Luberon High-End Rental Business
Advert Reference: 18854
For Sale By Agent
Agency: Provence Days Find more properties from this Agent€2,750,000 is approximately: | |
British Pounds: | £2,392,500 |
US Dollars: | $2,915,000 |
Canadian Dollars: | C$4,015,000 |
Australian Dollars: | A$4,565,000 |
Key Info
- Type: Residential (House), Detached
- Bedrooms: 11
- Habitable Size: 700 m²
- Land Size: 6,139 m²
Highlights
- Design: the houses are high-end, with an elegance of design marrying the contemporary with Provencal flourishes. In a crowded rental market this is exactly what people want.
- Location: Quiet setting, 5 minutes' walk to village restaurants, and a short drive from all the key attractions of the Luberon.
- Pools: With every house having its own private pool, this really sets the property apart from the other multi-rental properties available.
- Financial return: A consisten return of 6-7% per annum.
Features
- Outbuilding(s)
- Swimming Pool
Property Description
Superb 4-house hamlet conversion and holiday rental business
A stunning hamlet conversion at the foot of Joucas that has created a well-established rental business with 4 independent houses, each with private pool and garden.
Three of the houses are 3-bedroom and one is a 2-bedroom. Total occupancy is 20 people in its current configuration. 40% of rental guests are repeat bookings, and the business consistently yields a 6-7% return. It would suit an investor or someone looking to live on site in one of the houses, while renting out the others, or receiving friends and family without feeling invaded.
The houses have a contemporary Provence design that is absolutely what renters are looking for now, with open-plan living spaces and south-facing exteriors. Two of the pools are heated.
The village of Joucas with its grocery, café and restaurants is a 5-minute walk, and this is a quiet country setting, with views to other hill-top villages and the Luberon mountain.
Apart from the elegant design and comfort of each house, the key selling point here is the perfect location, which is within 10 minutes of the key Luberon destinations of Gordes, Roussillon, Menerbes, Bonnieux, Lacoste and Goult.
The sale of the property includes its rentals website: the domain registration dates back to 2011 and is well ranked on Google for relevant searches. The sale also includes furniture worth approximately 50,000 euros, so the houses are ready to continue as rentals.
Grounds
- The property has 6,000 m2 (1.5 acres) of grounds in total, with an undeveloped section of land offering possibilities to the north.
- There is a communal reception area with summer kitchen where guests can mingle, play games or watch movies.
- The parking area is gated and secure.
- Next to the parking is a large wooden hangar - this is where the back-end of the business happens, with everything needed to run a 10-bedroom rental operation - towels, sheets, laundry, ironing, repairs: all of this can be stored and run on site but out of sight of guests.
- The hangar also has a small swimming basin at the back and the potential for an expansion into a glamping unit.
Location
The property is 500 metres from the village of Joucas, which is a beautiful, preserved little village with a small grocery store, a simple café with stunning view, tennis courts and playground. Joucas is also a gastro-hub, with 3 good restaurants based here, the Commanderie, Mas des Herbes Blanches, and the Michelin-starred Le Phebus.
All the other picture-perfect 'perched' hill-top villages of the Luberon are within 15 minutes' drive: Gordes, Menerbes, Roussillon, Lacoste, Oppede-le-Vieux, Bonnieux, and Goult.
€2,750,000 is approximately: | |
British Pounds: | £2,392,500 |
US Dollars: | $2,915,000 |
Canadian Dollars: | C$4,015,000 |
Australian Dollars: | A$4,565,000 |
Location Information
Property added to Saved Properties