine is currently produced in another place).
The soil (sablonneux and argilo sablonneux) is perfect to produce structured, silky and enjoyable wine that you can drink young or aged.
From the property, you have a beautiful view over the hills of the appellation.
The vineyard is a very good condition thanks to the work made by the current wine growers who have been living in St Emilion for many generations.
FEATURES
Outbuilding: 190 m2
House: 260 m2
House: 200 m2.
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This Estate is located in Saint Emilion in France
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Buying a Property in France
1. Signing the Agreement (Compris)
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner.
The next step, once you are in agreement, is to sign the preliminary contract (Compromis de Vente). This is a legal document and after ten days will be binding on both parties. Rules change frequently in France and it is best to consult with your notary about when this period starts. Generally the compris will be signed in France with the Agent.
Variants can be included in the compris, for example an Acte (clause) can be added if the name or names to go on the title deed have not been finalised. If a mortgage will be required to purchase the property, the details for this, including the name of the mortgage company, must be on the compris.
2. Paying the Deposit
Generally the deposit will be 10% of the agreed purchase price. This will normally be paid to the notaire. There are exceptions to this, if the agent holds a carte professionelle, is bonded and fully registered then you may pay them, but do not hand over the deposit to anyone else. If for some reason the purchase does not go through, for example, if you write to the notaire and the agent that you do not wish to go continue with the purchase before the contract is binding (within seven days of signing the compris), then your deposit would be repaid. This would also apply if a condition had not been met, or the mayor or S.A.F.E.R. (a government agency that has the right of first purchase on most rural property that comes onto the market in France) could oblige the purchaser to give way. If you decide after the seven days 'cooling off' period that you do not wish to complete the purchase and pull out of the sale you would lose your deposit. If however the vendor pulls out of the sale then you will receive your deposit back plus the same amount from the vendor.
3. On Completion
Generally it will take around two or three months to complete the purchase.
During this time the balance of the purchase money must be paid into the account of the notaire, this must be done well ahead of the completion date. The notaire will prepare the documents, check that the deed of sale (Acte de Vente) is in order and have the legal title ready to be signed over. It is possible to have someone sign on your behalf if you give them power of attorney. An interpreter may be of use at this point if your French is not very good and many Notaires will suggest (or insist) that an interpreter is with you.