Development For Sale Osimo Ad:954794

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Italy > The Marches > Provincia Di Ancona > Osimo

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€275,000

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Development
For Sale
Osimo
Italy

The best of 2 worlds: seclusion
by sitting on a higher ground,
yet minutes from shops, banks
and services. The city center is
7min by car.
Located on the outskirts of the
hilly town of Osimo (pop.
35,000), the property is
positioned on the direction to
the main commercial centers,
and 7 min to the highway A14
(Ancona Sud).

15 minutes from the beach and
close proximity to the regional
capital of Ancona, with an
airport and with many historical
towns nearby.

The area is known for its
cuisine, wines and seafood.

The perfect investment as the
property could be divided into
separate living areas with a
3,000 sqm of fenced garden.

With renovations approved, the property could generate over 400 sqm of living areas!

As the property is located in a earthquake prone area, there are several options to secure state incentives through discount to the builder/contractor.

While not based on a full-fledged project, informed estimates from a trusted local contractor place the construction costs to range around 500 to 700 thousand dollars. This would include full power autonomy through solar + inverters, parking for e-cars, floor heating, superior finishing. The entire project would take 12-18 months, depending on the architectural design.

Against this amount, it is realistic to receive state incentives amounting to 2/300 thousand.

If you sum this all up, with a total investment of 700,000, you would own a plot of 3,000 sqm, an Italian country house of close to 500 sqm, great view and privacy, yet close to services and places of interest.

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