Reference246271
Price899,000 EUR
Bedrooms6
Bathrooms5
Floor Space400.0m2
Land Area440.0m2

6 bedroom B and B for sale with Income Potential in Montcuq, Midi-Pyrenees

899,000 EUR
773,140 GBP961,930 USD
Exceptional property in the heart of a lively and thriving medieval market town, offering a spacious and harmonious blend of traditional and modern style with versatile accommodation and income and lifestyle opportunities.

This unusual opportunity features three adjacent buildings. Suitable for multigenerational living, a work/life venture or simply as a sizeable family home with scope to welcome guests.
This property is as versatile as it is elegant.
Throughout, the attention to detail is impressive.
Set on three sides of a magical courtyard garden, the property comprises:
A main house with two en suite bedrooms, a large and welcoming kitchen, a beautiful salon and a...
Exceptional property in the heart of a lively and thriving medieval market town, offering a spacious and harmonious blend of traditional and modern style with versatile accommodation and income and lifestyle opportunities.

This unusual opportunity features three adjacent buildings. Suitable for multigenerational living, a work/life venture or simply as a sizeable family home with scope to welcome guests.
This property is as versatile as it is elegant.
Throughout, the attention to detail is impressive.
Set on three sides of a magical courtyard garden, the property comprises:
A main house with two en suite bedrooms, a large and welcoming kitchen, a beautiful salon and a space on the ground floor for a shop or gallery or simply a music room or studio.
There is a one-bed, en suite guest room and a 2 bedroom, 2 bathroom apartment which just needs the addition of a small corner kitchen to create highly rentable holiday accommodation or separate space for an older relative or teenagers (possible gite business - subject to necessary permissions).

On the route de Saint Jacques de Compostelle, the town is a favourite stopping point for pilgrims, making a ready market for overnight stays.
The town itself offers several bars and restaurants which are open year round, a large and lively Sunday market and all the usual day to day amenities one could want.

The contents of this exceptional property are available by separate negotiation.
Contact our Property Expert
Mike

Mike Braunholtz

+33 423 110 950

UK Office: +44 (0)1935 817188

Mike has over 25 years experience helping international buyers

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Location

Where is this property?

This House is located in Montcuq 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.