SALE of SHARES in Italian Development Property

4,000 square meters of prime development property in Umbria and Tuscany

Current value over € 3.000.000, development costs € 6.000.000 

Sales value € 16.000.000, profit potential € 7.000.000

Capital appreciation on properties in this part of Italy has been running at 10% per annum for the last 20 years, thus securing the capital growth of any investment. Full supporting documentation is available. 

Tremendous press coverage in the last few years has established Umbria as one of the more attractive parts of Europe from the perspectives of living, holidays, culture and investment. Press cuttings available.  

These articles have, and are continuing, to create an increasingly sophisticated market for properties and rental accommodation of high quality, thus securing the growth in income from the rental sector and the annual returns on the investment in property. 

Expert advice always available from a fully experienced property maintainance and management team dealing in the same local area since 1983.

See www.propertiesumbria.com

The area is a secure, sophisticated, cultured, honest and friendly, far removed from the cities' stresses and strains. The food oil and wine is legendary. The infrastructure is in place with good communications, and a new motorway, between the two seas, is in the process of construction. The local airport of Asissi/Perugia is due to open at the end of the year to Ryanair flights. 

COMPANY BACKGROUND: PROPERTIES UMBRIA

The business, Properties in Umbria, founded in 1983, by John and Liliana Tunstill; and is the longest established property agents and developers in the area; and has in the last twenty two years sold more than 250 properties, restored some 75 houses and surveyed almost 1200 buildings.

Therefore an unrivalled amount of knowledge, and contacts, has been acquired during these years.

In the last three years some 19 properties have been sold, of which some 15 have been, or are in the process of being, restored on behalf of clients.

For their own part the Tunstill's have undertaken the restoration of some 1400 sqmt of their own properties, see www.lapreghira.com, and 936 Palazetto on www.propertiesumbria.com as well as 012 Moscatelli and 520 Rovina, on the same site.

Full supporting documentation and background details are available. 

The Tunstills, now approaching retirement, have decided to offer shares in their wholly owned properties, to investors wishing to take advantage of the year on year rise in property values in this part of Italy . The Tunstills will also be continuing with their hands-on running of the business for the foreseeable future and their combined experience of the last 23 years will be used to continue to promote the restoration, development and sale potential of these exceptionally beautiful countryside properties. 

VALUATION JULY 2005

Proposed development properties / sites

Total 4410 mq Tuscany/Umbria € 3.745.000

The cost of rebuilding / developing / restoring to a high standard of some 4400 square meters of properties will be in the region of € 1400 per mq. a total of some € 6.000.000 

Sale value, in July 2005, of fully restored houses in the area between the Upper Tiber Valley of Umbria and the city of Cortona in Tuscany is some € 3750 per square meter, making the total retail sale value for 4400 mq of some...

€16.500.000

By taking advantage of the inherent value in the sites, combined with a normal 10% year on year increase in property value, it is proposed to offer an investment opportunity to all those with an interest in these properties which are all in the region of the Upper Tiber Valley or on the Umbrian / Tuscan border.

Details of all the buildings are to be found on the website...

www.propertiesumbria.com

SHARE PROPOSAL

Only 1,000 shares in total are available, currently at an introductory offer of €5,000 each. 

REASONS FOR INVESTMENT

•  Profit from the rise in local property values 

•  Receive a worthwhile return on your investment 

•  Access 22 years of property experience, in the green heart of Umbria and on the Umbrian / Tuscan border. 

•  Take advantage of the Tunstill's unique position to create or increase personal property holdings in the Green Heart of Italy 

•  Profits currently fully exempt from Italian Company or Capital Gains Taxes

For further investment information, contact John Tunstill on ++39 075 930 2428 in September, or email now to jon@technet.it

To view, inspect and understand the potential and implications of this offer...

John and Liliana Tunstill, the owners of of La Preghiera luxury country house, are offering a three night inspection visit and a full two day property consultation for only E 450.00 per double/twin room, dates subject to availability. Flights and transfers not included.  

Website www.lapreghiera.com

Bookings Sally Ann Lucock info@lapreghiera.com

The value of any investments can rise or fall, no guarantees are provided, this document is produced with best intentions as a guide only, is not part of any offer or contract and all persons are advised to seek independent legal advice prior to proceeding.