Property for sale in Abruzzo, Italy: castle in Chieti province

A superb old castle, this Palazzo Ducale dominates the village and the surrounding valleys with a 360-degree view that spans from the mountains to the sea in Abruzzo. It covers a full 2400 square metres over five floors.

The local administration, whichowns the building, is currently completing major restoration works to the structure of the building and is open to imaginative proposals for the use of the castle. A 99-year free lease (with option to buy at the end of the lease) is available to those who would complete the refurbishment of the castle in view of utilising it for tourist and cultural initiatives, perhaps combining activities such as hotel, conference centre, museum, residential apartments.

The local administration would also consider selling the whole complex, at a price to be agreed, matching at least the cost of restoration and maintenance they sustained in recent years. Public finance (national and regional) is available to contribute to the cost of renovation. The local administration is very flexible and open to discuss this proposal: their main interest liesin bringing new life to the area and the local community.

The village surrounding the castle currently has only 900 inhabitants, the village itself is very interesting from the architectural point of view and in good general condition.

The area is very accessible, well served by motorway and airport, close to both spectacular mountains with winter sports facilities and the sea, rich in natural and historical places of interest and not yet exploited for tourist activities, despite being close enough to Rome.

This property for sale in Abruzzo, Italy is in Carpineto Sinello (CH). For more information click the 'Contact this Property' link.