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40 Acre Estate In Languedoc With 2 Gites For Sale

Location  France
Asking Price Range  $250K - $500K
Gross Revenues  $30000
Net Profit / Cash Flow  $50000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1999
Number of Employees  1 - 3
Inventory  12000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  Yes.
Reason for Sale  Retirement.
Description  A genuine gite business in the Aude, in the hills near Castelnaudary. At the head of a valley which leads up to the moorland and the foothills of the Pyrenees, this 16 hectare estate has plenty of pasture and woodland. The big house is planted in the middle of this land with commanding views over the Lauraguais and the Black Mountains. What's for sale? * A farm complex housing three dwellings on 40 acres of meadow and woodland. * a 5-bedroomed gite with living room, kitchen, dining area, terrace and three bathrooms. Oil-fired central heating. (lets for 1850 euro/week) * a two-bedroomed gite (lets for 600 euro/week) * the owner's dwelling - two bedrooms, spacious living/kitchen area, bathroom, office. Oil-fired central heating. * 10 metre heated pool * garages, storage space, henhouses, donkey sheds etc The interesting thing about this business is its proximity to the large urban poles of Toulouse and Carcassonne. They are an increasing source of residential courses that have been programmed on the estate. Toulouse (and its 105,000 students and 45,000 working in the aerospace industry) is only 45 minutes by road. The international airport at Carcassonne is 20 minutes away. The building are in excellent state and ready to move into and exploit. The gite business brings in around 24000 euros annually at present but could easily be boosted to double this by some clever marketing. The obvious use for this sort of estate is a B&B business and indeed there is little competition in the immediate surrounds. The estate is self-sufficient in wood and the sun has yet to be tapped (apart from the heated pool which is solar heated). There is a well and a spring on the estate. For further information and photos please contact me in confidence by email or on +33 950 685 946.
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