Description in Detail
Villa Monastery is located in the sought-after area of Impruneta south of Florence, only a few hundred meters from the main historical Piazza dell’Impruneta – which is also the world capital of handmade Tuscan terracotta. The property is well connected being only a mere 7 km away from the historic center of Florence and 6 km from the motorway exit Firenze – Impruneta.
Villa Monastery is an exiting investment asset that dates back to the 14th century. It originally belonged to the hospital of Santa Maria Nuova and in 1902 it was donated to the church.
Villa Monastery is now on the market as an enticing proposed project for buyers and investors. The property has been recently completely restructured and renovated with meticulous care to its historical value.
The 2,500 m2 Villa can be accessed using two exits from the main road. Within the main property are 12 luxury apartments making it an exciting opportunity for investors as the buyer can choose to purchase and sell the 12 luxury apartments in their entirety, sell the apartments individually, rent the apartments or even turn the Villa into a splendid hotel with 12 self-contained suites with concierge. The apartments come in a near-finished state, which allows the buyer to choose the desired details, finishing, and furnishing.
The apartments are luxurious suites of various sizes with 2 – 4 bedrooms with en-suite bathrooms. Some have private access to the internal courtyards. Their sizes range from 120 m2 – 310 m2.
Villa Monastery is an amazing investment opportunity as, besides the 12 newly renovated apartments, the project comes with several attractive common spaces. On the basement floor a wellness area is equipped with: a gym with Technogym equipment, a 6-seater sauna, a small relaxation area, and a dressing room with showers. The basement floor also houses a spacious fully equipped kitchen-dining room, that can be used by residents to host dinner parties.
The main courtyard boasts a beautiful well-maintained Italian garden, which has been recently restored and replanted. There is also a proposal to use the two inner courtyards to construct large outdoor areas that can be used as a “winter garden” hosting breakfasts, lunches, and reading areas. The area would be covered in the winter months using retractable tensile structures compatible with the landscape of the area and left open during summer.
The Villa has a large parking lot on the back of the property which is connected to the structure by a large elegant staircase and an underground corridor that leads to the entrance of the elevator on the basement floor level.
Currently, 10 out of 12 apartments are almost entirely renovated. The two-story Limonaia building comes with exciting potential with an indoor heated pool and SPA. It has been projected to include 2 of the 12 apartments of the complex in the Limonaia. Alternatively, the ground floor can also be transformed into a state-of-the-art cinema or a gorgeous indoor heated swimming pool with windows facing the Italian garden and a solarium on the terrace overlooking the hills.
The property can be potentialized with the acquisition of an adjacent property which is also for sale. The latter could be renovated in a similar style and would add 750 m2 to the property. The adjacent property could, for instance, be transformed into 7-9 Junior Suites.
Current State and Condition
The property is in excellent condition, needs some finishing renovation works and furnishing.
Land Registry Details
The property is in good standing and in compliance with local building and zoning regulations. When a sale is registered to a private individual, it is subject to a cadastral registry fee, following the laws for that specific case/circumstance of the acquirer.
Utilities and Services
All necessary utilities are present. The property additionally has a large private well.
- Water: Connection to the municipal water system. There is also a large private well
Potential Uses
The villa houses 12 luxury apartments. it is an exciting opportunity for investors to sell all 12 suites together or individually or to turn the Villa into a splendid hotel with 12 luxury suites with concierge. The Villa’s renovations are almost complete which provides the buyer to be able to choose the final touches, finishings, details, and furnishing.
