La Vecchia Masseria is more than an 18th Century Masseria with pool - it's a perfect example of how fractional ownership provides the best of both worlds for people who want to own a luxury Italian property but don't want to invest millions.
La Vecchia Masseria is the latest addition to the Pinelli Estate Puglia collection, sold as fractional ownership exclusively through Realpoint Property.
Located in the wonderful region of Puglia, La Vecchia Masseria is a prestigious property which has been restored to a luxurious standard. This beautiful property has 5 en-suite bedrooms, a sumptuous garden, a wonderful pool and a guest suite lamia to provide further accommodation.
The land with the property measures 33,000 sqm, planted with 90 olive trees, 100 almond trees, fruit trees and a vineyard. La Vecchia Masseria has been extremely well designed to maximise outdoor living. There is a large swimming pool (6 x14m) with a separate sunken Jacuzzi area, a vine covered pergola for al fresco dining with a large pizza oven. An elegant walkway, covered in bougainvillea and jasmine, meanders through the garden. The gardens are irrigated with water from the artesian well, the lighting illuminates the grounds beautifully.
The property is situated 3 km from San Vito Dei Normanni, 7km from Carovigno, 10 km from beautiful Adriatic beaches and 17 km from Brindisi airport.
Fractional or collective ownership at Pinelli Estate Puglia makes luxury living accessible to all. The dolce vita can be enjoyed with a share in a fractional ownership property, entitling you to four weeks exclusive use per annum at your top class accommodation. Each share (or fraction) gives you 8% 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.
Why not come and see for yourself - we are convinced that you will fall deeply, madly in love with La Vecchia Masseria.
But don’t just take our word - listen to what our most recent buyer says about the Pinelli Estate (this is at Il Rifugio in Campania, but the same will apply to all Pinelli properties) Testimonial video link (opens in new window)
Prices at the Pinelli Estate Puglia
£165,000 per share. Each share (maximum of 12 shares for each property) entitles the owner to four exclusive weeks at the property annually, allocated by a rotating priority calendar.
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.
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 rental rate 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, legal 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 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. 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 Pinelli Estate Collective Ownership.
If you are looking for fractional ownership in regions of Italy other than Puglia, we can help there too. Pinelli Estate Campania is a luxurious group of stone properties which offers the very best in Italian coastal locations and also access to a yacht.
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.
If you would like to experience the beauty, charm and luxury of La Vecchia Masseria 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. Transfers from Brindisi or Bari Airports can be arranged.
Visit our dedicated web pages for more details about the Pinelli Estate Puglia and buying a Fractional Ownership property
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.