14 bedroom Villa for sale with panoramic view in Volterra, Tuscany

1,500,000 EUR 1,290,000 GBP 1,620,000 USD

Reference: 179998

Bedrooms: 14
Bathrooms: 10
Reception room(s)::5
Floor Size: 1,700 m2
Plot Size: 0.8 hectares / 1.98 acres

Features

Possible Extra Dwellings
Outbuildings
Potential for Income
Panoramic View
Turn Key Good Condition

Details

This is an impressive villa which would provide an excellent investment opportunity, enabling one to own an historic Tuscan residence and generate income from the high quality rental apartments.
With origins dating back to the 15th century, this regal structure was a noble residence and Papal seat for centuries until the 1980s. It has now been immaculately restored to create 11 apartments, a private chapel, restaurant and recreation areas including a swimming pool. Views from the villa stretch across the hills of Tuscany with the glistening coast in the distance.

1700 sqm of floor area spread across the main villa and adjacent two storey building.

Main Villa - entry into a grand hallway with imposing wooden staircase connecting the three storeys of the property. The ground floor of the villa provides impressive reception rooms for communal use including the original chapel which remains consecrated.
The front ‘saloni’ give access to the grounds. On this floor there are also unrestored cellar rooms which could provide further facilities or indeed accommodation and there is a one bedroom apartment.

First floor - there are 5 individual apartments, all enjoy a spacious reception room and high quality bathrooms with marble finishings.
Second floor- a further 6 apartments, several of which have charming beamed ceilings.
Though the property has not been in use for several years little work would be required to bring the apartments back into working order to once more generate income.

Outbuildings- Adjacent to the main villa, with direct street access is a separate building which has been restored to provide restaurant and professional kitchen facilties. A further two apartments are also within this building.

Gardens & Grounds - Accompanying the villa there is just under a hectare of private grounds with swimming pool, parking area and wonderful mature trees, walkways and statues.

Location - Located within a medieval hilltop village one can simply step into the street to enjoy a coffee or aperitif at the neighbouring bar or buy basic provisions from the grocery shop. The village sits within the rolling countryside between Florence and Pisa. Under 30 minutes from Pisa Airport and the beach and under 1 hour from Florence.

Show Map

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.