Income Potential 7 bedroom Farmhouse for sale in Ladignac Le Long, Limousin

682,500 EUR 586,950 GBP 737,100 USD

Reference: 243116

Bedrooms: 7
Bathrooms: 5
Floor Size: 208 m2
Plot Size: 6 hectares / 14.83 acres

Features

Balcony
Terrace
Lake or River Included
Fishing Facilities
Possible Extra Dwellings
Potential for Income
Parking
Good Condition

Details

Unique opportunity to acquire a beautifully renovated 5 bedroom single storey house with two one bedroom gites, surrounded by 6 hectares of glorious land with pool and a 6,000m2 lake, enjoying scenic countryside views from its location near Ladignac le Long.

Situated in the heart of the Limousin countryside, this fabulous property has been renovated with taste and style, using quality materials.

The main house comprises on the ground floor of a large open plan kitchen - dining room, ideal family room, with double doors to access the living room, office, WC and utility room.

On the first floor are 5 good size bedrooms, one with en-suite bathroom and balcony, family bathroom and a WC.

Gite one comprises on the same level of a bedroom, living room, kitchen and bathroom.

Gite 2 comprises of on the same level, a bedroom, bathroom, kitchen, dining room and living room.

A mobile home is also sited with a terrace and two bedrooms.

Outside, the property is surrounded by 6 hectares of land, including a swimming pool, bar house, lots of meadow land, and a 6,000m2 stocked fishing lake, this has not been exploited but is authorised for commercial fishing.

Photos or words cannot describe this property its a must to view, with huge potential for anyone looking to create a tourist project, camping, fishing etc etc.

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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.