Categorized | International

Island Near Venice Goes Up for Sale

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The world’s wealthy investors have been presented with a rare, and incredibly attractive opportunity, as an island located near Venice has been put up for sale. Rarely does an opportunity like this one come up for real estate investors around the world. The island, known as San Spirito, is more than eight thousand square meters in size. Roughly half of the island already has historical structures.

The island is listed at a price of twenty-eight million pounds, and is being marketed by Colliers International. Real estate experts believe that whoever buys the island will not do so to have an incredibly private getaway residence, but rather to invest in residential and commercial properties. They believe that a luxury hotel resort may be one of the first structures built on the island after it is sold.

The potential owner of the island would have an very unique opportunity in that they’d be able to essentially do anything that they’d want when it comes to constructing properties on the island. The island definitely serves as an attractive option for wealthy investors, both domestically and internationally. High-end prime properties are in demand in Italy, and this island certainly fits that bill.

Furthermore, the island is very conveniently located about ten minutes away from the mainland by boat. It also has a strong historical background, as it once served as the seat for a monastery. It was also where many royal families, nobles, and diplomats would go for relaxation and enjoyment.

The current owners of the property have spent much time working on restoring the historical buildings. It is likely that the new owner will do the same, though they are also expected to also build more modern hotel and residential structures on the island.

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About Nancy Raven

Nancy is the main writer for the International section of the website. Sometimes she also helps Drew out on the Finance/Mortgage section as well.

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