Income Producing 9 bedroom House for sale with countryside view in Padirac, Midi-Pyrenees

665,000 EUR 571,900 GBP 718,200 USD

Reference: 247117

Bedrooms: 9
Bathrooms: 6
Floor Size: 370 m2
Plot Size: 0.54 hectares / 1.33 acres

Features

Garden
Land
Fruit Trees
More Land to Buy
Air Conditioning
Possible Extra Dwellings
Potential for Income
Countryside View
Parking
Garage

Details

Wonderful opportunity to acquire 2 charming stone properties nestling in over an acre of beautiful landscaped gardens with fruit trees, enjoying far reaching countryside views from its peaceful location near Padirac.

Surrounded by some of France's most beloved and beautiful villages, this is a well maintained ensemble of two large and fully independent houses.

The original farmhouse offers 235m2 of habitable space which includes 4 or 5 double bedrooms, 2 living rooms and a very attractive contemporary verandah with lovely countryside views.

The unconverted attic could offer additional accommodation, subject to permissions. Standing on a large cellar including storage areas, a boiler room and summer kitchen, the property offers a very well laid out and spacious home with some lovely character features, including a souillarde.

The second house was originally a large stone barn and pigeonnier. Professionally converted, the building has operated as a very popular chambre d'hote but could serve equally well as a fully independent gite or a second family home. The 135m2 of habitable space, currently includes a fitted kitchen, living areas, 5 air conditioned bedrooms and 4 bathrooms, and is completely independent of the original house standing a few metres apart.

The property is ideal for multi-generational living, or a new owner who wishes to develop the business further (subject to application for necessary permissions).

The exterior of the property is well presented and offers attractive gardens, a large cistern for rainwater recuperation, a well, fruit trees and the option to include an additional area of approximately 4,000m2 of adjoining pasture if desired.

The large garage could also serve as a workshop or storage.

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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.