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C H Â T E A U    L A    C H A S S A G N E

Hôtel de Luxe  *  Arboretum  *  Conservatoire Viticole  *  Musée de Vin  *  Aérodrome Privé

 

Analysis

Domain Château la Chassagne

F-21410 Pont-de-Pany / Dijon, France

Telephone : +33 - 380.49.76.00 / Fax : +33 - 380.49.76.19

eMail : info@Chateau-Chassagne.com / Internet : www.Chateau-Chassagne.com

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Object:

Château la Chassagne

 
A magnificent old hunting lodge and beautiful manor house dating from the 19th century. This superb estate, thanks to the splendid renovation into a deluxe hotel, is a unique opportunity for lovers of fine objects.

Location:

F-21410 Pont de Pany / Dijon

Approximately 15 km West from Dijon with direct access to the motorway, private Château vineyard and airfield.

Entry in land register:

Borough/Community Sainte Marie sur Ouche
Borough/Community Fleurey sur Ouche

Boundaries:

As Community

Section:

Sainte-Marie sur Ouche:
K, parc. 29, 30, 36, 37, 39, 40, 42, 46 55, 61, 65, 87, 101, 102, 103, 104, 105

Fleurey sur Ouche:
K, parc. 14, 15, 16, 17, 46, 47, 50, 52

Area of land:

total: 100 acres (403.671 m2)

 

 

Grounds

Situation and description

The parkland area of approximately 100 acres (400,000 m2) is situated amongst the hills approximately 15 km West of Dijon with its very own motorway exit. The estate owns a private airfield (grass runway, 800 m x 50 m directly behind the Château). Within the park is its very own vineyard with 2,000 vine plants.

The estate is part of the village "Pont de Pany" and is situated just above the Burgundy canal at the entrance to the Ouche valley. Within the region the "vallée de l'Ouche" is a regularly visited area for excursions and hiking. The undulating estate is set amongst the rolling hills of the surrounding countryside. The very well kept and manicured park contains both exotic deciduous and broad leaf trees and is often mentioned in specialized guides as a unique arboretum within France. The undeveloped area of land within the park contains some beautiful lawns and pasture land with crossing pathways. The soil content is normal. No groundwater and no emissions. The surrounding cultural environment is good. A farm is adjacent to the property.

Burgundy is world renowned for its culture and history, its world famous wines and its outstanding gastronomy. Dijon with an approximate population of 220,000 and universities, is the capital of the Burgundy region. This central location in Europe is the basis for its economic and international structure. An intersection of motorway and railway systems (TGV, French high speed train) and also serviced by its international airport, makes Dijon a centre of communication. Its location, accessibility and shopping flair are its strong points.

The property was built in 1865 as a private residence and hunting lodge, at the same time that the Burgundy canal was being constructed. Due to its unique positioning in the heart of Burgundy with its historical culture and mild climate, "Château la Chassagne" is an outstanding and magnificence gem.

During the past few years this property has been completely renovated and restored, modernised with the newest techniques and technology, transforming it into an international “de luxe hotel” with all the necessary amenities.

 
Premises

Description of construction

The property was initially built as a hunting lodge in 1865 as a three storey freestanding building with approximately 1,200 yd2 (950 m2) of living space, with full cellars and a solid wood roof structure. The cellar walls are made of brick, pointed and then plastered. The vaulted ceilings in the rooms are of brick. The floor of the cellar is of concrete, with flooring plaster with a solid stone staircase leading to the ground floor. The space above the vaulted ceilings has been filled with concrete and layered by screed. The roof structure is of solid wood. The underside of the ceilings are built in the style of "plafond à la française" (protruding wooden beams) which have been covered in part with wood, painted and decorated resulting in beautiful coffered ceilings. The roof structure is angled and built as described above. The steeply angled roof is decorated with protruding gable windows of different styles and sizes. The exterior chimneys and the tops of their stacks also have special forms. These seven chimneys are necessary for the open fireplaces found within each room, the kitchen and the central boiler room. The main staircase to the different floors splits into two or three parts with a landing at each floor. It is built of solid wood and attached to the walls of the Chateau. The staircase and its handrail are constructed in the style of Baroque-Rococo. In the right hand part of the building is a hydraulic lift with access to each of the three floors. The distance between floor and ceiling is 3.90m on the ground floor, 4.20m on the first floor and 2.70m on the second floor with the occasional suspended ceiling.

The four adjacent buildings have all been constructed in the same way as the main house, of solid material and tiled wooden roof structures. Apart from the partially cellared apartment house and fitness house the other buildings have no cellars.

