5 bedroom Restaurant for sale in San Giorgio di Valpolicella, Veneto

995,000 EUR 855,700 GBP 1,074,600 USD

Reference: 206254

Bedrooms: 5
Bathrooms: 4
Floor Size: 360 m2

Features

Terrace
Fruit Trees
Vineyard or Wine Making
Possible Extra Dwellings
Potential for Income
Turn Key Good Condition

Details

This enchanting rustic farmhouse is located in San Giorgio di Valpolicella, also known as Ingannapoltron, a hamlet listed as one of the most beautiful villages in Italy and one of the five villages that make up the Valpolicella wine producing region

Ideally located between Lake Garda and Verona, this delightful 'Osteria' and Bed & Breakfast comes with a spacious terrace and spectacular views of the lake and the surrounding vineyards.

The 360m2 of floor space is distributed over four floors which have been well restored and offer an excellent business opportunity.

The floor space is as follows:
On the ground floor, there is the 'Osteria', with its exposed stone walls, offering a professional kitchen, laundry and a multipurpose room. Adjacent to this is the 70m2 panoramic terrace with breathtaking views of Lake Garda and the vineyards of the Valpolicella.

In addition, there are four rental units ready to be rented out for tourist use:

On the ground floor there are two bedrooms and a bathroom.

On the first floor, there are two apartments, one with a living room, kitchenette, two bedrooms, and a bathroom and the second one, which is spread over the first and second floors, consisting of a living room, kitchenette, double bedroom and bathroom.

In the basement there is spacious area with three rooms, a bathroom and an adjacent garden of 100m2.

All the furniture, equipment and business assets are included.

A fabulous location in the municipality of Sant'Ambrogio, at the foot of Mount Solane, and close to the outlet of the Valdadige.

The village is surrounded by vineyards and olive trees, close to ancient quarries, where the splendid stone for the Verona Arena came from, and where you can enjoy a 180 degree enchanting panorama from Lake Garda to Verona, and from the Valpolicella to the Po Valley.

Show Map

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.