10 bedroom Villa for sale with countryside view with Income Potential in Cortine, Tuscany
The property comes with 600m2 of living space and stands in 30,000 hectares with manicured terraced gardens around the residences with herb and lavender beds and fruit trees. There are also approximately 40 olive trees producing a good annual oil for the family's use. The rest of the land is laid to woodland and there is a large infinity swimming pool with rock features and truly fantastic views.
The entire property has been restored to a very high standard and provides accommodation suitable fo...
The property comes with 600m2 of living space and stands in 30,000 hectares with manicured terraced gardens around the residences with herb and lavender beds and fruit trees. There are also approximately 40 olive trees producing a good annual oil for the family's use. The rest of the land is laid to woodland and there is a large infinity swimming pool with rock features and truly fantastic views.
The entire property has been restored to a very high standard and provides accommodation suitable for use as a private home or as a B&B rental property.
On arrival at the property one is immediately struck by the beauty and tranquillity of the location. The charming ancient stone-paved courtyard at the heart of the property leads to both the main house and the guest house.
The main house, being built into the hillside, has various entrances as well as an original stone stairway leading to the first floor accommodation where there are six en-suite bedrooms.
To the lower ground, with access from the gardens one finds the seventh bedroom with its en-suite bathroom. All bathrooms are finished to a high standard with marble surfaces, both traditional in style but providing contemporary standards.
The ground floor has large open plan rooms, all with exterior access. A grandiose pietra serena fireplace is the focal point of the main sitting room whilst the draw of the dining room is its French doors on the panoramic pergola; an ideal environment for al fresco dining during the hot summer months.
The ground floor also has a kitchen, WC and separate study.
The Guest House
To the opposite side of the courtyard one finds the guest house, again built into the hillside with exterior access into both the first and ground floors. The ground floor has a kitchen-diner, living room, bathroom and laundry room then to the first floor one finds two double bedrooms, two single bedrooms and a further bathroom.
The Gardens & Grounds
The grounds cover approximately 3 hectares.
Location
The property is located in a quiet rural position yet within easy reach of the San Donato entrance to the main Siena-Florence road therefore allowing approximately 30 mins travel time to either city. Castellina is 15 minutes away, as is Poggibonsi, where a good range of services and restaurants can be found.
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Where is this property?
This Villa is located in Cortine 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.