Income Producing 24 bedroom Hotel for sale with countryside view in Agen, Aquitaine

2,288,000 EUR 1,967,680 GBP 2,471,040 USD

Reference: 245205

Bedrooms: 24
Bathrooms: 24
Floor Size: 1,840 m2
Plot Size: 3.21 hectares / 7.93 acres

Features

Garden
Land
Woodland
Private Pool
Air Conditioning
Possible Extra Dwellings
Potential for Income
Countryside View
Quiet Area
Parking
Good Condition

Details

Luxuriously renovated 24 bedroom hotel with two restaurants nestling in 8 acres of glorious landscaped gardens with expansive pool, while enjoying wonderful countryside views from its peaceful location near Agen.

This hotel or private property is perfectly situated between Toulouse and Bordeaux and is the ideal location for an investment or company with two restaurants on site. The chateau has been renovated to a standard rarely seen in the region to create an upmarket hotel with a thirty cover restaurant and a second seventy cover restaurant.

The chateau of over one thousand four hundred square metres is set in the middle of a large wooded garden with a courtyard that gives access to the swimming pool which is perfect for a relaxing stay for guests.

Only forty minutes from Agen with its train station provides perfect access for guests wishing to spend a long weekend in peace and quiet.

The property of over twenty rooms including three gites which are all air-conditioned, have been renovated to a standard and design reminiscent of the grand hotels of the Pays de la Loire or the Parisian countryside.

The estate is an exceptional venue for weddings, accommodating a large number of guests in breathtaking surroundings.

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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.