Cortona. This charming residence is located in a picturesque, small village of the 14th century made of old stone houses, the center of a vast protected green area, nestled between olive groves, fruit trees and oak trees, is the ideal place for relaxing holidays in contact with nature and with all the basic amenities guaranteed. Just 20 minutes from the famous Etruscan city of Cortona and a short drive to many places of interest in Umbria and Tuscany
The 86 m² apartment consists of two bedrooms, kitchen, living room with fireplace and two bathrooms. The careful restoration combines the rustic Tuscan character with maximum comfort. Outside there is a delightful covered dining area. The village offers the highest quality standards owners: a security system, management and the multilingual staff, front desk/ concierge service, housekeeping, (on request), heated outdoor pool, a Restaurant, a grocery store, Internet access Wi-Fi (satellite) for walking and hiking trails, micro-site market.
Title to the residence is held, in perpetuity, by First National Trustee Company, an independent International Trustee Company based in the UK. The Club structure offers owners with a safe schemeto establish a family legacy in this beautiful region, and as the Hamlet is privately managed and serviced, removes the hassle and maintenance worries typically associated with overseas vacation homeownership. Transfer of ownership is flexible and does not involve notary or notarial costs, or local land registryfees. Similar to other real estate, ownership may be sold, willed, transferred or placed in a trust at anytime. Owners’ benefits, services and amenities include: Multi-lingual management and staff Reception/concierge service/porter service Housekeeping (on request) Heated outdoor swimming pool (open between mid April and late October) Trattoria — serving freshly prepared dishes Grocery service (Pre-arrival) Wi-Fi Internet access (Satellite) Walking and hiking trails Mountain bikes On-site micro market with uniquely sourced speciality products Laundry (washing-machine and dryer). Maintenance personal.
With regards to price, the purchaser is essentially purchasing 10 x 1/10th Fractional Ownerships in onespecific residence. The current purchase price for 1 x 1/10th (10%) ownership is € 127,000 euros, whichincludes 22% VAT, subsequently the price to purchase 10 x 1/10th interests could be calculated to be € 1,270,000, a noteworthy discount can be negotiated based on payment terms and velocity. Owners will pay an annual fee of € 33,900, which covers the day to day management and operation of the Hamlet and includes staff salaries, utilities, supplies, maintenance, accounting, insurance, capital reserves and property taxes. Given the figures involved, we believe a group of friends, family members or a rental investor would benefit from the full range of amenities and services offered by the team at the Borgo.