OPPORTUNITY for INVESTMENT – TO MAKE 7 BEDROOMS-3 UNITS- IN PRIME VALLEY D’ITRIA

OPPORTUNITY for INVESTMENT – TO MAKE 7 BEDROOMS-3 UNITS- IN PRIME VALLEY D’ITRIA

OPPORTUNITY for INVESTMENT – TO MAKE 7 BEDROOMS-3 UNITS- IN PRIME VALLEY D’ITRIA

Locorotondo, Bari, Apulia, Italy

For Sale

€390,000

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Property ID :

 RH-26359-property

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Bedrooms

7

Bathrooms

5

Area

230

Year Built

1870/2010

Lot Size

11000

Price

€390,000

Description

Key features

 

  • substantial 5-cone  trullo with lamia parts,  partly restored
  • 15 rooms -Possible to make 7 bedrooms, 5 bathrooms on 230 sqm net
  • Possible to subdivide into 3 parts for holiday lettings/ B & B
  • Excellent investment for lettings
  • Pool above ground can be installed on sloping land
  • Project management services available
  • Land of 11,000 sqm ( 2,75 acres) with Mediterranean vegetation
  • Four km to charming Cisternino with restaurants, bars and grocery stores
  • 20 minutes to sandy beaches at Torre canne
  • 50 min/65 min from Brindisi/Bari airports

 

Description

This is a spacious Trullo property integrated with lamia buildings with five cones and 15 rooms over a net floor area of 230 sqm. The building is located about 50 meters from the access road with 11,000 sqm land, with the typical Mediterranean scrub. The location is on top of a ridge in prime Valle D’Itria, between Locorotondo and Cisternino, two hilltop towns, both with panoramic views over the beautiful valley.
The building has been partly renovated and could be subdivided into three self-contained units of seven bedrooms and used for holiday lettings or B & B.
The garden is big enough to offer privacy to all units.
Staircases to the roof could be installed and the roof terrace would have fabulous views over the area.
The project would include five new bathrooms, three kitchens/kitchenettes, new doors and windows, new electrical system, a heating and cooling system to be installed. CasaPuglia offers in-house professional project management services and would be involved in the pre -evaluation phase, tendering process, and supervise the building work from start to finish.
The garden could be landscaped, for example, by planting fruit trees and adding hedges on two sides of the property, giving privacy
Technical:
The building is connected to mains electricity.
New water cisterns and holding tanks be installed, for lorry refills of fresh water, which is normal in the country side
TV and WI-Fi installations would have excellent reception.
A pool in the ground is not allowed in this area. However, it is possible to install a pool above the grounds, and nowadays, there are many types with excellent designs. Heated spa baths are also a good investment if planning holiday lets.
The altitude is about 400 meters above sea level. There is an attractive microclimate, and the temperature is about four degrees cooler than the sea level. The high altitude and hills strengthen the breezes, giving a pleasant micro-climate during the hot summer. The main forestry area is protected with strict planning regulations.
Location:
A short distance of four km to the beautiful town of Cisternino, with groceries, cafes/bars and restaurants.
The other nearby town of Locorotondo, has an excellent supply for all shopping needs, and here you find pharmacies, banks, cafes, and bars. There  are several butchers, fishmongers, and fruit & vegetable shops Locorotondo is a Medieval town with a round-shaped old town centre and is famous for its music festival in August and for its incredibly beautiful Christmas decorations.
The distance to the nearest beaches is about 17 km (22 minutes) to the popular Torre Canne, with a lovely sandy bay, and Savelletri, a small charming fishing village. Here is nice to take a pre-dinner stroll along the shore, have a drink at a terraced seaside bar and dine at one of 10 restaurants serving fresh seafood, fish and vegetables.The property has the advantage of being centrally located between areas of interest such as the amazing mile-long amazing caves of Castellana Grotte; the archaeological excavations of the Roman Egnatia by the Adriatic coastline; the Trulli houses of Alberobello – a Unesco World Heritage site: the beautiful white town of Ostuni, located on top of a hill with fantastic sea views; the medieval town of Oria; the wealthy baroque town of Martina Franca; the Zoo Safari Park of Fasano (lots of fun for children and adults alike); the old town by the sea and caves of Polignano a Mare, well known also for its tasty ice-cream; Grottaglie famous for its ceramics and ancient stone carvings; the famous baroque city of Lecce which is called the Florence of the south. Matera, another UNESCO World Heritage site, the world-famous Cliff City, is not located in Puglia but just across the borders to Basilicata. The drive there is only about 1 hour 20 minutes, and a fascinating tour awaits you.By air, there is a choice of two international airports, served by Ryanair, Easyjet, Ba and others, both easily reached by the motorway; Bari in the north in about 65 minutes and Brindisi in about 50 minutes in the south. Both cities have ferry traffic to Greece, Albania and Croatia, so it’s possible to make weekend trips across the Adriatic Sea.
Bari, the Commercial capital city with 250 000 inhabitants, offers the best shopping, a grand opera house called the Petruzzelli teatro and a large medical city centre with many museums. Just north of Bari lies a little town called Giovinazzo, a true gem right by the sea. Further north is Molfetta Outlet, a famous shopping galleria and 20 minutes further is Traini, a sophisticated town with a beautiful half-moon bay & marina. Continue north to Castel del Monte, the mystical castle Frederic Ii built in the 13th Century.
Within a 2,5 hour drive to the north lies Gargano, the peninsula called the spur of the Italian boot. Gargano forms a significant nature and wildlife Reserve and offers hiking and scenic trips around the peninsula. From here, there are daily boat trips to the small Tremiti islands.

