Date: June 2013

A RARE INVESTMENT OPPORTUNITY IN UMBRIA, ITALY

  • One completed property with its own vineyard - Villa San Benigno - €1,350,000
  • One ready to be completed property - Monte Nibbio - €3,200,000
  • Three properties available for development from €350,000
  • All five properties - €6,000,000

Monte Nibbio Estates announces the opportunity to purchase one or more properties comprising its rare portfolio of five historic buildings assembled over the past 15 years.

Villa San Benigno - ready for occupation
Iconic Umbrian view
Vineyard at Monte Nibbio
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Surrounded by iconic Umbrian countryside and located close to the historic town of Todi - approximately 30 kms south of Perugia and mid-way between Florence and Rome - the five individual properties offer a wide range of possibilities to the private owner or institutional investor.

While the smaller properties are perfect for development into private homes, Monte Nibbio and Villa San Benigno could potentially become a boutique hotel or spa.

The properties

Villa San Benigno - €1,350,000


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Conveniently located 2 kms from the centre of Todi, Villa San Benigno is a beautifully restored estate comprising a family home with five bedrooms, a three bedroom guest lodge and planning consent for four small villas, all within 18,000m² of land.

Originally a hunting lodge, Casa Padrone is the main house offering 500m² of family accommodation.  It has been fully restored, and comprises a master suite and four further double bedrooms, four bathrooms, a study, and the old wine cantina is now the drawing room with a feature stone fireplace.  Central heating and air conditioning have been installed.

The guest house includes three bedrooms, two bathrooms and a garage, while the estate also features a large swimming pool to the rear of the main house, a small vineyard which can produce up to 1,000 bottles of wine a year, an olive grove, walnut plantation and oak wood.

The estate was bought directly from the family who owned it for generations and then sympathetically renovated by the current owner.

Monte Nibbio - €3,200,000


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Monte Nibbio - or ‘the mount of the kite’, is the jewel in the portfolio with its provenance dating back to medieval Christian times.  Located in a hidden valley just 6 kms from the centre of Todi, the house offered sanctuary to returning Crusaders in the 13th century, and was a Benedictine convent in the 16th century.

The layout of this 1,000m² villa allows for two kitchens, four reception rooms, eight bedrooms, a library, wine cantina and cinema, and offers views from every front window across the surrounding olive groves and vineyards.

Full of historic features, exquisite detailing and completed to a high quality ‘builder’s finish’ - the typical Italian way of presenting such a home so owners can complete the property to their traditional or contemporary taste - it has the potential to make a magnificent family home or even a boutique hotel and spa.

Outside, the well-drained land extends to 35,000m², and would be perfect to create an exceptional landscaped garden.  The property also has planning consent for a guest house (300m²), a swimming pool and tennis court.

Casa San Giuseppe - €350,000


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The farmhouse is located just below the hamlet of San Damiano and about 4 kms from the medieval town of Todi.  It has planning consent for a 440m² villa with swimming pool to provide a superb family home comprising at least five bedrooms with wrap-around terraces from which to enjoy the beautiful and panoramic views across the valley.

The plans are for a country farmhouse look externally with the interior of a modern luxury home.  The property has power and water and was last occupied approximately 10 years ago.

Located on the side of an un-spoilt valley with uninterrupted views, the plot is approximately 15,000m² and surrounded by farmland, an olive grove and fruit trees.

Casa Todini - €400,000


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Casa Todini is a large derelict farmhouse sitting on the brow of a low hill surrounded by larger hills and with beautiful views of the Apennine Hills.  Discretely located at the end of a 3 kms driveway, it has planning consent for either one very large villa (600m²) with six or more bedroom suites, or two smaller villas of approximately 300m², each with its own pool.

The property is positioned on its own private hilltop with 360° panoramic views and accessed via an ancient country road that gently climbs the hill to the house, and affords views of the church of Santa Maria della Consolazione in Todi approximately 6 kms away.  The plot is 13,000m² laid out evenly from the top of the hill, and sits within the open countryside of the Cortesi Estate, one of the oldest estates in Umbria.

Borgo in Doglio - €1,100,000


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A ‘borgo’ is the Italian word for a small hamlet or farm community, Borgo in Doglio sits on the side of a hill looking down a valley of vineyards and forests about 15 kms from Todi.  It comprises multiple buildings including a main farmhouse, barns and outbuildings which were last occupied in the 1960s.  It has the potential to be a huge country villa, a community of smaller homes or a hotel on a footprint of over 1,200m².  It also has ample room for a swimming pool and tennis court.

Borgo in Doglio offers a blank canvas to the private individual or commercial concern that can see the tremendous potential that could be realised on such a large scale and with so many options, all within a beautiful and tranquil setting.

The tiny village of Doglio itself consists of some 50 homes, a shop and bar.  The estate is located down a narrow road approximately 3 kms from the village, and has views stretching for many kilometres up and down the valley.  The estate is adjacent to the vendor’s 12 hectare vineyard, planted in the last five years.

About Todi

The picturesque medieval town of Todi is within the province of Perugia in Umbria, central Italy, approximately 130 kms (1.5 hour drive) north of Rome, and 190 kms (2 hour drive) south east of Florence.  The nearest airport for European flights is Adamo Giuglietti Airport at Perugia, 45 kms away.




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Perched in a commanding position on a tall twin-crested hill overlooking the east bank of the River Tiber, this partially Roman and Etruscan walled town enjoys distant views in every direction.

Todi has some beautiful buildings and historical features including the Piazza del Popolo, the central people’s square on the site of the former Roman forum; the Duomo, started in the 12th century; the large 16th century church of Santa Maria della Consolazione, and Tempio di San Fortunato, another church built in 1292.

With a population of 18,000, Todi also serves as the nearest community centre for the Monte Nibbio Estates properties, while it also stages a number of events during the year including Carnevalandia, a large carnival festival held in February, an international ballooning competition in July, and the Todi Art Festival (art exhibitions, drama, opera, classical music, and ethnic music performances) in late summer.

About Monte Nibbio Estates

The portfolio of five properties now for purchase has been assembled over the past 15 years by businessmen and friends, Peter Mullin and Kieran Hedigan.  Both own homes close to Todi and will continue to remain in the area.

A successful Irish-American businessman, Peter Mullin is based in Los Angeles with interests that extend to reinsurance and financial services.  He has homes in the USA and in Europe but has a special fondness for his castello in Todi.  He is a highly regarded car collector and over the years has assembled one of the greatest collections of Bugattis which can be viewed at his own museum in California: www.mullinautomotivemuseum.com  (See separate, more detailed biography).

Kieran Hedigan first visited Todi in 2000 and has had a home there for over 10 years.  He divides his time between Todi, Qatar and the United Kingdom, and is responsible for the day-to-day management of the properties and their redevelopment.

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