5 bedroom B and B for sale with Income Potential in Tocane Saint Apre, Aquitaine

477,000 EUR 410,220 GBP 515,160 USD

Reference: 244996

Bedrooms: 5
Bathrooms: 3
Floor Size: 290 m2
Plot Size: 0.44 hectares / 1.1 acres

Features

Garden
Lake or River Included
Lake or River Adjacent
Private Pool
Original Features
Outbuildings
Potential for Income
Rentable Accommodation
Parking
Traditional Style
Good Condition

Details

Charming character property with 5 bedrooms and pool created from the original mill building, in a pretty rural situation close to Tocane Saint Apre.

An imposing stone built home comes with living space of 290m2:
Ground floor- a fitted kitchen with island unit and breakfast bar, doors lead out to the dining terrace overlooking the river and the private ten metre swimming pool.
There is a huge living room / dining room with open fireplace tiled floors, exposed stone and windows overlooking the water. At the end of the living room is an office or maybe art studio or even an extra bedroom.

Upstairs: master bedroom and en-suite bathroom / WC, plus four more bedrooms and a shower room / WC.

The property sits in over an acre and has lovely well established landscaped gardens with the river flowing gently through and plenty of fish in the beautiful clear water, as well as a large gravel parking area for multiple vehicles.

There is a workshop which also houses the heating system that has both oil and wood fired boilers feeding the radiators throughout the property as well as a laundry room with shower / WC.

Possibility to create revenue from a quality bed and breakfast or by renting such a unique property for family holidays (subject to permissions).

The original mill workings are visible in many areas including the living room and of course from the outside where the wheel race remains.
The nearby town of Tocane Saint Apre has local shops and boulangeries etc whilst the larger towns of Riberac and Perigueux are 20 and 30 minutes by car.

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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.