Project 4 bedroom Mill for sale with panoramic view in Pigna, Liguria

280,000 EUR 240,800 GBP 302,400 USD

Reference: 241975

Bedrooms: 4
Floor Size: 250 m2
Plot Size: 2,000 m2

Features

Fruit Trees
Lake or River Included
Vineyard or Wine Making
Panoramic View
Private
Parking
May Require Improvement

Details

Welcome to a once-in-a-lifetime opportunity to purchase a 300-year-old Olive Mill in the picturesque village of Pigna.

This old property for sale in Pigna has a unique location in the Italian valleys and has 250m2 of living space which is in need of renovation, with an approved proposal to expand the property to have 400m2 of residential living space.

Surrounded by 2,000m2 of private, complete with pool approval and direct access to mountain springs and rock pools.

The Olive Mill is steeped in history and was fully active until the early 1960s, manufacturing olive oil. The machinery and workings are still in good shape, making the property a hidden gem.

An American professor purchased the property after falling in love with the area's genuine Italian villages and restoring the Mill into a distinctive and comfortable residence. Since his death in the mid 1990s, the villa has remained untouched, awaiting new owners to restore and revitalise it.

The approved project provides the possibility to restore and enlarge this beautiful villa, making it into a pleasant and unforgettable family home or holiday resort. The goal is to create a restoration project that flows, with a tranquil interior design that blends nature and well-being from the moment you walk in.

We imagine a spacious, comfortable kitchen and combined social room for family and friends to congregate and experiment with local seasonal fruit from the garden, as well as wine from the nearby vineyard and olive oil from the village's trees.

Pigna is set between the Alpine Marittime Natural Reserve and the famous Riviera dei Fiori on the Mediterranean Sea, making its location unrivalled. The village, which dates back to the 10th Century, is steeped in history, and the villa for sale in Pigna is only an hour from Monaco, an hour and a half from Nice International Airport and two hours from Genova, making it easy to travel around Europe and the rest of the world.

This remarkable property has the size and location to be a beautiful family home enjoyed for generations or an incredible holiday rental sought after by professionals and high-net-worth individuals wishing to unwind, go down to basics, and reconnect with family and friends.

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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.