Balsorano, L`Aquila, Abruzzo, Italy

Casale Ridotti (ref: 390) is a three storey freestanding home with a private courtyard, a garden, a large garage and 3,700 sq.mt. of adjoining land to the rear of the property. The location of this house means that an overseas buyer who becomes resident in Italy could benefit from the 10 year worldwide 7% flat tax rate offered to foreigners moving to selected smaller towns in central and southern Italy.

This home, an old farmhouse with a more modern upper extension, is configured:
* with an first floor (the principal level) in good and habitable condition, albeit with the need for some general renovation; and
* with the orginal ground floor, which retains the original finishings of the old farmhouse and is for restoration although structurally in excellent condition; and
* three attic rooms, not classified as habitable.

The layout of the first floor includes
* a large entrance hall, opening into a kitchen with an open fireplace and access to a lovely terrace,
* a living room also with access to the terrace,
* a wide corridor leading to the three spacious double bedrooms and the bathroom,
* a stairwell communicating with the ground floor and the attic, ending with a large balcony.

The ground floor (which also has its own independent street entrance) is made up of four large rooms, one of which has an open fireplace, all to be restored, a hallway and a 30 m2 garage.

On the second floor there are attics with three rooms totalling 100 m2, having a minimum floor to ceiling height of 1.40m and a maximum height of 3.10m.

The property includes a large porticoed area measuring approximately 25 m2, a private courtyard (also a possibility for external car parking) and an attractive garden. The appurtenant land behind the property adds a further 3,700 sq.mt. (approximately).

The utility systems need upgrading: the electrical system is in good condition but was compliant with the building codes at the time of installation; the central heating system was powered by a diesel oil boiler, now no longer in use. The windows are single-glazed and wood-framed with shutters and iron anti-intrusion wrought-iron grills, also giving access on to the terrace.

The property is located in the small town of Ridotti, with excellent road access being near the Avezzano/Sora highway junction and on the state road towards Balsorano.

BALSORANO is a charming historic town in Abruzzo, famous in particular for its 15th century Castello Piccolomini.

Foreigners who elect to buy this home and become residents of Italy nominating this property as their principal residence should qualify for the 7% flat tax rate on all their worldwide income for the first ten years of ownership.

VIA ROMANA Srls and CASE & CASALI REAL ESTATE AGENCY

Via Romana Srls is an Italian-incorporated company owned by a British/Australian Chartered Accountant and her photographer daughter, and offers a package of services to facilitate all aspects of the purchase and restoration of Italian property by overseas clients. The Via Romana team works in collaboration with various fully-licensed Italian real estate agencies including Case & Casali Real Estate Agency represented by Sig. Ciro Tomei. Sig. Tomei has been enrolled in the register of real estate agents at the Chamber of Commerce in Frosinone, Lazio since 2007, his agency is one of the largest and most highly-regarded real estate agents in the area and he has much experience in the international marketing of Italian real estate.