The project

5 reasons

to not buy a house in the the Gello valley by Mart Hijmans, founding partner

carefree Investment

How does it work

The houses at Castello and Borgo are for sale to private buyers and the Novanta Hotel in Borgo di Gello will manage and rent out these holiday homes.
There are two types available. Almost turn key ready houses and proporties in the form of a forward funding sale. This means that restauration of an old house, based on the design of the Novanta architect-team, starts after signing the sale contract. Deposits will be done during construction that finance the building proces.

  • Next to the houseowner enjoying his or her stay for 8 weeks in a year,  the Novanta Hotel will manage maintenance and rents the house to their guests.
  • The houseowners are united in a rentpool. The yearly ROI is based on the ownershipshare and the collective rental income that the houses make after detracting all relevant costs. 

Be part of the revival

We restructure old farmhouses and barns, rebuild pathways and terraces, plant fruit trees and revive the ancient gardens to fill the village with life once again.

Hassle free ownership

You own your home, Novanta manages the property, cleans, maintains, gardens, manages, markets and rents it out!

Return on investment

We strive for 4-6% annual return because Novanta is well booked in both low and high season! The houses are for sale as from €3.000,- per square meter, including notary+ transfer costs.

Local + Authentic

We design the houses with local wood, stone and terracotta - the luxury of simple things.

Home / Hotel

Stay in your own home and enjoy the facilities of Novanta Hotel. Community, restaurant, bar, pool, massages and experiences, to name just a few.

Holiday with friends

Enjoy your home in Tuscany with friends and family for 2 weeks per season.

Interesting numbers:

22%

VAT in Italy

In some countries the VAT paied for the construction of your house is deductable.

21,85%

rental income tax

on profits under €15.000 per year up to 25,65% between €15.001 and €27.000 per year.

16,67%

Share

As owner of 1 of 7 equal sized property.

1%

Contract commission

The houses are...

2%

local tax

??per year for profits under €15.000 in 1 year. Up to 25,65% between €15.001 and €27.000.?

€15.070,-

revenue example

In this example NLH receives 30% of 140.700,- which is 42.210,- and the owners receive total net income of 98.490,-. As owner, aving a 16,67% share (1 of 7 equal sized apartments) you receive 14.070,- plus the base rent of 1.000,- which is 15.070,- of revenue in this example.

Novanta Collab

Enjoy your property, make your money work for you and let us take care of the rest! 

 

  • As the owner of the house you are welcome to stay 8 weeks/year in your property (2 weeks/quarter). You only pay a cleaning fee.
  • The rest of the year Novanta Hotel will rent your house to its guests and will manage your investment.
  • Owners can book their stay in advance, from October onwards for the following year.
  • As an owner you may also gift your stay to family or friends. If you don’t stay during the summer we’ll award you an additional high season availability fee of €250,-/week.

Check out the document below and you’ll find an explanation of the services, cost and income for the houses, an infographic and a few examples of the calculations of income, cost and revenue.

Financial information

Tip
The financial advisors of Studio Bartolini can can take care of your taxreturn for you!

contact us