Income Producing 15 bedroom House for sale in Ruffec, Poitou-Charentes

449,440 EUR 343,957 GBP 431,946 USD

Reference: 247551

Bedrooms: 15
Bathrooms: 7
Floor Size: 155 m2
Plot Size: 0.27 hectares / 0.66 acres

Features

Details

Excellent income generating opportunity with this beautifully presented existing gite business, which is ideally situated in a quiet setting within the sleepy village of Villefagnan, with a swimming pool, lovely countryside views and 2,668m2 of land.

With 5 gites and a farmhouse, these superb properties have much to offer and the potential for income from an already established business.

Accessed through gates into a courtyard, the stone built farmhouse, which is full of character and charm, has 5 bedrooms and 2 bathrooms. It is the main residence and overlooks fields to the rear from a private courtyard garden. The farmhouse is currently split into family 2 homes by the owners. This could easily be changed back into 1 large family home.

Farmhouse (1):
Ground floor: open plan kitchen/dining/living room with a wood burner. 2 good-sized bedrooms and a shared bathroom upstairs.

The farmhouse (2):
Ground floor: entrance hall, downstairs WC, large kitchen/diner with access to a rear courtyard. Large living room with wood burning stove.

First floor: 3 bedrooms and a shared family bathroom.

The 5 gites are set around a communal courtyard and all have outside space to relax.

Gite 1: open plan living area, ground floor bedroom, upstairs is a second bedroom and large shower room. Exposed beams throughout.

Gite 2: open plan kitchen/dining/living room area, 2 bedrooms on the first floor and a family bathroom.

Gite 3: large sitting room leading into a large kitchen/dining space. 2 bedrooms upstairs and a shared bathroom.

Gite 4: large open plan kitchen/living/dining area downstairs, opening to a private garden, upstairs to a shared bathroom and 2 double bedrooms.

Gite 5: downstairs a large open plan kitchen/living/dining space with pellet burner. The living room opens out to a private garden. Upstairs is a shared bathroom and 2 double bedrooms.

Set in the communal area is a large swimming pool. Parking for many vehicles.

Located just 16 minutes from Ruffec and the shops, restaurants and bars that this market town provides. Easy access to airports in Poitiers and Limoges which boast all year round flights.

Show Map

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.