Refurbished 2 bedroom Apartment for sale with panoramic view in Gambassi Terme, Tuscany

250,000 EUR 215,000 GBP 270,000 USD

Reference: 235306

Bedrooms: 2
Bathrooms: 2

Features

Terrace
Fireplace
Panoramic View
Private
Parking
Turnkey
Good Condition

Details

Completely refurbished 2 bedroom ground floor apartment, ideally situated within a prestige borgo which dates back to 979, when it was part of a Church patrimony.

The complex is completely immersed in the countryside between Volterra and Gambassi Terme, San Gimignano is 12km, Pisa airport is an hours drive as well as Siena and the coast. The hamlet is easily accessible via a 3km unpaved road, which is in perfect condition and is surrounded by lovely vegetation, centuries old olive trees and stunning panoramic views over Volterra.

The complex is set within 60 hectares of land, with 4 buildings which have been completely renovated and converted into 15 apartments with a communal infinity swimming pool with hydro massage and impressive views over Volterra town and the hills.

Each apartment has an assigned and exclusive parking space, private garden or terrace and the use of the communal areas.

With a total living area of 62m2, features include: fitted kitchen/dining/living area with a fireplace, 2 bedrooms, ante-room and a bathroom. There is a little piece of garden outside where it is possible to relax which is exclusively assigned to the apartment.

Tastefully furnished and equipped with all comforts, wi-fi, air cooler and heater, amazing terracotta floors, beamed ceilings, antique chestnut doors and the sale includes all furniture.

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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.