Income Producing 15 bedroom House for sale with panoramic view in Saint Gervais les Bains, Rhone-Alpes

1,995,000 EUR 1,715,700 GBP 2,154,600 USD

Reference: 243703

Bedrooms: 15
Bathrooms: 4
Floor Size: 861 m2
Plot Size: 0.27 hectares / 0.67 acres

Features

Balcony
Terrace
No Pool
Skiing Area
Possible Extra Dwellings
Potential for Income
Mountain View
Panoramic View
South Facing
Quiet Area
Parking
Traditional Style
Turnkey
Good Condition

Details

Charming 15 bedroom farmhouse, with its origins dating from 1832, which is currently used as a rural gite and holiday cottage.

The property has a total floor area of approximately 861m2, including approximately 506m2 of living space, complete attic space for conversion and other useful areas.

The property is spread over 4 levels, which are currently divided into 12 bedrooms with bathrooms, WC facilities and various shared reception rooms. There is also a professional kitchen, dining room, games/relaxation room, entertainment room, as well as 63m2 of staff accommodation, a second 2 bedroom furnished holiday home and almost 100m2 of attic space that could be converted.

All built on a very attractive plot of around 2,725 m2, most of which can be built on and faces south-east, with a dominant views over the village of Saint Gervais Mont Blanc, the Domes de Miage and the Prarion and the Fiz mountains.

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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.