Beautiful Restored Mill in Northern Tuscany, Italy: An Exceptional IPIN Endorsed Rental Investment
(PRWEB) June 29, 2007 -- The International Property Investment Network (http://www.propertyshowrooms.com/IPIN/) (IPIN) is now offering its investors an interesting Italian buy-to-let investment opportunity at The Old Mill, Bagni di Lucca, in the heart of the Tuscan countryside. This charming complex of beautifully restored apartments form part of a 19th century water mill and, due to their tourist location and great novelty appeal, they are set to attract great interest from tourists and investors alike.
The Old Mill, Bagni di Lucca (http://www.propertyshowrooms.com/IPIN/10650/The-Old-Mill.html) (Units from only 100,900 EUR)
The Freehold units comprise a total of 45 charming studios, 1 and 2 bedroom apartments and duplexes, with surrounding communal gardens and swimming pool. The Old Mill is to be restored to incredibly high standards and includes mod cons such as air conditioning, while boasting typical Tuscan style features; terracotta ceiling tiles, original stone walls and wooden beams are amongst its best assets and the building is protected under the "Belle Arte," ensuring all original features are fully restored. The Mill sits in a tranquil and beautiful spot on the banks of the River Lima and is surrounded by lush woodland, hills and winding streams.
An Ideal Holiday Rental Location
Think of holidays in Italy (http://www.propertyshowrooms.com/Italy/property/investment/why-invest-in-italy-property.asp) or read any Italian holiday brochure and one of the first locations that springs to mind is Tuscany and its charming lakes. In fact Tuscany is one of the most visited regions of Italy due to its stunning, authentic beauty and the opportunity to relax in a destination far removed from the usual package holiday resorts.
Apart from the local thermal spa facilities, the beaches in and around Versilia, the ski resort at Abetone and the chic city of Pisa are all within 45 minutes drive of the Bagni di Lucca and collectively add to the enormous tourist appeal of the Tuscan region (http://www.propertyshowrooms.com/Italy/guide/Italy-area-guide.asp). The Old Mill could not be better located for buyers seeking a strong, reliable year-round holiday rental market and an established tourist trade to serve their investment. In fact strong holiday rental yields of around 5% are expected from this particular investment option and the development even offers a marketing service to help owners rent out their properties.
Mark Wilson, Italian specialist Portfolio Advisor at IPIN is convinced, "These units will not be available for long; they are a highly attractive option for everyone, from holiday homebuyers to serious buy-to-let investors and in such a sought after location as Bagni di Lucca in Tuscany, we are convinced they will help supply an ongoing demand for tourist accommodation in the area". A new road link to Lucca (23 kms) is under construction and Pisa airport (45 kms), currently under expansion, receives daily flights from the UK and Ireland (http://www.propertyshowrooms.com/italy/guide/travelling-to-italy.asp). All these factors also clearly indicate that carefully selected properties in Tuscany, such as The Old Mill, offer excellent buy-to-let investment potential.
Restoration is well underway at The Old Mill and completion is due within 12 to 18 months. Due to the fact there are only 45 units available in such a highly sought after project, investors are now acting fast to secure their desired units.
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