Project 3 bedroom Farmhouse for sale in Perpignan, Languedoc-Roussillon

895,000 EUR 769,700 GBP 966,600 USD

Reference: 245739

Bedrooms: 3
Bathrooms: 3
Floor Size: 605 m2
Plot Size: 1.93 hectares / 4.78 acres

Features

May Require Improvement

Details

Exciting development opportunity with this partially constructed residential house and adjoining professional premises set in almost 5 acres on the outskirts of Perpignan overlooking the entire Roussillon plain and Mont Canigou.

This property is partly constructed with the architecture of a traditional stone farmhouse, stopped at the structural stage totalling more than 600m2 of living space.
The initial project with a building permit still valid to this day concerns:

• The main house: a house of 376.76m2 of living space built on 2 levels.
On the ground floor: an entrance porch leading to an entrance, a living room of 114.59m2 leading to a south-facing terrace of 51.85m2 and a north-facing terrace of 56.63m2, a kitchen of 36.43m2, a 2nd reading room of 36.43m2, a pantry, two master suites with adjoining bathroom of 34.75m2 each, an office of 16.09m2.
On the first floor: a master suite with adjoining bathroom of 37.14m2 leading to a south-facing terrace of 39.24m2.

• The premises for professional use offer 227.75m2 of living space including two reception rooms of 86.92m2 and 44.23m2, a laboratory of 28.44m2, three cabins of 10.12m2 each, a kitchen of 20.81m2.

• The whole is linked by a covered terrace of 98.31m2.

• The total reference living space is: 604.51m2

This property, partly constructed, would be ideal for a residential home and tourist reception project such as lodges, hotels or a family reunion project, or a single, large family home.

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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.