Montescaglioso, Basilicata 75024

Reference: UAJM-T2767. Land With Monastery For Renovation For Sale In Montescaglioso Italy Esales Property ID: es5554463 Via Sant. Agata Montescaglioso Matera 75024 Italy Historic Monastery with Expansive Land for Renovation in Montescaglioso, Italy: A Unique Investment Opportunity Discover a truly exceptional opportunity to own a piece of Italian history with this expansive 23-hectare estate in Montescaglioso, Italy. At its heart lies an ancient monastery dating back to the 18th century, offering immense potential for renovation and development. This unique property, just 15km from the 'European Capital of Culture 2019,' Matera, presents a rare chance to create a stunning private residence, a boutique hotel, or a unique retreat. A Legacy of History and Natural Beauty: The estate encompasses a diverse landscape, including a private pinewood area, olive groves, and mature pine trees surrounding the monastery itself. This blend of natural beauty and historical significance creates a truly captivating setting. The Monastery: Awaiting Transformation: The monastery, spanning approximately 350 square meters across three floors, offers a substantial footprint for renovation. * Ground Floor: This level currently comprises a single large room, three smaller storage warehouses, and a spacious cellar. These spaces offer significant potential for conversion into various uses, such as a reception area, wine cellar, or additional living spaces. * First Floor: The first floor features a large living room with a kitchen and a fireplace, creating a warm and inviting atmosphere. This level also includes a separate room and a self-contained apartment with two bedrooms, a bathroom, and a kitchen. This existing apartment provides a valuable starting point for renovation and could be used as a temporary residence during the development process. * Second Floor: Mirroring the layout of the first floor, the second floor features a similar self-contained apartment with two bedrooms, a bathroom, and a kitchen, along with an additional room. Development Potential: A Vision of Possibilities: The monastery's existing structure and the expansive land offer a wealth of development possibilities: * Boutique Hotel: The monastery's layout lends itself perfectly to conversion into a charming 12 bed boutique hotel. The existing rooms and apartments can be transformed into luxurious guest suites, while the ground floor can be converted into common areas such as a reception, dining room, and lounge. The surrounding land provides ample space for creating outdoor amenities such as a swimming pool, gardens, and terraces, enhancing the guest experience. The possibility of creating six bedrooms and potentially six bathrooms is easily achievable within the existing structure, with ample room for further expansion. * Private Residence: The monastery can be transformed into a stunning private residence, offering ample space for a large family or those seeking a luxurious retreat. The existing layout can be reconfigured to create spacious living areas, multiple bedrooms and bathrooms, a home office, and entertainment spaces. * Retreat or Wellness Center: The tranquil setting and expansive grounds are ideal for creating a retreat or wellness center. The monastery can be converted into accommodation and treatment rooms, while the surrounding land can be used for outdoor activities such as yoga, meditation, and nature walks. * Agricultural or Agritourism Venture: The extensive olive groves and land offer the opportunity to develop an agricultural or agritourism venture. This could involve producing olive oil, hosting cooking classes, or offering farm stays. Strategic Location: Proximity to Matera: The property's strategic location, just 15km from Matera, adds significant value. Matera, a UNESCO World Heritage Site and the European Capital of Culture 2019, is a major tourist destination, attracting visitors from around the world. This proximity offers excellent potential for at