Income Producing 12 bedroom Complex for sale with lake or river view in Nontron, Aquitaine

1,350,000 EUR 1,161,000 GBP 1,458,000 USD

Reference: 245883

Bedrooms: 12
Bathrooms: 6
Floor Size: 550 m2
Plot Size: 6 hectares / 14.83 acres

Features

Garden
Land
Lake or River Included
Private Pool
Fishing Facilities
Fireplace
Multiple Dwellings
Possible Extra Dwellings
Potential for Income
Lake or River View
Parking
Good Condition

Details

Unique opportunity to acquire a beautiful gite complex with expansive pool, nestling in nearly 15 acres of land beside a river, enjoying far reaching countryside views from its peaceful location near Nontron in the heart of the Perigord Vert.

With no close neighbours, this gite complex offers, according to its guest reviews, 'a haven of peace and tranquillity in a corner of paradise'.

The property is set on 6 hectares and is bordered by a river with a weir, a waterfall and a little island.

The main house is currently used as the owner's own accommodation and offers three en-suite bedrooms, two living rooms and the second floor is laid out as
2 studios of approximately 70m2 and 90m2. The house is equipped with geothermal heating, 18 'new generation' solar panels and its own drinkable water source.

Overlooking the river are the two stone built cottages, one with 4 bedrooms and one with 3 bedrooms accommodating 14 guests. Next door is a newly-built wooden building within which there are two x 1 bed studios (1 to be finished) and a meeting room with corner kitchen and WC. Terraces from the studio and the meeting room overlook the river and the waterfall.

Leisure activities include a 14 x 7m covered pool, fishing, countryside and riverside walks and petanque, as well as exploring everything this lovely region has to offer.

The current vendors have a successful business offering gite rentals, B&B with meals and, following the opening of the new meeting room, this year has seen the addition of residential painting and yoga courses.

A beautiful property in a truly stunning setting with an income and potential for expansion.

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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.