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DOM1349 – Excellent gîte business, (adults only) substantial income, figures available for 12 years


€825,000Price: 
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Reference: DOM1349

Region: Centre
Department: Indre-et-Loire
Nearest Sizable Town: Descartes

5 Bedroom Sport / Leisure / Entertainment - €825,000 (plus Notaire's charges) - Location: Centre, Indre-et-Loire, Descartes
Bedrooms : 5
Habitable Size : 405m2
Land Size : 3,130m2
Centre, Indre-et-Loire


This property is For Sale by Domus Abroad

Price: €825,000

Price comment: plus Notaire's charges

Highlights

  • Excellent gîte business,
  • Substantial income
  • Figures available for 12 years
  • Charming cottages and setting
  • etailed information supplied

Features

  • Bedrooms: 5

Condition and Utility Information

  • Condition - Restored / Habitable

Description

DOM1349

Location: Centre – Indre-et-Loire – Chaumussay (37350)

Property Description :

DOM1349 – Excellent gîte business, substantial income, figures available for 12 years. Detailed information supplied. Charming cottages and setting.

Condition – Good – well maintained condition

Accommodation – 405m2 (gross) - 5 bedrooms – 12 rooms

5 bedrooms – plus planning permission for additional accommodation.
5 Bathrooms,
5 WCs
4 - Kitchens
3 – reception rooms

Land area – 3130m2 (0.77 acres) landscaped gardens.

Heated swimming pool

Vendor’s description

The property is a group of three house set in about an acre of award winning gardens, letting to adults only. Set in the heart of the Loire Valley, within an easy motorway drive from Calais, Caen and St Malo and within a hours drive of Poitiers and Tours Airports, it is also within easy driving of Limoges, Nantes and La Rochelle airports which are serviced by Ryanair, Flybe and Easyjet with connections to England, Scotland and Ireland. TGV services between London/Paris run to our local station.

The cottages have been used as holiday lets for over 20 years both as a stand alone investments and as owner occupied, full accounts of sales figures are available for the last 12 years. The business is run as Micro Enterprise with all the benefits that this system brings, such as the need to keep and submit full accounts to the French tax authorities.

Over the past 7 years the present owner have extensively renovated and refurbished all the properties, with the firm intention of staying in France, unfortunately due to a family illness this excellent business is now on the market.

The average net takings after tax over the 12 years are;

1999-2004 €39241

2005-2010 €43569

These profits are operating from 31st March – 31st October; this opening period could be increased as demand exists. The present owner have applied and received permission for the addition of up to three bedrooms with bathroom which would also allow for the running of bed and breakfast.

Running costs and additional detailed information available on request.



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€825,000 is approximately :
Euros : €825,000 Rate: 1.0000
British Pounds : £661,535 Rate: 0.8019
US Dollars : $1,037,154 Rate: 1.2572
Swiss Francs : F991,178 Rate: 1.2014
Canadian Dollars : $1,063,153 Rate: 1.2887
Australian Dollars : $1,059,646 Rate: 1.2844
Hong Kong Dollars : $8,048,761 Rate: 9.7561

Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.

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