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Ref. Ci 141

Village / town: CORTONA - 5 mins ON FOOT
Beds / baths: UP TO 10 / 8
Condition: TO RENOVATE
Garden / pool: YES / PERMISSIBILE
Energy label: G
Nearest town with services: CORTONA 0 KMS - CAMUCIA 4 KMS
Price: 980.000 €
City or Zone: Cortona
Province: Arezzo
Region: Tuscany

Request information
  • PRIME INVESTMENT PROPERTY - OVER 550 mtq net (6.000 sqf)
  • within walking distance of Cortona’s historic town centre
  • breathtaking views
  • 3 buildings - main mansion and two separate stone farmhouses
  • 1.5 hectares of surrounding land
  • perfect for small charme hotel which would be unique to Cortona
  • there are no other hotels within walking distance of town with such spectacular views and surrounding grounds.
  • structurally sound, but in need of renovation
  • big investment, big project, but perfect location!
  • swimming pool permissible.

IF YOU’RE HEALTHY, WEALTHY AND WISE (AND A HARD NOSED NEGOTIATOR TO BOOT), this handsome Liberty-style property in the best of locations, within walking distance of Cortona’s historic town centre and with sublime views out over the Valdichiana, would make a VERY viable investment.

The property could be renovated to a high standard villa (6 to 8 bedrooms with a huge living area) making for an enviable private estate with ample housing for an entourage, but as a boutique hotel, there would be no competition! The few existing hotels within walking distance of the town centre do not have extensive grounds and do not have the views enjoyed by this property.

Given Cortona’s increasingly exclusive status, a small well designed hotel with a breakfast restaurant, landscaped gardens and a pool, would likely attract well heeled folk from all over the world; especially the wine connoisseurs who already make annual pilgrimages to the town.

Although structurally sound, this prime property is not exactly a 'give away' considering it requires a complete renovation, but with a total surface area exceeding 550 sqm, it is actually a fair market price.

The main house is a ‘padronale’ meaning it was built for the original landowner with more prestigious materials than the two stone farmhouses. The mansion has crafted corner stones, large windows with stone lintels and rooms which are spacious and light, all in the Liberty style. The two stone farmhouses occupied by the landowner’s retainers are also built in stone with traditional, but more economic materials. There is also a separate ‘limonaia’ and annex.

Restored to its former glory - as a sumptious family home or a boutique hotel - this property is one of a kind. A big project and a big investment, but the end result would be something absolutely unique. Definitely worth viewing

Annual council tax: E. 3.850

Purchase costs, taxes & Fees:

  • As a non resident – E. 27.500
  • Notary fees: approx E. 3.500
  • Agency fees: 3.66% of agreed purchase price (inclusive of VAT) 

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