Manor House Plus 3 Gites For Sale

Business description

An exquisite stone built 18th century manor house in the St Médard region of the Lot. Also on the estate: an independent three-bedroomed gite and two one-bedroomed gites in a neighbouring cottage. A very solid barn with over 80m² of floor space. 12-metre pool in extensive landscaped garden.

The original business was confined to the three gites which brought in a comfortable income over the summer months. However, due to illness, the main manor house is now free, opening up possibilities of creating an upmarket B&B establishment to complement the gites.

The main house has some very fine features - high ceilings, large double-glazed windows and French windows opening on to lawns or patio. The tower (see picture) would make an admirable B&B room as would at least three of the other bedrooms. There are already three bathrooms. Plus the kitchen, back kitchen, office and large reception room with state-of-the-art wood-burning stove. The whole house is equipped with a high performance central heating system powered by a brand-new wood-chip boiler.

The large gite is finished to a high standard with fully equipped kitchen, living/dining room and three bedrooms. It lets out for £1300 per week in summer.

The two 1-bedroomed gites are cosy and equally well finished. There is a lot of demand for this sort of two-person accommodation in the region as more and more people flee the standardized French hotels and seek somewhere original and private. Each of these gites let for over £500 per week in summer.

All the furniture, fixtures and fittings in the gites are included in the sale.

What is the potential?
Firstly, this is sold as a going concern: the gites have been let out for over 10 years, have their own website and have taken bookings for 2012.
The main house could easily be transformed into a Bed & Breakfast. It is empty, clean and ready to furnish and decorate. At least thyree of the four bedrooms could be given over to guests while the new owners use the fourth. This sort of property in this sort of region can command upwards of 80 euros per night for Bed and Breakfast. Meanwhile... one could be converting the barn into either another gite or the owner's personal residence.

With the gites bringing in over 25,000 euros each summer, and the B&B around 6,000 (the first year) rising to around 20,000 over the year, the estate could create an income which would cover all costs and provide for a simple lifestyle in one of France's most beautiful regions.

Property information

Real Estate:

Real Property Included

Living accommodation:

The main manor house has 5 bedrooms, kitchen, back kitchen, office, large reception and three bathrooms.

Location:

On the edge of a charming 14th century village to the west of Cahors.

Size in square feet:

1,800

Business Operation

Expansion potential:

the potential resides in using the manor house as a B&B and converting the barn into another gite ... but the estate is already a going concern which has a steady income stream

Competition / Market:

nothing of similar standing or comfort in the village

Reasons for selling:

serious illness

Trading hours:

the summer months

Employees:

0

Years established:

10

Other information

Furniture / Fixtures value:

€35,000 (included in the asking price)

Home based:

This business can be run from home.