BARE OWNERSHIP of former convent

BARE OWNERSHIP - for sale at a reduced price. The seller continues to live there for the rest of their life.

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  • Ref #: C-366 
  • Price: €480,000 
  • Address: Volterra, Tuscany 
  • Location Type: Rural 
  • Bedrooms:
  • Bathrooms:
  • Condition: to part restore 
  • Property size: 435 sqm 
  • Land size: 6700 sqm 
  • Within 1 hour of an airport:
     
  • Already a rental property:
     
  • Has annex/es:
     

Property Feature

  • 11th century
  • annexes
  • Artefacts
  • bare ownership
  • character property
  • courtyard
  • historic property
  • investment
  • near San Gimignano and Volterra
  • tower

ITALY, TUSCANY, VOLTERRA

At this property it is the BARE OWNERSHIP for sale. To better explain, if you buy the bare ownership you buy the property at a reduced price, based on the age of the person who lives there, who has the usufructuary. They continue to live there for the rest of their life.

It is an investment as during the period in which the usufructuary remains in the house, the bare ownership increases in value, both thanks to the increase in the market over time, and thanks to the advancement of the usufructuary’s age.

In this case we have a very characteristic former convent dating back to 1075, in the splendid Tuscan hills.

The small village is located just 65 km from Pisa international airport, 68 km from Florence and 68 km from Siena, the first services can be reached in just 4 km away.

There is privacy and panoramic views unique in the world.

The location of the building is between the two wonderful art cities of Volterra and San Gimignano in Tuscany.

The current owner took over the convent in 1983 and greatly enhanced the entire heritage, bringing to light the ancient foundations, the Roman church, tools dating back to 1000, and ancient finds such as manuscripts and materials, creating a real museum inside the house.

The borgo consists of a central square in original exposed stone, which leads to the main apartment, the museum and the main tower.

The property is arranged in the shape of a castle entirely in original stone.

To be precise, we find a beautiful tower on three floors for a height of 11 metres, with an area on each floor of about 20 square meters.

On the ground floor is the living room, kitchen and the bedrooms on the upper floors, from where there is a wonderful panoramic view.

Adjacent to the tower is the kitchen and a bathroom.

There are two apartments with independent entrance ideal for tourist rentals.

The first apartment consists of a kitchen, bathroom, double bedroom and closet. The other apartment consists of a bedroom with bathroom.

All the apartments have been renovated with original materials in Tuscan style.

There is a storage area of 40 square meters, for laundry use and a technical room with a boiler.

On the left side of the central square there are other rooms used as cellar and warehouse, which can also be used to obtain new housing units.

The central apartment where the owner currently lives, extends for about 100 square meters and is composed as follows: entrance from the stairwell with access to the living area in which there is a spectacular original fireplace, living room, kitchen, bedroom and bathroom. This apartment is very charming and characteristic, restored in full Tuscan style and with particular elements dating back to the early years of 1100.

The apartment benefits from all systems, with LPG heating. On the lower floor of the apartment, the current owner has created a real museum of historical artifacts of great value, all found inside the property and suitably cleaned up and put on display for the renters to see.

The land of the current property is 6700 square meters.

The Convent is truly a very special environment, ideal for history-lovers.

Energy Class: G

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