Sale ‘en Viager’ (life Annuity) Without Immediate Vacant Possession: Large 5-bed Village House, Habitable Surface Area In Two Parts With Balcony, Yard, Covered Terrace And Garage

  • €22,000
  • Town & Village
  • Gers
  • 5
  • 10
  • 211m2
  • NaNm2

This large village house, of a habitable surface area of 211m², comprises 5 bedrooms, 2 kitchens, living room, salon and 2 bathrooms. Work is needed but part is perfectly habitable in its present condition. For outdoor space there is a courtyard, balcony and covered terrace. There is a garage.

This is an interesting investment opportunity with great potential in the future (sale en viage' ie a life annuity without vacant possession, the latter only being handed over upon the death of the current owner). This property would ultimately make a great B&B and would be a strong candidate for the rental market. The market value of the whole property has been estimated at 90,000 Euros. The capital sum due upon purchase is fixed at 20,000 Euros with a monthly annuity of 500 Euros due to the owner for the remainder of his lifetime. There is only one owner, a gentleman born in 1934.

THE DWELLING COMPRISES:

PART 1

GROUND FLOOR

LIVING ROOM 39.6m²

KITCHEN 1 16.6m²

LAVATORY 1m²

UTILITY ROOM 9m²

BATHROOM 6m² with bath and washbasin

TOTAL 72m²

1ST FLOOR

BEDROOM 1 26m²

BEDROOM 2 9m² (walk-through)

BATHROOM 4.2m² with bath and washbasin

BEDROOM 3 16.2m²

TOTAL 55m²

PART 2

GROUND FLOOR

PASSAGE 5.7m²

KITCHEN 2 18.5m²

SALON 12.2m²

TOTAL 36m²

1ST FLOOR

LANDING 10.1m²

BEDROOM 4 18.9m² with shower and washbasin

BEDROOM 5 13.2m² with wooden floor

LAVATORY AND CORRIDOR 5.3m²

TOTAL 48m²

TOTAL HABITABLE FOR THE ENTIRETY 211m²

OUTDOOR SPACE AND OUTBUILDINGS:

BALCONY 6m²

COURTYARD 17m²

COVERED TERRACE 14m²

GARAGE 38m²

OTHER FEATURES:

Connected to mains water, electricity and telephone

Part is heated via electric radiators and a wood-burner

Mains drainage

AMENITIES AND OTHER FACILITIES:

In a village with basic amenities and services

20 minutes to Auch

85 minutes to Toulouse with its International Airport

Characteristics:

  • Property type:Town & Village
  • Condition:In need of redecorating / modernising
  • 5
  • 10
  • Area:Gers

Financial:

  • Price€22,000 including agency fees (approximately £19,076.20)
    Price€20,000 excluding agency fees
  • Agency feesat the buyer’s charge 9.09% incl. VAT included in the list price
Property ref. no.2527

Contact us for more information:

Tel:+33-(0)5-62 28 60 48

Important notice:

The above details have been prepared as a general guide to give a broad description of the property and are not intended to constitute part of an offer or contract. Any errors or inaccuracies contained therein cannot convey any liability on SARL Compass Immobilier or its directors.