Income Producing 8 bedroom Farmhouse for sale in Montastruc, Aquitaine

750,000 EUR 645,000 GBP 810,000 USD

Reference: 246674

Bedrooms: 8
Bathrooms: 7
Floor Size: 410 m2
Plot Size: 3.87 hectares / 9.57 acres

Features

Details

Hugely impressive property, full of light and space offering versatile accommodation and an income stream, with lovely pool area and countryside views.

The main house comes with lots of private space and more to share with the ground floor two bed apartment below, perfect for visiting family and friends but equally an opportunity to rent out too as it has its own access besides the internal stairway.

There is a welcoming covered terrace, perfect for all weather, a sitting room with a fireplace and wood burning stove, a dining room, a further sitting room which is an great sun trap and stairs lead from here to the principal bedroom suite offering an array of oak built-in wardrobes, an en suite shower and dressing room.
The kitchen is fully equipped with a central island and the French doors lead onto the wooden balcony with superb views of the countryside beyond.

Another farmhouse features two self contained apartments that form part of this vast ensemble. There is a communal entrance and each has a private outside space.
The first has an open plan living /dining area with a fully fitted kitchen, a bedroom and door to the balcony beyond, shower room and wc. The second one offers a large entrance hallway, open plan living /dining and fully equipped kitchen. Two bedrooms, a shower room with a wc, a further wc and laundry room.

There is an attic space above, it traverses both apartments and would be suitable for a further renovation project if desired (subject to necessary permissions).

A large barn offers a further 330m2 of space, traditionally built with vaulted oak beams and stone walls, 2 large entrance doors, electric lighting and power and currently used for storage and garaging.
This is an exceptional space with great potential. Photovoltaic panels are installed on the roof.

The land is extensive, there are numerous plum trees, other fruit and nut trees, open spaces and secret seating areas, a petanque court too and shingled parking for numerous cars.

This property represents an excellent opportunity to acquire a large property offering income potential, large family living and an opportunity for business growth too (subject to necessary permissions).

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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.