Character 18 bedroom Hotel for sale in Volterra, Tuscany

1,650,000 EUR 1,419,000 GBP 1,782,000 USD

Reference: 227801

Bedrooms: 18
Bathrooms: 20
Floor Size: 850 m2
Plot Size: 100 m2

Features

Golf Resort or Nearby
Air Conditioning
Original Features
Potential for Income
Outstanding View
Turn Key Good Condition

Details

Full of character and charm and with a total spacious built area of 850m2, this superb 18 bedroom hotel is ideally situated in the picturesque village of Volterra, just an hours drive from Pisa international airport, 45 minutes from the closest beaches and half an hour from Castelfalfi golf course.

The hotel boats a fantastic central position in the Etruscan town and a lovely Italian style garden.

With its origins dating back to the 17th Century, this superb palace has been carefully and wisely renovated over the years, with it's last renovation done in 2017 and the current owners have modernised the interiors in order to adapt the suites to toays requirements and needs.

All systems are perfectly working and in order with the current laws, with air conditioning, natural gas central heating and internet. All windows are double glazed and each bedroom is fully supplied with a TV, mini-bar and safe.

Features include: 18 bedrooms with en-suite bathrooms, reception area, breakfast room, dining room and bar corner, equipment room.

First floor: 3 bedrooms with en-suite bathrooms, wide living room and additional 5 rooms which are currently used by the staff as changing rooms, WC and storage, but which could be eventually converted into 2 additional suites.

second floor: 10 bedrooms with en-suite bathrooms, laundry room and a storage room.

Top floor, which is the oldest part of the building and characterised by an amazing Etruscan wall:s 6 bedrooms with en-suite bathrooms, WC, technical room and a stunning master bedroom with amazing vaulted ceiling. The top floor opens onto the amazing Italian gardens, which is a perfect place where guests can relax, read, enjoy breakfast appetisers and drinks during the sunny days.

The garden, supplied with a bar corner, is also accessible from a charming picturesque street of the town and it boats stunning views over the historical centre.

The sale also includes a commercial space on the ground floor, facing the main street, with a separate entrance. It is currently rented with a safe and sure income.

This hotel would be a perfect solution for a family run business, as there are bedrooms enough to let and space for the owners to live in.

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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.