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Edwardian Villa With 12 Rental Units - Cevennes For Sale

Lamalou-les-Bains, Hérault
Asking Price:
€495,000 Furniture / Fixtures included
Sales Revenue:
Under €100K
Cash Flow:
Under €50K

This property is in the bustling spa town of Lamalou-les-Bains in the foothills of the Cevennes in the Hérault département. It caters for both spa guests who are taking the waters and for tourists - hikers, cyclists etc - who wish to explore the region.

Located just outside the centre, in a leafy residential quarter, the villa dates back to the turn of the century when the spa was conceived. It has been exytended over time and now offers 12 rental units for short-term lets: 8 two-room apartments and 4 studio apartments. They are all self-catering.

There is also an owner/manager's apartment on the ground floor, a 15-car parking area and a very pretty Mediterranean garden which clients and host can relax in total peace. No pool ... but then the 'curistes' have spent their day in water ...

The premises have been kept in excellent condition with simple, but sturdy, furniture fittings and fixtures. There is a lift which serves the three floors in the villa itself, oil-fired central heating and a number of balconies and terraces giving everyone access to fresh air and sunshine.

The business is currently run by just one person and is aimed almost entirely at the spa trade (The French National Health system gives everyone the chance to have a three week cure - free - every year. Only the accommodation has to be paid for). This means there are many repeat customers who come back year after year to the same apartment.

This is really an investment property - sold at a loss - which will provide a very good return on investment. The apartments are sold fully furnished and ready to let. Bookings have been taken for 2018 and should be honoured.

It could either be kept as is catering for a mix of spa clients and tourists or transformed into a B&B or 3 or 4 bigger gites.

Property information

Real Estate:

Real Property Included

Living Accommodation:

3 room apartment

Location:

In one of France's prettiest spa towns in the Cevennes foothills: 30 minutes from the Mediterranean beaches

Premises Details:

Turn-of-the-century villa divided into 12 rental units. All sold fully-furnished and ready to let.

Business Operation

Expansion Potential:

It could be run otherwise; as a B&B or gites

Competition / Market:

Loads ... but all different

Reasons for selling:

Retirement

Trading hours:

Feb-December

Employees:
0
Years established:
26

Other Information

Support & training:

Yes

Furniture / Fixtures value:
€60,000 - included in the asking price
Website:
Login or register to view link
Home based:
This business can be run from home.

Contact Information

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