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5 Bedroom Property with Pool and Sea View
€700,000
$763,000
€
$
Castellina Marittima, Tuscany
5
2
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Ref #: V56381
Chianti, TuscanyRef #: V56381
Splendid estate of about 5600 sqm of buildings consisting of two bodies close to each other: the resort and the village, all immersed in a splendid park with tennis courts and a football pitch.
The property includes approx. 85 hectares of land.
Location and Lifestyle
Geographically the complex – which insists on an area of 85 hectares of land owned – is located in the heart of Tuscany a few kilometres from Siena (30 km), Arezzo (30 km), from the Thermal Baths di Rapolano (20 km), from Florence (km 50) and from the most beautiful Tuscan towns of particular historical value such as Pienza, Montepulciano, Montalcino, Cortona, San Gimignano, Volterra, etc.) reachable in 40-45 minutes.
Furthermore, the town is easily reachable from Rome in less than 2 hours (220 km), from Bologna in 90 minutes (150 km) and in 3 hours from Milan or Turin.
Description
The resort was inaugurated in July 2005 after the completion of a series of restructuring and reconstruction works. Currently the resort has stipulated various contracts with Italian, European and Foreign Tourist Agencies and Tour Operators.
The staff consists of 3 people: 1 receptionist, 1 cleaner and 1 maintenance worker; the latter live inside the Resort.
The assets are:
1. houses: 10 apartments and 3 villas + 4 rooms with bathroom for hotel use + wine-bar and dining room, for a total of approx. 2511;
2. All the houses of the Resort are equipped with air conditioning and mosquito nets
3. furnishings: all homes are equipped with new Tuscan-style furniture, lights, kitchens, high-quality appliances, safes, etc;
4. land: about 79 hectares, which have always been organic, of which about 13 hectares of vineyard in production already completed and completed + about 600 olive trees in production + about 2000 7-year new olive trees + about 6 hectares of arable land + about 41 hectares of tall forest + natural lake of about 4500 square meters;
5. sports facilities: gym + changing rooms + Turkish bath in mosaic + tennis court + illuminated soccer field + 10 mountain bikes + swimming pool with hydromassage;
6. multifunctional hall: about 553 square meters of interiors, under construction, for Reception, Offices, Conference Room, Restaurant Room with Enoteca, Private Room, Kitchen and Services;
7. external squares: about 1400 square meters. in stone and terracotta;
8. technical rooms: warehouses, sheds, agricultural sheds, deposits for about 600 square meters;
9. agricultural equipment: various types, including 1 tractor and 1 off-road car (Mitsubishi);
10. stocks: oil and wine of own production.
Two rural ‘borghi’ in one of the most beautiful parts of the Ambra vallley.
The main features are:
a) houses of various sizes;
b) 2 Villages with 18 houses, all with large private gardens, respect for privacy but not isolated;
c) dwellings which – with the exception of two considered of “particular historical value” – faithfully trace the houses of the end of the 19th century through a study, carried out by the technicians in charge, in the Historical Archive of Florence and in the records of the Municipality of Bucine;
d) the buildings are all in exposed local stone. In particular, the property extends over over 5 hectares of land where 2 villages have been built:
– Borgo 2 has 5 buildings: of which 2 detached houses, 1 with 2 units and 2 with 3 units;
2) between the two villages, in the common green area, 2 parking areas and 2 swimming pools of which 1 of 7 x 14m for adults, 1 of 6 x 6.30 m for children and 1 of 6 x 3.80m Jacuzzi, all infinity pools, as well as 50 sqm of paved solarium;
3) between the 2 villages, piazzas and external paving for approx. 2400 sqm;
4) each house has its own external pergola made of chestnut beams from 18 to 39 square meters, for a total of 443 sqm, and private gardens from a minimum of 422 sqm to a maximum of 3,541 sqm. 21,882 sqm of private land and 18,379 sqm of woods;
5) the common land is equal to 10,668 sqm;
6) about 300 old olive trees, 9,000 decorative plants, as well as the irrigation system for common parts of about 5,000 m; the dividers between the houses were made of stone walls 90 cm high, interspersed with greenery and wooden fences;
7) the power lines were completely buried for about 2,000 m;
8) for the water, 2 wells so that each Borgo remains connected to a well with a 10,000 litre water collection tank, which will serve to supply the individual tanks that have been buried in the 18 houses of 500 litres each; each house is equipped with a water softener;
9) in each house a gas tank is buried in the garden to be used for heating, hot water and cooking;
10) 5 gates with video intercom have been created;
11) a satellite antenna has been installed for each Borgo;
12) the materials used are the same as those of the Resort, 400 n from the new settlement and, in any case, all of the highest quality: floors and stairs in Impruneta terracotta, beams from 6 to 9 meters in chestnut, , terracotta tiles, Cerdomus bathroom and kitchen tiles, Sbordoni bathroom fixtures, Framirè solid wood door or window frames, Toulipiè solid wood interior doors, F.lli Rossi taps, Runtal radiators, Sile boilers, thresholds and sills in pietra serena stone, etc.
Potential for use
This imposing and prestigious real estate complex used for tourist-accommodation purposes lends itself perfectly to keeping its purpose unchanged. An activity already started and with growth potential.
Address: Chianti, Tuscany
Location type: Rural
Condition: Restored
Bedrooms: 80
Bathrooms: 80
Property size: 5600 sqm
Land size: 85 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.
