French property in Midi Pyrenees - Tarn - 19th century Old Chateau with Planing Permission for 27 apartments between Toulouse and Castres

Philippe Colombu Independent Agent, says :

Reduction from €901,000 to €795,000

19th century Old Chateau with Planing Permission for 27 apartments between Toulouse and Castres

The Château de Saint-Marc is a large neo-classical building of the 19th century of 1000 m2 livable space on 3 storeys with a U-shaped courtyard bordered by the two wings of the huge outbuildings , set on a wooden parkland of 3.3 hectares. In the château itself there are 24 rooms , including 19 with marble fireplace : Entry Hall 55m2, lounge 48 m2, dining room 48m2, kitchen 30m2, 15 bedrooms betwen 20m2 and 30m2, 5 bathrooms and a chapell. The roof terrace is 120m2 large with stunning views over the lake and the rolling hills of the country side between Toulouse and Castres. The left wing of 1370m2 livable space is to be renovated partially and the right wing of 1000 m2 livable space needs full renovation. Given the demand for sharing a chateau property so that overheads can be shared with the co-owners, instead of one family picking up the total annual bill, an off-plan development project has been approved by the local authorities for creating 27 apartments including 11 in the left wing, 10 in the right wing and 6 in thre chateau itself. All in all there are 3300 m2 to be renovated or created at € 1200 per sqm, for a resale value of € 2500 per sqm or more.

Location in France

The Tarn department is to be found between Toulouse and Montpellier. It is a fantastic mix of both Languedoc and Pyrenees culture. The landscape is contrasting, with green forests giving away to sun soaked vineyards. The 350,000 population enjoy a Mediterranean-like climate and a relaxed pace of life. Showers in the spring help to keep the vegetation lush.
Tourism is now the main source of industry in the department, attracting visitors to its climate and landscape, as well as the cuisine. The most popular wine comes from the town of Gaillac, which has been producing it since Roman times, and foie gras is a popular regional dish.
Albi, situated on the banks of the river Tarn is the departmental capital. It is from this river that the reddish clay is extracted to construct just about every building in the town. The artist Henri de Toulouse grew up here and bequeathed the town with the largest collection of his works. Albi has a vast cathedral, also built from red clay, and looks more like a fortress than a spiritual place of worship.
Castres is a busy town, and makes a great base for exploring the surrounding countryside. Pimgrims used the town as a stopping off point on their way to Compostela. It boasts a superb art museum showcasing works from across the border in Spain.
Toulouse, Rodez, Montpellier and Carcassonne all have their own airports with regular flights from the UK. Toulouse also offers TGV links to many other French destinations. The area also has a good road and rail network.