Income Producing 7 bedroom Chateau for sale with countryside view in Bordeaux, Aquitaine
This fabulous 18th century wine chateau is listed as a residence belonging to the Bordeaux aristocracy, situated in its own grounds in the Haut Medoc appellation, just 22kms from the centre of the cosmopolitan city of Bordeaux and a short walk to 2 villages with restaurants, cafes and shops.
The property's small vineyard is currently producing around 2,500 bottles of its own wine every year.
The chateau its...
This fabulous 18th century wine chateau is listed as a residence belonging to the Bordeaux aristocracy, situated in its own grounds in the Haut Medoc appellation, just 22kms from the centre of the cosmopolitan city of Bordeaux and a short walk to 2 villages with restaurants, cafes and shops.
The property's small vineyard is currently producing around 2,500 bottles of its own wine every year.
The chateau itself boasts 4 bedrooms, 3 of which are on the ground floor with the beautiful master suite with its own walk in wardrobe and sumptuous bathroom to the first floor. There are a further 3 bath or shower rooms, a large farmhouse kitchen, a huge living/dining room, a library, a TV room, a spacious office with mezzanine plus another large room with fireplace waiting to be restored.
In the grounds are wealth of outbuildings including the old stable block with original cobbled floor, a charming old greenhouse, a stunning water tower and 3 individual properties which are currently rented out (a future owner would need to reapply for the necessary permissions).
To the side of the chateau, with their own entrances are a small guest house with one bedroom and a large 3 bedroom house with their own independent entrances. Both need renovating (subject to necessary permissions) but could generate a further attractive rental income.
The gardens, including an orchard and fish pond surround the chateau, which is entered by its own large wrought iron gates.
It is rare to find such a magnificent chateau with its own vineyard in the Haut Medoc appellation plus a substantial rental income so close to the cosmopolitan city of Bordeaux.
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This Chateau is located in Bordeaux 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.