4 bedroom farmhouse for sale with 1 hectares of land, San Gimignano, Siena, Chianti
3,000,000 EUR
2,700,000 GBP 3,540,000 USD
- Bedrooms: 4
- Bathrooms: 4
- Floor Size: 700 m2
- Plot Size: 1 hectares / 2.47 acres
- Work Required: Minor
- Vineyard / Wine-making facilities and equipment
PRICE REDUCED - Situated on a hilltop just outside San Gimignano, this villa offers a 360 degree panorama of beautiful Tuscan countryside consisting of vineyards, cypress trees and the famous towers of San Gimignano.
The villa offers approx. 700 sqm of space over 2 floors ; The first floor comprises 3 spacious bedrooms, 3 bathrooms, lounge area, kitchen and an office. The ground floor which is in need of refurbishment comprises staff quarters and a wine cellar. The villa remains in its original lay-out from when built in the 1970's, when the ground floor was used to produce the wine cultivated in the surrounding vineyards.
If restored, the villa could easily offer a spacious open-plan layout consisting of 6 bedrooms, each with en-suite facilities. The current owner has recently invested a considerable amount making the property ready for sale. The windows, shutters, and roof have undergone thorough renovation, and the facade has been painted. The electrics and plumbing have also been maintained and updated.
The Estate
The grounds consist of a small garden and parking area, and there are approx'10 hectares/25 acres of land which consist of approx ' 6 Ha/15 acres of vineyard and 4 Ha/10 acre of woodland. The villa offers excellent access being located only 200mt from a country lane which in 5 minutes takes you to San Gimignano.
The Location
The town of San Gimignano which is a UNESCO world heritage site is one of Tuscany's most visited towns, due to its unique towers and its well preserved medieval architecture. The town offers many great restaurants and all the amenities of a modern town. There is an open air cinema located in the fortress, and many open air events such as theatre and opera throughout the summer.
Florence/Siena highway 15mins, Florence 45 mins, Siena 35 mins, Pisa airport 90 mins
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Italy Property Buying Guide Property Blog
Guide to the Italian Buying Process
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.