Piazza della Libertà 1

Spoleto, Italy

Amenities

Elevator.

Interior features

High Ceilings, Study, Walk-In Closet, Wood Ceilings.

Rooms

Central/Center Hall, Formal Dining Room, Living Room, Storage Room, Study, Utility Room.

Exterior features

Terrace.

View

Street.

Description

Interesting investment opportunity, purchasing the bare ownership of a prestigious period flat, on the main floor of a building in the centre of Spoleto, for € 880,000 compared to the current price of € 1,100,000. Commercial surface of 331 sq.m., plus 7 sq.m. terrace and 15 sq.m. cellar. With large, bright living areas, high coffered ceilings and walls with original frescoes and decorations, 3 bedrooms and 3 bathrooms. Buying bare ownership: what it is and how it works The advantages of bare ownership Bare ownership is the best high-income, low-risk investment scheme because it allows you to buy the property at a reduced price compared to the real market value. Why the price is lower This reduction is due to the fact that the selling owner will retain the usufruct of the property and will be able to live in it for life, after which the bare ownership will rejoin the usufruct and revert to full ownership of the buyer, with full market value. So one can buy bare ownership in anticipation of future use, for one's children, and to have a revalued capital. With reference to this flat, the year of birth of the owner is 1939. Investment for own use Bare ownership can be an excellent alternative for those who were thinking of buying a property and renting it out to make an income, because it is as if all the monthly payments were collected from the outset, deducting them from the price and avoiding all the hassles and commitments that a rental could bring over time. It is also possible to resell the same bare ownership at any time, even after only a few years, taking advantage of the market revaluation combined with that calculated by the bare ownership tables. Geographic position This apartment is in the heart of Spoleto, near Piazza del Mercato and the Roman Theatre. It is in a strategic position, near many shops that allow you to explore the town on foot. You can also reach the moving walkway that connects the indoor car park to the historical centre within minutes on foot. Moreover, you can reach the front door of the building with your car. Spoleto is one of Umbria’s most fascinating art cities. Tourists from all over the world come here to visit historical and architectural masterpieces and attend numerous cultural and art events, especially during the Spoleto Festival. In forty-five minutes, you can reach Todi (44 km), Assisi (47 km) or Perugia (64 km) and in one hour and a half you can be in Orvieto (98 km), Rome (125 km) and the Adriatic sea (128 km). The nearest airport is Perugia S. Egidio (at 57 km), while Rome’s international airports of Ciampino and Fiumicino are 141 km and 158 km away, respectively (less than two hours). Description of buildings This apartment is on the first floor of a noble building. It covers a saleable area of about 332 sq.m plus a 7 sq.m terrace and a 15 sq.m cellar on the ground floor. The large staircase gives access to the main floor. The 22 sq.m (net) entrance featuring a decorated vaulted ceiling welcomes you to the apartment. The large, light-flooded living area includes a 30 sq.m (net) dining room, a 23 sq.m (net) sitting room, a 31 sq.m (net) living room, and a 24 sq.m (net) study-music room. All the rooms have maintained their original appearance with high coffered ceilings and walls finely decorated with frescoes. The study gives access to the 32 sq.m (net) master bedroom, featuring an en-suite bathroom and a 14 sq.m room that serves as a walk-in wardrobe. This apartment also includes other two bedrooms (with double beds) and two bathrooms, one of which has a secret entrance from a wall decorated with floral patterns. On the other side of the entrance hall, there is the 22 sq.m (net) kitchen with a fireplace and a wood-burning oven. A habitable terrace of approximately 7 sq.m. completes the first-floor dwelling. A private lift could be installed in the 15 sq.m cellar on the ground floor, right below the kitchen. State and finishing This apartment is unique in terms of space, lighting, and authenticity. The rooms are large and airy and still maintain their original materials and details, which have been accurately renovated, as the coffered ceilings, the frescoes and beautiful floors made of solid wood or with Venetian mosaics. Pilasters with ionic capital columns and painted marble bands increase the depth of the rooms, whereas scenes of bucolic landscapes and geometric, floral and grotesque patterns enrich the rooms providing authentic and unique elegance. The current owners have renovated this apartment, which is, therefore, in excellent conditions. However, the kitchen and the bathrooms could be revamped, even if they are perfectly functional. Use and potential uses This noble apartment is ideal for those who are looking for a unique and authentic residence with large rooms in the heart of Spoleto, one of Umbria’s main art cities. A human-scale town between Rome and Florence.