Apartment in Umbria

Panicale, 84, Italy

For Sale

€3,500,000

REF: 720831 €3,500,000


33

Description

The property is made up of the ancient Renaissance palace which measures approximately 1,950 sqm where we find in the basement (101 sqm) a professional kitchen, changing rooms and bathrooms for the staff; on the ground floor (637 sqm) the reception, the bar, the large restaurant room and two smaller ones for a total of about 200 seats; on the first floor (575 sqm) a large multipurpose room for conferences and meetings as well as 3 apartments; finally, on the second and top floor (637 sqm), an area that can be used as a wellness and spa.

The four buildings that surround the Renaissance palace, for a total of about 1,047 sqm, house 20 apartments of various sizes (3 studios, 10 two-room apartments, 6 three-room apartments) perfectly furnished. Overall, there are 70 authorized beds. The land measures approximately 4.5 ha. and inside it houses a wonderful swimming pool with waterfall and Jacuzzi, set among the rocks and placed on a natural terrace with a breathtaking view of Lake Trasimeno.

In front of the Palazzo: an outdoor kitchen, an old wood-burning oven and a large patio where you can have lunch/dinner or enjoy an aperitif outdoors. Finally, there is a comfortable and ample parking. Another important feature is that the land owned extends to the shore of the lake, in correspondence with the cycle path of Lake Trasimeno.

The property is sold complete with all furnishings. The main services are present and the utilities are correctly connected. The water supply is guaranteed by three ancient wells and a support tank. The heating system is powered by LPG gas boilers. The property underwent a complex restoration that began in the mid 1980's and continued until the end of the 1990's.

The second and last floor of the building (to be completed internally) could host a beautiful wellness center. Inside the Renaissance building there are precious terracotta floors, beautiful vaulted ceilings, period fireplaces and many other wooden or stone elements of significant historical importance.

Palazzo Baglioni is an important accommodation facility with a vast potential ranging from accommodation, to catering, to the possibility of organizing meetings and conferences, weddings, events and with the possibility of creating a large wellness area and spa. The property is located in a strategic position as it is located in the immediate vicinity of Lake Trasimeno and in correspondence with an important road linking Umbria and Tuscany.

In about 20 minutes by car you can reach the beautiful city of Cortona and the characteristic village of Citt della Pieve. Perugia airport is approximately 40 kilometers away. 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 client at the time of a real interest in the property. The property is owned by a company. Further information will be provided upon request.
The property is made up of the ancient Renaissance palace which measures approximately 1,950 sqm where we find in the basement (101 sqm) a professional kitchen, changing rooms and bathrooms for the staff; on the ground floor (637 sqm) the reception, the bar, the large restaurant room and two smaller ones for a total of about 200 seats; on the first floor (575 sqm) a large multipurpose room for conferences and meetings as well as 3 apartments; finally, on the second and top floor (637 sqm), an area that can be used as a wellness and spa.

The four buildings that surround the Renaissance palace, for a total of about 1,047 sqm, house 20 apartments of various sizes (3 studios, 10 two-room apartments, 6 three-room apartments) perfectly furnished. Overall, there are 70 authorized beds. The land measures approximately 4.5 ha. and inside it houses a wonderful swimming pool with waterfall and Jacuzzi, set among the rocks and placed on a natural terrace with a breathtaking view of Lake Trasimeno.

In front of the Palazzo: an outdoor kitchen, an old wood-burning oven and a large patio where you can have lunch/dinner or enjoy an aperitif outdoors. Finally, there is a comfortable and ample parking. Another important feature is that the land owned extends to the shore of the lake, in correspondence with the cycle path of Lake Trasimeno.

The property is sold complete with all furnishings. The main services are present and the utilities are correctly connected. The water supply is guaranteed by three ancient wells and a support tank. The heating system is powered by LPG gas boilers. The property underwent a complex restoration that began in the mid 1980's and continued until the end of the 1990's.

The second and last floor of the building (to be completed internally) could host a beautiful wellness center. Inside the Renaissance building there are precious terracotta floors, beautiful vaulted ceilings, period fireplaces and many other wooden or stone elements of significant historical importance.

Palazzo Baglioni is an important accommodation facility with a vast potential ranging from accommodation, to catering, to the possibility of organizing meetings and conferences, weddings, events and with the possibility of creating a large wellness area and spa. The property is located in a strategic position as it is located in the immediate vicinity of Lake Trasimeno and in correspondence with an important road linking Umbria and Tuscany.

In about 20 minutes by car you can reach the beautiful city of Cortona and the characteristic village of Citt della Pieve. Perugia airport is approximately 40 kilometers away. 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 client at the time of a real interest in the property. The property is owned by a company. Further information will be provided upon request.
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Property on Map

#7840

Currency Exchange

Panicale, 84, 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 €3,500,000 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
€3,500,000 £2,977,415 £3,067,890 £90,475
Property Price € €3,500,000
Minimum cost in the last six months £2,977,415
Maximum cost in the last six months £3,067,890
Fluctuating exchange rates over the last six months could have increased the cost of this property by £90,475

Panicale, 84, 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 €3,500,000 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
€3,500,000 £2,977,415 £3,067,890 £90,475
Property Price € €3,500,000
Minimum cost in the last six months £2,977,415
Maximum cost in the last six months £3,067,890
Fluctuating exchange rates over the last six months could have increased the cost of this property by £90,475

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 £90,475 more.

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