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Reference 246476

Income Producing 6 bedroom Wine Estate for sale with countryside view in Nogaro, Midi-Pyrenees

4,134,000 EUR
3,555,240 GBP 4,464,720 USD
Unique opportunity to acquire an award winning Armagnac estate of a beautifully restored fully furnished 3 storey, 6 bedroom Maison de Maitre house with outbuildings and expansive pool,nestling in 15 hectares of glorious land and vineyards while enjoying far reaching countryside views from its peaceful location in Nogaro.

This is the perfect "turnkey" operation with all the ingredients needed to continue to run this successful business, as the current owners who do not live in France full time have done for two decades. Equally importantly, the offering includes twenty years of award winning stocks in oak barrels ageing in the magnificent large recently constructed chai/aging cellar.

The heart of any vineyard property is, of course, the terroir and vines. This property is located in the Grand Bas Armagnac, the small sliver of land noted for producing the highest quality Armagnac. The vineyards, which surround the house on three sides, are planted in Baco, Ugni Blanc and Folle Blanche, the classic grapes used to produce the finest Armagnac. The vineyard has been officially certified organic since 2012.

No expense was spared by the owners in the newly constructed chai which is an oak framed building designed in traditional Gascon style and built to achieve the ideal environment for the ageing of Armagnac. It includes an air conditioned central area with large glass sliding doors, which has been used to house the alambic during the distillation process, and could provide space for tastings and a variety of other activities during the remainder of the year.

An open tread oak staircase on three sides with viewing doors into the other areas leads up to an impressive large room with windows on all four sides with a view over the vineyards. It has an oak floor, fireplace and sink and could be used as an office or for hosting functions or tasting events.

On the ground floor there is a sizeable bottling area in the back as well as a storage room where bottles and supplies are kept. There is a bathroom on the opposite side of the bottling room and another large set of doors in the middle of the back wall that lead out to an exterior deck with views over a small pond and the vineyard. Doors on both sides of the central area lead to the two large ageing rooms which provide the ideal environment for the maturation of the Armagnac.

The older outbuildings house the vinification cellar where the harvest is brought in, the grapes are pressed and the juice fermented. There is also room in the remaining outbuildings for car storage and more than ample space to add additional guest rooms or a spacious caretaker quarters if desired.

THE HOUSE

Extensively and tastefully renovated to the highest standards by the current owners to provide a comfortable family home with all of the modern conveniences. The original features have been retained and are beautifully enhanced by the furnishings. It is bright and airy with a nice flow throughout and all the comforts for a modern lifestyle. The house is entered through the original double wooden doors to a hallway with terracotta tiles and an antique wooden and iron staircase. To the right one enters a double sized living room with a colombage wall and a very large traditional open stone fireplace with space on both sides for the storage of logs. French doors on the opposite end of the room lead to the pool area.

To the left of the entrance one finds the formal dining room which also has classic colombage walls, another rustic stone fireplace and an ancient stone sink. A short corridor leads from the dining room to a vanity and a large fitted kitchen with a restored bread oven. There is a utility room off the kitchen and ample space to have an informal dining area if desired. From the kitchen there is a step down to another room currently used for casual dining. That room, in turn, opens to a very large room suitable for a variety of purposes with a wall of windows and doors looking onto a courtyard with a fountain.

An insulated racked wine storage room is at the far end as well as an interior door to the attached vinification cellar. At the other end of the corridor off of the dining room is an office that could easily be used as a ground floor bedroom as it has a full bathroom with both shower and bath.

Upstairs there is an open plan central library area with a Juliette balcony. To one side is a spacious master suite with a fitted wardrobe and luxurious jetted bath, separate shower and double washbasins sitting on a custom made unit. To the other side of the floor are two nicely sized bedrooms, both with large en suite bathrooms.

There is a large living room on the second floor with bedrooms at each end. This floor has its own bathroom with both shower and bath as well as views of the Pyrenees.

Outside there is a large (7m x 14m) salt swimming pool with surrounding wooden decking. A few steps leads to a pool house and barbecue area with ample deck space for dining al fresco or simply lounging.

There are other areas of grounds which could be developed into a vegetable garden. All of this is contained in a landscaped area that provides complete privacy and room for a variety of lawn games.

In addition, there is a small orchard planted to heritage fruit trees adjacent to the vineyards.

This is a wonderful opportunity to acquire a beautiful spacious property and successful business in a quiet location but only a few kilometres from multiple towns with a wide range of facilities. This area is close to the motorway network providing easy access to the Atlantic beaches and Pyrenees ski slopes. The regional airport at Pau is about half an hour away and the international airports of Bordeaux and Toulouse around 1hour 30 minutes and 2 hours.

Features

Reference246476
Price4,134,000 EUR
Number of Bedrooms
Bedrooms
6
Number of Bathrooms
Bathrooms
5
Floor Space in Metres Squared
Floor Space
400.0m2
Land Size in Metres Squared
Land Area
14.9 Ha

Location

Where is this property?

This Estate is located in Nogaro in France

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Airports near Nogaro

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Biarritz125km
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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.