Income Producing 22 bedroom Hotel for sale with panoramic and countryside views in Castres, Occitanie
The 3 star property comes with 22 bedrooms , 4 dining rooms, large terraces, beautiful garden heated swimming pool and staff accommodation which could also be converted ( 350m2)
This magnificent and charming Medieval historic residence is formerly the family home of a famous French family.
It has been renovated with exquisite taste, preserving all its authenticity, including a beautiful central staircase, beautiful floors, stone fireplaces, exposed stonework, partly also in the bedrooms and hallways, in harmony witho...
The 3 star property comes with 22 bedrooms , 4 dining rooms, large terraces, beautiful garden heated swimming pool and staff accommodation which could also be converted ( 350m2)
This magnificent and charming Medieval historic residence is formerly the family home of a famous French family.
It has been renovated with exquisite taste, preserving all its authenticity, including a beautiful central staircase, beautiful floors, stone fireplaces, exposed stonework, partly also in the bedrooms and hallways, in harmony without it being too heavy or dark.
The work was carried out with care, with perfect finishes and high-end materials.
This exceptional hotel, restaurant and bar is located in the greater Castres region, Occitanie, in the South of France.
It caters to an international tourist clientele, with significant potential for further development such as a spa, gym, seminars etc.
Regular inspections and compliance checks are carried out.
The entire establishment is tastefully decorated and features quality furnishings.
The superior rooms are air-conditioned.
There are 4 dining rooms, three of which are medieval and of varying sizes, a bar, 22 bedrooms, two large terraces, and a beautiful shaded garden with a heated swimming pool covered by a high shelter, offering views of the village and countryside.
In addition, there are various rooms of approximately 350m2 awaiting conversion, the ideal space for further revenue development.
The hilly landscape offers fantastic views, dotted with authentic villages, each more beautiful than the last, unspoiled nature, a rural environment renowned for its quality food production, and yet major cities and international airports are within easy reach.
A tranquil and forgotten corner of France, where today, a high quality of life is still found.
Walls and goodwill are sold together.
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This Hotel is located in Castres 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.