Income Producing 12 bedroom Farmhouse for sale with panoramic view in Montegabbione, Umbria

1,350,000 EUR 1,161,000 GBP 1,458,000 USD

Reference: 247049

Bedrooms: 12
Bathrooms: 7
Floor Size: 300 m2
Plot Size: 6 hectares / 14.83 acres

Features

Balcony
Terrace
Garden
Land
Fruit Trees
Communal Pool
Vineyard or Wine Making
Fireplace
Multiple Dwellings
Possible Extra Dwellings
Outbuildings
Potential for Income
Existing Tourism Licence
Rentable Accommodation
Panoramic View
Quiet Area
Parking
Garage
Contemporary Style
Traditional Style
Good Condition

Details

Price reduced.

Superb lifestyle and income-generating opportunity with this organic agricultural and agritourism business, with pool, apartments, olive groves and vineyards, in a panoramic situation in Umbria.

The impressive property consists of almost 15 acres of land, with various buildings with five apartments in total used for the agritourism, a main dwelling used by the owners, cellar and various outbuildings.
It is surrounded by 6 hectares of agricultural land, fully fenced in. With easy access, not far from services.
Everything is fully certified organic.

The main farmhouse, which measures approximately 300m2, is arranged over 2 levels with two apartments on each level; each apartment has a large living room with fireplace and full kitchen, two double bedrooms and bathroom.
The ground floor apartments have private outdoor areas, porch and terraces, to enjoy alfresco dining, while the first floor apartments have large panoramic terraces.

The second farmhouse is arranged over two levels and consists of a large communal area (restaurant), laundry room and storage space on the ground floor as well as the living area of the fifth apartment of the agritourism.
On the first floor is the sleeping area of the apartment with two bedrooms and bathroom.

The house used by the owners, on one single level, is divided into a living room with full kitchen and (closed) fireplace, two bedrooms and bathroom.

Additionally: a shed with mezzanine floor used as storage, a henhouse, and a large cellar fully equipped for wine production and bottling.

There is an infinity pool of 16x8 metres for the guests, with a number of sun decks and terraces, a summer kitchen with wood-burning oven, ideal for outdoor dining.

The houses are fenced in and surrounded by the property's 6 hectares of agricultural land.
There are 1300 olive trees, 3200 vines, 100 fruit trees, kitchen garden and saffron plantation.
Furthermore there are solar panels for domestic hot water, photovoltaic panels of 10 kw which produce a GSE incentive of approximately 7000 EUR/year, 4 wells and heating system on LPG and fireplace heating system for the various buildings.

Restaurant licence has been issued although currently no food is served.
Excellent income from rentals.
Very interesting location, quiet and panoramic, with easy access and close to services.

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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.