Auction

For the first time on my blog, I post information on the sale of a property :

WINERY AUCTION:

On January 23 at 2:30 pm, the town of Saint Emilion will auction a winery known as “Château BADETTE” with 8 hectares (19.77 acres) of vineyard of red wine in the Saint-Emilion Grand Cru appellation.

Date, hour and location of the auction : January 23, 2008 at 2:30 pm in the meeting room of SAINT EMILION’s town hall, 6 Place PIOCEAU.

Description: This active vineyard of 8 hectares, all in one piece, is located in the district of Saint Christophe des Bardes in the Saint-Emilion Grand Cru appellation. The varietal is 100% Merlot. The vines are in good health with an average age of 35 years old.

The property includes a small old house needing restoration work (3 rooms on the ground floor and an attic), a garage and an additional outhouse.

The winery includes: an independent cellar, tiled with 11 concrete vats (1137 hl), with thermoregulation, insulated roof. A large cellar for barrels and one capable of storing 60 000 bottles. A new storage facility with insulated roof. A concrete garage and 2 annexes. A garage for equipment in the back.

Asking price: 3.7 million Euros.
A deposit of 740 000 Euros is required for residents of the Euros zone. Payment terms of 30 days from date of last accepted offer.

For information and visits: All information on the property, terms of sales and legal and tax questions regarding the transaction will be provided by the notaries-seller (attorney-seller): Maître François COUTANT or Maître SEYNHAEVE at +33 (0)5 57 24 71 05, cazaillet-coutant@notaires.fr

Sale organized by MINENCHERES, le Marché Immobilier des Notaires (the notaries real-estate market) : Contact : Sabine BAJARD at +33 (0)5 56 79 37 04 – +33 (0)6 15 05 66 43, min-bordeaux@minencheres.com