4 bedroom Villa for sale in Menton, Cote d'Azur French Riviera

1,900,000 EUR 1,653,000 GBP 1,881,000 USD

Reference: 239465

Bedrooms: 4
Floor Size: 210 m2
Plot Size: 965 m2
Swimming Pool
Balcony
Garage(s)
Parking space(s)

Details

Exciting opportunity to acquire a stylish new-build property in a great location just a few minutes from the sea in a peaceful closed domain with the sea front and port of Garavan just a few minutes walk away.

The modern property is currently complete on the exterior and is arranged over two levels with 210m2 of living space, thereby leaving the purchaser the opportunity to create a modern villa in a secure setting as desired.

There are two options available to the purchaser of the villa: The property can be sold complete on the outside and the interior is left for the buyer to do as desired. Price EUR1,900,000. Alternatively, the property can be sold 'turn-key', there are already proposals for three or four bedrooms, for which plans are available. The turn-key price is EUR2,400,000. A swimming pool is included in the permit, garage for one car and parking space for another.

Excellent opportunity to purchase a modern property ideally located.

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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.