Operating Mill with Income!!

Lot-et-Garonne, Nouvelle-Aquitaine

€424,000

REF: BVI67210

Added 318 days ago

SAVE
type House
bath 1.0
area 403 m²

Property details

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 Overview

Discover the charm of this historic hydraulic water mill, dating back to 1490, nestled by a tranquil river and just a stroll from a vibrant village. With its potential for renovation into a unique residence or two stylish apartments, this property not only offers serene surroundings but also a sustainable income through electricity generation, making it a rare blend of heritage and modern opportunity.

Lifestyle & Location

Living near Allemans-du-Dropt in the Lot-et-Garonne department of Nouvelle-Aquitaine offers a charming blend of rural tranquillity and vibrant community life. This picturesque area is characterised by its beautiful landscapes, including lush vineyards and serene rivers, ideal for outdoor enthusiasts and those seeking a peaceful retreat. The nearby village boasts essential amenities such as local shops, cafés, and markets, fostering a strong sense of community among residents. Accessibility to larger towns ensures that cultural and social activities are within easy reach, while the region’s historical sites and natural attractions, such as the Dordogne River, provide ample opportunities for exploration and leisure.

Market Summary
The property market in this region is currently characterised by a unique opportunity for investment, particularly for those seeking renovation projects with income potential. With properties like the historic water mill, which not only offers residential space but also generates electricity for resale, buyers can expect a dual benefit of living comfort and financial return. The diverse range of property types and the appealing lifestyle make this area an attractive option for both local and international buyers.