Fractional ownership means that you share the full ownership of a property with other co-owners and is as much an asset as a traditional Italian house purchase.

Pinelli Estate in Campania

Fractional ownership in ItalyThe Pinelli Estate began life in Campania  - known locally as La Tenuta Pinelli  - the estate is exceptional in every sense. Realpoint Property has been awarded the exclusive right to sell Pinelli Fractional Properties throughout Italy, and the estate in Campania currently consists of three properties: Il Rifugio, Vila Velius and Casa Tramonto, set apart, in positions that ensure maximum privacy.

Located on rolling hills, the estate enjoys breathtaking panoramas over the Cilento National Park and is set amongst olive groves, vineyards, lemon and fig trees, providing a visual feast for the owners.

Naples International Airport (115 km) and Amalfi/Salerno Airport (40 km) allow you to be poolside a couple of hours after landing. If you prefer, you could head for the golden beaches and crystal waters of the Cilento coast just 10 km away which can be seen from the estate. 

Discover more about the location and history of Pinelli Estate Campania.

The interiors of the houses have old world charm and everything you'd  expect from traditional stone properties: timber beams, exposed stone, parquet floors, open fireplaces, and at the same time, elegant furnishings and every modern convenience to make your time at your property as relaxing and carefree as possible.

Outside, shaded terraces make al fresco dining a must, and heated infinity pools enhance the languid atmosphere, offering luxury living at a fraction of the usual cost.

Collective Ownership at Pinelli Estate Campania

Fractional Ownership at the Pinelli Estate Campania ItalyProperties on the estate are sold as collective  - or fractional ownership.  This provides you with all the upsides of ownership without the year-round costs of maintenance or the worries that go with it. All owners enjoy the same benefits, and all repairs and maintenance are conducted in one 2 week period every year.

Il Rifugio
Through collective Ownership, you can be one of an exclusive group of owners; each with a 10% share in the UK registered company that owns the property.
From GBP 120,000, you will enjoy 5 weeks annual residency in your own home.

Casa Tramonto
Through collective Ownership, you can be one of an exclusive group of owners; each with an 8% share in the UK registered company that owns the property. From GBP 151,000, you will enjoy 4 weeks annual residency in your own home. Casa Tramonto is under renovation with a planned completion date Summer 2021.

Vila Velius
Through collective Ownership, you can be one of an exclusive group of owners; each with an 8% share in the UK registered company that owns the property. From GBP 120,000, you will enjoy 4 weeks annual residency in your own home.

Each property is fully managed and includes:

  • Services and utilities
  • Fully furnished throughout (including all dining and kitchen equipment, bathroom towelling, hand towels and swim towels etc)
  • Cleaning and laundry
  • Pool management
  • Gardening and estate management of olive groves and vineyards.
  • Local taxes and full property insurance.
  • Every aspect of the running and management of the properties is organised and managed for you.
  • And as an owner of Il Rifugio you will enjoy the use of a fully captained and crewed Rizzardi 50 Top Line motor yacht, licensed for up to 12 guests plus the crew.

The estate's management organise the occupation of the property to ensure each and every owner arrives to just relax during their stay. They also manage rentals on your behalf should you choose to offer any of your weeks for rental to paying guests. Best of all, you can personalize your property as much as you like. Prior to your arrival, the estate manager will remove your personal possessions (family pictures, artwork, ornaments, etc.) from their on-site storage and place them exactly where they were when you were last at the estate. On departure, they are removed and placed back into storage. 

Enjoy a luxury life style by buying a share of the collective ownership at the Pinelli Estate Campania - sold exclusively through Realpoint.

Advantages of Collective Ownership

Being a collective owner of Pinelli Estate offers:Collective and Fractional Ownership in Italy

  • Economic sense - A luxury lifestyle in superb properties at a fraction of the ownership cost.
  • An efficient, well run management company to take care of all aspects of the running of the estate, including rental, so all you have to do is relax by the pool and soak up the sun.
  • Your share is a property asset like any other that can be transferred and sold.
  • Personalisation - when you arrive your own personal effects will be waiting for you
  • You'll never tire of the Mediterranean views of sea, olive groves and vineyards
  • A proven model - happy owners that will tell you about the benefits of collective ownership at Pinelli Estates.
  • Buying multiple shares is also possible.

