4 bedroom Villa for sale with panoramic view with Income Potential in Annonciade, Menton, Cote d'Azur French Riviera

5,200,000 EUR 4,524,000 GBP 5,148,000 USD

Reference: 240475

Bedrooms: 4
Floor Size: 150 m2
Plot Size: 4 hectares / 9.88 acres
Work Required: Major
Gite / Annex / Additional Accommodation
Income Potential
Parking space(s)

Details

Delightful and intriguing property with huge potential set in 10 acres of land in the area of Menton Annonciade, with stunning views across the hills to the sea.

Set in a dominant East-facing position, this property takes its strengths from the luxuriance of nature and the contours, and is beautifully planted with various species including oaks, chestnut trees, centuries-old olive trees, conifers, citrus trees and other exotic, creating a unique place to livie.

Served by a private road, there are two buildings of approximately 70m2 and 80m2 to renovate on a plot of 1,053m2 with direct access, a house in poor condition of approximately 60m2 on a plot of 1,695m2 below as well as a ruin (non habitable) to restore on a plot of 2,128m2 both accessible by a pedestrian path.
Several other plots border the last two houses. On the northern part of the property is a forest with a total area of around 23,000m2.
A spring with accredited purity and several parking spaces complete this rare property.

Possibility to sell the ruin and 60m2 house separately.

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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.