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Hotel to renovate for sale in Chianciano
SI, Toscana, Italy
REF: 152478
€180,000
Description
Within a beautiful territory rich in art and culture, in the renown thermal town of Chianciano, hotel in good condition to be renovated with a surface of about 1300sqm. The property is arranged over five levels, including a large terrace and garage of about 170 square meters. The basement houses a kitchen with pantry, a cellar, a laundry room with pantry, a bathroom, two technical rooms. Two staircases, internal and external, lead to the ground floor, consisting of a dining room, a living room, a game room, a bedroom, a bathroom. Both the first and the second floors consist of five double bedrooms with en suite bathroom and three single bedrooms. On the third floor there is an attic with utility rooms. The property includes a garage with a utility room, and a terrace, ideal for organizing parties and other outdoor activities. In addition, there is the possibility to build a swimming pool. The property needs come restyling and some maintenance works, but it reveals to be suitable for a variety of uses, such as a touristic accommodation, a hostel, mini apartments to be included into tourist rentals. Distances: Pienza 15 Km, Montalcino 30 Km, Siena 80 Km, Roma 150 Km.
Within a beautiful territory rich in art and culture, in the renown thermal town of Chianciano, hotel in good condition to be renovated with a surface of about 1300sqm. The property is arranged over five levels, including a large terrace and garage of about 170 square meters. The basement houses a kitchen with pantry, a cellar, a laundry room with pantry, a bathroom, two technical rooms. Two staircases, internal and external, lead to the ground floor, consisting of a dining room, a living room, a game room, a bedroom, a bathroom. Both the first and the second floors consist of five double bedrooms with en suite bathroom and three single bedrooms. On the third floor there is an attic with utility rooms. The property includes a garage with a utility room, and a terrace, ideal for organizing parties and other outdoor activities. In addition, there is the possibility to build a swimming pool. The property needs come restyling and some maintenance works, but it reveals to be suitable for a variety of uses, such as a touristic accommodation, a hostel, mini apartments to be included into tourist rentals. Distances: Pienza 15 Km, Montalcino 30 Km, Siena 80 Km, Roma 150 Km.
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Currency Exchange
SI, Toscana, 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 €180,000 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 |
|---|---|---|---|
| €180,000 | £153,124 | £157,768 | £4,644 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £153,124 |
| Maximum cost in the last six months | £157,768 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,644 |
SI, Toscana, 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 €180,000 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 |
|---|---|---|---|
| €180,000 | £153,124 | £157,768 | £4,644 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £153,124 |
| Maximum cost in the last six months | £157,768 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,644 |
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 £4,644 more.
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