2 bungalows and 4 rental units
Big pool – gardens
€560,000 * (ref: 219)
This property is a purpose-built gite complex on the outskirts of Gramat, a busy market town in the North of the Lot département, a few miles from the famous village of Rocamadour and the celebrated Gouffre de Padirac – a vast underground cavern. It is ideally located in a region of beautiful villages, thick oak forests and prehistoric sites between the rivers Lot and Dordogne.
The complex was built in the eighties … and therefore is well-roofed, insulated and double-glazed. It comprises four identical gites, two big bungalows and a 14 metre pool with summer kitchen; all set in 5000m² of partially wooded land in the Parc Naturel de Quercy east of Gramat.
The current owner does not live on site: he rents the four gites as summer rentals over the months of July and August and the two 5-bedroomed bungalows on yearly leases.
Each of the four gites have two double bedrooms, a family bathroom (with tub), separate wc, large kitchen/dining area and lounge. Outside each gite has a dedicated terrace invisible to the others.
All the gites have access to the pool, a 14×6 metre basin which is equipped with a sheltered summer kitchen area for barbecues and meets all safety regulations in terms of fencing.
The two bungalows are separated from the gites and pool by a wooden fence … but they could be exploited as short-term summer rentals as well. Each has five bedrooms, two bathrooms, two WC and a spacious kitchen/dining area. Terrace and dining area outside. Parking.
The grounds are flat, mainly grass lawns punctuated with shady wooded areas. Parking for 5 or 6 cars. Access to the estate is (for the last 100 metres) by unpaved road. This means that there is no through traffic and no noise. Incidentally, this ‘unpaved road’ is in fact part of the Camino – the celebrated Pilgrims’ footpath leading to Santiago-di-Compostella in Spain, by way of Rocamadour.
Our opinion: The big draw here is the village of Rocamadour with its cliff-side dwellings, ecclesiastical centre and mediaeval housing. A ‘must-see’ for tourists from March through to October. Pilgrims come from the world over to see it … and they pass in front of this property. This could be treated as an investment property with the owner putting a manager into one of the units to run the place throughout the tourist season (March-Oct). Or the owners could use one of the 5-bedroom bungalows and let out the other five units. Whichever way, the business should generate over €70k pa. An ROI of more than 10% …
* agency fees included reference n°: 219
more information or to arrange a viewing – email
- Ref n°: 219
- Summary: This is an investment property where the owner lives off-site and rents out the gites on short-term 'tourist' lets or longer term 'furnished accommodation' leases. The attraction is not only Rocamadour but the whole forested area of North Lot. The pool is central to the success of this business and the generous amount of space in the grounds makes it popular with tourists. It's a new-build: no old world charm!
- Address: Gramat, Occitanie
- Price: €560,000
- Commission: 3% (included in asking price)
- Surface Area: 6000m²
- Bedrooms: 18
- Bathrooms: 7
- Pools: 1
The Lot Valley
South-West France is basically a low-lying sun-baked plateau bisected by deep river valleys running off the Massif Central to the Atlantic Ocean: the Tarn, the Aveyron, the Lot and the Dordogne. As elsewhere in France, the départements (or counties) are named after these river valleys and their catchment areas.
The Lot valley is in the middle, sheltered and warm, and has long been home to some of the best vineyards of the region. The wealth created from the wine trade has contributed over the centuries to the construction of numerous magnificent chateaux and manor houses throughout the département.
Well before this trade, prehistoric man thrived in these valleys, leaving traces in a number of caves . One of the most spectacular caves with rupestrian art is at Pech Merle, in the Lot valley East of Cahors and a few minutes from St-Cirq-Lapopie.