Serpentara Sardegna Italian Island for Sale Italy 600,000 euros
Serpentara 2 miles off the South East coast of Sardegna is for sale. Located in the province of Cagliari in the far south east corner near the town of Villasimius, see google maps. South of Villasimius heading towards the Punta Santa Caterina is the island of Isola dei Cavoli, further east and a little north is the island of Serpentera, 2 miles off the coast of Sardegna see google maps , which translated means Serpent named after the shape of the island coast line. 134 hectares of land in Italy with 1 old building known as the La Torre di San Luigi (circa 1700), that’s Saint Luigi’s old tower / lighthouse in Italy and a 2nd world war buncker on the coast. There is no planning permission to build your luxury Italian beachside property, nor a lovely villa set in the Italian island in Italy overlooking the sea…. as a matter of fact the island is part of an Italian nature reserve a the protected area of Capo Carbonara.
The property was owned by an Italian estate agent which has gone bankrupt and only today the liquidators offered the property in an Italian property auction, but no one offered the asking price of 600,000 euros . The local council of Villasimius unfortunately couldn’t raise sufficient funds. There are online groups creating an Italian property syndicate but they too failed to raise funds. So this is the 3rd time the sardegna island as not reached the auction reserve price.
Are you interested in making an offer for a paradise island, set in the natural coastline of Sardegna. If so contact MIPC quickly before the Regione Sardegna , that’s the regional government, make an offer.
Italian property auctions are a high risk experience for a non Italian buyer of property in Italy. There are some great bargains available, but most bargains are “sold” prior to the auction. It is known in certain areas of southern Italy for the bankrupt party to turn up after the auction and claim back their property. Always take professional advice from an Italian property consultant.