Stunning 16 bedroom Manor House for sale with countryside view in San Gimignano, Tuscany

4,000,000 EUR 3,440,000 GBP 4,320,000 USD

Reference: 162474

Bedrooms: 16
Bathrooms: 14
Floor Size: 812 m2
Plot Size: 18 hectares / 44.48 acres

Features

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

Details

Situated between Siena and San Gimignano, this converted Monastery sits on a hilltop position dominating the surrounding landscape. The property has become part of this timeless landscape as it has been here for over a thousand years.

The main building has been converted into 13 self-contained apartments, offering a total of 16 bedrooms and 14 bathrooms, including living rooms and kitchenettes. The property measures approx. 812m2 in total.

The church, situated in the west wing, is still used to celebrate ceremonies, and the property is often used as a location for weddings and prestigious events.

Within the grounds there is also an annex used as storage and staff quarters, measuring 89m2 and a wine cellar.

The property has been immaculately restored, retaining traditional materials where possible. The recent restoration has been carried out to a high level with great care and attention to preserve the traditional Tuscan style and abundance of original features. Original terracotta floor tiles, stones and wooden beams have been kept where possible. The style may be described as typical Tuscan rustic country house, and even though the ceilings and floors have been dismantled, refurbished and restored, the property still emits an age old ambience reflecting true Tuscan architecture.

The property is surrounded by a total of 18 hectares of land, which consists of Chianti di Colli Senesi vines, olive groves, and charming gardens with lawns, flower beds and hedged pathways leading to the pool areas.

The estate is located in the heart Tuscany, 10 minutes from Siena, 20 minutes from San Gimignano, 53 km from Florence, 79 km from the coasts, and it offers wonderful views over the unspoilt Tuscan countryside and the scenic Castel of Monteriggioni. For these reasons the Monastero Frangiceno offers a unique opportunity to ascertain a real piece of history as well a great opportunity for those looking to invest in a hospitality business of distinction.

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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.