8 bedroom House for sale with sea view with Income Potential in Le Cannet, Provence Alpes Cote d'Azur

9,900,000 EUR 8,514,000 GBP 10,692,000 USD

Reference: 247818

Bedrooms: 8
Bathrooms: 8
Floor Size: 365 m2
Plot Size: 0.47 hectares / 1.16 acres

Features

Fireplace
Air Conditioning
Garage
Private Pool
Land
Possible Extra Dwellings
May Require Improvement
Garden
Balcony
Terrace
Sea View
Multiple Dwellings
Potential for Income
Parking

Details

Enjoying wonderful panoramic sea views from its prestigious elevated location on the hills above Le Cannet, is this outstanding 8 bedroom Provencal style Bastide with guest house, nestling in over an acre of glorious landscaped gardens with pool.

This is a rare opportunity to acquire a superb property overlooking the harbour of Cannes and the mountains of Esterel, facing South-West, offering exceptional potential.

The spacious 365m2 comprise of a dining room, living room, laundry room, stock room, fitted and equipped kitchen, 8 bedrooms with walk in wardrobes, including a Master and 8 bathrooms/shower rooms.

The terraced grounds of approximately 4,691m2 are planted with magnificent olive trees and century-old oaks. There is a 2 car garage, separate guest house or guardian's house, and independent suite.

Renovation work will bring back the nobility, charm and authenticity of its construction, tarnished by the years, and provide all the comfort needed for today's family life.

There is the possibility of building a contemporary property of 1,000 m2 - Planning permission has been accepted and is currently valid.

FEATURES
Electric Gate
Intercom
Caretaker
Alarm System
Outdoor Lighting
Barbecue
Irrigation Sprinkler
Car Port
Electric Shutters
Crawl Space
Internet
Sliding Windows
Double Glazing

Show Map

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.