Luxury 12 bedroom Farmhouse for sale with panoramic view in Radicondoli, Tuscany

8,000,000 EUR 6,880,000 GBP 8,640,000 USD

Reference: 228323

Bedrooms: 12
Floor Size: 1,500 m2

Features

Terrace
Equestrian Facilities
Possible Extra Dwellings
Outbuildings
Potential for Income
Panoramic View
Quiet Area
Parking
Garage
Good Condition

Details

Stunning farmhouse/agrotourist business, ideally situated within a quiet setting amongst the Siena hills, set on 165 hectares of land in a dominant position with breathtaking panoramic views across the surrounding countryside.

A section of the property dates back to 1014 and in 1980 the property was beautifully renovated and converted into a fantastic holidays structure.

The current property features a large building divided into 6 different sized apartments and 2km away there is a villa with a swimming pool.

The 740m2 tourist building has a typical Tuscan style structure with exposed stonework on the outdoor thick walls, beamed ceilings and terracotta floors. Together with the 6 apartments the building features a wide communal outdoor area which is often used to celebrate weddings and ceremonies. A tiled terrace with a hydro-massage bath is a perfect place for the guests to relax and enjoy their holidays.

There is also a 45m2 dependence with a small apartment, laundry area and an equipment room for the swimming pool, an original Tuscan oven and a 31m2 storage area.

Not far from the main building there are 2 big warehouses: 1 is 177m2 and the other is 160m2 and they are used as storage-garage for the farm machinery, equipment and garden tools as well as the equipment room for the photovoltaic system. (The owners receive benefits from the Italian state on a yearly basis because of the installation of the photovoltaic system). All utilities are connected with water mains, LPG (liquid gas heating) and wi-fi. In the land of the property there is also a playground area for the children, a volley ground and barbecue.

2km from the Agriturismo, accessible via an unpaved road which is in perfect condition, the property also includes a villa, at the top of a hill with stunning 360 degree panoramic views over the rolling hills. The villa is 212m2 on 2 floors; on the ground floor it needs to be renovated and it is composed of the old stables and storage; the first floor consists of 4 bedrooms, 2 bathrooms, 2 living rooms, kitchen and terrace. The first floor needs works to be upgraded and personalised.

There is also a 41m2 outbuilding to renovate and eventually convert into a guest house and a 30m2 annex already renovated. Parking area and swimming pool complete the property.

Underground the owners have found a hot spring water sources which could be used to create a spa-wellness centre.

It is also possible to reach the property by means of ultra light planes which can land directly in the fields.

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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.