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Castle Winery For Sale in Chianti with 48 Hectares

€9,000,000 $9,810,000
$
Location Chianti, Tuscany

Ref #: V59363

ITALY, TUSCANY, SIENA, CHIANTI

Winery with castle for sale in the heart of Chianti, just 15 km from Siena, a city known all over the world and a tourist destination of great attraction.

The property of 1,420 sqm dates back to the 10th century and was renovated between 1996 and 2001. A new building was subsequently added to house the wine cellar, offices and tasting room.

Within the castle complex there are 8 bedrooms, 7 bathrooms, kitchen, living room, dining room, numerous reception rooms and the historic cellar with a Roman wall still visible. However, by converting some of the service rooms, up to 20 bedrooms and 20 bathrooms could be created to be used for hospitality purposes.

The complex also includes a guest wing with a separate entrance, which features a kitchen, living/dining room, three bedrooms and two bathrooms. The oldest written testimonies about the castle date back to the year 912, but Etruscan artefacts and a Roman wall have also been found on the property, proving the existence of some previous settlement.

For centuries the castle was at the centre of disputes between Siena and Florence, before coming under Florentine control in the mid-15th century. With the defeat of the Sienese Republic in 1559, the castle lost any defensive and military function and passed into the hands of the powerful Florentine Ricasoli family who converted it into a private agricultural company.

The buildings were progressively abandoned until the entire complex was renovated by the new owners in 1994.

The castle, located within a medieval hamlet, has been carefully renovated with quality materials, respecting traditional Tuscan materials and the original structures, but also adding technologically advanced services and systems.

Furthermore, during the restoration, most of the vineyards were replanted with new Sangiovese ones.

Internally, the property has exposed stone walls, brick arches, terracotta floors, ceilings with chestnut beams and terracotta tiles, while externally it is characterized by stone and brick walls, chestnut wood window frames (thermally insulated) with internal Tuscan shutters.

It is equipped with the most modern electrical, sanitary and heating systems and has an alarm system.

The bathrooms are particularly well-finished, finely finished and with all comforts. In 2001, a new cellar (1,000 sqm) was completed, more modern and suited to current production needs. In the same building, there are offices and a large tasting area. The cellar is equipped with modern stainless steel machinery, barriques, tonneaux. Fermentation takes place in steel vats at a computer-controlled temperature.

The estate covers in its entirety approximately 48.6 hectares of land, more than half of which is covered by woods (28.3 ha).

Around the castle, the buildings have approximately 4,200 sqm of garden which host, on one of the terraces, the 18 x 9 m infinity pool with panoramic views of the surrounding vineyards.

The agricultural activity focuses on the vineyard (12.1 ha), entirely registered as Chianti Classico DOCG, and currently produces red wine, vin santo and two types of grappa.

Land (48 Hectares/118 Acres):

Private courtyard

5 hectares of olive grove

30 hectares of woodland

12 hectares of vineyards, of which annually produce between 60,000 and 100,000 bottles of high-end DOCG Chianti Classico, Riserva and 2 Supertuscans.

  • The grapes:
  • 2.7 hectares of traditional Sangiovese, Canaiolo, Malvasia
  • 2 hectares of Sangiovese Grosso
  • 1.5 hectares of Cabernet Sauvignon
  • 1.5 hectares of Merlot
  • 8.3 hectares of Sangiovese planted in 2000–2006.

The sale also includes an infinity pool and a garage and carport

Utilities: Telephone line, Wi-Fi, Heating: Central heating, fireplace, LPG, Artesian well, Mains water and electricity, Satellite TV, Alarm system, Irrigation system.

– Vineyard area: 12.1 ha (Chianti Classico DOCG)

– Variety: Sangiovese (72%), Cabernet Sauvignon (6%), Merlot (10%), Canaiolo (6%), Malvasia (6%)

– Location: 280 – 320 m above sea level

– Training: Guyot (4,000 – 5,000 vines / ha)

– Composition of the soil: calcareous-clayey with traces of sand and tuff

– Annual production: approximately 65,000 bottles (up to 100,000)

Energy Efficiency Class: G

Address: Chianti, Tuscany

Location type: Rural

Condition: Restored

Bedrooms: 8

Bathrooms: 7

Property size: 1,420 + 1,000 sqm

Land size: 48 hectares

With a pool
Within 1 hour of an airport
Garage
Olives
Vines
Has annex/es
Features
10th century
Character property
Chianti Classico DOCG vineyards
fireplaces
Garden
grappa production
historic property
infinity pool
Olives
restored
Roman traces
shutters
swimming pool
Views
vineyards
Vinsanto production
wine cellar
wine production
woods

Similar Properties

FAQs

What is a notary?

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.

What taxes are payable for a property purchase in Italy?

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.

If you buy directly an existing farm (ie a farming company with no other assets within the company), you just pay the fees for buying the shares in a company – ie an accountant, a notary and some small fixed taxes.
If you set up a farming company (the property must have all the requisites to be a farm) with a board of directors and an IAP (professional farmer) to buy the property and land you pay 1% on the sale price.
In both cases above, you are buying as a company so being a resident or non resident doesn’t come into it, you are not buying as a physical person.
So buying an existing farm, or setting one up, has tax advantages, compared to buying a property, especially as a non resident. However there are of course costs involved in running the company, so it’s best to seek the advice of an Italian accountant.

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.

What other purchase costs are there?

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.

What annual costs are there? How should I pay them?

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

Do I need an Italian bank account?

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.

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