Chateau for saleLuxury Gites in France

CHATEAU FOR SALE

 

 

Frequently Asked Questions

We have been asked the same questions many times so we try to supply the answers to the most common questions.

1 How old is the Chateau?
2 Have you any history of the building?
3 What is an SCI?
4 What is the turnover of the business?
5 How can the business be expanded or doubled in turnover?
6 How do you market the Gite Business?
7 What is special about this Gite Business?
8 What are the running costs of the business?
9 How much gardening is needed?
10 How much work needs to be done on the Chateau?
11 What are the local schools like?
12 How far away is the local shopping?
13 How do we visit Villechaise? Where can we stay?
14 What furniture and fittings are included in the sale price?

        

1

This is a complex question since as is common in buildings like this it has been altered and added to many times. The original stonework has a plaque dating it to 1763. This was of course pre-French Revolution, many of the original stone features, floors, fireplaces seem to date from this period as does the main planting in the garden. Many fine houses and Chateau were destroyed by the mobs and it looks certain that Villechaise was seriously damaged in the Revolution.

The interior is in the style of  Napoleon III, about 1850 - 1880 and shows many features of this time including some that are early Art-Deco.  It is likely that the extension for the servants' accommodation was added at this time, this is now the Petite Maison. The kitchen wing and the Gatehouse are later additions probably early 20th Century. Over the years of restoration most of the original features have been carefully retained and much of the history is based on dating these.

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2   Alas, very little, the building was in a poor state of repair 40 years ago when an English family first bought it and it has been lovingly restored by several English owners since then.

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3 

An SCI is a 'Societe Civile Immobiliere' a French limited company that is specifically designed to own a property such as Villechaise.  It is a transparent company that we own 100% of - it makes no difference to the way you live in or operate the business from the Chateau. It has many advantages, principally in the interpretation of the French Inheritance Tax Laws. There are many websites that give full discussion of the advantages and disadvantages of owning property through an SCI. The sale of the SCI Villechaise shares is one way to purchase the property, thus avoiding most of the Notaires Costs in buying property in France.

Registering the share transfer incurs a transfer fee of 4.8% of the share value.

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4 We are happy to supply full details when you visit us. For obvious reasons we will not publicly disclose figures.                                                                              

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5

The present Gites could be further improved as profit generators as we do little marketing and the rates could be adjusted. The Barn is a realistic conversion option to a three bedroom additional Gite (see below) which would substantially increase rental turnover. The chateau itself has two bed & breakfast suites on the ground floor. We currently use one as our main guest suite and the second as a TV room. These would let very well for the main summer period and generate almost as much as the Gites in this time - more if a cook is available to supply a dinner each evening.

Another option worth considering is renting out the Chateau itself - there is serious demand in the high season at very high prices - we have not examined this option.

The Barn, which has been partially converted and has full planning permission to change to a habitable dwelling, could be let as a large Gite and long term let over the winter. Alternatively this building could be completed and sold off with a 1 hectare piece of land with swimming pool for between 250,000€ and 300,000€ depending on quality of finish. It is a sensational building but is well out of the area of the Chateau and wouldn't affect your life there.

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6

We only use our marketing website and 1 agency. Our website is included in the sale price. We have many links on free advertising sites and have worked hard to maintain the sites position in the main search engines. Without doubt some advertising would generate more bookings in the off season particularly the carp fishing market. Other specialised niche markets could also be investigated, eg. water colouring courses, cooking courses and the like which have proved very successful in other areas of France.

If a buyer desires to keep the gite business going - some have looked at other options - we would work with the buyer to maximise bookings before we vacate the property.

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7

There are thousands of 'Gite Businesses' in France - only very few make any money and even fewer make a substantial income.

If you are considering a 'Gite business' you should first consider which part of the market into which your prospective business falls.

'Gites de France' (the most common) - these are low cost Gites renting for 100 - 200 € a week for a very basic unit, often a single room with kitchenette and a bed, basic bathroom and little else. These are often in large blocks of 8 to 10 Gites, sometimes with a pool - the market is mainly for French holidaymakers in July and August. Historically, it is a diversification project by farmers but competition is high, bookings hard to get, and profitability very low.

Second most common are the farmhouse Gites, usually very clean and in small groups around a pool away from the main house. Often they are based on a conversion of farm outbuildings. They commonly have 2 or 3 bedrooms and let for 700 - 900 € a week at peak period s - little letting outside this period unless there is a local attraction. Main client base is UK/Dutch looking for a low cost holiday in the sun. The main problem is the sort of clientele - a combination of cheap accommodation, cheap beer and too much sun can lead to problems that you should consider how to deal with. The other problem is getting the bookings - there is a lot of competition and the off-season weeks are very difficult to let. Often owners use agents in UK to get bookings - they typically charge 20-40% commission!

