Fabulous Business Opportunity

Property Description

Fabulous business opportunity

Large property in Riberac
Sale Price: EUR105,000 EUR100,000 Net plus 5% Honoraires TTC a la charge acquereur.

Property Ref:20863 2: EUR100k - EUR150k House Bar/Restaurant B and B Hotel Commercial/Industrial Renovation Required Gites

This is a unique opportunity to own this attractive large property in the centre of the lively market town of Riberac. The building used to be the main hotel of the town and was known for its wonderful restaurant. It has been closed for a number of years and now needs updating to be brought back to its former glory or a complete makeover!

The ground floor consists of an entrance, a large dining area, office and kitchen. The original spiral wooden staircase leads to the first floor where there are 6 bedrooms all with en-suites, along with a separate toilet for customers. On the second floor are another 6 bedrooms all with en-suites and a room which needs furbishing. The third floor has one bedroom with en-suite and the rest of the rooms have had the walls removed to make one large area. There is also a balcony, where you can look out over the town and a cellar. The habitable space is over 500m2. This property has a number of possibilities, it could be transformed into apartments, office block, bar/restaurant, exhibition centre, hostel, muse of shops, the ideas are endless. It does need someone who is able to invest in these types of changes as it is not currently habitable. The charm and character of this old hotel are still in the building and have not been stripped away. Looking past the work needed you can see the beauty that was there in its hay day. If you are looking for an investment and have an entrepreneurial attitude then this is just the place for you! There is no garden with this property but it's possible to purchase (at extra cost) the house at the back of this property, its 200m2 and there is a small garden. It would be an ideal owners house. The town of Riberac offers plenty of amenities, doctors, schools, cinema, supermarkets etc. The Friday market runs all year round and draws people from afar. There are bars and restaurants with plenty of live music evenings, which keeps this town alive throughout the year.