10 bedroom Complex for sale with countryside view with Income Potential in Villeneuve, Midi-Pyrenees

630,000 EUR 541,800 GBP 680,400 USD

Reference: 243330

Bedrooms: 10
Bathrooms: 8
Floor Size: 580 m2
Plot Size: 0.45 hectares / 1.1 acres

Features

Balcony
Garden
Private Pool
Multiple Dwellings
Possible Extra Dwellings
Potential for Income
Countryside View
Parking
Turnkey

Details

Fantastic opportunity to acquire a complex of a very well presented 4 bedroom house, a charming 3 bedroom guest house, 2 holiday homes, a duplex and a studio, all nestling in over an acre of beautiful landscaped gardens with pool and petanque court, located near all amenities in Villeneuve.

This spacious complex of properties comprising of a 180 m2 house converted in 2000 (ECD C), with a bright 58 m2 living room/kitchen and a 27 m2 living room. There are 4 bedrooms and mezzanine study and the house has access to to 2 covered terraces with a summer kitchen.

Attached to this barn conversion, is a house built in the 1970s. It has 130 m2 of living space (DPE E) and offers a further 3 guest bedrooms and a 75 m2,2-roomed flat with a lovely covered terrace.

Within the grounds is a 128 m2 detached house built in 2005 (DPE C) comprising two 3 and 4-roomed holiday homes each with their own private outdoor space.

There is a small barn in the courtyard containing a duplex which is in need of updating and a studio of 31m2.

Set in grounds of approximately 5,000 m2 (re-zoning being carried out) with a 9m x 4.50 m swimming pool, a 33 m2 games room with pool table and table football, a petanque court and a play area for children, this is a very real opportunity to own a spacious property for a main residence with potential income from gites / chambres d'hotes, or for a large family.

The gites and chambres d'hotes are sold furnished and equipped.

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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.