Real Estate Development Opportunity – Former hotel for sale near Caprese Michelangelo, Tuscany. 15 bedrooms, over 800 sqm, with potential for conversion into apartments or a private residence. Renovation required.

Real Estate Development Opportunity near Caprese Michelangelo, Tuscany

This former hotel is located in a small rural hamlet near Caprese Michelangelo in Tuscany and offers a substantial real estate development opportunity. The building, which currently includes 15 bedrooms and spans over 800 sqm, requires full renovation and modernisation.

Previously, plans were proposed to transform the property into accommodation for pilgrims visiting the nearby Franciscan sanctuary of La Verna. However, it also presents potential for other uses, such as developing an apartment complex for rental income or converting it into a large private residence.

The structure is arranged over four main levels, with additional mezzanine spaces. The ground floor includes an entrance hall, a warehouse, a service bathroom, and two rooms that could be adapted for hotel services. On the mezzanine level, there is a dining room, a kitchenette, and a pantry. The first floor offers two spacious living or recreation rooms, two kitchenettes, a bedroom, and a bathroom. A mezzanine above this level contains three additional bedrooms.

The second floor includes two suites with en-suite bathrooms, eight more bedrooms, and two shared bathrooms. Another mezzanine holds three more bedrooms and a bathroom. The top floor features partially usable attic spaces suitable for storage.

At the rear of the building is a small private garden (approximately 80 sqm), offering outdoor space in a quiet setting.

This property is suitable for investors or developers seeking a project with flexible end-use options in the Tuscan countryside.

• TYPE: Real estate development opportunity – former hotel, which is suitable for both commercial and residential development (subject to permissions)
• CONDITION: Needs to be restored
• LOCATION: Rural hamlet
• ACCESS: Excellent, paved road
• MUNICIPALITY: Caprese Michelangelo
• PROVINCE: Arezzo
• REGION: Tuscany
• INTERIORS: 826 square metres (8,888 square feet)
• TOTAL ROOMS: 38
• BEDROOMS: 15
• BATHROOMS: 7
• ANNEXES: No
• MAIN FEATURES: Stone walls, terracotta and ceramic flooring, wooden beams, balconies, fireplaces, private garden
• EXTERIOR: 80 square metres (861 square feet)
• GARDEN: Yes, but needs to be recovered
• SWIMMING POOL: No
• ELECTRICITY: Already connected
• WATER SUPPLY: Mains water
• TELEPHONE: To be connected
• ADSL: Possible
• GAS: Gasoil
• ENERGY CERTIFICATE: G (EPgl, nren = XXX.XX kWh/m2year)
• HEATING SYSTEM: Radiators + air conditioning
• CLOSEST CITIES AND TOWNS Closest services (2km; 2′), Caprese Michelangelo (4km; 5′), Anghiari (20km; 25′), Sansepolcro (28km; 30′), Arezzo (41km; 55′), Cortona (70km; 1h 15′), Montepulciano (92km; 1h 40′), Pienza (100km; 1h 50′), Perugia (94km; 1h 25′), Florence (118km; 2h), Siena (119km; 2h), San Gimignano (159km; 2h 30′)
• CLOSEST AIRPORTS Perugia San Francesco (93km; 1h 15′), Firenze A. Vespucci (133km; 2h), Bologna G. Marconi (175km; 2h 10′), Pisa G. Galilei (194km; 2h 40′), Roma Ciampino (271km; 3h 10′), Roma Fiumicino (285km; 3h 15′)

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