The building was constructed initially as a hunting lodge in the classical Baroque style with a visible period Rococo influence. The harmonious relationship between park and construction is clearly apparent. The facades of natural stone are decorated with numerous reliefs and carvings. The door and window frames are also of carved natural stone. The main construction and its adjacent buildings have all been well looked after and tended. The beauty as a whole is due to the whole compilation (of both the park and its buildings) providing the optimum value.

Conversion

Fully automatic hot water central heating with two oil fed boilers. Existing oil tanks in the cellar. The sanitary installations are in good condition and are more than adequate. The well installed electrical installations are to the norm and more than necessary. Electricity, water and all amenities are provided by the council. In total there are 14 open fireplaces within the Château. The chimney flue and walls are of stone. The doors are of solid wood in relief on both sides. Windows are of wood and PCV double glazed. The entrance door, windows by the stairs and those in the seminar room as well as many other rooms, such as the light dome room on the second floor are paned glass windows. On the whole the ceilings are covered wood panels and in parts they are plastered. Various rooms are wood panelled. The other walls are plastered and wallpapered and painted. The living rooms on the ground floor are fitted with very good hotel quality carpet. In the bathrooms both walls and floors are tiled. The hall, stair well and restaurant all have the original large ceramic flagstones. The steps of the staircase are of solid wood with a landing at each floor (wood and carpeted). In total for three floors. A lift has been installed from the ground to the top floor. The whole impression is of good quality and up keep.

Level of Construction

The structure with its four adjacent buildings was built as a hunting lodge in 1880. In the past years this construction has been approximately 50% re-conditioned, with sanitary and modern technology being incorporated into the whole and continuously being upgraded. A hydraulic lift with access to all floors has also been installed. The modernization, repairs and refurbishment have continued to this day.

Exterior

Flood lighting around the car park, the driveway etc. is installed. Drainage systems are in place. The access routes and paths are covered in gravel. Open air swimming pool which is tiled and in good condition. The fitness centre, sauna and showers have wooden walls and tiled floors. Existing outdoor giant chess set. The parking and the open areas around the buildings are covered with gravel. The park and arboretum with its old trees are well kept. The trees are a mixture of conifer and broad leaf as well as of course a mixture of saplings. All the grounds are well maintained and look perfect.

Decrease in value

Until now eye judgement has revealed no decrease in value in either technical or economic areas. The technical and economic depreciation have been avoided by the continuous up keep and modernisations including the work carried out in the last years for the sanitary installations. The continuous careful maintenance and modernization as a rough estimate amounts to 50% of construction value. The careful maintenance and continuous modernization of the exterior constructions is estimated at about 70% of the initial value.

The investment costs are separated as follows:

EUR 2,300,000    20% for the initial construction and 80% for the conversion.
EUR 1,200,000    exterior

EUR 3,500,000    Total of modernisation and reconstruction.

Due to this the decrease in value both technical and economical considering the age of the building is balanced. The permanent renovations in the last years of the Chateau, park and its exterior buildings lead to it being in excellent condition.

 
A) Land value

Total land mass approximately 100 acres (400,000m2) sub divided into:

Description

Price per m2

Total price

360,000 m2 forested and flat meadows

at EUR 0.75 / m2

EUR 270,000

40,000 m2 constructible land

at EUR 90 / m2

EUR 3,600,000

Development costs and ready to construct for a 40,000m2 building site

at EUR 2 / m2

EUR 80,000

Total land value:

 

EUR 3,950,000

The environment and conditions of the surroundings are excellent.

The land has an old and partly exotic tree population and as with the meadows and pastures it has been well tended. It is probably the only arboretum in France, as says the book "French gardens". It is hilly with an approximate difference of 20 m between the lowest and highest point and lies in impressive forested mountain scenery.

In light of the descriptions and the observations made, the land survey has been completed.

Building costs of the road have been paid for.

 
B) Dependances

Courtyard and parking facilities
Approx. 3,500 m2 maintained drainage
Parking lightly covered in gravel, in parts tarmaced
Drainage and illumination
X EUR 12.50 / m2

EUR    43,750

Permanent access routes within the grounds
Approximately 6,000 m2 maintained drainage
Lightly covered and in parts tarmaced
Drainage and illumination
X EUR 12.50 / m2

EUR    75,000

Open air swimming pools
Open air swimming pool with 2 pools
5.00m x 7.00m x 1.50m and 7.00m x 12.00m x 1.50m
with contrary water flow system, water exchanger
interior and exterior lighting. Heater in immediate
surroundings in conjunction with fitness centre.
Tiled floor with excellent workmanship.
Equal in level with the surroundings and terrace.

