Income Potential 10 bedroom Farmhouse for sale with countryside view in Mascalucia, Sicily

1,400,000 EUR 1,204,000 GBP 1,512,000 USD

Reference: 247488

Bedrooms: 10
Bathrooms: 5
Floor Size: 514 m2
Plot Size: 700 m2

Features

Multiple Dwellings
Garden
No Pool
Countryside View
Potential for Income
May Require Improvement
Roof Terrace
Fireplace
Original Features

Details

Full of charm and character is this beautiful historical stone farmhouse encompassing 4 independent units with garden, ideally located near all amenities in the heart of Mascalucia.

The residential units comprising this property offering are four, with 2 of them being renovated, as follows:

Unit No. 1 is a property of remarkable virtues, constructed between 1781 and 1831. The finishes are of high quality, starting from the frescoes on the walls and ceilings, presumably attributed to the master Scalia, to the flooring in parquet, terracotta, and ceramics (flooring dating back to the time of construction of the property).

The skilfull and impeccable renovation carried out by the owner successfully combines a taste for the antique with the introduction of modern technological systems such as underfloor heating and cooling, ensuring not only remarkable comfort but also preserving the magic of the place.

Additionally, a sound system and surveillance cameras are installed in all rooms.

Internally, the property welcomes one with an entrance leading to a representative area on the right, comprising spacious living rooms where the old alcoves are still visible, a reading area, a study area, and also to the vibrant area of the house with kitchen and bathrooms, a sleeping area with spacious and well-distributed rooms.

Unit No. 2 is a property of good craftsmanship, also constructed between 1781 and 1831, with excellent contemporary finishes. The heating and cooling system is autonomous but not underfloor.

Externally, the property in lava stone features a large living area, a bathroom, and bedrooms, all framed in a rustic environment with exposed beams. It also has a double entrance, one from the main door and the other from a side street, allowing complete independence.

Unit No. 3 is situated at the entrance and in need of complete renovation, consisting of two large loftable rooms and a large roof terrace in front of the entrance door.

Unit No. 4 is an above-ground cellar that can be lofted and also has access from a side street, therefore independent.

The property currently only has external walls that indicate the old volume measured at 124m2. With the application of the so-called 'Piano Casa', which allows for the use of bio-building elements and permits an increase of up to 35% in case of renovation interventions, it could allow for a total construction of 247m2.

Completing the offer, in addition to the internal courtyard overlooking which three of the aforementioned units are, picturesque with its lava stone well and bricks, perfectly usable for rainwater collection, there is an adjacent buildable land extending approximately 700m2, according to the urban planning tool in force in the Municipality of Mascalucia, in zone B2 - completion with intensive construction.

Zone B2, from an urban planning point of view, is the most valuable area. It allows for direct construction as it already has primary and secondary urbanisation works. Furthermore, it has a land buildability index of 3 mc/m2, thus allowing for a significant maximum buildable volume. It is clear that these areas are of high value both for their considerable buildability and their rarity.

This property complex is perfectly suitable as a tourist accommodation facility, due to its ample spaces, the history you can breathe inside, and the four distinct units, but it is also suitable for various family groups.

Distance from:
Airport 23.0 km
Pharmacy 0.6 km
Museum 2.5 km
Hospital 6.8 km
School 0.6 km
Shopping mall 1.3 km
University 0.4 km.

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Italy Property Buying Guide

1. Making the Offer to Purchase (Offerta)

Once you have found the property you wish to purchase you will start the process by making a formal offer to the vendor, the estate agent will act on your behalf and put forward the offer, a deposit will be made available, generally around (10,000 - 20,000 EUR). Once the vendor has accepted the offer it will be formalised in writing to the vendor in both English and Italian. If this is accepted the deposit (Caparra Confirmatoria) will be paid to the vendor. This will form a legally binding contract. Neither party may withdraw at this point, the sale can be forced by either party or a claim for damages can be made. If the purchaser withdraws their deposit will be lost, if the vendor withdraws the purchaser can claim twice the deposit in compensation.

2. Signing the Preliminary Contract (Compromesso or Contratto preliminare)

The next step will take place between 1 and 3 months after the offer has been accepted, this is a formal agreement between the vendor and purchaser to sell and buy the property, this agreement is the Preliminary Contract and will contain the conditions and terms of the sale. It is important at this stage that you have a full understanding of all the details contained in the contract. We would strongly recommend that you appoint a Notary who is fluent in English. This document will include the purchase price, a detailed description of the property including completion date and will cover any obligations placed upon the buyer and the vendor. All information relating to the property including any planning permissions for the property and the cadastral details (a public record, survey, or map of the value, extent, and ownership of land as a basis of taxation). Once the Preliminary Contract (Contratto preliminare) has been signed a further deposit (Caparra Confirmatoria) will be paid, this will generally be 10% - 20% of the purchase price. There will also be an estate agents Commission Fee (Provvigione) which will need to be paid at this point.

3. Signing the Final Deed of Sale (Rogito or Atto Notarile)

The purchaser must have a bank account in order to make the purchase on completion. The signing of the final deed of sale which will authorise the transfer of the property must be overseen by a Notary (Notaio). The buyer will select and hire the Notary, but they are members of an independent body of public/professionals who will draft the purchase deed, they will oversee the passing of the title legally from the vendor to the purchaser. The Notary will also verify the legality of the documentation and registration with the Conservatoria dei Registri Immobiliari and the Local Land Register.

4. Formalities to be observed after Completion

Foreign buyers should obtain a certified copy of the Purchase Deed (Rogito), which the Notary will have lodged with the authorities. Generally this will be available to collect around 2 – 3 weeks after completion. The Notary will also give you a form to complete for the the local authority (Questura) who will have been given formal notice of the purchase. Your Notary will help you to complete this form. You will need to contact the utilities companies to set up new contracts (power, water, telephone, gas etc.). If the property is a flat, the condominium manager (Amministratore del condominio) should be informed of change of ownership of the property.

IMPORTANT - Disclaimer : All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.