5 bedroom Commercial Property for sale with panoramic view in Alba, Piedmont

3,500,000 EUR 3,010,000 GBP 3,780,000 USD

Reference: 209723

Bedrooms: 5
Plot Size: 6.71 hectares / 16.58 acres

Features

Balcony
Fruit Trees
Vineyard or Wine Making
Potential for Income
Panoramic View
Parking
Garage
Turn Key Good Condition

Details

This is a unique opportunity to buy a family run, well established winery located in Alba with potential to create a small hotel.

The area where this winery is located in Piedmont, north west Italy is famous worldwide for its wines and truffles.

The following is included in the sale:
• VINEYARDS – 16.59 Acres (6.71 Hectares)
• WINERY (800 m2) & EQUIPMENT (including bottling/ageing facilities)
• VILLA, MAIN OFFICE, TASTING ROOM & GARAGE FOR TRACTORS

The vineyard plantings consist of 16.59 acres (6.71 hectares) of high quality grapes including Nebbiolo d'Alba, Barbera d'Alba, Dolcetto d'Alba, Arneis and Freisa. They all have been classified as DOC and DOCG. All plants are on phylloxera resistant root stock and the grapes have consistently produced high quality wines. Total production approximates 690 quintals giving a potential of 66 thousand of bottles yearly.

WINERY
The winery is about 800m2 and was built in 2006. It is equipped with underfloor heating and currently has the capacity of approximately 253 tons (2500 Hl), which can be expanded. The stocking tanks are made of stainless steel, while the ageing barrels or barriques are made of oak. Refrigeration system and thermo-controlled tanks are also part of the winery's asset. The bottling and packaging machines have an hourly productivity of up to 2,000 bottles; they are in excellent condition and have been purchased in the past few years.

VILLA, MAIN OFFICE, TASTING ROOM & GARAGE FOR TRACTORS
The villa comes with 200m2 of floor space over two storeys: ground floor consists of two garages plus some further space used as canteen and storage; second floor consists of five rooms, restroom, small kitchen and a panoramic balcony.

The office is detached and is just next to the wine tasting room which is refurbished with top quality finishes; both the office and wine tasting room are part of the same building. This building also has three garages with very high ceilings at the back of the office and tasting room. This building can be converted into a small hotel with a potential fantastic panoramic view. There is also space to build a swimming pool in the garden. The open-air garage is currently used as park for tractors and storage for equipment.

Utilities and Services
All necessary utilities are present.

Potential Uses
The wine estate is a perfect solution if looking for a well-established wine business in the heart of Langhe, Piedmont. The properties present a brilliant potential for adding accommodation with a pool to the wine business for added income.

LOCATION
Minutes away from Alba, iconic town of Piedmont. An international wine and truffle fair takes place in Alba in October and November every year. The territory of Alba has recently become part of UNESCO world heritage.

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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.