EUR    140,000

Tennis Court
Out door tennis court, hard surface, drained
Wire mesh enclosure, adjacent small wooden building
With manicured surroundings

EUR    30,000

Relaxing and leisure
Open space and games (giant chess set)
And covered BBQ area, drainage
Illuminated pathways and surrounding area
Approx. 2,500 m2

EUR    62,500

Golf green and driving range, par 3

EUR    10,000

Wildlife reserve
Sound reserve fenced in with 2 m high wire mesh,
feeding pasture, Stalls constructed from wood, wild deer
Approx. 15,000 m2

EUR    17,500

Extra supplements
- for the wine lover, a vineyard with 2,000 vine plants
  secluded within a natural stone enclosure
- an approved private airfield
  (800m x 50m grass runway)
- unique arboretum within the whole of France

EUR    250,000

EUR    200,000

EUR    300,000

Total of the exterior establishment:

EUR    1,128,750

 
C) Building value in price per m2

Taken the object’s current construction level and the degree of modernisation into account, the given square meter prices contain an age-related deduction of 25% based on the useful life of the buildings.

Price per m2 for the Château building    

EUR     3,750

Price per m2 for the Château annexes

EUR     2,000

Price per m2 for the Outbuildings

EUR        950

Château

Main building

Approx. 950 m2 x EUR 3,750 / m2
3 halls, 1 gallery/ Château hall, 2 drawing rooms,
17 rooms, 10 bathrooms /WC, 3 sanitary rooms,
2 kitchens, 1 stairwell with adjoining small areas,
storage rooms in cellar and attic (see plan)

EUR     3,562,500

Chapel construction

Approx. 40 m2 x EUR 2,000 / m2

EUR     80,000

Conservatory

Approx. 30 m2 x EUR 2,000 / m2

EUR     60,000

Other constructions

Apartment building

Approx. 150 m2 x EUR 950 / m2 including
4 rooms, 2 bathrooms / WC, 1 kitchen, 1 conservatory

EUR     142,500

Barn / Wine museum

Approx. 120 m2 x EUR 950 / m2

EUR     114,000

Administration / Stables / Garages

Approx. 130 m2 x EUR 950 / m2

EUR     123,500

Fitness centre

Approx. 125 m2 x EUR 950 / m2 including
3 rooms. Toilets. Showers. Sauna

EUR     118,750

 

Special building work

  Special building works carried out for previously described
  constructions (foundations for extensions, terrace,
  outdoor stair case, balconies, chimneys, elevation of the roof etc.)
  Rough estimate

Value of the building

EUR     375,000

EUR     4,576,250

 
D) Extra building costs

Costs for: surveyor -, notary-, land registrar-, architect-,
statics engineer, forman, bank charges, charges for loan,
administration charges representing approx. 14% of
EUR 6,305,000 (exterior value and value of the building)

EUR     882,700

Summary:

A) Land Value

B) Land usage

C) Building value

D) Extra building costs

 
Total value

EUR     3,950,000

EUR     1,128,750

EUR     4,576,250

EUR       882,700

 
EUR     10,537,700

 
Indication

The continuous restoration and maintenance, as well as the modernizations and sanitary instalments in the last years balance the loss of value with the gain. The building substance, the layout and investment are balanced at 1:1.

Remarks

The total estimated value is approximately EUR 10,500,000. This is justified by its optimal traffic link and its exceptionally well looked after park (arboretum). Its very own vineyard including the rented land for its private airfield; its very excellent maintenance and retention of the original construction.

The object portends itself for numerous usages and lends itself to a good sale.

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Michael Dresen

Château la Chassagne, January 2nd 2008

Château la Chassagne

eMail: info@chateau-chassagne.com  Ÿ Internet: www.chateau-chassagne.com

Château la Chassagne

Paiement en France:

Einzahlungen in Deutschland:

SCI Château la Chassagne

F-21410 Pont-de-Pany/Dijon

Crédit Agricole, Dijon Ÿ BIC: AGRIFRPP810

Volksbank Freiburg

Société Civile Immobilière

Tél.: +33 (0) 3.80.49.76.00

Code Banque: 11006 Ÿ Guichet 21034

Kontonummer: 177 582 09

Gérant: Michael Dresen

Fax: +33 (0) 3.80.49.76.19

N° de Compte: 03347729001 Ÿ Clé RIB 67

BLZ: 680 900 00

R.C.S. Dijon D 378.332.720