Income Producing 16 bedroom Complex for sale with countryside view in Tombeboeuf, Aquitaine

1,300,000 EUR 1,131,000 GBP 1,287,000 USD

Reference: 243693

Bedrooms: 16
Bathrooms: 7
Floor Size: 1,000 m2
Plot Size: 15.62 hectares / 38.59 acres
Swimming Pool
Equestrian / horse ownership facilities
Gite / Annex / Additional Accommodation
Income Potential

Details

Fantastic opportunity to acquire a bright and stylish restaurant and established tourism business with gites nestling in 38.5 acres of land with pool near Tombeboeuf.

The property has six different size gites and primarily caters for multi family groups during the summer and weekend stays outside the high season where guests can enjoy a secure private swimming pool and children's play area with lawns.

The licensed restaurant, with newly constructed outdoor dining terrace overlooking the fabulous countryside, can seat up to 120. It is open to the public as well as holiday guests in the evenings, serving local seasonal dishes and is renowned for spit roast pork cooked over an open fire.

The restaurant can also cater for functions, parties and marriages etc and has an extra covered dining / grill area for summer use.

The pro kitchen is very recent with stainless steel work surfaces, extraction, pro oven, gas hobs, deep fryers, fridges, dishwasher, steam oven, glass washer etc. Additional revenue comes from the sale of saffron and truffle products harvested and produced onsite.

The property also has a pony ranch with stables/ sand ring/ paddocks etc that is operated by a 3rd party which also contributes to its income.

This property will be of interest to those with a catering or restaurant background who wish to enjoy this activity in the sunny South West of France.

Nearby towns include Bergerac with international airport, Eymet, Duras and Villeneuve Sur Lot each with their own unique style and atmosphere.

The area has plenty of tourist activities including water parks, golf courses, chateaux, wine estates and family attractions such as animal parks or canoe rental on the nearby river Lot. Larger cities with international airports include Bordeaux and Toulouse are under 2 hours.

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France Property Buying Guide

Guide to the French Buying Process

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.