RENT-TO-BUY

€850.000 · Bed & Breakfast · For Sale
Housecode: 711

rent to buy system

8 APARTMENTS + RESTAURANT
Bed and Breakfast in tuscany

In Montecastelli Pisano Pisa
panoramic Views 
Pool 6 x 12 meters

This accommodation is possible to be purchased through a rent to buy system. Read more about the possibilities at the bottom of the page.

Land of 3,490 sqm with many possibilities
The accommodation has been completely renovated
550 sqm on four levels.
In a panoramic position

THE LAYOUT

Semi Ground Floor:
Maintenance room for the pool and water storage equipment, and storage space.
Swimming pool with panoramic views over the Tuscan countryside.
Covered terrace with bar, toilets and access to the garden terrace.

Ground floor:
Huge terrace with a fantastic view, the restaurant with kitchen and bar, cosy common living room, a second terrace, various storage cupboards, toilets for guests,

Apartment 1 of the owner: Living- bedroom and a bathroom.

Three apartments on the ground floor:
Apartment 2: living room with kitchen, spacious bedroom and a bathroom.
Apartment 3: living room with kitchen, two spacious bedrooms and a bathroom.
Apartment 4: living room with kitchen, spacious bedroom and a bathroom.

Two apartments on the first floor:
Apartment 5: living room with kitchen, spacious bedroom and a bathroom.
Apartment 6: living room with kitchen, two spacious bedrooms and a bathroom.

Two apartments on the second floor:
Apartment 7: living room with kitchen, a spacious bedroom and a bathroom.
Apartment 8: living room with kitchen, 3 spacious bedrooms and 2 bathrooms.

Details:
Type of property: Bed and Breakfast – apartments- restaurant
Land: 3,490 sqm
Bedrooms: 12
Bathrooms: 11
Living rooms: 8
Kitchens: 8
Swimming pool:Yes 6 x 12

High quality materials used during the renovation.

The property has all the necessary amenities such as water, electricity and heating.

There is a connection to the municipal water system.

Heating is on methane gas.

Location:
Located in a medieval Tuscan village in the municipality of Castelnuovo Val di Cecina in the province of Pisa.

IMPORTANT INFORMATION:

All permits of the B & B are in order and meet the requirements.

extras

The accommodation has fiber optic internet, all apartments are also wired for TV reception and Wi-Fi internet is available everywhere.

It is possible to acquire extra olive groves and two extra houses (from the neighbours)

The current owners have invested heavily in the accommodation over the past few years, such as:
– automatic drinking water descaling installation
– digitally adjustable pump installation for drinking water supply
– new swimming pool filter system based on salt electrolysis
– Own website with software reservation system with automatic links with
1. Booking.com
2. Home away
3. AIR BNB
4. TripAdvisor
5. Holiday lettings
6. Micazu
7. TUI
8. Bed and breakfast.eu

Furthermore, the accommodation has a double central heating system (1 for back-up)

price reduced to € 850,000 costs to purchaser
House Code 711

RENT-TO-BUY: what does that mean:

Rent-to-Buy has become an upward trend since Italy adopted the Decree 133/2014 (Sblocca Italia) to revitalize the real estate sector.
This measure has attracted the interest of potential home buyers who cannot get a mortgage or immediately have the full amount to buy a property in Italy.
Rent-to-Buy represents the ideal solution to the problems associated with an Italian mortgage application and is also a great scheme to expand the buying budget to buy a nicer, bigger home. It is considered a win-win solution, where both parties achieve their goals with mutual benefits.
In fact, you can see it as a way to replace a mortgage, so even in the case of a Rent-to-Buy contract it is necessary as a buyer to pay an advance (between 35 and 59% of the total purchase amount) on the purchase price, so that the seller is assured of the seriousness of the buyer.

The Italian Rent-to-Buy system works as follows:
The typical “Rent-to-Buy” agreement is a contract that includes both the sales and rental agreement in a single deed. The buyer buys the property in monthly installments, of which a significant amount of 75% of the monthly amount to be paid is contributed to the sales price and a lower percentage of 25% is regarded as rent. The specific proportions of these two elements can be negotiated by both parties.

However, the buyer has the right to anticipate the conclusion of the contract (purchase option) by paying the full sale price. If he exercises this right, he will take advantage of the fact that he will no longer have to pay the monthly rent for the use of the property.
This is also positive for the seller, because he will receive the full purchase price faster.

With regard to legal protection for both parties, the notary’s deed provides 3-10 years of total legal protection.

Rent-to-Buy example 1:
Price of the property: € 500,000
Advance payment (50% of the agreed price): € 250,000
Monthly payment: € 2,500 (€ 1,875 is redemption + € 625 rent)
Duration: 5 years = 60 months x € 1,875 = 112,500
Balance to be paid after 5 years = € 137,500

Example 2:
Price of the property: € 500,000
Advance payment (50% of the agreed price): € 250,000
Annual payment: € 50,000
Duration: 5 years x € 50,000 = 250,000
Balance to be paid after 5 years = € 0.0

Rent-to-Buy benefits:
Immediate use of the property,
The possibility to rent the property, thereby GENERATING EQUAL INCOME,
You don’t pay mortgage tax,
No administrative costs of the banking procedure,
Nor the costs of the obligatory purchase of a bank insurance linked to the loan,
Save time: no endless list of documents to be translated which are mandatory for the mortgage application.

The details of the tax implications of Rent-to-Buy are fully described by the Agenzia delle Entrate in Circolare 4 / E 19.02.2015.

This page is also available in: Dutch

Housecode: 711

Location

Montecastelli Pisano Pisa

Contact

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