- 27,285,000 €
- 4.7% yield
A large property complex with an approved project for the creation of a residential care facility for the elderly for sale in the heart of a charming medieval village in the municipality of Terranuova Bracciolini, in the province of Arezzo.
The main body, built in the nineteenth century and subsequently enlarged, once housed a nunnery and is spread over three floors above ground, with an L-shaped plan: the larger side runs along the road, while the smaller side faces a small square.
The complex includes an annexe and a beautiful garden enriched with century-old plants, paths and walls.
The structure stands on an area of approximately 6,000 m² and is built in tuff and brick.
The property has an area of approximately 1,500 m² and offers the possibility of constructing a 40-bed nursing home. However, it is possible to apply to the municipality for a volumetric expansion up to a total of 3,000 sqm, allowing an increase in capacity of up to 80 beds.
In addition, a project for the construction of a car park with 25 parking spaces reserved for the facility has already been submitted and approved.
The building does not currently have a defined intended use, which allows ample possibilities for intervention and transformation, including healthcare use.
Moreover, since it is no longer subject to historical restrictions, the building can be renovated with great freedom, while maintaining the original appearance of the facades facing the church and the square.
If this property wasn’t for you, take a look at other investment property for sale in Terranuova Bracciolini.
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