Inviting 17 bedroom House for sale with panoramic view in Lauzerte, Midi-Pyrenees
Currently run as a successful business and ideally located on the pilgrimage route to Compostela, with the 12th Century town of Lauzerte inviting guests to stroll through the narrow streets and admire the spirit of the town, which will amaze anyone with its thousand year old pilgrimage history and its amazing views of the surrounding countryside.
The commercial area of the property has 13 rooms (2 dormitories of 13 beds) and can accommodate up to 30 people. There is wheelchair access and a restaurant with a professional kitchen, bright and spacious communal room, professional laundry and storage space. The business could accommodate groups, corporate seminars, training and family parties. The business part of the property is sold fully furnished.
The private area is bright, spacious and comfortable and consists of 4 bedrooms, 2 bathrooms, a kitchen, storage room, living room with a pellet burner and access to a patio with beautiful views.
There is also a double garage with plenty of storage space and electric doors. To the rear of the house there is a garden with established fruit trees and shrubs.
Don't miss a great opportunity to learn about a thriving business with a great lifestyle.
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This House is located in Lauzerte 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.