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Tuscan Investment
Property Services
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Il Podere
SienaInvestment Potential
This property of 11 units and surrounding land in a prime tourist zone represents a real
investment opportunity. Tourism is nothing new to Tuscany - people have been
visiting the area for the past 600 years. It is the main industry of the area, and
there is substantial support both from regional and
local entities, and from central government. Furthermore, there is a
possibility that the amount of land
might enable the property to be reclassified as an 'agriturismo', if it were
to be developed agriculturally, allowing substantial tax breaks, though
this would require owner occupancy.
The owner would pass on existing schedules, contacts and contracts.
Below is a table showing the rents of the units for holiday letting. It is let for a shorter period of the year than most comparable properties. This is the choice of the present owners, who are selling due to advancing age. I have presented two scenarios based on the actual weeks let at two comparable properties in the Chianti/Senese area in 2008. We can recommend a local letting agency which is skilled at maximizing letting potential, having contacts all over the world. The owners are wishing to retire in the very near future, and are therefore willing to accept a price substantially below its recent valuation of 3.2 million euros. Offers around 2.5 million euros would almost certainly be acceptable. Yield
Full occupancy would produce
199 600 euros p.a. Based on 2008 occupancy levels at a moderately popular comparable property it would produce 145 400 euros p.a. Based on 2008 occupancy levels at a very popular comparable property, with an extended season it would produce 194 000 euros p.a
+44 2030168249 / 07846723807 Contact our sales office Skype: Vallelinda | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||