Income Producing 6 bedroom House for sale in Mougins, Provence Alpes Cote d'Azur
The property comes with over 200m2 of living space. At entrance level is a 40 m2 living/dining room with fireplace, a kitchen, 2 bedrooms and a family bath. The sitting area opens out to a very nice, large covered terrace overlooking the pool. Two large bedrooms, each with their own shower room are also at garden level but with separate access - making them ideal for visiting guests or converting to a separate apartment.
Garden level has another bedroom, bathroom, laundry room and large cave as well as a one-bedr...
The property comes with over 200m2 of living space. At entrance level is a 40 m2 living/dining room with fireplace, a kitchen, 2 bedrooms and a family bath. The sitting area opens out to a very nice, large covered terrace overlooking the pool. Two large bedrooms, each with their own shower room are also at garden level but with separate access - making them ideal for visiting guests or converting to a separate apartment.
Garden level has another bedroom, bathroom, laundry room and large cave as well as a one-bedroom apartment with sitting room and kitchen. The garden is nicely landscaped with several mature palm trees and a vegetable garden.
The large swimming pool has a pool house with summer kitchen and a shower room.
The property has plenty of parking for several cars and a carport.
The property's location provides easy access to shops and commerce yet is in a quiet residential neighbourhood. The roof was redone less than 10 years ago.
Double glazing.
Great potential - only cosmetic renovations required to bring the villa up to date. Great property for a large family or those looking for rental income.
Swimming Pool
Car Port
Window Shade
Double Glazing
Fireplace
Air Conditioning
Fireplace
Garage
Private Pool
May Require Improvment
To refresh
Land: 7,565 m2.
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This House is located in Mougins 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.