Turenne (Corrèze) - Superb character property, currently operating as a restaurant
€446,250 (APPROX. £390,723)
Specifications
Property Details - Commercial
Description
Exclusive to Allez-Français
A charming restaurant in the pleasant heart of a medieval village, one of "Les Plus Beaux Villages de France". The whole property is built in stone, and you will appreciate the tastefully renovated interior.
The restaurant has a huge entrance hall of 19m², 2 big rooms of 36m² & 74m² where currently up to 85 diners can be served. A pleasant fire in the fireplace reveals all the splendour of the authenticity and the quality of the property. There is also a professional kitchen of 24 m² that meets the current regulations, and 3 cellars (2 of them are vaulted).
In addition to the restaurant area on the ground floor, the first floor has been developed as living space that consists of a large living room of 32m² with an Inglenook fireplace, a dining room of 15m², study/bedroom of 14.5m², WC, corridor and landing and 4 large rooms, from 15m² to 26m² for the largest. The entire floor is superb old parquet floor boards.
The attic of 80 m² still has a huge potential for development, either to extend the habitable space even more or to make gîtes or chambre d'hôtes …
There is a beautiful courtyard with a small garden (right in the centre of the village), facing south west, with a superb view over the village and its wonderful old houses.
New oil-fired heating, mains sewers, ADSL (broadband). A great business opportunity in a great location.
Peter Elias, (Agent Commercial) - RSAC N°48183917300020.
5% TTC honoraires à la charge du vendeur - Agency fees included
Honoraires de 5% TTC inclus (425,000 € hors honoraires)
Tel. 06 62 28 02 25- Mail: sales@allez-francais.com
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Return of inflation in France: going into debt saves
In the midst of a purchasing power crisis, the real estate purchasing power in France’s ten largest cities has been on the rise for the past 10 years. In fact, in taking out a loan to acquire their housing, French buyers ultimately increase their wealth due to negative real rates. Currently, borrowing rates posted and used by banks remain stable at an all time low level of 1.55% over 20 years. The return of inflation (2%), however, is changing the game yet again, allowing households to earn money by going into debt.
For example, a household that now owes €200,000 at 1.55% over 20 years will have a monthly mortgage payment of €968. Assuming that inflation remains stable at 2.2% over the term of the loan, the monthly payment of €968 would only be worth €625 in real currency in 20 years, a decrease of 35%. All in all, the happy owners would have finally repaid only the equivalent of €188,000 at the end of their 20 year term, compared to €233,000 without inflation.
The real borrowing rates are therefore negative, at -0.7% !
We are able to offer exceptional mortgage deals via our dedicated mortgage broker in France
