20 bedrooms palace, 1000 m²

Tropea, Vibo Valentia (province)

ITALIAN PALAZZO (BAROQUE SICILIANO) IN TROPEA - RARE OPPORTUNITY
These palazzos are hardly ever on the market - typically, they are kept within families for future generations.
This unique property is located right in the center of the ancient and romantic town of Tropea, which has several of the best town beaches on the Tyrrhenian coast.
Built by a noble family as a replica of their original home in Sicily, this palazzo consists of approximately 1000m2 of living space arranged over the ground and first floors, plus a basement of around 300m2 with an indoor swimming pool built into the rock foundations, sauna, massage, and relaxation areas. In addition, there is a roof terrace of around 500m2.
Features include impressive entrance halls, large and elegant rooms, and high ceilings with ornate stucco carving throughout. Both ground and first floors feature stunning oval reception rooms. The original wooden windows and shutters are in place. This house exudes history: furniture includes ornately carved beds presented to the original owners by the Tzar of Russia 300 years ago (please note, these contents are available by separate negotiation).
Currently divided into three spacious apartments, the palazzo requires considerable renovation (eg, only one of the three kitchens is functional, and only three of the seven/eight bathrooms).
This palazzo offers fantastic potential: to be converted into a luxury hotel; into four or more stately apartments; or to be restored as a family home. As a hotel, there is scope for 40 en-suite rooms plus elegant reception areas (naturally, if hotel suites were incorporated, the number of rooms would be fewer).
In addition to Tropea's seasonal tourist trade (estimated to generate 540,000? per season for a 40-room, 5* hotel), this romantic, atmospheric town offers serious off-season income potential - from wedding parties, lovers of historic architecture, conferences, graduation ceremonies, etc.
The property occupies almost an entire street block and has two vehicular entrances (one front, one to the rear) and the gardens extend for approximately 500m2. At present, there is parking for 8+ cars.
Although styled in Baroque Siciliano, the property was built 70 years ago and therefore benefits from solid foundations and construction. Electricity and running water are connected and while there is no central heating at present, the house can be connected to Tropea's main gas supply. The agent, Cristian Buttafuoco, offers professional management of any restoration. All services are via reputable and referenced constructors, artisans, etc.

"Special Offer for our clients !! We will collect you from Lamezia Airport, provide seven nights' accommodation for two people, show you all of our suitable properties, and return you to the airport after your viewings.
Limited availability, so book your place now. "
Please note: All Accommodation and Airport Transfer costs are refunded to you if you buy from us
Overseas Buyers ! We will manage your rental properties for just 10 % when you buy from us.
Have you looked into financing Italian properties before and found that without having Italian income and being an Italian resident it’s nearly impossible to get financing? Well, that is no longer.
Buttafuoco Real Estate Agency has brokered exclusive agreements with Italian banking institutions that will finance 50% of any property you purchase through our company. This offer even applies to properties that are under construction or those that are in need of restoration.
We’ve negotiated this extremely rare financing opportunity specifically for our foreign clients residing abroad who in the past have found it difficult to receive the ever so illusive Italian financing. The offer applies only to properties with a sale price of 300k euros and above.
Call us today and let us find you your dream property along the Calabrian coast. Now with financing, your dream of owning a slice of Italy is even more of a possibility!