10 bedroom Villa for sale with panoramic view in Lucca, Tuscany

4,700,000 EUR 4,042,000 GBP 5,076,000 USD

Reference: 171023

Bedrooms: 10
Floor Size: 570 m2
Plot Size: 9 hectares / 22.24 acres

Features

Terrace
Fruit Trees
Vineyard or Wine Making
Original Features
Possible Extra Dwellings
Potential for Income
Panoramic View
Turn Key Good Condition

Details

PRICE REDUCED - This historic and prestigious villa sits nestled in the hillside, which is just 15 minutes from the town of Lucca. Surrounded by 9 hectares of land of which 5 hectares are established vineyards. In addition to the main villa there are farm buildings and ample guest accommodation allowing for the possibility to run the estate as a business - With a little modernisation, this delightful estate could make a successful boutique hotel and wedding venue.

Villa:
Throughout this elegant 17th Century villa is a wealth of original features including well preserved frescoes, a private chapel and vaulted cellars. With 570m2 of floor area spread over three floors, spacious accommodation, arranged symmetrically with 4 principal
rooms per floor. Wonderful panoramic views from all the rooms to the front of the villa can be enjoyed as well as from the terraces and gardens.

Some modernisation may be required, depending on individual taste and requirements, adding additional bathrooms and bringing the kitchen onto the ground floor from the lower ground.

Gardens and Ground:
To the front there are lovely manicured gardens and lawns that lead the eye across the Lucchese countryside and down a grand stone stairway that connects the lower gardens to the complex. In total there are 9 hectares of land that sweeps around the properties providing olive groves and 5 hectares of established vines, with a range of grape varieties including Sangiovese, Merlot, Canaiolo, Ciliegiolo, Trebbiano Toscana, Greco, Vermentino Bianco, Malvasia del Chianti and Moscato d'Amburgo, producing 5 wines with good local recognition and the possibility to create international distribution.

Additional buildings:
To the rear of the villa are the working buildings of the farm and guest accommodation.
These structures are set well back from the main villa ensuring absolute privacy. The buildings cover a further 1,900m of floor area providing guest apartments, agricultural
and storage rooms and large open plan rooms ideal for private dining and wine tastings.

Location:
Located just 10km from central Lucca allowing for the enjoyment of rural living, whilst still near all the cultural attractions, shopping and restaurants of the city.

1 hour to Florence, 30 minutes to Pisa Airport and 30 minutes to the
coast and Forte dei Marmi.

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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.