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Palazzo For Sale!

Location: Basilicata

Asking price: 50,000

A lady in my village is selling her portion of an historic palazzo! Price slashed to only 50,000!

Half of a palazzo that dominates the hilltop is for sale, a unique opportunity for someone who is looking for a tourism-related investment or wants a large home with guest quarters to restore.

This once-noble residence needs work (of course, at this low price) but estimates are for 130,000 or so make it nice again. Roof, doors and windows are the major investment points needed. Two courtyards, a small garden, and a stone-hewn cantina, which still retains the stone crushing vat, are part of the property.

Divided in a way that it could make 3 to 4 guest apartments or suites, it could be a great investment for someone wanting to start a tourism business. Its location in central Basilicata gives it an advantage for travelers wanting a homebase to explore the region from, as most of the sights are reachable within 1.5 hours.

This property is for sale by owner; I’m posting in English as a service to her to try to reach a wider audience.

There are incredible views from every window and balcony.

You can contact me at vgfortney@gmail.com; if you speak Italian I can then put you in touch with her local contact or will act as your English-speaking go-between. Valerie Fortney

Submitted September 13th, 2015 by Valerie Fortney
Category: Housing and Real Estate