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Operating Mill with Income!!
Allemans-du-Dropt, France, 47800
REF: 732272
€424,000
Description
Renovate this stunning riverside property, walkable into a popular village, whilst making money!
This historic hydraulic water mill, dating back to 1490 and with a lifetime right to the water, continues to generate electricity sold back to EDF under contract, currently offering an annual resale of 24.500 .
It is also possible to install solar panels for additional electricity resale (subject to necessary permissions).
All the machinery and equipment have been recently renovated, servi.. Renovate this stunning riverside property, walkable into a popular village, whilst making money!
This historic hydraulic water mill, dating back to 1490 and with a lifetime right to the water, continues to generate electricity sold back to EDF under contract, currently offering an annual resale of 24.500 .
It is also possible to install solar panels for additional electricity resale (subject to necessary permissions).
All the machinery and equipment have been recently renovated, serviced annually.
The mill has a 24KW and 36KW turbine as well as electric meters completely refurbished.
The mill is composed of 5 rooms for a total space of 500m2. There are also two terraces, a garage and parking spaces to park in front of the mill.
The environment is very peaceful and there is a real potential for development either into one dwelling, or two amazing apartments!
Price including agency fees : 424 000
Price excluding agency fees : 400 000
Buyer commission included: 6 %
Renovate this stunning riverside property, walkable into a popular village, whilst making money!
This historic hydraulic water mill, dating back to 1490 and with a lifetime right to the water, continues to generate electricity sold back to EDF under contract, currently offering an annual resale of 24.500 .
It is also possible to install solar panels for additional electricity resale (subject to necessary permissions).
All the machinery and equipment have been recently renovated, servi.. Renovate this stunning riverside property, walkable into a popular village, whilst making money!
This historic hydraulic water mill, dating back to 1490 and with a lifetime right to the water, continues to generate electricity sold back to EDF under contract, currently offering an annual resale of 24.500 .
It is also possible to install solar panels for additional electricity resale (subject to necessary permissions).
All the machinery and equipment have been recently renovated, serviced annually.
The mill has a 24KW and 36KW turbine as well as electric meters completely refurbished.
The mill is composed of 5 rooms for a total space of 500m2. There are also two terraces, a garage and parking spaces to park in front of the mill.
The environment is very peaceful and there is a real potential for development either into one dwelling, or two amazing apartments!
Price including agency fees : 424 000
Price excluding agency fees : 400 000
Buyer commission included: 6 %
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Property on Map
Currency Exchange
Allemans-du-Dropt, France, 47800
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in France do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in France takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €424,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €424,000 | £351,203 | £364,407 | £13,203 |
| Property Price € | €424,000 |
| Minimum cost in the last six months | £351,203 |
| Maximum cost in the last six months | £364,407 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,203 |
Allemans-du-Dropt, France, 47800
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in France do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in France takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €424,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €424,000 | £351,203 | £364,407 | £13,203 |
| Property Price € | €424,000 |
| Minimum cost in the last six months | £351,203 |
| Maximum cost in the last six months | £364,407 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,203 |
The exchange rate on the day you make an offer on your property in France will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £13,203 more.
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