The PropertyThe property consists of two plots set in more than a hectare, bordering a river. One has a beautifully renovated 5 bedroom (4 bathroom) house, a 2 bedroom 'gite', a 9m by 4m swimming pool and a large workshop. The other plot is currently undeveloped.The LocationThe property is set in a superb location on the edge of a delightful village in the foothills of the Pyrenees (Arques), 40 minutes to the south of Carcassonne airport. There are many things to do locally:Tennis courts & horseriding 100ydsShops & restaurant 200ydsCathar Castle half a mileLake 1 mileSpa & canoeing 10mins in carWhite water rafting 20mins Skiing & beaches 1 hour, and Fabulous walking everywhere! Family Home or Gite BusinessThe property is currently run as a part-time gite business called 'Dream of France' (www.dreamoffrance.co.uk). But the property would work equally well as a spacious family home (it was previously). The current owners have built up an income of 30,000 euro p.a. from simply marketing on 2 websites. However there is a real opportunity to market more widely to increase take up if someone wanted to run the business as more than a 'sideline'.Development Potential There is huge development potential. The workshop could be converted into 3 more gites and the undeveloped plot is within the formally designated building area in the village plan and has space to build more dwellings should you wish.So it would be possible to increase the number of people that the site can sleep from the current 15 to towards 40 if you were to take up all the opportunities. As a consequence income could almost treble from current levels.Price £445,000 (Euros is an approx)
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*Based on a loan amount of €250,000 over a 20 year term. **Lower interest rates will be available at different LTVs (loan to values)
1. Some of these rates are also available for the purchase of a leaseback property. 2. This information should only be used as a guide. All product specifications will depend on the individual’s financial circumstances. The products mentioned here are for non-resident clients, other products will be available for residents. For a personalised French mortgage quote please contact International Private Finance Ltd or submit your information online. Information correct as of 07/06/2011.