A home on the Pinelli Estate provides more than a luxury villa with pool - you also get a fully crewed yacht as part of the bargain. Campania's Cilento coast is home to the Pinelli Estate, a wonderful collection of luxury stone farmhouses, sold as fractional ownership exclusively through Realpoint Property.
Fractional or collective ownership at Pinelli makes luxury living accessible to all. The dolce vita can be enjoyed with a share in a fractional ownership property, entitling you to five weeks exclusive use per annum at your top class accommodation. Each share (or fraction) gives you 10% of the equity in the UK registered company that owns the property asset. Of course, you can buy multiple shares and spend even more time relaxing by the pool. And your share can be sold or passed on to family or loved ones at a future date.
Collective Ownership Has Been Around For A While...
Fractional ownership has become popular over the last twenty years. In the Unites States whole resorts are sold fractionally, and the concept is rapidly taking hold in Europe.
Collective ownership is also popular in Italy. There are many high value properties currently on the Italian market that lend themselves perfectly to fractional ownership. Fractional properties in Puglia, Tuscany and Piemonte are in the pipe line but currently the most sought after fractional properties can be found on the Pinelli Estate, overlooking the Cilento coast of Campania and on sale exclusively through Realpoint.
Pinelli - The Perfect Fractional Property....
The Pinelli Estate, or La Tenuta Pinelli as it is known locally, is being sold exclusively through Realpoint. Pinelli is a perfect example of how co-ownership provides the best of both worlds for people who want to own a luxury Italian property but don't want to invest millions.
The Estate extends to over 35 acres of rolling hillsides, looking out onto the Cilento National Park and the Mediterranean Sea, with Capri and the Amalfi Coastline on the horizon. The stone properties of the estate are set amongst olive groves and lemon trees and each enjoys total privacy. The historic town of Agropoli with its marina is a few minutes drive. Naples International Airport is 115 km and Amalfi/Salerno Airport 40 km.
The Pinelli Estate consists of Il Rifugio, a luxury 4 bed ensuite stone house with charming interiors of the finest quality. It offers every comfort: an infinity pool, and a large terrace that allows you to dine al fresco while soaking up the natural oasis set before you.
Your share of Il Rifugio also gives you access to a yacht and allows you to personalise the house with your own belongings, which are stored away securely after you leave, ready for your next stay.
Picture yourself and your family heading down from the hillside location of Il Rifugio to the sparkling azure coastal waters. There, in Agropoli marina, lies the Pinelli - 17.2 meters of unadulterated luxury motor yacht.
Fully captained and crewed, you can enjoy complimentary use of this stunning Rizzardi 50 top line motor yacht, licensed for up to 12 guests plus the crew. You can cruise at your leisure for up to 50 nautical miles during daylight hours. All costs for the motor yacht, including your captain, are included as part of your ownership.
How many other holidays offer you such a wonderful additional slice of paradise?
Casa Tramonto offers spectacular views of the sea and the Cilento National Park. Five double ensuite bedrooms, underfloor heating, air conditioning and hand picked 18th century antique furniture make this an absolute gem.
Pinelli architects have designed Vila Velius so that embraces the classic and traditional look of Cilento stone houses, using modern techniques to create a sumptuous four bedroom hideaway with infinity pool.
Share Prices at the Pinelli Estate
Each share (maximum of 10 shares for each property) entitles the owner to five exclusive weeks at the property annually, allocated by a rotating calendar. Prices in GBP.
Il Rifugio £120,000 (2 shares remaining)
Casa Tramonto £155,000 (7 shares remaining - ready by Autumn 2020)
Vila Velius £120,000 Vila Velius will shortly be on the market, but you can already register your interest in a fractional share in the property.
Why not book a Discovery Trip?
If you would like to experience the beauty, charm and luxury of Il Rifugio why not book a discovery visit. The Pinelli Estate ownership will be at your disposal to meet over dinner, to answer any questions you may have.
The discovery visit is a complimentary 2 day one night stay, and subject to availability, your stay can be extended further from €250/night with any accommodation fees fully refunded against a future share purchase completion. Transfers from Naples Airport can be arranged.
The Advantages of Co-Owning a Luxury Property
Fractional ownership makes economic sense. You are a co-owner of a superb property at a fraction of the full value of the asset. You let the management company deal with all the headaches and you spend your time soaking up the sun by the pool.
And if you are unable to use all your weeks and wish to rent out unused weeks, the management company will deal with the rental. The current (2020) rental rate at Il Rifugio is €10,500 in the high season (May-Oct).
Another notable plus of co-ownership is reduced closing costs. When you buy a whole property, you budget for around 10% of the sales price as closing costs (purchase tax, notary fees, agency fees, lawyers fees) but with fractional ownership you are buying a share in the UK company that owns the property asset so your costs are reduced to your legal fees and UK Government stamp duty, currently at 0.5% of the share purchase price.
Fractional ownership has nothing whatsoever to do with the dreaded timeshare property. Fractional ownership gives you equity, in the form of a share in the company that owns the property, and you can sell or transfer your share should you so wish.
Fractional properties are managed for you by a company established by the developer but funded by the collective owners. All repairs and maintenance are conducted in one 2 week period every year. Each fractional owner contributes to an annual maintenance fund and abides by the house rules and regulations. Good property management is a key aspect of Collective Ownership.
If you are looking for fractional ownership in regions of Italy other than Campania, we can help there too. You can register you interest in a number of properties in wonderful regions such as Puglia, Piemonte and Tuscany which are currently undergoing due diligence as candidates for fractional ownership
Of course, you may have the financial wherewithal to buy a luxury 5 bed ensuite property with pool outright, and fractional does not fit the bill, but we can help there too. We have an impressive selection of top quality properties throughout Italy, being sold in the traditional way.
For more details about the Pinelli Estate and buying a Fractional Ownership property there visit our dedicated web page.
As with buying anything, care should be taken that you fully understand what you are buying and the terms of your purchase. Read more about buying Fractional or Collective Ownership in Our Guide
Contact us to find your ideal fractional property in Italy. Send us your detailed requirements then leave the rest to us. A phone call to discuss your search and answer any questions you may have about buying a fractional property in Italy is always worthwhile, so please include a contact number.