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Borgo Di Vagli - fractional ownership, Mercatale di Cortona, Cortona, Tuscany

127,000

1 Bedroom House For Sale

Borgo di Vagli was restored for those who dream of owning a country home in Tuscany, but are struggle to justify the cost and time-consuming maintenance and upkeep responsibilities typically associated with owning a home abroad. Owners are not restricted to a particular residence; they can reserve more than one residence in their ownership category, if sufficient residences are available. Similar to other real estate, ownership may be sold, willed, transferred or placed in a trust at any time. Transfer of ownership is flexible and does not involve notary or notarial costs, or local land registry fees. Transfer of ownership can be executed from overseas.

Ownership at the hamlet is a wonderful way to establish a family legacy in this beautiful region and enjoy the benefits of the historically buoyant rural Tuscan real estate market Club Owner Demographic:

 Since the launch of Fractional Ownership, we have been thrilled to welcome owners from all over the world; including the UK, the USA and Canada, South America, Norway, Denmark, Belgium, France and Australia. Club Owners are invariably discerning educated professionals/families, who were frequent visitors to Tuscany prior to investing. Their ages vary significantly between 38 to 77.
 
Ownership Interests and the related Annual Fees and Housekeeping Costs for 2021:-

Purchase prices include closing fees and taxes at the current rate and are subject to change without notice.

A)  1/10th Fractional Ownership Purchase prices include closing fees and taxes at the current rate and are subject to change.

Purchase Prices

€80,500 for the One Bedroom Residence Category (currently there are 6 available)
€127,000 for the Two Bedroom Residence Category (currently there are 2 available)
 
Usage:
•   4 Planned Vacation weeks (28 days) •   Unlimited Space Available Vacations •   Unlimited Short Notice Vacations (14 days prior to arrival)

Annual Fees:

€2,677 IVA incl. for the One Bedroom Residence Category
€3,390 IVA incl. for the Two Bedroom Residence Category

B) 1/15th Fractional Ownership

Purchase Prices:

€52,000 for the One Bedroom Residence Category
€80,750 for the Two Bedroom Residence Category
 
Usage:
•   2 Planned Vacation weeks (14 days) •  Unlimited Space Available Vacations •  Unlimited Short Notice Vacations (14 days prior to arrival)

Annual Fees:

€1,606 IVA incl. for the One Bedroom Residence Category
€2,033 IVA incl. for the Two Bedroom Residence Category

C) 1/20th Fractional Ownership

Purchase Prices:

€43,500 for the One Bedroom Residence Category
€68,500 for the Two Bedroom Residence Category
 
Usage:
•   2 Planned Vacation weeks (14 days) •  Unlimited Short Notice Vacations (14 days prior to arrival)

Annual Fees:
€1,339 IVA incl. for the One Bedroom Residence Category
€1,695 IVA incl. for the Two Bedroom Residence Category

Annual fees include
Management Company fees, reserve funds for refurbishment and redecoration
Utility costs - (electricity, gas, water)
Insurance
Upkeep of communal areas including the swimming-pool and terraces
Annual property tax and local tax contributions and refuse collection.

Housekeeping, however, is invoiced separately at the end of owners stay.

Housekeeping costs
Minimum weekly costs - €83 for the one bedroom residence category and €102 for the two bedroom residence category; this includes a midweek service and departure fee.
Minimum fortnightly rate - €110 for the one bedroom residence category and €139 for the two bedroom residence category; this includes 2 midweek services and departure fee.

Exchange programme:
To add further value, owners can exchange their ownership with an incredible selection of wonderful destinations through The Registry Collection and Elite Alliance.

A question and answers document is available - please see additional documents section below the location map.

Tenure: Freehold

No floorplans available for this property

No EPC available for this property

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Office Details

Abode Srl
Via Caduti di Penetola 39
Niccone 06019 (PG)
Italy


00 39 075 941 7554
: Skype: italianproperty
info@abodeitaly.com

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