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5 Bedroom Property with Pool and Sea View
€700,000
$763,000
€
$
Castellina Marittima, Tuscany
5
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Ref #: V5314C
Monferrato, TuscanyRef #: V5314C
An ancient castle with a hotel, a restaurant and a century-old park in a small village surrounded by vineyards.
This magnificent property is situated on the hills between the Monferrato and Langhe areas.
The property comprises a castle and former stables and is surrounded by a 4,600 sqm park.
With a net saleable area of 2,088 sqm, this castle is an idyllic venue for weddings, events and meetings.
Location:
The castle is just a 10 minute drive from Alessandria and less than half an hour away from Asti (25km) and Acqui Terme (30km).
Located on gentle hills and surrounded by vineyards, this property is halfway between the Monferrato and Langhe areas, a UNESCO heritage site known for its history, landscape and the production of excellent wines.
This property is 100km from Milan, 96km from Genoa, and 75km from Turin, which can all be reached in about one hour by car.
Genoa airport is about 80km away but you can easily reach the airports of Milano Linate (115km), Milano Malpensa (135km) and Turin (113km) as well.
The castle is in the heart of a characteristic village and is one of the few castles in Piedmont that has maintained its original defensive walls.
This property consists of a castle and former stables immersed in a wonderful park featuring walkways and water games, a bicentennial plane tree and century-old plants.
The castle (net area of about 1,563 sqm) is arranged on 5 floors and features exposed load-bearing masonry, mullioned windows, arches, moulded frames and, on the east wing, a crenelated tower that emphasises the medieval style of the structure. Part of the brickwork is covered with a climbing ivy.
The main floor maintains its ancient charm, including the main hall that features coffered ceilings, the communicating halls embellished with frescoes from the early 1800s, and the porch that used to lead to the castle’s chapel (now deconsecrated).
The first and second floor include nine rooms with air conditioning and private bathrooms, most of them with a whirlpool bathtub.
The semi-basement includes the restaurant, which features cross vaults and a large fireplace, the professional kitchen and cellars.
The second semi-basement includes the technical rooms. All systems have been overhauled during the various renovations that this property has undergone.
The former stables (net area of about 525 sqm) is arranged on 3 floors.
The ground floor includes a reception and meeting hall, a bar, two storage rooms, and bathrooms for people with disabilities.
The first floor includes an apartment with two bedrooms and a bathroom, three storage rooms, a second kitchen, a laundry room and the bathrooms for the guests.
The semi-basement includes a storage room and a boiler room (systems are new and perfectly functional).
This property, of great historic and artistic interest, has been used as a prestigious accommodation facility, in particular for:
– Ceremonies and events
The castle has two kitchens: one inside the main building and the other one in the former stables. The internal halls can contain up to 210 guests. The settings of different sizes inside and outside the buildings can host numerous events in autumn and winter.
– Conferences and meetings
The various halls of the castle can hold meetings with 10 up to 170 participants with the possibility to combine conference and catering services (business brunches or gala dinners).
– Hotel
The hotel includes 9 rooms: 3 comfort double rooms, 2 junior suites and 4 suites.
The castle has undergone architectural transformations applied by many different owners over the centuries. The latest renovation involved the coffered ceilings on the main floor, the prestigious frescoes of the adjacent halls, and the impressive eastern tower.
The renovations made to transform the castle into a hotel and a prestigious event venue aimed at preserving its historical charm and providing the common areas and all the rooms with the highest technical and efficiency standards.
External areas
The castle, former stables and protective walls are surrounded by a 4,700 sqm park (besides the building grounds), with plants and century-old trees that you can admire along a path with fountains and water games.
This property has been an accommodation business for many years. It specialises in banquets and conferences as well as overnight stays.
For those who are interested, there’s the possibility to develop the restaurant business. In fact, the old kitchens, featuring cross vaults and a large fireplace, are the perfect venue for a 25-seat restaurant, which can expand to the park during the summer.
View all our properties on our website casatuscany.com
Address: Monferrato, Tuscany
Location type: Village
Condition: Restored
Bedrooms: 10
Bathrooms: 24
Property size: 2,088 sqm
Land size: 0.47 hectares
A notary is a qualified lawyer who is employed by the Italian government. When you are buying Italian property, it is a notary who conducts the legal transfer of a property from vendor to buyer, and prepares the deed of sale, checks there are no charges on the property, title issues and with the assistance of a technician such as a geometra or architect, checks the property conforms to all planning issues.
It is always the buyer and not the vendor who pays the purchase taxes due and who pays the notary fees also. This means that it is up to the buyer which notary is used. In practice it is usually one of the local notaries and we can recommend which one to use and which one is cheapest, as notary prices do vary.
We provide a detailed list of all fees and taxes (including the notary’s quote) before you sign any contracts.
Translator – if you do not speak fluent, enough to understand detailed legal contracts, you will need to have a translator at the notary deed. Your agent or the notary will usually arrange this so you don’t need to worry about it. The cost varies but is often 200-300 euros. This can sometimes be shared with the vendor if they are also non fluent in Italian.
