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BEAUTIFUL RESTORED MILL

A PRIME RENTAL INVESTMENT IN NORTHERN TUSCANY, ITALY

IPIN is pleased to offer members an interesting investment opportunity at The Old Mill in the heart of the Tuscan countryside, a stunning Italian restoration project.  As Italy’s second most popular domestic tourist region and with ever growing overseas visitor numbers, this particular region of Tuscany can boast rental occupancy levels of up to 85% based on IPIN research.

The Old Mill, Bagni di Lucca (Units from only 100,900 EUR)

Think of holidays in Italy or read any Italian holiday brochure and one of first locations that probably springs up is Tuscany and its charming lakes.  In fact, Tuscany is one of the most visited regions of Italy due to its stunning, authentic beauty and the opportunity to relax in a destination far removed from the usual sun, sand and sea holiday option.  The entire area is a magnet for both national and international tourists seeking a truly Italian destination and carefully selected properties such as The Old Mill (or Il Vecchio Mulino as it is known locally) offer excellent rental yield possibilities as a result.

These freehold units comprise a total of 45 charming studios, 1 and 2 bedroom apartments and duplexes, all enjoying surrounding communal gardens and swimming pool. The Old Mill is built to very high standards and includes air conditioning, while boasting typical Tuscan style features, with terracotta ceiling tiles, original stone walls and wooden beams being amongst its architectural features, while being protected under the “Belle Arte”, ensures all original features are fully restored.  The Mill sits in a tranquil spot on the banks of the River Lima and is surrounded by beautiful woodland, hills and winding streams. 

An Ideal Holiday Rental Location

The location is ideal for those seeking a peaceful retreat but within easy access of the airport at Pisa (45 kms) and a new road link to Lucca (23 kms).  As a thermal spa town, Bagni di Lucca offers residents all local amenities as well as tourist appeal and could not be better situated for buyers seeking a strong, reliable year-round tourist rental market to serve their investment.  The Mill even offers a marketing service to assist owners in renting their properties.

Tourists flock to this beautiful area of Tuscany to enjoy a wide variety of activities in addition to the town´s thermal waters.  More than 50% of the world´s artistic treasures are to be found in Italy, while half of these are actually located in Tuscany.  The beaches in and around Versilia, the ski resort at Abetone and the chic city of Pisa with its ‘Leaning Tower’, are all within 45 minutes drive of the Bagni di Lucca, adding to the great tourist appeal of the region.  Meanwhile, Pisa airport receives daily flights from the UK and Ireland and is currently undergoing expansion to cater for increased tourist numbers to Tuscany.

Restoration is underway at The Old Mill and completion is due within 12 to 18 months.  Due to the fact there are only 45 units available in such a highly sought after project, we advise members to act fast to secure their desired unit in this exclusive development.  We are sure that whether you seek an Italian holiday retreat for yourself or you intend to use your unit as a buy-to-let investment, you will find The Old Mill fulfills all expectations.

Next steps :

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UK FREEPHONE 0800 047 0597 - Int. +34 952 198 657

 

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