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Renaissance Chateau In Gascony As Guest House For Sale

Condom, Gers
Asking Price:
€1,250,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Most chateaux that come on to the market in rural France are considered as black holes as far as investments are concerned, so it's a pleasure to find a fully-renovated 15th century chateau - exploited as a luxury guest house - being sold as a going-concern. The key to its success is probably the location: in one of those 'plus beaux villages de France' that attracts tourists all year round. Add to this the fact that it's plumb in the centre of Armagnac country - not to mention the Three Musketeers - and you can't go wrong.

Formerly an 18-room hotel, the current owners have sensibly transformed the building into a much more comfortable 5 guest bedroom business (well, suites rather than just bedrooms) while opening up most of the first floor for their own private use.

Guests are well catered for with a magnificent dining room, gardens and 12 metre pool.

There is an independent 2 bedroomed gite attached to the castle and this is handy to boost accommodation or provide an alternative for guests looking for self-catering.

The challenge/potential here is for someone to develop the catering angle. The current owners no longer want to provide table d'hôte or restauration for all-comers. However, the castle has a Licence IV (full liquor licence) which would be a shame not to use.... and the kitchens/dining-room to cater for up to 50 covers at a time.

The village is of course delightful with a couple of cafés, grocers, bakery etc as well as a doctor.

At this knock-down price you just can't go wrong.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

3 bedroomed apartment

Location:

In one of France's "plus beaux villages" in the Armagnac region of Gascony

Premises Details:

Castle with more than 20 rooms: 6 guest rooms and suites, private owner's quarters, meeting rooms and a separate 2-bed gite. Set in 1 hectare of grounds with pool

Business Operation

Expansion Potential:

Yes, the top floor has not yet been exploited: there are 6 more rooms

Competition / Market:

none of this quality in the area

Reasons for selling:

retirement

Trading hours:

all year

Employees:
0
Years established:
12

Other Information

Support & training:

yes

Furniture / Fixtures value:
€100,000 - included in the asking price
Website:
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Home based:
This business can be run from home.

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