Palazzo Palmariggi exteriorFeatured Property
Palazzo Palmariggi exterior
Interior vaulted ceilings
Garden view
Interior room 1
Interior room 2
Interior room 3
Interior room 4
Exterior detail

Palazzo Palmariggi - Historic Investment Opportunity

Palmariggi, Lecce, Puglia
historic
€1,450,000
1.250.000 €
GREAT DEAL!

962 per m²

💰 Save €200,000!

1300

Square Meters

5000

Land (m²)

1900

Year Built

Property Description

Located in Palmariggi, just a few kilometers from the pristine Adriatic coastline, this extraordinary palazzo spans two levels. This architectural gem from the early 1900s showcases exceptional construction quality, featuring authentic Salento-style vaulted ceilings throughout, complemented by elegant coffered ceilings on the first floor.

Key Features

Original Salento vaulted ceilings
Coffered ceilings on first floor
Multiple verandas with garden views
5,000 sqm buildable land
Minutes from Adriatic beaches

Amenities

Private gardenHistoric architectureDevelopment potentialParking area

Location

8 km to sea
45 km to airport

Investment Potential

Potential Return

26% annual ROI with Mini PIA grant (5% property appreciation)

Investment Analysis

GREAT OPPORTUNITY! Total investment: €2,810,000 (€1,250,000 purchase - reduced from €1,450,000 + €1,560,000 restructuring at €1,200/sqm). Ideal for conversion into luxury boutique hotel with 20-30 rooms. Growing tourism market with potential €200-400/night room rates during peak season.

Suggested Use

Boutique Hotel
Luxury B&B
Event Venue
Private Residence

Available Grants

PIA TourismHistoric Restoration Fund
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