Income Producing 10 bedroom Tourism Business for sale with countryside view in Mirepoix, Midi-Pyrenees

1,250,000 EUR 1,075,000 GBP 1,350,000 USD

Reference: 247069

Bedrooms: 10
Bathrooms: 8
Floor Size: 540 m2
Plot Size: 11.51 hectares / 28.45 acres

Features

Garden
Land
Woodland
Private Pool
Equestrian Facilities
Original Features
Possible Extra Dwellings
Outbuildings
Potential for Income
Rentable Accommodation
Countryside View
Parking
Traditional Style
Good Condition

Details

Beautiful and income-producing country estate with a row of 5 cottages which have all been renovated to provide charming and rustic accommodation, each with its own separate private outside space and surrounded by lush vegetation.

The premises provides endless possibilities for generating income (currently run as a gite - a future owner may need to reapply for the necessary permissions and business registration).

The property also boasts a barn that has been developed into an outside entertainment area with a bar, seating areas and pizza oven.
Further entertainment areas include a substantial summer pool house that seats 50 people comfortably and has its own kitchen and bar area as well as wc facilities right by the enormous bespoke pool overlooking idyllic countryside and is totally private.

The property sits in over 28 acres of farmland which currently are being used for sheep, horses and chickens. There is a separate temporary yurt area within the forest which has beautiful views and could house temporary guests plus a large ruin which could be renovated to provide further accommodation (subject to necessary permissions).
The property is close to the popular medieval town of Mirepoix which boasts a beautiful town square with plenty of bars and restaurants and famous weekly market.

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France Property Buying Guide

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.