Aquitaine, Dordogne, Sarlat-la-Canéda, France

A47335TP24 - Located in one of the Périgord Noir’s most sought-after areas, this remarkable 16th-century watermill represents a rare opportunity to combine historic character, investment appeal and established rental income.

Set on approximately 1.3 hectares (3.2 acres), the property enjoys an exceptional natural setting, enhanced by a stream flowing through the estate. Offering approximately 600 sq m (6,460 sq ft) of living space, it has been converted into 8 independent apartments, ranging from approximately 57 to 135 sq m (615 sq ft to 1,455 sq ft).

This versatile configuration is ideally suited to holiday rentals, a boutique hospitality business or a range of investment strategies. Already generating rental income, the property offers significant further potential through targeted renovation, contemporary interiors and upgraded amenities, appealing to guests seeking authenticity, nature and memorable experiences.

Several apartments feature private gardens, while the property also includes 6 garages, cellars and a 12 x 5,5m (39 x 18 ft) swimming pool renovated in 2024.

Within walking distance of the village’s bakery, butcher, grocery stores, restaurants and medical center, the location combines convenience with a peaceful setting.

The apartments retain beautiful original features, including exposed beams, traditional French ceilings and period stonework.

Apartment 1: 63 sq m (678 sq ft) — Living room, separate kitchen, 2 bedrooms, shower room, terrace
Apartment 2: 63 sq m (678 sq ft) — Living room, separate kitchen, 2 bedrooms, shower room
Apartment 3: 63 sq m (678 sq ft) — Living room, separate kitchen, 2 bedrooms, shower room
Apartment 4: 63 sq m (678 sq ft) — Living room, separate kitchen, 2 bedrooms, shower room
Apartment 5: 57 sq m (614 sq ft) — Open-plan kitchen/living room, 1 bedroom, shower room, terraces and private garden
Apartment 6: 100 sq m (1,076 sq ft) — Living room, separate kitchen, 1 bedroom, office, bathroom; potential for 2 bedrooms
Apartment 7: 57 sq m (614 sq ft) — Open-plan kitchen/living/dining area, 2 bedrooms, shower room, terrace and private garden
Apartment 8: 135 sq m (1,453 sq ft) over 2 levels — Living room, separate kitchen, 3 bedrooms, bathroom, covered terrace and private garden

A truly compelling opportunity in the Périgord Noir’s thriving tourism market.

Full property details and rental income figures available upon request.