Real estate for sale in Abruzzo, Italy: castle for sale in Pescara province

This real estate for sale in Abruzzo, Italy is in Vicoli, in Pescara province. An old castle, on three storeys, plus watchtower, awaits its new owner.

On the southern bank of the Nora river, within the lush vegetation of the river park and in a dominating position facing the valley, the ruins of old Vicoli are made up of a few houses and the antique castle which dates back to the 9th century.

The area is part of a recent investment made by the Mountain Community, which has urbanised the Borgo Square and the recreational areas along the path from the centre to the river. Thanks to the latter, to the Comune of Vicoli and to the local property owners, whoever wishes to develop and add value to the historical and architectural heritage of the area will have a broad opportunity and support. In fact, the local authorities are keen to favour the restoration of the antique borgo and specifically of the castle (which they own).

The restoration and financial projects, which are responsibility of the investor, will procure the following benefits:

1) Management (at no cost) of the castle.

2) Free plots of land within the borgo with the possibility of restoring/rebuilding the existing houses to a total of 3100 square metres. The latter plots of land are surrounded by lush spontaneous river vegetation and offer a spectacular view.

3) The possibility of purchasing (as a block sale) existing private properties, in various states, that can be let as vacation homes.

The borgo is some 30 minutes from Pescara airport and is easily reachable via normal communication routes. In general, the area of the High (Alto) Pescarese is being discovered and is exciting the interest of national and international investors and could therefore hugely increase in value.

Vicoli (PE) is 35km from the Adriatic and its beaches, and 10km from the mountains. Pescara airport, with frequent Ryanair flights back to London Stansted, is just 33km away.

For more on this house for sale in Abruzzo, Italy, click the 'Contact this Property' link.