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Farmhouse-rustico in Tuscany
San Gimignano, 85, Italy
REF: 840881
€2,250,000
Description
Real estate complex with a total area of about 1400 sq. m. It is currently divided into 7 apartments, with 5 located in the main building of 353 sqm and 2 independent apartments of 89 sqm and 85 sqm, totaling 10 bedrooms and 8 bathrooms. The apartments, in Tuscan style, all have a private terrace or patio to enjoy the outdoors in complete tranquility. The property also includes a 183 sqm space used as a restaurant, equipped with a professional kitchen and able to host up to 60 people. A 190 sqm wine cellar and other accessory rooms used for hospitality and agricultural activities are included. The land extends over about 3.5 hectares, including approximately 1.2 ha of vineyard specialized in Vernaccia DOCG and Chianti DOCG production and about 1 ha of olive grove with 400 plants. There is also a well-maintained park with a 14 x 7 m infinity pool that offers a breathtaking view of the towers of San Gimignano. All utilities are present: water supply is guaranteed by the municipal water network and a well. Heating is LPG. The two apartments outside the main building and the restaurant have air conditioning. The property features an electric gate and an irrigation system.The property was meticulously restored in 2004 using high-quality materials and respecting the Tuscan tradition, as evidenced by the terracotta floors alternating with rooms with parquet and ceilings with wooden beams. The numerous windows provide an excellent level of brightness.Thanks to its strategic location, just a stone's throw from San Gimignano, the complex represents an excellent investment opportunity by entering the tourist rental circuit.The property, easily accessible, is located a short distance from San Gimignano (less than 4 km, 7 minutes), one of the favorite destinations for national and international tourism. Siena is 45 minutes away (43 km), Volterra 40 minutes (34 km), Florence 50 minutes (56 km). The Chianti area is reachable in 40 minutes (29 km). The nearest airports are Florence (1 hour, 63 km), Pisa (1 hour 17 minutes, 78 km), Bologna (1 hour 56 minutes, 151 km).The Great Estate group carries out a technical due diligence on each property acquired, through the seller's technician, which allows us to know in detail the urban and cadastral status of the property. This due diligence may be requested by the customer at the time of a real interest in the property.
Real estate complex with a total area of about 1400 sq. m. It is currently divided into 7 apartments, with 5 located in the main building of 353 sqm and 2 independent apartments of 89 sqm and 85 sqm, totaling 10 bedrooms and 8 bathrooms. The apartments, in Tuscan style, all have a private terrace or patio to enjoy the outdoors in complete tranquility. The property also includes a 183 sqm space used as a restaurant, equipped with a professional kitchen and able to host up to 60 people. A 190 sqm wine cellar and other accessory rooms used for hospitality and agricultural activities are included. The land extends over about 3.5 hectares, including approximately 1.2 ha of vineyard specialized in Vernaccia DOCG and Chianti DOCG production and about 1 ha of olive grove with 400 plants. There is also a well-maintained park with a 14 x 7 m infinity pool that offers a breathtaking view of the towers of San Gimignano. All utilities are present: water supply is guaranteed by the municipal water network and a well. Heating is LPG. The two apartments outside the main building and the restaurant have air conditioning. The property features an electric gate and an irrigation system.The property was meticulously restored in 2004 using high-quality materials and respecting the Tuscan tradition, as evidenced by the terracotta floors alternating with rooms with parquet and ceilings with wooden beams. The numerous windows provide an excellent level of brightness.Thanks to its strategic location, just a stone's throw from San Gimignano, the complex represents an excellent investment opportunity by entering the tourist rental circuit.The property, easily accessible, is located a short distance from San Gimignano (less than 4 km, 7 minutes), one of the favorite destinations for national and international tourism. Siena is 45 minutes away (43 km), Volterra 40 minutes (34 km), Florence 50 minutes (56 km). The Chianti area is reachable in 40 minutes (29 km). The nearest airports are Florence (1 hour, 63 km), Pisa (1 hour 17 minutes, 78 km), Bologna (1 hour 56 minutes, 151 km).The Great Estate group carries out a technical due diligence on each property acquired, through the seller's technician, which allows us to know in detail the urban and cadastral status of the property. This due diligence may be requested by the customer at the time of a real interest in the property.
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Currency Exchange
San Gimignano, 85, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,250,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €2,250,000 | £1,863,698 | £1,933,763 | £70,065 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,863,698 |
| Maximum cost in the last six months | £1,933,763 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,065 |
San Gimignano, 85, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,250,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €2,250,000 | £1,863,698 | £1,933,763 | £70,065 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,863,698 |
| Maximum cost in the last six months | £1,933,763 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,065 |
The exchange rate on the day you make an offer on your property in Italy will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £70,065 more.
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