The property
The noble floor of Palazzo del Diavolo (Ardito) and the wing assigned to the servants: it’s an “unique” piece with the flavour of time and beauty
It’s a palace of the end of the XVI century, in pre-baroque style, located in the historical center of Parabita (in the Salento area)
Ceilings of the noble floor are 5,65 m high
All ceilings are Leccese vaults (star shape)
Walls are one meter thick
The four large windows of the noble floor and the two main gates are surrounded by valuable stone frameworks (gargoiles)
Each room has its fire-side
The harmonious whole of the rooms, the couryards and terraces develops on four different levels, providing a fascinating effect of movement and concentration at the same time
 
The opportunity
It’s an investment in high quality of life at low cost and with excellent perspectives of revaluation

The investment
Property acquisition: E 120.000
Restoration works: E 120.000
Project Management: E 70.000
Total investment: E 310.000

Surfaces
200 sm interiors
120 sm exteriors, including: two courtyards, three terraces, one balcony 
 
Conditions
The property must undergo a complete conservative restoration
 
Interiors after the conservative restoration
Three bedrooms, one dining room, one sitting room, one study, one kitchen, four bathrooms, one laundry/cellar

The project of conservative restoration
The project has been conceived by Piero Cappelli, architect and designer in Milano
The project has been approved by the Italian Authority for monuments preservation
The building company has been selected
Restoration works will take nine months

Project Management
The Project Management takes care of the “turn key” implementation of the conservative restoration project and it’s all-inclusive: design of the general restoration project, licences from the local Authorities (Ministero delle Belle Arti and municipality), restoration works’ contract specifications, selection of the construction company, negotiations of the contract with the construction company, detailed executive project, design of building and decorative details, restoration works management, full legal, insurance and fiscal assistance
 
Prices and revaluation perspectives
Only quite recently Salento has started to be “discovered”, and it’s still possible to acquire “historical” houses of great architectural value at a highly competitive price in comparison with the prices in other parts of Italy, Spain or Portugal; the medium-term perspectives of revaluation are therefore very interesting
The opportunity window, though, will not last long time:historical houses are a very limited number by definition

Parabita
It’s a quiet and tidy village of 10.000 inhabitants
From Parabita the whole Salento area is within easy reach: the Ionian sea (Gallipoli) is just 10 km away, the Adriatic sea (Otranto) 35 km, Lecce 36 km, Santa Maria di Leuca (the extreme southern cape, between the Ionian and the Adriatic sea) is 30 km 

Salento
Salento, the extrem southern part of Puglia, it’s surrounded by two seas: the Ionian and the Adriatic sea
The country is mainly covered with olive groves and vineyards
Very high quality of gastronomy
The local culture has absorbed an impressive sequence of different contributions, as a consequence of the civilizations that have followed in the centuries, from the ancients Messapians to Magna Grecia, Rome, Byzantium, Hohenstaufen, Anjoux, Spaniards and Neapolitan Bourbons
In conclusion, it’s a wonderful area because of the Mediterranen synthesis of nature, history, culture, weather, gastronomy and kindness of the people

Advertiser contact details
Name: Alberto Scherillo
Email: Contact the Advertiser
Ad Ref: 7408