A Unique Co-ownership Opportunity in a historic Italian Palazzo Please read the description below to discover how you can own part of the freehold of this stunning Palazzo, currently being beautifully restored.
Palazzo Maratea is steeped in history and located in the heart of Campagna - a picturesque village with its historic river flowing through its center, near the Picentini mountains.
Surrounded by endless countryside, hiking trails, and nature parks, the property is within easy reach of the thermal springs of Contursi, the Cilento Coast, and its sandy beaches, allowing you to explore southern Italy's changing landscape at any time of year.
The property restoration is in the final stages. It will be entirely restored in an elegant yet comfortable design, bringing this noble property back to life with the chic elegance that today's discerning buyers seek.
Freehold for a Fraction of the Cost
Here at The Pinelli Group, we successfully procure and refurbish properties in beautiful locations throughout Italy to an exceptional standard. Our immaculately restored, and exceptional properties are sold through fractional or collective ownership.
We carry out the property maintenance and all that goes with it. We arrange the payments of any taxes and insurance while fully managing the properties in your absence, taking care of all the stress so you can simply turn up and enjoy your vacation immediately.
In effect, you pay proportionately for what you use by splitting the final yearly costs with your co-owners. All the fun and all the enjoyment for all of the time, for less hassle and fewer costs than you would carry if you were to purchase an outright property.
We at The Pinelli Group are always on the lookout for historically appealing properties that are far enough away from the over-saturated tourist trails but where you can immerse yourself in the local community, food, and festivities.
With successful renovations and sell-out properties, we are looking to launch our newest venture: Our Pied-à-Terre collection of luxury serviced apartments in Campagna.
How the Property Will Look When Finished
Walking through the beautiful large wooden doors to the entrance sits a zen-like garden space. A stone staircase leads a few steps up to a fully-equipped laundry room, then to three spacious luxury-designed serviced apartments over the next two floors. With a light and natural palette, the open living, dining, and kitchen areas will be sumptuously furnished in a chic style that marries sophistication with comfort through beautiful fabrics and furniture.
- 1 one-bedroom apartment:
- First floor apartment priced at €49,000 for 1/12 share
- Open-plan living, dining, and kitchen area
- A large main bedroom with a private ensuite bathroom
- Juliet balcony
- There are x2 two-bedroom apartments:
- Second-floor apartment priced at € 55,000 for 1/12 share
- Open-plan living, dining, and kitchen area
- A large main bedroom with a private ensuite bathroom
- Guest suite
- Guest bathroom
- Third floor larger two-bed apartment priced at € 59,000 for 1/12 share
- Open-plan living, dining, and kitchen area with two Juliet balconies
- A log fireplace in the lounge area
- A large main bedroom with a private ensuite bathroom
- Small outside terrace with garden furniture
- A guest bedroom
- A guest bathroom
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The Palazzo apartments are due to be completed by the fall of 2023The Location
This historical Palazzo is located in Campagna, which dates back to Roman times under Emperor Augustus, in the region of Campania and close to Salerno in Southwestern Italy. The Palazzo is situated in the historic center and just a few minutes walk from the main square and its coffee shops and bars and restaurants.
Campagna is easily accessible and a superb location for those seeking to enjoy the delights and charms of the authentic South of Italy. Nearby towns and cities include Eboli, Contursi Terme, Senerchia, Olevano sul Tusciano, Postiglione, and Serre.
Palazzo Maratea is not far from the UNESCO World Heritage site at Paestum - the location of three incredibly preserved Greek Temples and an archaeological museum and a beautiful street lined with cafes and restaurants. Campagna is just over one hour's drive from Naples International Airport and under 20 minutes from the new Salerno - Amalfi Coast Airport, scheduled to open in 2024. And only 15 minutes from the main autoroute that connects Rome with Sicily.
Co-ownership at a Glance
Palazzo Maratea is being offered for sale
as a fractional ownership agreement. This model allows an easy way to access our ultra-luxurious properties for less. It will be restored to a luxurious standard by
fall of 2023 .
The Pinelli Group makes luxury high-end properties accessible through
fractional ownership. This proven model is
not timeshare . With fractional
ownership , you will
own an equal share of the freehold property and equity and only pay proportionately for what you actually use, sharing the annual running costs with your fellow co-owners.
Co-ownership, or Fractional Ownership , is ideal for people who are drawn to the idea of owning a vacation home but don't necessarily have the time to enjoy longer stays in the property throughout the year. The concept allows owners to
enjoy all the upsides of owning a luxury property, with plenty of space to welcome extended family and friends, but without the higher price bracket.
Through co-ownership, a property is co-owned by several shareholders, each of whom owns part of the equity and freehold of the property.
Each shareholder is entitled to
FOUR weeks a year of exclusive use of their Palazzo apartment. Owners can enjoy extended annual stays at the property by purchasing multiple shares. Furthermore, owners can choose their preferred weeks each year via a fair rotation calendar to provide flexibility of occupation for each and every shareholder.
The Many Benefits of Fractional Ownership with Pinelli Includes:- Greater value for less money - Get more value for your property investment and access high-end luxury properties within your budget.
- Economic sense - Only pay for the time you will realistically use and make a return by renting out any unused weeks.
- Reduced running costs - Only pay for your share of maintenance and upkeep.
- Hassle-free - Enjoy a property that's fully managed, secure, and taken care of for you. Arrive in your beautifully maintained, sparkling, clean property with freshly laundered linen, and enjoy!
- A personalized experience - Personal belongings, including photos, paintings, and ornaments, are safely stored on-site and returned to your preferred areas of the house before your arrival.
- An appreciating asset - Earn financial yield through any capital appreciation of your asset. Equity share is fully transferable, saleable, and willing.
Co-ownership will not suit everyone. We invite you to leave your details in the form for further information on our fractional ownership opportunities and to discuss whether this unique investment makes sense for you and your family.
Price and further information
The Pinelli Group offers these exceptional apartments through its fractional ownership program
from €49,000 , giving each shareowner FOUR weeks of exclusive and private use per year.
There is no restriction on multiple shares, thus multiple weeks of ownership and exclusive usage.
If you are interested in a beautifully restored pied-à-terre in this hospitably warm part of Southern Italy, we invite you to register your interest in becoming one of our privileged owners, each sharing the ownership of this historic building and also sharing the annual running and management costs.
