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Tuscan Apartment in Residence for sale in village in Cortona, Tuscany. Residence on sale in Tuscan Hamlet, near Tuscany and Umbria’s hilltop towns

Details V282A - Cortona

Property Description

Cortona. This magnificent residence is situated in a beautifully restored award-winning Tuscan Hamlet dating back to the 14thcentury.With its 21 fully restored and serviced residences the Hamlet is serenely nestled amongst olive groves inthe rolling Tuscan hills just 20 minutes from the busy piazza’s of the popular Etruscan town of Cortona and within easy driving distances to many of Tuscany and Umbria’s hilltop towns and sites of interest.

The residence itself, is a charming two-bedroom residence, it combines rustic Tuscan character withultimate comfort. Full of traditional features such as open fireplace and antique country furniture, the residence is fully restored with terracotta coloured lime-washed walls, stone and chestnut beamedceilings and handmade terracotta floors throughout.The entrance leads into a fully fitted kitchen and dining room to the right, with round rural woodendining table and chairs. The sitting room with its open fireplace is welcoming and light and has somelovely rural Tuscan furniture, exquisite antiques and a sofa that can also be used as a double bed andthere is also a small WC and shower.Stone steps lead you to the two bedrooms; the rooms are spacious and light. There are two doublerooms with a second bathroom that separates the bedrooms. Both bedrooms are similarly stylish, withantique wooden wardrobes, original wooden bedsteads, bedside tables and lamps.The shower rooms are beautifully finished with hand painted bathroom cabinets, perfectlycomplimented with a Carrera marble sink surrounds. 86 square metres 2 bedrooms: 2 double 2 shower rooms Max. occupancy: 6 Tuscan antique furniture throughout Fully fitted kitchen, with all utensils Open fireplace A flat-screen television, satellite channels and DVD player Wi-Fi Access to al fresco covered dining area. 

Title to the residence is held, in perpetuity, by First National Trustee Company, an independentInternational Trustee Company based in the UK. The Club structure offers owners with a safe schemeto establish a family legacy in this beautiful region, and as the Hamlet is privately managed and serviced,removes the hassle and maintenance worries typically associated with overseas vacation homeownership.Transfer of ownership is flexible and does not involve notary or notarial costs, or local land registryfees. Similar to other real estate, ownership may be sold, willed, transferred or placed in a trust at anytime.Owners’ benefits, services and amenities include: Multi-lingual management and staff Reception/concierge service/porter service Housekeeping (on request) Heated outdoor swimming pool (open between mid April and late October) Trattoria - serving freshly prepared dishes Grocery service (Pre-arrival) Wi-Fi Internet access (Satellite) Walking and hiking trails Mountain bikes On-site micro market with uniquely sourced speciality products Laundry (washing-machine and dryer)

Maintenance personalWith regards to price, the purchaser is essentially purchasing 10 x 1/10th Fractional Ownerships in onespecific residence. The current purchase price for 1 x 1/10th (10%) ownership is €127,000 euros, whichincludes 22% IVA, subsequently the price to purchase 10 x 1/10th interests could be calculated to be€1,270,000, a noteworthy discount can be negotiated based on payment terms and velocity.Owners will pay an annual fee of €33,900, which covers the day to day management and operation ofthe Hamlet and includes staff salaries, utilities, supplies, maintenance, accounting, insurance, capitalreserves and property taxes.Given the figures involved, we believe a group of friends, family members or a rental investor wouldbenefit from the full range of amenities and services offered by the team at Borgo 


  • Reference Code: V282A
  • Type: Apartments
  • Province: Arezzo
  • City: Cortona
  • Surface: 86.00 mq. (ft. 925.704)
  • Swimming Pool: Yes
  • Building Condition: finished
  • classe energetica: F 121-160 Kwh/mq

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