Lifestyle And Culture:
The Italian lifestyle means many things, especially socializing; the home is used for sleeping and breakfast, and the Italians go out for enjoyment and dining. Based in Canale di Pirro, there is so much you can experience, like early morning markets in the small towns. Music festivals, religious carnivals, beach life, historical tours in the main towns, cooking classes, learning Italian at language schools, dining at the many countries and seaside restaurants, and nightclubs at the beach clubs of Capitolo.

SPORTS:
As Apulia is a peninsula surrounded by two seas- the Adriatic in the north and the Ionic in the south – water sports dominate in the area: sailing, yachting, water skiing, kite surfing, swimming & beach life. Golf has five good courses, and San Domenico is world-class (Pga 2014 Challenge Final). Tennis (there is one tennis club just 5 minutes away from the villa in Selva di Fasano), horseback riding, hiking and bicycle tours are other options for the active-minded. Squash clubs are located in Bari, Bitonto and other places.

The Weather:
Being south, Apulia has warmer weather than Northern Italy; even in the “winter months” of December to February, the average number of sun hours per day is four and 10-11 sun hours per day in June-August! This means you can enjoy a long season of nice weather in Apulia. When you plan to buy a holiday home in Apulia, think you will spend much more time outside than inside that home. Therefore you will need plenty of terrace space, pergolas etc. At your Apulian property and also cooking facilities outside is very practical.

The water temperature at the beginning of May averages 19 degrees, up to 27 degrees in August/September and 19 degrees in November. This means you & family will spend time at the beach. Wherever you are in Apulia, you can reach the shores within 30 minutes!

Why Buy In Apulia?
Apulia has until recently been called the hidden treasure of Italy, unknown to most tourists who come & stay in Rome, Florence, Venice and the Italian Riviera. However, all this is rapidly changing because of massive investments in the infrastructure, such as the improved motorways, enlarged airports and the introduction of low-cost airlines such as Ryanair and Easyjet. The property prices are low in Apulia and inadequate means value for money at bargain prices for international buyers. We see more and more foreign visitors coming to Apulia. In our opinion, investments will show good growth in value because of the increased demand for northern Italians, as Apulia has become the most popular holiday destination for Italians. But rest assured, no tourist villages will ever be built because the coastline is protected in Apulia, and people are against modern developments that do not fit into this historical landscape. Therefore, prices are bound to rise with increased demand for a fixed and limited number of properties,

Why Buy From CasaPuglia?
Firstly we are an English-speaking agency based in the middle of Apulia with local experience and can guide you to get the right property at the right price.
Secondly, we have personally inspected every property we recommend buying and do not list hundreds of properties but a smaller selection of properties that offer good value to the buyer. In Apulia, many properties are offered at unrealistic prices, but we say no to sellers who want us to list properties for sale at silly prices.
We have many years of international property experience, including ten years in London, and we see investments in Apulia from a global perspective. We have been active in several Eu property markets and specialize in property management to ensure well-maintained properties for growth in property value.
We have a comprehensive range of local services:
– acting for the buyer – and not for the seller – by searching the market for the right property, negotiating the price and giving advice through the buying process leading to the completion of the purchase
– property management: we look after your property when you are away and ensure it is in perfect condition when you arrive. We will prepare a maintenance plan for annual maintenance and repairs of your property, which is essential to maintain and increase the property’s value
– project management; we can be your local representative and manage any renovation or refurbishment. We will advise on value-added measures to further enhance your property’s capital growth.
– lettings- we can assist you in letting your property and checking in your tenants, deposit taking, checking out & inventory control.

Refer also to our web site casapuglia.

We look forward to hearing from you soon!

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