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 properties in the form of a forward funding sale. This means that restoration 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 process.

  • The Novanta houses have a fully equipped kitchen, are furnished and maintained by the Next Level Real Estate design and maintenance team. (Furniture remains property of Novanta)
  • The land the house stands on is free of leasehold.
  • Next to the homeowner 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 homeowners are united in a rent-revenue-pool. The yearly ROI is based on the ownershipshare and the collective rental income that the houses make after detracting all relevant costs. 
Financial information

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 3-5% 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

1%

Contract commission

Registered rental contracts are taxed at 1% per party over the yearly rent. This is paid after the fiscal year has closed.

2%

Local tax

Local taxes to be paid account for 2%.

21,85%

Rental income tax

21,85% on profits under €15.000/year
25,65% on profits between €15.001 and €27.000/year.

22%

VAT in Italy

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

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.
  • Novanta will provide housekeeping (fresh linen and cleaning) for all holiday homes. The building team will also provide maintenance of the buildings, terraces, gardens, pools and communal areas and charges a fixed annual fee.
  • 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.
  • During your stay you can enjoy the Novanta Hotel facilities like the pool and hottub and take part of the activity experiences.

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.

GOOD TO KNOW

The financial advisors of Studio Bartolini can take care of your tax return for you!

Book a three-night stay for €375 and explore the houses and its surroundings. If you decide to buy a house your stay will be refunded!!

Come visit us before you decide and book your week stay for January/February/March with discount code ‘HOUSES15‘ for a 15% discount!

contact us