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Eco Housing Development & Chateau In Dordogne For Sale

St Privat, Corrèze
Asking Price:
€650,000 Furniture / Fixtures included
Sales Revenue:
€1M - €5M
Cash Flow:
Available on request

This is an eco-housing development on a fully restored, 17th century chateau estate in rural France. The property lies in the heart 30 acres of parklands and forests in the midst of quiet, deep-green nature, surrounded by hills & mountains, forests & lakes in the eastern Dordogne, one of most unspoilt regions of France.

The chateau is currently turning over €50k per annum as a holiday rental business and outline permission is in place to build a housing and permaculture hamlet for residential and/or holiday use. Plans already developed include affordable, fully integrated, off grid eco houses, large individual garden plots and access to the swimming pool & sauna, streams & forests, communal space and laundry. The chateau will provide visitor accommodation, a small restaurant and a multi-functional workshop space for education and cultural activities. The whole site aims to have the key feature of being a showcase for sustainable living.

Property information

Real Estate:

Real Property Included

Living Accommodation:

There is a 3 bedroom cottage on the property which is available for manager/owner.

Location:

The property lies in the department of Correze, an area that is surrounded by three national parks. It has been called the Canada of France. In Corrèze you can find tranquility and connection with nature. Densely forested hills are traversed by deeply incised valleys of the rivers Dordogne and Corrèze and among the hills are numerous lakes and apple orchards.

Corrèze has a rich history visible in the many medieval villages and castles. Central in the region lies the Plateau of Millevaches, a cool highland with various springs from where streams and rivers originate. It has a varied climate; the summers are hot, autumns often pleasant, winters can be cold and March and April can be quite rainy. Generally, there is little wind.

Corrèze is part of the Limousin, a region which is rich and diverse and includes the department of Creuse and Haute Vienne. The population density in rural areas is about 25 inhabitants per km². It lies approximately 300km from Paris, the Atlantic coast near Bordeaux and the Pyrenees in the south. To the east the boundary is formed by the Massif Central mountains, where in winter, skiing is possible. From the mountains of the Massif Central, the river Dordogne flows through Correze to the ocean.

Besides the Dordogne, Corrèze has a number of reservoirs. The 4,000 acre Lac Vassivière in the north is large enough for sailboats. Tulle and Brive with 16,000 and 50,000 inhabitants are the two main cities in the Corrèze. Beef cattle and wood are a major source of income for this area. Due to the absence of industry or large scale agriculture, Corrèze has the best air quality and the 4th best water quality of 95 departments in France according to Le palmarès de l’écologie, 2014.

It is well positioned in the centre of Europe with easy access from the north via Paris and the south via Toulouse both connected by train to Brive-la-Gaillarde with bus services to the local village. The ideal aspects of its location make it the perfect site for this landmark eco village.

Premises Details:

Located in the eastern Dordogne, in the Limousin region of central France, an area of outstanding natural beauty. It lies 500 metres above sea level, in the heart 13 hectares of parklands and forests, in the midst of quiet, deep-green nature, surrounded by hills & mountains, forests & lakes. This 17th century chateau can currently accommodate 20 people with 9 bedrooms and 4 bathrooms. It has been restored with soft furnishings and original antiques and has a large swimming pool with a UV cleaning system.

The chateau itself is a rare example of a Templar chateau in original condition and contains many artifacts dating back 400 years. It was purchased by the present owner twelve years ago, from the last baron of Cautine as he passed away. The original price was €810k and over €350k has been invested into this beautiful property since then.

Size in square feet:
chateau600 square metres; cottage 180 square metres
Planning Consent:

Following 5 years of work and investment, outline permission is in place at both the departmental level and local level (Department of Planning, Correze and the Commune of St Privat) for the development to proceed. This is an extremely rare outcome due to the fact that the property is situated in an area of special environmental preservation under the ‘Loi de la Montagne’. It is also listed as a site of ‘patrimony’ in France although the chateau is not a listed building.

Detailed planning permission will be submitted in February, 2017 for an outcome in June. This permission cannot be refused as we have already gained global approval for the project and this application is for the services, access and house designs. Preliminary informal approval of our plans from ‘Batiment France’, who are the guiding members of the planning board, has already been given. The statutory time frame required by law for approval process is 3 months maximum.

The local commune and mayor have invested funds in the initial studies and strongly support the project.

In the first stage, there are 14 houses planned. Our architect, a specialist in ecological design, has created a ‘tiny house’ specifically for this site to blend into the natural and historic landscape - ecological, aesthetic and off-grid. The house is modular and between 30-50 square metres. Turnkey prices will range from €90,000 to €150,000. In the second stage, a further 9 houses are planned: 5 hobbit houses and 4 terraced houses. Detailed designs and site plans for the first stage are available on request.

Business Operation

Expansion Potential:

There is potential to expand both the chateau rental and housing development beyond the present plans in terms of renovation of large attic space in chateau and further planning permission for additional housing.

Competition / Market:

Please see attached summary

Reasons for selling:

Cannot manage the development aspect alone

Trading hours:

chateau rental open all year

Employees:
1
Years established:
13

Other Information

Support & training:

Yes, full support and training can be offered

Furniture / Fixtures value:
€80,000 - included in the asking price
Home based:
This business can be run from home.

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