35 bedroom Hotel for sale with countryside view with Income Potential in Sarlat la Caneda, Aquitaine

3,900,000 EUR 3,354,000 GBP 4,212,000 USD

Reference: 246027

Bedrooms: 35
Bathrooms: 35
Floor Size: 1,500 m2
Plot Size: 6 hectares / 14.83 acres

Features

Terrace
Garden
Land
Woodland
Lake or River Included
Private Pool
Fireplace
Wheelchair Accessible
Outbuildings
Countryside View
Private
Parking

Details

Unique opportunity to acquire a beautiful 35 bedroom former hotel nestling in
6 hectares of glorious land with gardens, lake, woodland and swimming pool, ideally located by the river in the heart of Sarlat la Caneda.

Out of sight yet near all amenities, is this piece of paradise. The domain includes a former 4• hotel with 35 bedrooms, lounge, bar, reception and restaurant, swimming pool with terrace and outdoor bar.

Everything is perfectly decorated, no work needed; the exotic pieces of furniture give a crazy charm to the place, which is in perfect condition.

There is also a private house in stone renovated in the 1990s with 4 large living rooms, 4 bedrooms, a courtyard and private garden out of sight from the hotel.

This Domain is an amazing opportunity in Sarlat: hotel, weddings and seminars of course, but also senior residence, aparthotel...

Features include mains drains, wheelchair friendly, electricity on site, a well, double glazing, open fireplace.

There are barns / outbuildings in the grounds and private parking.

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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.