This depends firstly on two things.
A. Are you buying as a resident or a non resident?
B. Are you buying from private individuals or from a company?
If you are buying from private individuals, then the taxes you pay are based on the cadastral value – a nominal value which each property has and which depends on its size, location, standard etc – nothing to do with the market value.
Example 1:
House price agreed €100,000.
Property belongs to private sellers.
Cadastral value of the property €32,000.
Let’s say you intend buying the house as a non resident (.ie. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 9% on cadastral value €32,000 so €2,880 plus a few smaller fixed taxes.
Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy;
Taxes payable are 2% on cadastral value €32,000 so €640 plus a few smaller fixed taxes. A minimum figure may be payable.
Please note, you could buy the house as a resident and pay the lower rate of tax if you intend moving there and obtaining residency within the next 18 months. Don’t be tempted to do this unless you are definitely sure you will become a resident. If you then do not, you need to pay the difference in taxes plus a penalty of around 30%.
If there is substantial land (not just a garden) with the property, then 15% is payable on the value attributed to the land, which can be quite low, eg a value of €15,000 could be attributed to the land so 15% of 15,000 = €2,250 would be the tax on the land.
Example 2:
House price €100,000
Property is being sold by a company
Cadastral value of the property is €32,000
Let’s say you intend buying the house as a non resident (i.e. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 10% VAT on full market price €100,000 so €10,000 plus a few smaller fixed taxes.
Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy,
Taxes payable are 4% VAT on €100,000 so €4,000 plus a few smaller fixed taxes.
Once we know
– which house you want to buy, its cadastral value and who owns it (company/individual)
– whether you intend to buy as a resident/non resident and if it’s your first property in Italy
only then can we ask the notary to provide a quote for the precise taxes payable.
Other circumstances
Then of course there are other scenarios.
If the value of the property you want to buy is very low (eg €50,000) then purchase costs are likely to be a higher percentage as there are set minimums to pay for all fees and taxes. So on a €50,000 house, you are likely to pay 12-15% instead of 10% (non resident).
You might want to buy a property (being sold by private individuals) with your company. Taxes are considerably higher in this case, as they would be 9% on the sale price (not on the cadastral value). So it’s cheaper to buy a privately owned property as a private individual, not as a company.
But, in the case of a country property which is a farm/winery/agriturismo, these are often owned by a farming company (azienda agricola) , which has considerable tax advantages as you can buy the farm and pay just 0-1% (depending on the circumstances) on the purchase price in tax.
Taxes would be different for a commercial purchase, eg if your company is buying an Italian company (ie a farm or other company). Buying the shares of a company usually meets zero taxes, just a few fixed fees, and notary and accountancy fees.
The above is a guide, and once you have found a property you are interested in buying, we can obtain a notary quote for you, with a full breakdown of the taxes and fees due.
Notary fees – approx 1-2%, more for a lower priced property due to some fixed taxes.
Agency fees – in Italy both buyer and seller pay the agent. These are payable to the Italian agent (one of our partners) you view the house with at compromesso (preliminary contract) stage and for each party are usually 3% plus VAT. VAT is 22% in Italy. Minimums apply. Nothing is payable to Casa Tuscany so you will not pay double the fees, you will just have double the assistance!
Compromesso registration fees – approx €380 plus a part payment of taxes which is deducted from the total taxes due at completion.
Translator for the deed signing at the notary’s office. Required if you do not speak Italian well enough to understand legal deeds. Approx cost €250 – €350 depending on the notary.
Technical report for the notary. Checks all the planning issues of the property, making sure it matches the official plans, no works have been carried out without permission, gathers all previous permits, checks the house is sellable and not illegal in any way. Carried out by a geometra, architect or engineer and costs vary considerably, a minimum of €761 including VAT/ Please note this report is NOT a structural survey, that is an optional additional report you may wish to instruct.
Local council tax – IMU (formerly ICI) – payable only by non residents. This needs to be paid twice a year at the post office – no bill is sent. Most people use a local accountant or property manager to calculate it.
Refuse tax (TARI)
In some areas, mountain community tax.
If you buy a property which is part of a condominium, e.g. with shared pool and grounds, lighting etc, then there will be annual condominium fees to pay which usually range from about €200 to €1000/year unless it is a particularly luxurious property with many amenities in which case costs could be higher.
Utilities
You don’t really need an Italian bank account for buying a property in Italy any more as money is usually sent by bank transfer, although some notaries insist the funds are sent from an Italian account set up by you.
You could of course open an account to handle bills but bear in mind that some utilities companies refuse to arrange direct debits for non resident accounts, and some bills cannot be paid by direct debit.
You could always pay your bills online or if you have a property manager then send them the funds for settling all the bills.
If you do intend opening an Italian bank account, bear in mind that Italian bank charges are high . Usually there is a monthly fee to pay, plus charges for receiving money, paying bills, sending statements, etc etc.
