Le Chateau - Potential Gite Complex / Restaurant

Description

There are 2 separate houses (3 bedrooms and 5 bedrooms), and a large manor house that has been split into 4 apartments with a fifth apartment ready to renovate on the top floor. 2 years ago the weekly summer rental rate for the manor house was 2,500 euros.The five bedroom house has a large room, which has previously been used as a restaurant and also an area to rent out to guests for functions. There is also scope to extend this house further into an area which used to house an outhouse. 2 years ago the weekly summer rental rate for the five bedroom house was 1,100 euroThe three bedroom gite has disabled access and has three en suite bedrooms. 2 years ago the weekly summer let for this property was 850 euros.

The three letting units have all been fully booked over the summer when let out and have had a high percentage of off season lets too. During the lower season there is also the potential to let the property as a whole to large groups which in the past has acquired an income of 400 euros per night. There is also the opportunity to offer meals and alcohol (a license was granted to serve alcohol with food) which would further increase income.
The property has a heated outdoor pool and a jacuzzi.
The current style is basic, but comfortable. The property requires some work which is reflected in the asking price for this potentially high income property. There is a great opportunity to provide a more luxury accommodation and therefore vastly increase the letting rates for the property.