Overseas property

Catabbio, Grosseto, Tuscany, Italy

• Low-rise development of 1-bed apartments in village of Catabbio, southern Tuscany
• High quality materials including porcelain tiles, double-glazed windows and Tuscan stone
• Property is newly built and comes with a 10 year construction guarantee
• Strong rental potential due to gap in market for mid-price accommodation
• Exceptional opportunity to buy your own Tuscany holiday home for just £50,000!
• Stress-free property management from local agency
• Units come with balconies and private gardens, with a communal swimming pool on-site
• Property values in Tuscany rising at 9% per year, 3 times national average

Tourist Buy-to-let: Saturnia Hills
• 5km from internationally renowned thermal health spa and new 18-hole golf course
• Prices 15% below average prices per m2 in local area
• Built on a gentle slope with views to the coast and the Argentario peninsular on a clear day
• 75% pre-approved finance available from the Woolwich Bank

Very high quality finishes
Each apartment has one bedroom, one bathroom and a living room with an adjoining open-plan kitchen.
While many Italian apartments are delivered “al grezzo” (unfinished), all units at Saturnia Hills are
delivered with terracotta tiled floors, plaster walls, walnut double glazed windows, Swedish pine doors
and a fully fitted bathroom. All apartments have a private balcony and ground floor units also have individual private gardens.

In order to be able to rent out your apartment, you will first need to furnish it. STR Property can supply
you with a complete furniture pack solution for your property via a partner organisation for €4,000.
Private swimming pool
All apartments have independent access and private parking. Residents will enjoy use of a private
outdoor communal swimming pool located in the middle of the development’s three residential buildings.

Why invest in this project?
An exceptionally competitive price
The average price per square metre in the area of Catabbio (Municipality of Manciano) is €2,160
(SOURCE: www.casa.it). (This figure encompasses all types of real estate, including properties that
are very old and in need of complete refurbishment; if this segment was omitted, the average price per
square metre for the local area would be even higher.) By contrast, STR Property are offering brand
new units in Catabbio starting at €1,850 per square metre, making our prices 15% below local market
value!

We can offer our clients this exceptionally competitive price because the property was bought at auction
as a repossession after the previous developer failed to complete on construction. The new owner
is now able to sell at this competitive price, passing on his lower initial acquisition costs to vendors.

Strong capital growth potential
With Tuscany property prices currently growing at 9% per year at a time when future supply has been
severely restricted by tighter planning policy, the potential for capital growth on units at Saturnia Hills
is very high, especially given their competitive price 15% below local market value.

75% LTV finance pre-approved
For investors looking to buy through mortgage finance, STR Property can offer pre-approved finance at
75% LTV from Woolwich Bank. Our bilingual partner will be able to tailor a mortgage to suit your
needs drawing from 24 different mortgages, including interest-only products and with rates of APR
starting as low as 4.5%. When taking out a mortgage with the Woolwich STR Property clients will
also receive a current account and credit card for no further charge.

Gap in the market for mid-price holiday rentals
According to figures from Confindustra, in 2007 tourist levels have risen 2% throughout Italy as a whole
but by 3% in the region around Catabbio. 1 million more Italians went on holiday in 2007 than the
previous year, 90.7% of whom chose to stay within their national territory rather than travel abroad.
4.3% of tourist visits by Italians within Italy are exclusively to thermal spas such as the Terme di Saturnia
close to the Saturnia Hills development. Given this spa is the closest to Rome of its kind, it attracts a lot
of “spa tourism”. Alongside Italians, rental demand for holiday accommodation in the Catabbio area is
mainly driven Europeans travelling overland and in particular Germans and Dutch. At present, tourists to the region around Catabbio can either choose to stay in a luxury villa that rents out for over €2,500 a week or an agriturismo (a hotel room on top of a traditional restaurant) that rents out from €40 per night per person (with at least 15 days advance booking). Therefore the Saturnia Hills development will plug a gap in the market for mid-priced accommodation that can cater for a small family for a short period of time.