Luxurious hotel in the Tuscan hills, Italy

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Luxurious hotel in the Tuscan hills, Italy

18,000,000 €
2,571 € /m²
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  • Total area
    7,000 m²
  • Yield
    5.0%
Details
Property parameters
  • Land area: 16,000 m²
  • Hotel rating: 5
Financial performance
  • Annual income: 900,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 3.0%
Features
  • Golf course
  • Swimming pool
  • Car parks
  • Mountain view

Five-star hotel in 40 km from Florence.

Description

The hotel complex with the area of 7,000 m² and 70 rooms occupies a completely restored Florence Renaissance villa.

On the territory there is a SPA, a fitness center, a swimming pool, a restaurant, a meeting room. The property includes 16 ha of land, where a golf club with 18 holes is situated.

Tenants

It can be sold as with the tenant – a well-known management company (5% yield), as for own management.

Location

Tuscany is located in the central part of Italy, its territory extends from the Apennine mountains to the shores of the Tyrrhenian Sea. The capital of the region is Florence. The population is about 3.8 million people.

Tuscany is widely known primarily for its wines, the most famous are Chianti, Brunello di Montalcino, Vino Nobile di Montepulciano. In addition, there are 120 natural parks.

Other agricultural sectors include livestock (in the Chianti Valley) and olive oil production, especially in the hills of Lucca.

The industry includes the production of motorcycles, scooters and aircrafts, the textile district in Prato, the petrochemical facilities in Livorno and the steel plants in Piombino.

Tourism is very important for the “Cities of Art” (Florence, Pisa, Lucca, Siena, San Gimignano) and for tourist activities on the coast and on the islands (Elba).

Important sectors of the economy are agriculture (chestnut, mushrooms (truffles), wines), animal husbandry (cows, horses), food, chemical, metallurgical, textile, petrochemical.

Also, this region is famous for its health resorts: Montecatini, Saturnia, Montepulciano, Monsummano and Bagno Vignoni.

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