Income Producing 9 bedroom House for sale in Valliere, Nouvelle Aquitaine
Built in 1892, the spacious 466m2 residence started life as a catholic girls' school. Over the years it has been an orphanage, a hospital, and a presbytery, and is now offers the chance for immediate rental income as an established business.
Alternatively it would make a beautiful home, perhaps for multiple generations.
Basement - gym, laundry room, wine cellar and store.
Ground floor - Entrance hall and central corridor giving access to the rear of the property and a door down to the basemen...
Built in 1892, the spacious 466m2 residence started life as a catholic girls' school. Over the years it has been an orphanage, a hospital, and a presbytery, and is now offers the chance for immediate rental income as an established business.
Alternatively it would make a beautiful home, perhaps for multiple generations.
Basement - gym, laundry room, wine cellar and store.
Ground floor - Entrance hall and central corridor giving access to the rear of the property and a door down to the basement. Professional kitchen with pantry next door. Dual aspect dining room with woodburner. Art room. Office.
Apartment comprising large salon, bedroom with dressing room and shower room, currently used as owner living space.
First floor - One apartment: living room with kitchenette ((36m2), bedroom (20m2), with shower room and dressing room off. Library/reading room with the stunning and original stained glass windows. Two bedrooms with en suite shower rooms. Further bedroom with sink.
Second floor - 4 bedrooms, two with en suite shower rooms (26m2 and 29m2), not including shower rooms). One suite with main bedroom, two showers and WC, internal corridor and a separate family/children's room (20m2 and 14m2).
Loft space.
Outside there are lawns and established trees, a little corner for Ouessant sheep eco-lawnmowers, a wood-fired sauna and hot tub, a garage, woodstore and last but not least, a covered area with comfy sofas to relax of an evening.
Main measurements (all approximate):
Total surface area: 484m2 Plot area: 3,560m2
GROUND FLOOR Sejour 5.2m x 6.3m Owner Bedroom 4.6m x 3.7m Dining room 6.4m x 4.8m Kitchen 3.6m x 3.5m (separate pantry) Art room 5.1m x 2.8m
FIRST FLOOR Apartment: Salon 6.1 x 6.4m, Bedroom 4.8 x 4.31m with ensute shower room and WC, and dressing area. Bedroom (Adolphine) 5.2m x 3.6m with en-suite shower room and WC Bedroom (Bernice) 5.8m x 3.1m with en-suite shower room and WC Bedroom 4.7m x 3.1m with sink and unused fireplace
SECOND FLOOR Bedroom (Dominique) 6m x 4.4m (total area) with en-suite shower room and WC Bedroom (Colette) 6.3m x 4.6m (total area) with en-suite shower room and WC Bedroom (Eugenie) 4.7m x 4.7m with double shower room next door and WC Bedroom 5.6m x 2.5m
The property is currently run as a guest house, and is sold equipped. There are two woodburners on the ground floor and the heating is oil-fired.
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This Villa is located in Valliere in France
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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.