Project 22 bedroom Hotel for sale with countryside view in Angouleme, Poitou-Charentes

1,378,000 EUR 1,185,080 GBP 1,488,240 USD

Reference: 235869

Bedrooms: 22
Floor Size: 1,800 m2
Plot Size: 1.6 hectares / 3.94 acres

Features

Lake or River Included
Outbuildings
Potential for Income
Countryside View

Details

Exciting opportunity to become the owner of this impressive Eighteenth Century estate which was at one time one of the most famous hotels in the Charente region.

Situated just 10 minutes from Angouleme with its TGV station, this charming character property with 22 bedroom comes with living area of 1,800m2 and sits in almost 4 acres with a verdant and attractive setting.

It features numerous beautiful reception rooms (including one of 200m2), with accommodation capacity of 20 hotel bedrooms, but could offer up to 30.
The property includes a large professional kitchen as well as a second kitchen. The large outbuildings can lend themselves to many projects.

The property is in need of a refurbishment, but is structurally in good condition (notably the roofs). Land size is approximately 1.6 hectares crossed by a river, with the chance to expand the estate if desired.

An ideal project for a hotel or a senior residence.

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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.