Character 5 bedroom Chateau for sale with countryside view in Vassiviere, Limousin

477,000 EUR 414,990 GBP 472,230 USD

Reference: 241149

Bedrooms: 5
Bathrooms: 5
Plot Size: 0.22 hectares / 0.54 acres
Work Required: None
Lake, River or Pond
Gite / Annex / Additional Accommodation
Income Potential
Jacuzzi / Spa / Hot tub
Parking space(s)

Details

Beautifully presented 5 bedroom chateau, which is currently being run as a luxurious B&B, ideally situated in a quiet setting right in the heart of the Creuse countryside and near Lake Vassiviere.

Featured on the popular TV series 'Chateau DIY', this beautifully presented chateau is a work in progress, but over the past 4 years most of the hard work has been done and now its down to some finishing touches, with the possibilities of other projects at the property like converting the attic.

Ground floor: large entrance hall, large dining room with an amazing fireplace, fitted kitchen, WC, formal guest living room, owners living room, conservatory and a huge room which previously used to be the dining room for the nursing home, but which is currently used as a workshop and storage area, it would make an amazing snooker - games room with a bar.

1st floor: 4 large bright and airy bedrooms with en-suite bathrooms, and above this a vast attic which has had nothing done but is crying out to be turned into a large apartment.

Downstairs is a huge basement which originally would have been the servants quarters, kitchens and larders, today its a bedroom and en-suite bathroom for the owners when the B&B is full, it used to be the old chapel. 2 vaulted cellars, workshops and boiler room.

Outside the park is a joy, with a matured shrub garden with iron railings, large iron gate entrance, large vegetable plot, sun terrace, hot tub terrace, so many places to go and hide to read a book or just to chill out with a glass of wine.

The property has recently had a fully conforming septic tank installed at huge cost for the size of the property.

This property is a must to visit and its current income is enough for anyone wanting to take residency in France. So private residence or business this has lots of possibilities.

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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.