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Large Historic Winemaking Estate with Pool

€3,500,000 $3,815,000
$
Location Sinalunga, Tuscany

Ref #: V5481AB

ITALY, TUSCANY, SIENA, SINALUNGA

Large Historic Winemaking Estate with Pool

Historic country villa for sale near Sinalunga, Siena. The property is located a few kilometres from important and renowned locations such as Montepulciano, Siena, as well as Arezzo and Florence.

The large historic estate dates back to the 17th century and is made up of the main villa on three levels + basement, a private chapel, a guesthouse used as agriturismo, various storage places, a lemon house, a beautiful Italian garden and a swimming pool (13m x 7m).

The land, included in the sale, is approximately 20 hectares, divided into vineyards, olive groves, woods and arable land.

The main building has vaulted ceilings with frescoes, wooden coffered ceilings with gold finishes, terracotta floors on the ground floor and original 17th century floors century.

The guesthouses, used as business accommodation, features the classic finishes of Tuscan architecture with terracotta floors, ceilings with wooden beams and joists and terracotta tiles.

The entire property, of approximately 2,660 sqm in total, offers 16 bedrooms and 10 bathrooms.

It could be a permanent residence or used as a holiday house. In any case, it would be wise to continue the agricultural activities (especially the wine and oil production).

This winemaking estate is located in a convenient position, just a few kilometres from the A1 motorway. It is easily accessible by an asphalted road. It overlooks the Val di Chiana and Sinalunga on one side and Lucignano and Cortona on the other.

Condition: Excellent. Last renovation in 2010. The second and third floors of the main villa need to be restored.

LAYOUT

Basement:

Cellar of approx 40 sqm

Ground floor (300 sqm):

  • Large living room
  • Frescoed study
  • Kitchen with fireplace
  • Billiard room
  • Bathroom
  • 4 rooms used as cellars

First floor (300 sqm):

  • 3 bedrooms
  • 2 living rooms
  • Kitchen
  • 2 bathrooms
  • Wardrobe
  • Storage room

Second Floor (300 sqm)

  • 8 bedrooms
  • 2 bathrooms
  • Storage room

Third floor (190 sqm):

  • Currently an attic but it would be suitable to convert in to usable living space.

Annexes:

Lemon house in masonry functional to the storage of lemon trees

– Private chapel (on two levels, approximately 100 sqm) dating back to the first period of construction of the property. By manually moving the platform of the altar, you can reach a semicircular crypt with ancient burial ovens.

– Cellar (655 sqm including relevant accessories) containing 4 concrete tanks and 8 oak barrels, as well as some functional equipment for winemaking, consisting of various rooms used in the past as a carpenter’s shop, bread shop and beehive shed for the bees.

– A renovated apartment for the caretaker (about 120 sqm) with kitchen, living room, 3 bedrooms and 2 bathrooms, plus a garage (about 30 sqm).

– Next to the villa there is a structure that decades ago was used as a dwelling for farmers and the farmer. The large building (approx. 625 sqm) built in brick and distributed over three floors was originally used as follows:

  • Upper floor: Olive storage
  • Central floor: Large vats were kept for harvesting the grapes and the first boiling of the marc
  • Lower floor: This floor still consists of a large fully equipped cellar for the production of wine.

Part of the complex has been conveniently converted in to an agriturismo guesthouse and is surrounded by a beautiful 5000 sqm garden. It comprises: reception/office flanked by living room / kitchen, bathroom, lounge, internal staircase and warehouses, 5 bedrooms with 5 bathrooms and a suite/loft with bathroom. All rooms have been finely restored an/or maintained in the classic Tuscan style, with typical furnishings of the place and common areas obtained from former barns and former stables.

Land/Garden:

Approx. 20.5 hectares (51 acres) and consists of: approx. 2 hectares (5 acres) of vineyards; about 2.5 hectares (6 acres) of olive groves; approx. 6 hectares (15 acres) of wood; about 10 hectares (25 acres) of slightly hilly arable land where, in the past, cereals and vineyards were grown.

