Income Producing 8 bedroom Farmhouse for sale with panoramic and countryside views in Volterra, Tuscany
The property boasts a private and intimate location but it is not isolated, as it is just a short drive from Volterra town, approximately 40 minutes from the coast, less than one hour from Pisa International Airport while shops, bars, restaurants, banks, and all amenities can be reached within a few minutes by car.
Access to the property is via a private road leading to a parking area and then to the main residence.
The house is currently rented out as a holiday home ...
The property boasts a private and intimate location but it is not isolated, as it is just a short drive from Volterra town, approximately 40 minutes from the coast, less than one hour from Pisa International Airport while shops, bars, restaurants, banks, and all amenities can be reached within a few minutes by car.
Access to the property is via a private road leading to a parking area and then to the main residence.
The house is currently rented out as a holiday home and it has been renovated according to the traditional style and character of a Tuscan farmhouse.
The main building is spread over two floors with living space of approximately 400m2. It is currently divided into seven apartments, part of which is used by the current owners as their private residence.
On the ground floor there are three independent apartments, and each consists of a kitchenette with dining area, one bedroom with en-suite bathroom, and an additional room currently used as a living area, with its own bathroom (which can be used as second bedroom).
An internal staircase leads to the first floor, where there are three additional flats, two of which have been renovated and are ready for use. These flats consist of two guest rooms with private bathrooms suitable for hospitality activities, while a further section comprising a living room/kitchen, hallway, two bedrooms, and a bathroom which is unfinished.
The portion of the property currently dedicated to the hospitality business is in excellent condition.
All units have independent systems, and heating and cooling are provided by modern heat pumps delivering both warm and cold air.
All installations and systems are certified in accordance with current regulations.
Each unit is fully furnished and tastefully finished and they also boast charming vaulted ceilings.
The sale includes almost 7 acres of arable land, suitable for olive groves. Possibility to purchase 700m2 of adjoining land.
The estate has great potential - a holiday business as well as a private home, and its proximity to Volterra is a major advantage, while the extraordinary panoramic views make the setting truly exceptional.
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This Farmhouse is located in Volterra in Italy
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Buying Real Estate in Italy
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.