Income Producing 11 bedroom Complex for sale in Saint Pierre sur Erve, Pays-de-la-Loire
'The Lodge' contains the main living room and dining room areas for the complex comprising: + Large entry/reception area with toilets, + Vast (55m2) living room for large group relaxation, + Bar area with cupboards, + Dining room, + Professional kitchen for onsite catering, with central fire alarm controls. To the outside of the dining room is a large terrace used as a summer dining area with landscaped gardens and views of the countryside beyond. Here there is also a bowls pitch. Stairs lead from the bar area to the first floor where there are 3 large bedrooms, each capable of sleeping 3/4 people and each with full en-suite facilities and toilets.
'The Grange' contains more leisure facilities housed in a fully renovated stone barn comprised of a pool room containing heated pool, shower, sliding doors leading to the terrace, WC and large activity/games room (also used for seminars and dancing), a utility room and storage room.
There is a downstairs bedroom specifically designed for physically disabled/visually and audibly impaired guests with wet room/WC and a spiral staircase in a tower leading to upstairs.
Upstairs is a gym area overlooking the pool room with additional stairs to access from the pool and kitchenette, WC in a corridor leading to 3 family bedrooms each with en suite shower room and WC plus an additional bedroom which can form a family suite with one of the other bedrooms, and small attic over the largest bedroom.
An additional renovated stone building with four sections - one is currently used to showcase the owner's personal collection but provides the potential for additional living space or storage if required.
Two others serve as large garden sheds and there is also a large wood chip burning boiler room and storage room for the woodchips. The heating system provides hot water for the gite for underfloor heating on the ground floor and radiators above, as well as heating the pool and providing underfloor and radiator heating to the house.
The grounds surrounding all the buildings have been immaculately maintained providing area for recreation and relaxation for the clients as well as private gardens for the owners.
There is a large area set aside for client parking to the edge of the property providing for ease of access to the gite buildings.
This is a significant business opportunity available as a complete turn-key operation. The gite furniture, fixtures and fittings are also all available for purchase (approximate value EUR40,000). There is also scope to take the business and its facilities along a different path.
With the buildings in such excellent condition there is certainly no need to have to do any building or renovation works. And all of this in an area of outstanding natural beauty and tourist attractions, just minutes from the main A81 making Laval just 35km away and Le Mans 45km.
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This Commercial Property is located in Saint Pierre sur Erve 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.