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Flat 700 м² in Siena, Italy

1 637 425 $

2 339 $ /м²

4Oi3G
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Area

700 м2

Year of construction

1600

Flat . City - Siena

This splendid renovated palace is located in the heart of the historic center of Montepulciano.
Currently used as offices, it is arranged over 5 levels including the basement and partially accessible attic spaces.

Access is from the ground floor through an entrance hall, where the current concierge area is also located, leading to the staircase and the elevator serving the first and second floors.
On this level there is a service bathroom and stairs descending to the basement, which is used as an archive and technical room.

The first floor features a spacious conference hall, a waiting room, 4 offices, 2 bathrooms, a technical room, a storage room, and a large panoramic terrace offering breathtaking views over the Valdichiana and Lake Trasimeno.

On the second floor there is a waiting room, 5 offices, a meeting room, 2 bathrooms, a roof terrace, and an additional terrace overlooking the valley.

A spiral staircase leads to the partially accessible attic spaces.

Services and facilities

Air conditioner

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 637 425 $

Characteristics

Air conditioner

FAQ

In Italy a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Siena; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Italy finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Italy takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Siena short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (1 637 425 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Siena: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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