private mansions with terrace for sale Montepulciano, Italy

Charming Historic Palace of approximately 740 square meters in total, located along via di Gracciano nel Corso in the heart of Montepulciano's Historic Center. DESCRIPTION The palace, dating back to the 1600s and registered with the Fine Arts Department, spans three floors, plus cellars and an attic that is partially habitable. On the ground floor, facing the street, are three commercial spaces, each with a separate entrance, totaling 187 sqm. Access to the property on the first floor is via a main entrance along the main street, but there is also a secondary entrance next to the garage that leads to the apartment on the top floor. Currently, the first floor features a professional office, easily convertible into a residence as it was previously an apartment, measuring about 220 sqm and overlooking both the street and the church side. The top floor hosts the noble apartment and the attics, totaling approximately 290 sqm, including 3 bedrooms, a study, a large entrance, a kitchen with pantry, two bathrooms (one of which en suite), and a small terrace in the master bedroom. The property is completed by a garage of around 40 sqm, cellars, attic, and technical rooms. CONDITION AND FINISHINGS The property, especially the apartment on the top floor, requires some modernization works such as upgrades to systems, windows, and roof inspection. The apartment on the first floor, currently used as an office, is in generally good condition. USAGE POTENTIAL The property offers excellent versatility and is a good investment thanks to the rental income it generates. It has high potential as a private residence, holiday home, or short-term rental for the noble apartment. The entire palace could also be converted into a luxury hotel after appropriate restoration. LOCATION AND LIFESTYLE Montepulciano, a medieval and Renaissance town nicknamed the Pearl of the 1500s in the province of Siena, is characterized by prestigious palaces, splendid churches, and charming alleyways. From Montepulciano, it is very easy to reach the characteristic towns of Pienza, Cortona, and the unique and suggestive Val d'Orcia. The apartment also benefits from proximity to major roads: the Val di Chiana motorway interchange (A1) is only 16 km away, Chiusi station approximately 25 km, Perugia airport about an hour by car, and Florence approximately 120 km. Other nearby points of interest include Lake Trasimeno, reachable in 40 minutes, Siena about 66 km away, and Florence about 113 km away.