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Reduced Price Excellent Business Opportunity For Sale

Mayenne
Asking Price:
€275,000 Furniture / Fixtures included
Sales Revenue:
€50,000
Cash Flow:
€50K - €100K

Previously run as gite complex and restaurant offering sleeping arrangements for 32 people in 2 gites and 4 apartments, with swimming pool on and hot tub. Potential for various high income business opportunities. Priced very realistically to take into account some updating work required. A fantastic opportunity to purchase a property that has endless opportunities within a beautiful area of France.

Due to its versatile nature this property has endless opportunities. 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.
The apartments in the manor house each have a kitchen, bathroom and 1 or 2 bedrooms. 2 years ago the weekly summer rental rate for the manor house (excluding the top floor fifth apartment) was 2,500 euros. There is potential for the manor house to be used as a small hotel/bed and breakfast or rented out as individual weekly lets or as a whole unit for a large group. The house could also be converted into a beautiful owner’s residence.

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. This house has previously been used as owners accommodation and has also been used as a holiday let. 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 euros

The three bedroom gite has disabled access and has three en suite bedrooms. This property is again ideal for either owners accommodation or a holiday let. 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. It also has a small fishing lake and a number of different gardens and terraces.

As can been seen there are vast opportunities to develop and run this property under different business scenarios depending on the lifestyle you wish to have and the level of investment you wish to make.

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. All furniture and fittings are included in the price.

Set in an ideal location, close to Bagnoles de L’Orne and Lassay Les Chateaux and being just under 2 hours to the ferry port of Caen and only 90 minutes to the airport at Rennes, this makes it the ideal place for holiday homes to those in the UK, as well as to the French market. The proximity of the property to Paris has also made it a popular destination for weekend breaks for large groups of Parisians.
This property is truly a dream for a couple or family looking for a new life in France. The asking price for such a vast property provides opportunity and scope to make the place what you wish for it.

Current owners reluctantly selling due to other work commitment in the UK.

Property Information

Real Estate:

Real Property Included

Location:

Mayenne. Small village with a school and tabac.

Premises Details:

Previously run as gite complex and restaurant offering sleeping arrangements for 32 people in 2 gites and 4 apartments, with swimming pool on and hot tub. Potential for various high income business opportunities. Priced very realistically to take into account some updating work required. A fantastic opportunity to purchase a property that has endless opportunities within a beautiful area of France.

Business Operation

Expansion Potential:

This property is vast and is priced to take into account the investment that may be needed to develop business ideas. There are numerous opporunites which could be developed with such a reasonably priced large property.

Years established:
25 years

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