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22 bedroom hotel for sale

Guide Price €1,099,000

France - Midi-Pyrénées, Haute-Garonne, Lévignac

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Call: 03339 397286

Commercial information:

  • Business for sale
  • 5.4 acres (2.2 hectares)
  • Use class orders: C1 Hotels

Key features:

  • 200 year old French Chateau
  • Self-contained owner’s accommodation (5 beds)
  • 17 x self-contained apartments
  • Swimming Pool
  • Large dining room and kitchen with fire place
  • Established rental income (approx. €130,000 per annum)
  • Landscaped gardens - Breath taking views
  • Hilltop location
  • 20 mins to Toulouse airport
  • French lifestyle

Full description:

Location
Levignac is situated in the Haute-Garonne (Midi-Pyrenees region) in the south of France at 21 km from Toulouse, the department capital. Levignac is 584 km from Paris.

Traversed by the Garonne river, the department of the Haute-Garonne offers varied landscapes ranging from the sunny plains of the Lauragais to the high mountains of the Pyrenees and the gentle hills of the Comminges. This area has a true historic and architectural heritage and it’s famous for its lively atmosphere.

The property is situated just outside Levignac village where there is a primary school, doctors, dentists, shops and a bank.

It is located approximately 20 minutes from the airport and 25 minutes from Toulouse town centre.
Overview
An impressive chateau overlooking Levignac, near Toulouse, at the foot of the glorious area of the Pyrenees.

This exceptional property has many excellent benefits such as a large family home currently used for the owners accommodation, an established business with existing long term clientele and opportunity to further develop outbuildings.

The chateau comprises a five bedroom owner’s accommodation together with 17 self-contained apartments with kitchenettes and en-suite bathrooms within 2.2 hectares of landscaped gardens.

If you are looking for a change of lifestyle with an existing business, this is the perfect investment.

Description
This impressive chateau offers accommodation for both the owners and guests. The central and main part of the chateau on the ground floor is the owner’s accommodation. It is approximately 400 m2 of living space, has five bedrooms in typical Napoleonic style, two bathrooms, large kitchen/diner with large fireplace, gas hobs and electric oven, large veranda reception area with desk and PC, together with access to the basement.

The hotel part of the property offers 17 income generating studio apartments (one containing two bedrooms, kitchen and bathroom with bath and shower, approximately 90m2 in total), each containing a very large bedroom, a kitchenette, TV, microwave, and en-suite bathroom. The apartments are on average 40 m2 and half of them can fit in two double beds comfortably. In addition to this, there is a resident’s lounge with traditionally decorated Toulouse brick wall and has a TV, pool table, table tennis and table football.

The 17 studio apartments provide a generous income with established clientele from Airbus.

Set in 2.2 hectares, partly landscaped gardens, woods and lawned areas, with a swimming pool and large outbuilding


The Business
The hotel is busy all year round and has run as an established business, for over 11 years. The hotel’s guests are predominantly English speaking (around 80%), mainly from Airbus, on mid/long term lets.

In addition to this the hotel is busy with tourists, people visiting families and people stopping off on their way to and from Spain. There is a good weekend trade due to many people moving to the area from all over France who have family and friends visiting them. The current owners tend to accommodate long term guests.

There is currently a steady income, which has potential to increase if new owners wanted to develop the business and turn it into a boutique hotel, add a restaurant and banqueting facilities. There are often enquiries to use it as a wedding venue.

The hotel has been up and running since 2002; it was bought by the current owners in May 2008.

Currently this is set up as the owners’ home and the business is rented from the house. Most cleaning is done on a weekly basis and is managed by the current owners.

Further information on the running of the business, turnover, Bilan (yearly accounts) can be provided.

The hotel has produced a turnover of approximately €130,000 per annum for the past two years.

Development Potential (STP)
There is the potential to develop the business and turn it into a boutique hotel, add a restaurant and banqueting facilities. There are often enquiries to use it as a wedding venue.

There is also potential to develop more on the second floor. There is an extremely large basement, used in bygone times for making and storing wine and cattle, with a wine press and a well.

Outside, there is a Hangar of approximately 400sqm, with an external covered area ideal for development (STP).

History of Chateau de Faudade
The building dates back to Napoleon times, 19th century, and it used to be a “Maison de Maitre”-Manor House, which would have produced wine- Levignac (vigne= wine) so a wine-growing region.

Site Area
The site area extends to approximately 2.2 hectares (5.43 acres).

Services
We understand the property has mains electricity and water. There are two sceptic tanks that are filtered and drain into a communal ditch, following guidelines.

Tenure
Freehold

Asking Price
€1,099,000

Fixtures & Fittings
Most of the fixtures and fittings are included in the sale of the hotel, with the exception of certain personal objects.

Viewing
Please contact the agents selling the property:

John Pye Property.
Telephone: 0115 970 6060

More information from this agent

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Toulouse (Blagnac) (International), 14 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
John Pye Property, Overseas

James Shipstone House Radford Road Nottingham NG7 7EA
03339 397286  Local call rate
About John Pye Property, Overseas

John Pye Auctions, the major UK Online Auctioneer, successfully entered the property market in 2013.
We’ve spent the last 45 years questioning the old and bringing in the new, growing organically as a business from one auction a week to seven, from one trading site to 12 nationwide, bringing new innovations to many different stock asset auctions.

This has created a snowball effect of market interest. John Pye Auctions website now receives over half a million unique visits a month, with a customer database at over 110,000 active buyers and growing.

The final piece of the asset jigsaw to be unveiled is the John Pye Property Division.

The John Pye Property division is headed up by Richard Reed MRICS, a RICS Registered Valuer, supported by experienced property sales and marketing teams.

The property division provides the following property services:

1. Online Property Auctions
2. Agency
3. Valuations & Appraisals
4. Maintenance & Security

The property division services instructions nationwide.


Disclaimer

This is a property advertisement provided and maintained by John Pye Property, Overseas (reference chateaudefaudade) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

John Pye Property, Overseas

James Shipstone House Radford Road Nottingham NG7 7EA
or call 03339 397286
Calling from outside the UK? 0044 115 970 6060

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