Palazzo In Need Of Restoration, With Garden, In The Historic Centre Of Cortona

Located in the historic centre of Cortona, this palazzo, complete with garden and courtyard, is one of the few city palaces of its size that remains fully intact. Unlike many comparable properties, the building has not yet been divided into individual residential units, thus offering a rare opportunity to acquire a cohesive historic property with a wide range of development prospects.

Based on a restoration and utilisation concept, the palazzo is particularly suited to conversion into a high-end hotel project or a stately family home. The size of the building, the existing outdoor areas and the central location within the old town create the conditions for the creation of a hotel with up to 19 guest rooms and a level of comfort that is currently unmatched in this form either in Cortona’s historic centre or in the immediate region. The combination of a historic ambience, a private garden and spacious layouts offers the opportunity to develop a unique hotel concept with a clear point of difference.

The majority of the building dates from the Renaissance, whilst individual structural elements in the basement point to older, medieval origins. For several centuries, the Palazzo was owned by prominent Tuscan families, including the Laparelli family, who have played an important role in Cortona’s history since the Middle Ages.

Inside, the current floor plans and fittings largely reflect the alterations carried out in the 1960s, including the restoration of the external façades. A distinctive feature is the use of Pietra Serena in the portals, window frames and cornices, which is typical of the stately town palaces of Tuscany.

A further advantage of the property, which should not be underestimated, is that the building is not listed. This allows for greater flexibility in future planning and restoration work, naturally in compliance with applicable building regulations.

Cortona, a town of Etruscan origin, is one of Tuscany’s most famous cultural and tourist destinations. The historic old town, its location between the Val di Chiana and Lake Trasimeno, and the town’s international reputation have ensured high tourist demand for many years. Against this backdrop, the Palazzo offers the opportunity to reposition a historic property with development potential in one of central Italy’s most sought-after destinations.

Distances: Centrally located, a stone’s throw away from the main square and within walking distance of all amenities and historic sites, Camucia train station with direct trains to Rome and Florence 3 km, Castiglion Fiorentino 10 km, Lake Trasimeno 13 km, Arezzo 27 km, Montepulciano 30 km, Perugia 45 km, Siena 70 km, Florence 100 km, Rome 195 km. Airports: Perugia 59 km, Florence 123 km, Rome Fiumicino 230 km.

Equipped with: Electricity, mains water, gas connection, roof-deck, garage, terrace, garden.

G total energy performance: >175 kWh/m²*a

Buyer’s commission: 3.66% (3% plus 22% VAT) of the purchase price.

Property M3699