#7525 • Medici Family 54,880 Sq. Meters Ocean Front Land

Part of Italian Real Estate of the De Medici Family (timed auction by GWS Auctions)

Starting at $1.00

Status: No sale

Est. $11,000,000-$12,000,000 Medici Family 54,880 Sq. Meters of Exclusive Ocean Front Land (Only Land of This Type in Italy W/Permission to Build) Located in Calabria, Italy - The land is located in the tourist village of Villagio Del Golfo, at: Strada Statale 18 Tirrena Inferiore, 88047 Nocera Terinese CZ, Italy. This beautiful ocean front land has been owned by the Royal Medici Family of Italy since 1972. The land is located in Calabria, and is the only land on the beach in Italy with permission to build, as in Italy you are required to build at least 600 meters from the shoreline, and the Medici royal land has the only license to build on the beach. The land is composed of 54,880 sq. m, where 40,982 sq. m are land where building is possible, including residential, commercial, hotel, sports facilities, etc. In addition, there are also approved plans for a possible restaurant and for a hotel. The remaining 13,903 sq. m is area near the sea and service area, and the rest of the land is access to the road and parking. This is truly an investor's dream, as the possibilities are nearly endless and this is a stunning and prime location. This land is located just 6 miles from the international airport of Lamezia Terme, from which there are flights from Telaviv, Canada, New York, Moscow and London every week. Next to the land is a structure being built which is going to be a hotel residence, which is also owned by the Medici family. This is a once in a lifetime opportunity, as this land is the only one in Italy of such a space on a private beach. Medici Family 54,880 Sq. Meters of Exclusive Ocean Front Land (Only Land of This Type in Italy W/Permission to Build) Located in Calabria, Italy - The land is located in the tourist village of Villagio Del Golfo, at: Strada Statale 18 Tirrena Inferiore, 88047 Nocera Terinese CZ, Italy. This beautiful ocean front land has been owned by the Royal Medici Family of Italy since 1972. The land is located in Calabria, and is the only land on the beach in Italy with permission to build, as in Italy you are required to build at least 600 meters from the shoreline, and the Medici royal land has the only license to build on the beach. The land is composed of 54,880 sq. m, where 40,982 sq. m are land where building is possible, including residential, commercial, hotel, sports facilities, etc. In addition, there are also approved plans for a possible restaurant and for a hotel. The remaining 13,903 sq. m is area near the sea and service area, and the rest of the land is access to the road and parking. This is truly an investor's dream, as the possibilities are nearly endless and this is a stunning and prime location. This land is located just 6 miles from the international airport of Lamezia Terme, from which there are flights from Telaviv, Canada, New York, Moscow and London every week. Next to the land is a structure being built which is going to be a hotel residence, which is also owned by the Medici family. This is a once in a lifetime opportunity, as this land is the only one in Italy of such a space on a private beach. The notary who will be handling the closing of this property is: Dott. Sebastiano Panxarella, Lamezia Terme CZ, Italy, Phone: 01139 0968 433294 (from the U.S.) If you are not an Italian national and have any questions regarding the purchase of international real estate, please call our attorney liaison: Antonello Pierro, Phone: 01139 348 7641710.