Puglia Property Sales

Town Centre Property for sale in Puglia (Apulia), Italy.
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Ref Galatone - La Galatea

Introduction

Galatone is a small town with an interesting historical centre, only 6 km away from the magnificent Ionian sea. Well connected to the highway it is only 10 minutes away from the magnificent port of Gallipoli (the name originates from the Greek and means Beautiful City), 15 minutes from Lecce (named the Florence of the South), one hour from the Brindisi international airport.

In the heart of Galatone a project of fine restoration works is underway to bring back the splendour of this fine town. In the historical centre newly-restored town houses and apartments will also meet the demand for top-quality holiday accommodation. The Palazzo Carata di Ferraiis, built around a 16th century courtyard, and two other nearby buildings are the first fruits of this co-operation between private developers and the town council to restore the city centre.

At present there are three properties newly-available for purchase, under an agreement which will give owners agreed periods of use of the property BUT also guarantee a total return of 11% per annum on the capital investment and rental income, with an option to renew or cancel letting arrangements after three years.

Further properties are intended primarily for purchasers wishing to relocate to Galatea.

The properties have been restored and furnished to the highest standards. This is an unusual and significant opportunity to buy at the initial stage into a unique concept of town planning and development.

For more details of the project and the sale offer click here

For maps and pictures of the Galatone area click here
Reference Click for more photos and description Property Price (euro)
Properties with sale agreement including investment return guarantees
Il Giacinto Self-contained 1 bedroom apartment, 500 sq ft plus 600 sq ft of terrace. 133,000
Il Geranio 2 bedroom independent building on two levels, 1000 sq ft plus 250 sq ft of terrace. 220,000
La Verbena Independent 2 bedroom apartment 1000 sq ft plus 300 sq ft of terrace.. 240,000
Properties for purchasers intending to reside in Galatone
La Ginestra 1 bedroom ground floor apartment of 800 sq ft. 198,000
La Mimosa 2 bedroom apartment 1300 sq ft plus 600 sq ft of terrace. 314,000
La Lavanda 2 bedroom apartment 1300 sq ft plus 1120 sq ft terraces.. 334,000
Il Glicine 2 bedroom apartment 1300 sq ft plus 1440 sq ft of terraces. 415,000
Il Ficus 3 bedroom apartment on two floors, 1700 sq ft plus 1650 sq ft of terraces. 495,000
The entire development as an investment and business opportunity
La Galatea The complete complex including all apartments plus a club house/reception area in the Palazzo Carata- De Ferrariis. In total around 10,000 sq ft of building plus around 5,000 sq ft of terraces and courtyard. 2,709,000