The vineyard is registered in the Chianti Colli Senesi D.O.C.G. The arable land lends itself to favouring an expansion of the area destined for vineyards as most of the land is exposed to the sun throughout the day.

Lush “Italian-style” garden with paths and circular flower beds, centuries-old plants and large pines.

Swimming pool: 13x7m, with Jacuzzi.

Garage: Approx 30 sqm, enough for two cars.

Distance from services: 4km.
Distance from main airports: Perugia 71km  |. Florence 111km  |  Rome 180km.

Utilities: Phone line  |  Wi-Fi  |  LPG heating  | Well to collect rainwater  |  Mains water + electricity

Air conditioning in the country house. Electric gate.

Energy Efficiency Rating: G

View all our properties on our website casatuscany.com

Address: Sinalunga, Tuscany

Location type: Rural

Condition: Restored

Bedrooms: 16

Bathrooms: 10

Property size: 2600 sqm

Land size: 20.5 hectares

With a pool
Garage
Olives
Vines
Has annex/es
Air Conditioning
Internet
with 10 to 49 hectares of land
Features
17th century
cellars
Character property
coffered ceilings
electric entrance gate
Exposed wooden beams
Fireplace
frescoes
Garage
Garden
guesthouse
olive groves
original features
outbuildings
Parking
Private chapel
swimming pool
terracotta floors
Views
vineyards
wine and oil production

Similar Properties

FAQs

What is a notary?

A notary is a qualified lawyer who is employed by the Italian government. When you are buying Italian property, it is a notary who conducts the legal transfer of a property from vendor to buyer, and prepares the deed of sale, checks there are no charges on the property, title issues and with the assistance of a technician such as a geometra or architect, checks the property conforms to all planning issues.

It is always the buyer and not the vendor who pays the purchase taxes due and who pays the notary fees also. This means that it is up to the buyer which notary is used. In practice it is usually one of the local notaries and we can recommend which one to use and which one is cheapest, as notary prices do vary.

We provide a detailed list of all fees and taxes (including the notary’s quote) before you sign any contracts.

Translator – if you do not speak fluent, enough to understand detailed legal contracts, you will need to have a translator at the notary deed. Your agent or the notary will usually arrange this so you don’t need to worry about it. The cost varies but is often 200-300 euros. This can sometimes be shared with the vendor if they are also non fluent in Italian.

What taxes are payable for a property purchase in Italy?

This depends firstly on two things.
A. Are you buying as a resident or a non resident?
B. Are you buying from private individuals or from a company?

If you are buying from private individuals, then the taxes you pay are based on the cadastral value – a nominal value which each property has and which depends on its size, location, standard etc – nothing to do with the market value.

Example 1:
House price agreed €100,000.
Property belongs to private sellers.
Cadastral value of the property €32,000.

Let’s say you intend buying the house as a non resident (.ie. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 9% on cadastral value €32,000 so €2,880 plus a few smaller fixed taxes.

Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy;
Taxes payable are 2% on cadastral value €32,000 so €640 plus a few smaller fixed taxes. A minimum figure may be payable.

Please note, you could buy the house as a resident and pay the lower rate of tax if you intend moving there and obtaining residency within the next 18 months. Don’t be tempted to do this unless you are definitely sure you will become a resident. If you then do not, you need to pay the difference in taxes plus a penalty of around 30%.

If there is substantial land (not just a garden) with the property, then 15% is payable on the value attributed to the land, which can be quite low, eg a value of €15,000 could be attributed to the land so 15% of 15,000 = €2,250 would be the tax on the land.

Example 2:
House price €100,000
Property is being sold by a company
Cadastral value of the property is €32,000

Let’s say you intend buying the house as a non resident (i.e. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 10% VAT on full market price €100,000 so €10,000 plus a few smaller fixed taxes.

Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy,
Taxes payable are 4% VAT on €100,000 so €4,000 plus a few smaller fixed taxes.

