6 bedroom B and B for sale with Income Potential in Saint Emilion, Aquitaine
The 250m2 stone house with swimming pool is situated on the edge of a village and set among the beautiful local vineyards, offering potential as a lovely family home or a business investment - a bed and breakfast business, a venue for viticulture-related tours or business meetings, a rental property for tourists visiting Saint Emilion and its many vineyards.
The living spaces are mainly on the ground floor with kitchen, dining room and living room. An old bread oven is a carefully retained and charming trace of the past of this beauti...
The 250m2 stone house with swimming pool is situated on the edge of a village and set among the beautiful local vineyards, offering potential as a lovely family home or a business investment - a bed and breakfast business, a venue for viticulture-related tours or business meetings, a rental property for tourists visiting Saint Emilion and its many vineyards.
The living spaces are mainly on the ground floor with kitchen, dining room and living room. An old bread oven is a carefully retained and charming trace of the past of this beautiful building which used to be the village bakery.
This bread oven now offers a great space for a wine cellar.
Another bread oven is visible from the dining room where the doors have been preserved and now form a central ornament giving this room ample character.
Upstairs, there are six double bedrooms, all en-suite and equipped with hotel quality beds and bedding for comfort.
The first floor also includes a 50m2 panoramic room with magnificent views over the garden and surrounding vines. This room is currently used as a fully equipped meeting room with living room area. It can equally be converted into a living area or games room to complete a beautiful family home or business.
Adjacent to the main building is a very attractive reception room with multiple potential uses, as well as a veranda with access to the rear of the property.
The landscaped garden of almost half an acre is fully enclosed and has a second outbuilding and swimming pool, a perfect addition to enhance the stay of clients or family and friends.
In the heart of a pleasant tourist area, on the edge of the village and only 45 minutes from Bordeaux and 10 minutes from Libourne or Saint-Emilion.
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This House is located in Saint Emilion 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.