4 bedroom house auction in Burgundy, France - Private1001 property details

Property Information

Property , land and lake for sale with excellent earning potential!

An excellent opportunity to purchase a property which can be renovated or transformed into one to form either two gites or a family home providing an income from one of the gites. Some alterations are naturally required during the renovations to make this an excellent unique home in a unique setting.

There are also two picturesque plots of lakeside land, and ownership of part of a lake available. Each plot is eligible to build a Log Cabin/Chalet home and individual Jetties overlooking the lake.

The property is 1 kilometre from the land and lake which provides excellent earning potential for a life style business. The total purchase opportunity has the potential to be 2 gites plus 2 lake side cabin/chalets which once fully renovated would provide estimated annual earnings potential of between €15,000 to €35,000 per annum.

The property
The property is located on a plot of land c1000 square metres in size situated in an elevated position in a very pretty Burgundy village in the heart of the CoteD’or region. The Property itself dates back 200 years. The property has many of its original features with original fire places, wood burning stoves and exposed beams. Will convert into two spacious gites to be used either one home owner home or two gites. Each gite has the potential to generate between €10,000 - €12,000 per annum.

The present layout of the property is 9/10 rooms and 3 out buildings providing the potential to convert the property into one 2/3 bedroom gite and another 2 bedroom gite. The three out buildings can also offer extra living/leisure space if required.
The house is L shaped and each part of the L can be converted into a separate gite.

In First L shape
Ground Floor There are two large rooms and a third more cosy room likely to be a lounge. The ground floor of the house is on two levels which would provide an interesting layout once renovated.
1st Floor There is a large room and a small room which will make two bedrooms and a room to put in a staircase to the ground floor.

In Second L shape
Lower Ground Floor. There is a large room that can be converted into a wine cellar, large Kitchen diner and Bathroom or more living space with area for a wine cellar.
Upper Ground Floor There are two further rooms which can be a lounge and bedroom
1st Floor An existing set of wood stairs giving access to a good sized loft that can be renovated into 2 further bedrooms with great views over the village and countryside beyond.
Out buildings and Gardens There are 3 out buildings that can offer extra living/leisure space if required. Each of the L shapes has its own separate gardens of around 300 square meters plus there is a further 150 square meter gravelled area for parking.
The lake side land
A lovely area of natural land leading down to the lake. The land is gated and consists of two plots each plot being just less than 3000 square meters. A log cabin/chalet or wooden home can be built on each plot plus a jetty on each over the lake, there is also plenty of room for parking and Gardens with the most beautiful views over the lake. The lake is run and maintained by a resident co-operative and is fully stocked with fish all year round.
Income potential
Based upon local/regional estimates each gite could generate between c€8,000 to €10,000 per annum.
Each cabin by the lake could generate between c€6,000 to €10,000 per annum.
Price
The properties can be sold separately or together for an overall reduced package price
Price per individual
Lake side plot 1 €16,000 ( est. £13,714)
Lake side plot 2 €16,000 (est. £13, 714)
Property €62, 000 (est.£53, 140)

TOTAL € 94,000euros (est.£80,567)
Total package price
reduced price for all 3 parts sold together:- €90,000euros est £77,139)

+ Fees & legals = Total c£110,000.00
The area
Villedue is a picturesque village nestling in the beautiful Burgundy countryside. The Cote D’or region of Burgundy is famed for its wines and champagne. It is c40 minutes by car from Dijon and just 1 hour from Paris by TGV makes this an ideal weekend retreat for Parisians, The area benefits from both national and International tourism not least from the popular Burgundy wine tours. This is a beautiful area for outdoor pursuits especially cycling, fishing, swimming and walking. The largest historical archaeological site in France is 3 miles away bringing a lot of tourist potential.
Nearby there are vineyards, a lake with a small beach and swimming area, served with facilities of a restaurant, campsite and horse riding, the next village has a restaurant and an interesting abbey complex.
Contacts
For further information please contact Debbie Mulungye at Abroad Actually Ltd. debbie@abroadactually.com, Tel: 02173 776604/07785 770053

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