STRONG PRICE REDUCTION/EXCELLENT INVESTMENT OPPORTUNITY FARMHOUSE WITH SEA VIEW FOR SALE-MARCHE
STRONG PRICE REDUCED. Luxury restored farmhouse in contemporary style with sea view for sale in Marche.
An excellent investment opportunity.
A farmhouse with a sea view for sale just 5 km from Porto San Giorgio. Restored in 2011 according to the latest anti seismic standards, the house is Energy Class A (IPE 18.9kWh/m2) with revenue from sales to the grid for 20 years.
The house can accomodate up to 4 families each independently in their own home. The 6000 sqm garden and 2 Ha of land can be used as luxury camping, glamping with wonderful sea views
This restored farmhouse is very well positioned: 2 km from the seaside and from a hilttop village with restaurants and bars; 5 km from the well known seaside resort of Porto San Giorgio,; 5 km from the motorway entrance and 70 km from Ancona airport.
There are many cultural attractions, such as the historic town of Fermo, in the vicinity and all manner of services, factory outlets and shops are within easy striking distance.
Casa Il Gioiello is all about making the best of the sea view. Built on the riuns of an old farmhouse, the style is now more contemporary than rustic and this means that the rooms are spacious, light and have large windows looking East.
The property is made up of 3 areas that are attached but in different stages of completion.
The main house, which is completely finished is made up of a large open space kitchen/diner/drawing room, a larder, a bedroom a bathroom and a library on the ground floor and 4 bedrooms with ensuite bathrooms, a laundry, a breakfast room and panoramic terrace on the first floor. There is a/c throughout.
The semi restored stable block is now structurally sound and only requires internal divisions amd services. The upper ground floor could make another independent habitation or another 4 bedrooms whereas the lower ground floor could be used as garage and storeroom.
The third block which lies between the other two has a floor and ceillings but no walls.
There are about 6000 sqm of garden which has been hard landscaped and 2 Ha of arable land. A pool can be added.
Potentially, once work has been completed (estimated cost is €100K), the property could provide the following hospitality:
• 2 independent apartments each with 2 double bedrooms
• 4 double bedrooms with ensuite bathrooms
• 4 luxury tents, the latest in luxury tourism.
Having analyzed the market for B&B/Luxury Camping in the area and prudently considering only the period from July to mid September, revenue is estimated to be €115.000/annum (not including May, June and the second half of September and October).
State of repair
The finsihing materilas in the main house are of excellent quality. Those in the other 2 blocks have yet to be installed.
All services are in excellent working order and, with the exception of water, come at a zero net cost.
In the past was run as a B&B there is ample space for further accomodation making this a very good investment opportunity especially when considering the zero energy costs due to both photovoltaic panels (contribution of €44.000 at €2.200/year for 20 years) and the solar panels for heating water as well as very high efficiency insulation throughout.
Land registry details
The property is correctly registered in the cadastre of Fermo
The property has been correctly restored following planning permission gained from the Municipality of Fermo
Ownership Details/Contractual Obligations
Private - The property is privately owned and therefore subject to 10% purchase tax on the cadastral (land register) value for a second home and 3% for primary residence.
Potential Land Use
Primary residence, holiday home or B&B, glamping
Coastal Properties MARCHE Fermo