Income Producing 11 bedroom Villa for sale in Perpignan, Occitanie
Main House:
Ground floor - kitchen recently renovated in 2023 to a high quality finish - rear kitchen - living room of over 60m2 with fireplace and veranda 16m2 - wc - summer kitchen and covered terrace to rear of property
Upstairs - 3 bedrooms each of 13m2 with fitted wardrobes - 1 master bedroom of 15m2 with mezzanine level 6m2 and en suite shower room 5m2 - access to attic space for storage - bathroom with bath tub, shower, wc and sink
Attached gite:
Ground floor - fitted and equipped k...
Main House:
Ground floor - kitchen recently renovated in 2023 to a high quality finish - rear kitchen - living room of over 60m2 with fireplace and veranda 16m2 - wc - summer kitchen and covered terrace to rear of property
Upstairs - 3 bedrooms each of 13m2 with fitted wardrobes - 1 master bedroom of 15m2 with mezzanine level 6m2 and en suite shower room 5m2 - access to attic space for storage - bathroom with bath tub, shower, wc and sink
Attached gite:
Ground floor - fitted and equipped kitchen with verranda 16m2 - open plan living area 26m2 - wc
Upstairs - shower room - wc - 3 bedrooms (15, 15 and 16m2)
Independent Gite:
Single level property - open plan living area with fitted kitchen - 3 bedrooms each of 10m2 - 1 office 5m2 - 1 shower room with wc - 1 bathroom with wc
Each property has a private fully fenced garden with terrace and barbecue area
Swimming pool over 12m in length is set behind the main property and has an extensive sun terrace
Separate garage or storage building
Separate laundry room with shower
Boules
Garden shed
Landscaped grounds and private setting
An idyllic setting with a reliable revenue, repeat business and excellent rankings on various booking sites.
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Where is this property?
This Villa is located in Perpignan 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.