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 Puglia

Fractional ownership in ItalyPinelli Estate Puglia is outstanding in every way. Realpoint Property has been awarded the exclusive right to sell Pinelli Fractional Properties throughout Italy, and the estate in Puglia currently consists of La Vecchia Masseria, other outstanding properties in Puglia are in the  pipeline.

La Vecchia Masseria is a prestigious 18th Century property which has been restored to a luxurious standard. This beautiful property has 5 en-suite bedrooms, a guest suite Lamia, a sumptuous garden and a wonderful pool. The property is set amongst olive trees, almond trees, fruit trees and a vineyard.

The masseria is situated 3 km from San Vito Dei Normanni, 10 km from beautiful Adriatic beaches and 17 km from Brindisi airport.

Discover more about the location of Pinelli Estate Puglia

Great care was taken with the restoration to ensure that the original features such as the vaulted ceilings were preserved whilst at the same time providing all that is necessary for modern living.

Externally, La Vecchia Masseria has been extremely well designed to maximise outdoor living. There is a large swimming pool (6 m x 14 m) with a separate sunken Jacuzzi area, a vine covered pergola for al fresco dining with a large pizza oven nearby, and an elegant walkway covered in bougainvillea and jasmine which meanders through the garden. The gardens are maintained by the irrigation system and water from the artesian well, and lighting illuminates the grounds beautifully.

Pinelli Estate Puglia -  offering luxury living at a fraction of the usual cost.

Collective Ownership at Pinelli Estate Puglia

Fractional Ownership at the Pinelli Estate Puglia ItalyLa Vecchia Masseria is 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.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 165,000, you will enjoy 4 weeks exclusive annual residency in your own home.

All owners enjoy the same benefits, and all repairs and maintenance are conducted in one 2 week period every year.

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

 

 

The Masseria is fully managed and includes:   Fractional Ownership at Pinelli Estate Puglia Italy

  • 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.

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. 

Advantages of Collective Ownership

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

Properties of the Pinelli Estate in Puglia

La Vecchia Masseria is the flagship of the Pinelli Estate in Puglia  - set amongst groves and just 3 km from the historic town of San Vito dei Normanni, 10 km from beautiful Adriatic beaches and 17 km from Brindisi airport.

La Vecchia Masseria in PugliaLa Vecchia Masseria is the first property in Puglia to be secured under the Pinelli Estate purchase programme. This has been designed to offer buyers a wider selection of properties as the Pinelli Estate brand expands throughout Puglia and Italy.

Make sure that you keep on our mailing list to keep updated about the latest additions of fractional property in Puglia.

La Vecchia Masseria has been extremely well designed to maximise outdoor living and includes a large swimming pool and separate sunken Jacuzzi area, a vine covered pergola for al fresco dining and much more.
Find out more about La Vechia Masseria...

 

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 to Puglia

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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