18 bedroom House for sale in Olgiata, Lazio

9,000,000 EUR 7,740,000 GBP 9,720,000 USD

Reference: 200984

Bedrooms: 18
Bathrooms: 20
Floor Size: 1,822 m2
Plot Size: 0.6 hectares / 1.48 acres

Features

Equestrian Facilities
Golf Resort or Nearby
Possible Extra Dwellings
Outbuildings
Potential for Income
Parking
Garage
May Require Improvement

Details

Majestic 18 bedroom house situated within the prestigious residential area of Olgiata, just a few km from Rome, surrounded by a constantly maintained park in front of a golf club with 24 hour security.

This imposing and prestigious family home has a vast total living area of around 1,800m2 and is set within a private garden of 6,000m2 with a swimming pool.

Set within one of the best quality golf course in Rome and with equestrian facilities including stables and a club just down the road and near the 2 main International schools in the area.

This beautiful property consists of a main villa of 1,350m2; outbuilding of 50m2; garage of about 130m2; second outbuilding of 306m2 and a private park of 6,000m2 with a swimming pool.

Main villa on 2 levels and a basement slightly to one side:
Ground floor: several large halls, study, living room, 2 en-suite bedrooms and a cloakroom.

First floor: large master bedroom with bathroom and fitted wardrobes, 3 further bedrooms each with its own bathroom.

Slightly underground level: large kitchen, further living rooms for staff, laundry room and a large garage.

First annex: living room, kitchen, bedroom and bathroom.

Second annex, on 2 floors and adjacent to the pool: living room, kitchen, living room, 3 bedrooms and 3 bathrooms.

2 further small annexes.

Set within a park of over 600 hectares, which is surrounded by a garden of about 6,000m2 where there is a beautiful swimming pool. The property also borders the 13th hole of the golf club that has a full 27 holes. Nature, tall trees, various woods, embellish the garden and large verandas and porches overlook the garden.

Both the villa and the annexes, despite being in good condition, are in need of a complete makeover since the last renovation dates back more than 30 years. The exterior facades of buildings, completely coated in old brickwork, are in very good and perfect condition, while the indoor flooring, installations, bathrooms and kitchens need to be refurbished.

The villa is suitable for a large family or one that is prone to receive and host events: the huge rooms and comfortable outdoor spaces allow to organise parties and receptions. The second annex, considering the size, is also suitable to be used as a second main dwelling.

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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.