Prestige 10 bedroom Palazzo with Spa, Pool and Income Potential in Rutigliano, Puglia
· Pre sale Estimate €750,000 to €1,250,000
Unconditional online auction of a prestigious, fully restored palazzo dating back to the Eighteenth Century in the heart of beautifully preserved medieval of Rutigliano, Puglia, providing a compelling investment opportunity within one of Italy's strongest performing tourism destinations.
· Income Producing
· Close to Beaches
· Bidding Opens 16th November 12.00 Noon
· Scheduled End Date 18th November 16.00
· Approximately 780 sq m of living space
· Panoramic roof terrace
· A rare opportunity to acquire an exceptional historic Italian palazzo dating from 1778, beautifully re...
· Pre sale Estimate €750,000 to €1,250,000
Unconditional online auction of a prestigious, fully restored palazzo dating back to the Eighteenth Century in the heart of beautifully preserved medieval of Rutigliano, Puglia, providing a compelling investment opportunity within one of Italy's strongest performing tourism destinations.
· Income Producing
· Close to Beaches
· Bidding Opens 16th November 12.00 Noon
· Scheduled End Date 18th November 16.00
· Approximately 780 sq m of living space
· Panoramic roof terrace
· A rare opportunity to acquire an exceptional historic Italian palazzo dating from 1778, beautifully restored to combine authentic architectural heritage with modern luxury.
Located in the heart of Rutigliano's medieval centre, this palazzo is one of the town's most prestigious buildings.
This remarkable freehold property extends across four floors and is currently arranged as 10 beautifully appointed apartments & studios. The property offers a highly versatile opportunity for continued hospitality use or conversion into an extraordinary private residence.
Meticulously and sustainably restored, it retains many of its original architectural features, including frescoed ceilings, vaulted ceilings, stone detailing and elegant balconies, whilst incorporating contemporary design and comfort throughout.
An internal lift, a rare addition within a historic palazzo, provides access to all levels.
Key Features:
· Palazzo dating to 1778
· Panoramic roof terrace with sea views
· Located in the historic centre with charming shops, restaurants and cafes on the doorstep
· Short distance to the wonderful beaches of Polignano
· 27 km to Bari Airport
· Beautifully and sustainably restored
· Private lift/elevator serving multiple levels
· High frescoed ceilings and original architectural features
· Indoor swimming pool, spa area and sauna
· Potential for a rooftop swimming pool (subject to permissions)
· Possibility as a private residence (proposed floor plan available upon request)
· Approximately 780 sq m (8,396 sq ft) of living space, 35 sq m (377 sq ft) indoor swimming pool with 7.5 sq m (81 sq ft) sauna, and 200 sq m (2,153 sq ft) roof terrace
The Property:
The accommodation has been thoughtfully arranged to provide privacy, flexibility and an exceptional guest experience.
The building comprises ten individual apartments and studios, each offering fully equipped kitchens, living areas, and stylish interiors that effortlessly blend traditional Italian character with contemporary design.
Original features have been carefully preserved throughout, creating a unique atmosphere that cannot be replicated in modern developments.
At lower ground level, a dedicated wellness area includes an indoor swimming pool and sauna, creating a private spa environment for residents and guests.
At roof level, a spectacular terrace provides multiple spaces for dining, entertaining and relaxation, with views stretching towards the Adriatic coastline. Subject to the necessary permissions, the terrace also offers the potential for the installation of a rooftop swimming pool, further enhancing an already exceptional property.
Investment Potential:
The palazzo represents a compelling investment opportunity within one of Italy's strongest performing tourism destinations.
Puglia continues to attract increasing numbers of international visitors seeking authentic luxury experiences, historic accommodation and coastal lifestyle destinations.
The property's established hospitality configuration allows for immediate continued operation, while its flexible layout presents numerous alternative strategies. It is currently generating in excess of €120,000 per annum in rental income, with potential to increase occupancy and rates further (full rental figures available on request).
Potential uses include: luxury boutique hotel, serviced apartments, private members' retreat, wellness destination, exclusive-use events venue, multi-generational family residence, landmark private home
The property's scale, character and location make it equally attractive as an income-generating asset or a prestigious private residence.
Location
Situated within the beautifully preserved medieval centre of Rutigliano, the property enjoys an enviable position in one of Puglia's most authentic and characterful towns. Known as the "Città dell'Uva" (City of the Grape), Rutigliano is celebrated for its rich heritage, traditional terracotta craftsmanship and vibrant local culture, with charming cafés, artisan shops, trattorias and historic piazzas all on the doorstep.
Ideally located between Bari and Conversano, and just inland from the Adriatic coast, the property offers easy access to many of Puglia's most sought-after destinations. The spectacular coves and beaches of Polignano a Mare are just 15 minutes away, while Bari International Airport provides excellent connectivity across Europe, together with seasonal direct flights from the United States, making the property readily accessible for international owners and guests.
Distances
· Bari International Airport - 27 km (25 mins)
· Bari City Centre - 24 km (30 mins)
· Conversano - 15 km (20 mins)
· Polignano a Mare - 21 km (15 mins)
· Adriatic beaches and coves - 10 km (15 mins)
· Monopoli - 30 km (30 mins)
· Ostuni - 51 km (55 mins)
A perfect base from which to experience the very best of Puglia's coastline, countryside, gastronomy, and culture, while remaining conveniently connected to major European cities and seasonal direct links to the United States.
By separate negotiation - A complete furniture package for turnkey living and rentals - encompassing bed linen, towels, crockery, glassware, appliances and outdoor furniture as well as cleaning equipment.
By separate negotiation - Rentals website, listings, marketing collateral.
Please contact us for more information, floor plans, photos etc.
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This Chateau is located in Rutigliano in Italy
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Buying Real Estate in Italy
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.