Income Producing 18 bedroom Farmhouse for sale with panoramic view in Montaione, Tuscany

1,390,000 EUR 1,195,400 GBP 1,501,200 USD

Reference: 239199

Bedrooms: 18
Bathrooms: 11

Features

Private
Quiet Area
Parking
Turnkey
Good Condition
Fruit Trees
Golf Resort or Nearby
Tennis Court
Original Features
Possible Extra Dwellings
Outbuildings
Potential for Income
Panoramic View

Details

With excellent income potential and ideally situated in a quiet setting amongst Florence hills in Montaione, this spacious 18 bedroom property has stunning panoramic views and is only 45 minutes from Florence and a short distance from the highways.

The estate was carefully and tastefully renovated in 2005 and 2007 by maintaining and enhancing its original features such as the original stone and bricks on the outdoor walls and the vaulted ceilings.

The estate features a main building which has been divided into 8 units and a former barn which has been divided into 2 additional apartments, all of which are nicely furnished.

First floor:
First apartment - 87m2: kitchen, dining/living room, 2 bedrooms, 2 bathrooms and attic room reachable from the living room.

Second apartment - 84m2: kitchen dining/living room, bedroom and bathroom.

Third apartment - 96m2: kitchen, dining/living room, 2 bedrooms, 2 bathrooms and a lovely loft overlooking the garden.

Fourth apartment - 51m2: kitchen, dining/living room, 2 bedrooms, 3 bathrooms.

Ground floor:
Fifth apartment - 86m2: kitchen, dining/living room, 2 bedrooms, 2 bathrooms.

Sixth apartment - 85m2: kitchen, living/dining room, 2 bedrooms and bathroom.

Seventh apartment - 86m2: kitchen, dining/living room, 2 bedrooms and 2 bathrooms.

Eighth apartment - 80m2: kitchen, dining/living room, 2 bedrooms and 2 bathrooms.

Ninth apartment - 102m2: kitchen, dining/living room, 2 bedrooms, and 2 bathrooms.

Tenth apartment - 103m2: kitchen, dining/living room, 2 bedrooms and 2 bathrooms.

There is also a ground floor storage area.

All the apartments are in perfect condition and supplied with satellite TV, fully supplied kitchens with oven, fridge and dish washer and wi-fi.

The sale includes 3 hectares of land with garden areas for the apartments, a huge swimming pool, with 2 - 12 x 6 baths connected together by a smaller pool for children and fully supplied with sun beds, umbrellas, external shower and barbecue.

The rest of the land consists of a wide olive grove which has been given on free loan and a wood.

Upon request of the guests the holiday home offers fresh bakery, additional laundry service and a home chef. There are important subsidies and tax facilities for this kind of business, for example there is the possibility to enlarge the estate by creating a restaurant area, bar, a conference room, wellness centre, fitness centre or any sort of activity which can improve the holidays structure and offer additional services to the guests.

The property boasts a strategic position, it is, in fact, possible to reach the closest village, services and supermarket on foot, the closest train station is only a 10 minute drive away, 15 minutes from Castelfalfi golf course, council tennis court is 3km and with easy access to the most picturesque villages of Tuscany, such as San Gimignano, Volterra, Certaldo and Vinci as well as the most attractive towns like Florence, Siena and Pisa and Arezzo; while the coast is an hour and half drive away.

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.