Finally, luxury Gites such as at Villechaise, usually in small units close to a Chateau or other major house. Set in beautiful large grounds with private or large shared pools.

Expensive to rent, 1250 - 2000€ a week in peak times and due to the setting, very easy to let off-season. Clientele are paying substantial amounts so tend to be well-behaved. The large grounds mean they 'disappear' a lot of the time although they do want contact with the Chateau owners. You must be prepared to discuss restaurants, shopping, make sightseeing recommendations and assist with any problems they may have, but generally this is easy. Villechaise is very lucky in that the setting is truly magical, with lovely scenery and a wonderful local area. The Charente microclimate and a great lake full of fat Carp attract visitors throughout the season. Confolens is one of the prettiest villages in France and the music Festival in August means you are always solidly booked throughout the summer.

38lb Carp!

Nobody will show you their accounts - they are meaningless in any case. What you need to see are records of bookings, particularly off season. We will be happy to show you ours.

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8

Running costs of course will reflect how much work you do and how much help you employ. We currently only employ a cleaner who assists with the Saturday changeovers and cleans the Chateau one half day a week. With very low traffic levels, very clean air and rain, the property does not get dirty in the way houses do in the UK so the cleaning is mainly the removal of the living mess that a family generates!

Insurance costs are very low - crime is almost non-existent here. Heating costs, electricity and water are cheap relative to the UK. Also the general living costs can be inexpensive relative to the UK.

There are many people locally looking for work managing Gite complexes, gardening and providing assistance in many ways. Many of these are ex-pats that have settled in the area.

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9

The garden is set up for ease of work! Mowing is the main job but we have a large ride on mower for the main areas - about 8 hours a week in spring, less in summer. We have a mini tractor with grass topper/mower that does the larger areas if we haven't grazed them with our neighbours horses, sheep or cows - the farmer tops the fields and does all the work in return for the grazing! We have a petrol strimmer and hedge cutter which is required to tidy the hedges and edges.
Leaves are collected easily using the Terravac vacuum machine towed behind the tractor mower.

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10 The structure is enormous and very sound. The roof is complex but in good condition. The heating system with oil-fired boiler newly installed in 2002, is excellent. The electrical system and plumbing has all been modernised and meets the latest standards. You of course have the usual maintenance and painting to do annually, as with any property, which is a  large task but most of the work is unskilled and straightforward.

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11 Schooling, in St Maurice des Lions, 3Km away there is an excellent small primary school, up to 11yo. In Confolens, 2.5Km away,  there are several primary schools, two secondary Schools and a Lycee. Bordeaux has a small International School and offers weekly boarding with a local French Family which enables Children to complete GCSE and A level courses started in the UK before they moved to France. Costs are very low compared to UK Boarding Schools.

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12 Shopping - in St Maurice des Lions 3Km away there is a butchers, bakery/store and a post office. In Confolens 2.5Km away are two good supermarkets, a DIY store, banks, PO, tourist office and a selection of small shops. Confolens also has two weekly markets and lots of bars and restaurants. St. Junien 25Km away has hypermarkets and larger shops whilst Angouleme, Poitiers and Limoges are all within easy driving distance and are major cities with all facilities.
           

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13

It is very easy and inexpensive to get here. The simplest way is to fly to Limoges or Poitiers with RyanAir and then hire a car at the airport. You can be at Villechaise in less than 3 hours from leaving Stanstead! RyanAir are now doing flights from several other airports in UK - and other discount airlines are also flying to this area of France (eg Flybe from Southampton airport).

Of course many people drive down. It takes about 8 hours from Calais or 6 from Caen.

Hotels in France are very inexpensive, basic clean accomodation from 20€ a night!

We recommend the Golf de Saint Junien in St Junien, between Villechaise and Limoges, en-route to the Airport. It is clean, modern and good value. There are 2 hotels in Confolens - Emeraude and Mere Michelet. Both are basic and very low cost. If you want details of more upmarket hotels there are several in Limoges and Pressac.


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14

Everything in the Gites, right down to the towels and sheets is included, The kitchen dresser along with Electric Cooker and hood are included. Most of the curtains and all the fitted carpets in the main house are included.

Many other items including furniture and essential gardening kit  (including the tractor with front loader and back hoe (Mini JCB!), vacuum leaf sucker, mower attachments, tractor mower, hedge cutter, petrol strimmer and all the garden tools) are subject to negotiation.


 
Art Deco

For a detailed description of each area of the property, select a link below.

Chateau Petite Maison Gatehouse Outbuildings
Grounds Location Plans Home
Price Business FAQ

Art Deco

John & Philippa Holroyd
Domaine de Villechaise
16500 St Maurice des Lions

Tel: 0033 545 71 25 33 From UK
Tel: 0545 71 25 33 From France
Mob: 07802 460486 From UK
Mob: 0044 7802 460486 From France
Please note that the FRENCH Ring tone resembles the UK Engaged tone - can be confusing!

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