Once we know
– which house you want to buy, its cadastral value and who owns it (company/individual)
– whether you intend to buy as a resident/non resident and if it’s your first property in Italy

only then can we ask the notary to provide a quote for the precise taxes payable.

Other circumstances

Then of course there are other scenarios.

If the value of the property you want to buy is very low (eg €50,000) then purchase costs are likely to be a higher percentage as there are set minimums to pay for all fees and taxes. So on a €50,000 house, you are likely to pay 12-15% instead of 10% (non resident).

You might want to buy a property (being sold by private individuals) with your company. Taxes are considerably higher in this case, as they would be 9% on the sale price (not on the cadastral value). So it’s cheaper to buy a privately owned property as a private individual, not as a company.

But, in the case of a country property which is a farm/winery/agriturismo, these are often owned by a farming company (azienda agricola) , which has considerable tax advantages as you can buy the farm and pay just 0-1% (depending on the circumstances) on the purchase price in tax.

If you buy directly an existing farm (ie a farming company with no other assets within the company), you just pay the fees for buying the shares in a company – ie an accountant, a notary and some small fixed taxes.
If you set up a farming company (the property must have all the requisites to be a farm) with a board of directors and an IAP (professional farmer) to buy the property and land you pay 1% on the sale price.
In both cases above, you are buying as a company so being a resident or non resident doesn’t come into it, you are not buying as a physical person.
So buying an existing farm, or setting one up, has tax advantages, compared to buying a property, especially as a non resident. However there are of course costs involved in running the company, so it’s best to seek the advice of an Italian accountant.

Taxes would be different for a commercial purchase, eg if your company is buying an Italian company (ie a farm or other company). Buying the shares of a company usually meets zero taxes, just a few fixed fees, and notary and accountancy fees.

The above is a guide, and once you have found a property you are interested in buying, we can obtain a notary quote for you, with a full breakdown of the taxes and fees due.

What other purchase costs are there?

Notary fees – approx 1-2%, more for a lower priced property due to some fixed taxes.

Agency fees – in Italy both buyer and seller pay the agent. These are payable to the Italian agent  (one of our partners) you view the house with at compromesso (preliminary contract) stage and for each party are usually 3% plus VAT. VAT is 22% in Italy. Minimums apply. Nothing is payable to Casa Tuscany so you will not pay double the fees, you will just have double the assistance!

Compromesso registration fees – approx €380 plus a part payment of taxes which is deducted from the total taxes due at completion.

Translator for the deed signing at the notary’s office. Required if you do not speak Italian well enough to understand legal deeds. Approx cost €250 – €350 depending on the notary.

Technical report for the notary.  Checks all the planning issues of the property, making sure it matches the official plans, no works have been carried out without permission, gathers all previous permits, checks the house is sellable and not illegal in any way. Carried out by a geometra, architect or engineer and costs vary considerably, a minimum of €761 including VAT/ Please note this report is NOT a structural survey, that is an optional additional report you may wish to instruct.

What annual costs are there? How should I pay them?

Local council tax – IMU (formerly ICI) – payable only by non residents. This needs to be paid twice a year at the post office – no bill is sent. Most people use a local accountant or property manager to calculate it.

Refuse tax (TARI)

In some areas, mountain community tax.

If you buy a property which is part of a condominium, e.g. with shared pool and grounds, lighting etc, then there will be annual condominium fees to pay which usually range from about €200 to €1000/year unless it is a particularly luxurious property with many amenities in which case costs could be higher.

Utilities

Do I need an Italian bank account?

You don’t really need an Italian bank account for buying a property in Italy any more as money is usually sent by bank transfer, although some notaries insist the funds are sent from an Italian account set up by you.

You could of course open an account to handle bills but bear in mind that some utilities companies refuse to arrange direct debits for non resident accounts, and some bills cannot be paid by direct debit.
You could always pay your bills online or if you have a property manager then send them the funds for settling all the bills.
If you do intend opening an Italian bank account, bear in mind that Italian bank charges are high . Usually there is a monthly fee to pay, plus charges for receiving money, paying bills, sending statements, etc etc.

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