Current Properties of the Pinelli Estate in Campania

There are currently three unique properties on the Pinelli Estate in Campania, nestled amongst the olive groves and lemon trees, each totally private from the other, above the historic town of Agropoli and just 90 minutes south of Naples and its international airport, and 40 minutes from the new Sorrento/Amalfi airport opening in late 2020.

Il Rifugio

Il Rifugio Fractional Ownership property at Pinelli Estate

Il Rifugio - the refuge 

4 bedrooms 

Il Rifugio is a four en-suite bedroomed villa featuring a cool lounge, hall, state of the art kitchen and decadent dining room. Step outside to over 150m2 of immaculate private terracing and the infinity pool.

Casa Tramonto

Casa Tramonto Fractional Ownership property at Pinelli Estate

Casa Tramonto - sunset house

5 bedrooms

Casa Tramonto offers spectacular views of the sea and the National Park. Five double ensuite bedrooms, underfloor heating, air conditioning and hand picked 18th century antique furniture - an absolute gem.

Vila Velius

Vila Velius Fractional Ownership property at Pinelli Estate

Vila Velius - the hidden gem

4 bedrooms

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 bedroomed hideaway with infinity pool.

Top Ten Questions About Pinelli Estates Fractional Ownership

1. Are properties freehold?

Yes, each property is owned by a separate UK-registered company. The owners own the company through shares, the company owns the property. This is important as the fractional (or collective) ownership purchasing model should not be confused with timeshare arrangement. Once the share purchase is made, the owner can sell or pass on the share to family members.

2. What is the cost of collective share ownership?

Prices vary but start from GBP 120,000, depending on which property you opt for in the Pinelli portfolio

Some current owners have multiple shares to provide them with more weeks exclusive use each year and the option of enjoying rental income for unused weeks.

There is an annual maintenance fee which is equally shared between all of the members who own each property. 

3. What are the closing costs on my purchase?

There are no fees when purchasing your share, but there are the costs of :

  • Your legal counsel
  • UK Government stamp duty currently 0.5% of the share purchase price

4. Are the weeks offered variable?

Yes. The weeks are allocated each year on a rotating priority basis, to ensure each owner always receives weeks in the peak season and weeks in the off peak season. Weeks may be exchanged with co-owners, used by friends and family or rented to a third party,

5. Can I rent my weeks?

If you wish to rent part or all of your weeks, then the management company will assist you. The potential income from rental is very attractive and buying one or multiple shares allows you to take full advantage of the demand to stay at a Pinelli Estate property.

Current (2020) rental rates per week at the estate vary from €5,000 to €6,000 per week in the low season, rising to between €10,000 and €12,000 in the high season.

6. How can we visit the property before buying our share?

We strongly recommend an inspection visit to discover the secrets of the Pinelli Estate as soon as possible. We will assist you in arranging your visit.

7. Can I change my mind: if so, by when?

Yes. There is a mandatory 14 day cooling off period after you have paid your deposit which will be returned in the unlikely event you decide not to proceed.

8. Can I sell my Fractional Ownership share at any time in the future?

You are free to sell your share at any time, at a price that you agree with the purchasing party. Re-sale of shares  must always be offered to existing shareholders first. The management company will assist owners in the sale of their share if they wish to.

9. Are there any ownership rules?

Yes. The holding of the owner’s share is subject to the terms of a subscription agreement, the articles of association of the company and a set of house rules and regulations. These documents will be made available as part of the acquisition process. We regret that pets cannot be accommodated and it is illegal to smoke inside any of the properties.

10. What type of people does Pinelli Estate Fractional Ownership suit

Fractional ownership is flexible and is attractive to people who may have capital tied up in other investments but still want to enjoy a high-end property. Equally it appeals to people who want a well-managed property and who realise they can only enjoy their property for a month or so each year.

It is suitable for:

  • Frequent visitors who are interested in buying overseas but want to experience the resort or location before committing to whole ownership
  • People who would like to invest in property in several different countries or resort locations to reduce their financial commitment in a single destination
  • People who could afford whole ownership of a holiday home but would not use it sufficiently to justify a whole purchase
  • Buyers who could afford a cheaper second home but really want to spend time at a larger, higher specification holiday property

Arrange your Discovery Visit

Please refer also to our FAQ page for even more FAQs or visit our general fractional ownership page for Italy.

 

RealPoint Property Ltd.
Registered in England and Wales.
Registered Number: 4753346
Web: www.realpointitaly.com
Beverley, East Yorkshire, UK
Tel: +44 (0)800 883 0460 (free call within UK, standard UK landline rates for international calls)


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