Description:

200 year old Lucchese farm building which needs renovating, located in the high class area in Montecarlo, wonderful opportunity to create a Tuscan building in classic Tuscan style
This property has exceptional potential: firstly having an olive grove producing 1,500 litres of high quality oil and secondly vineyards yielding 30,000 lites per annum. We understand the wine could gain the local denominazione origine controllata.
There are several entrances to the rather ramshackle old building, although this offeres the opportunity to arrange accommodation into at least two separate units.
Potential for high class B & B business is very evident. The property offers the possibility of renovating only part of the property initially, for a relatively modest outlay.
There is ample space for a swimming pool, in a particularly well positioned and secluded area of the land. The entire property enjoys full sunshine.
Only 100 metres away is a good quality 'osteria', while within 5 minutes walk is a particularly high class vineyard producing its own label Montecarlo DOC red and white wines from a surprisingly wide variety of grapes.
Advantages
A wonderful opportunity to acquire a classic Tuscan property and continue a successful olive oil and wine making businesses.
Weakness
Cost of renovation will be high - but the rewards should compensate these expenses
Distances
Montecarlo 2 kms
Lucca 16 kms
Florence 55 kms
Pisa airport 50 kms
Motorway 6 kms
Please note that any utility services, heating systems or appliances have not been tested and no warranty can be given or implied as to their working order.
Additional costs

Luxury homes, as defined by Italian property law, do not qualify for the concessionary rate of tax (currently 2%) available to residents, or to those intending to establish residence within a year, buying their first house.

In these cases tax + registry charges on residential property will total 9% of the ‘valore catastale’. These are calculated by the notary according to a number of assessment criteria which often results in a figure considerably below the purchase price.

Agricultural land is currently subject to tax at 18% of its ‘valore catastale’.

Agency fees are normally 3% of the purchase price, + IVA

If an architect or geometra is employed, charges are generally calculated on a time-related basis. It is advisable to obtain quotes for any major works or renovation projects.

Property for sale in Tuscany: Farmhouse for sale near Lucca