A Once in a Lifetime Opportunity: Own a Medieval Village in the Heart of Italian Wine Country
A historic Medieval village, including olive grove and vineyard which produces Orvieto DOC wine for sale.
Asking price: €4,800,000 (see the up-to-date price in other currencies).
Small historic borgo in the Umbria region, (see aerial view) including one spacious, prestigious villa featuring original frescoed walls and surrounded by other buildings.
This is a superior opportunity for anybody wishing to start a prestigious real estate development, wine making and/or olive oil production business in Italy.
In fact, the estate consists of five buildings and the surrounding land, including a small vineyard registered for production of Orvieto DOC wine, as well as an olive grove and Medieval olive oil press.
In Medieval times, this village was totally self sufficient and includes:
- 18th century Master’s villa (approximately 2,200 square meters, or 21,500 square feet)
- Olive press, store rooms and warehouse
- Former servants’ quarters
- Former workers’ quarters and stable.
- Huge ‘henhouse’
These buildings cover approximately 4,000 square meters (over 43,000 square feet) and a town planning regulation, approved by the Orvieto administration in the early 1990s, allows for the expansion of the real estate, that can be increased to 22,400 cubic meters, or over 240,000 cubic feet.
- About 3 hectares (approximately 7.5 acres) of parkland, vineyards and olive grove
The buildings require renovation and can easily be converted into an upscale development featuring 32 independent luxury residences. The property includes a 1.2-acre of registered vineyard planted in 1973 which currently produces Orvieto DOC wine. In addition, the estate includes an olive grove and, one of the buildings, still features the original stone wheel olive crusher.
The village’s Catholic church is not part of the property, as it belongs to the Vatican State. (See Village Layout).