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Property for sale information

 
Il Monastero Francigeno  
Reference nr: LG946156
Description:

Location

The Monastero Francigeno, sits on a hilltop position dominating, since a thousand years, the horizon over the surrounding Tuscan landscape all the way to the magic Castle of Monteriggiori.

The first written records about this convent go back to March of the year 881 AD, when the Emperor Charles the Fat intervened to mediate a friction between the Bishop of Arezzo and that one of Siena.
At that time the monastery was an important stop over for travellers going to Volterra and also a meeting place for gatherings and receptions in honour of important visitors.
Description of buildings

This monastery, once a hermitage, appears at present as a traditional C shaped building, incorporating age-old spaces and a chapel.
The core of the main building has been carved in 13 self-contained apartments, with 16 bedrooms and 14 bathrooms, including living rooms with cooking areas, for a total of 36 rooms.
The church, in the west wing, is still used to celebrate ceremonies and just a little further away, past the courtyard, there is an annexe of 89sqm which consists of 31 sqm utility room for the accommodation facilities and another space of 45 sqm used by the estate employees’ as a changing room.
Condition

The property has been immaculatly restored, retaining period materials where possible.
The most ancient part of the house still boasts the original stone walls, cotto floors and ceiling made of chestnut beams and tiles.
All doors and windows are made of solid chestnut wood, the windows are also double glazed and have Tuscan style internal shutters.
Outdoor space

The property is surrounded by a total of 37.5 hectares of land, planted with Chianti di Colli Senesi vines, and an olive grove cultivated with distinct varieties (such as moraiolo, frantoio and leccino), close to the Monastery there are charming and well tended gardens with lawns, flower beds and hedged garden paths leading to the swimming pool of 6x12 mt.
The land is divided as follows:
8,7 hectares of sown land
3,7 hectares of olive grove
4,3 hectares of vineyard
20,7 hectares of mixed coppice

The property is also served by an ample parking area
Utilities

All systems have been replaced during the recent restoration: each apartment is totally self-contained, with a cooking area, at least one bathroom with toilet, bidet, shower and washbasin, television and entry phone. There is a separate gas central heating for each unit.
Usage and potential

Despite its one thousand years of history, the Monastery retains, with a modern approach, the traditional role of welcoming refuge to travelers, and combines its period accommodation facilities with farming activities for the production of olive oil and wine.
The estate is located in the heart Tuscany, 10 minutes from Siena, 20 minutes from San Gimignano, 53 km from Florence, 79 km from the sea, and it controls wonderful views over stunning,
unspoilt countryside and the scenic Castel of Monteriggioni. For these reasons the Monastero Frangiceno is the perfect property in a perfect location, for those wishing
to invest in a hospitality business of distinction.

Bedrooms: Bathrooms: Price (€):
10 10
Features:
Private Swimming Pool
Submission Date:
09-02-2008
Last Update:
09-22-2010
Advertiser Details:


Name:
Luca Giovannelli

Company:
Casaitalia International S.r.l.

Phone:
+39 0743220122
Fax:
+39 0743220182
Mobile:

 
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Calculators

 
Property price: €
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations