About the Apartment
- Property: Apartment (Off Plan)
- Bedrooms: 1
- Bathrooms: 2
- Receptions: N/A
Lake Como Luxury Apartments from €200,032.
Each apartment has a garden / private balcony, garage and communal swimming pool. Huge potential for capital growth which is sold to you below market value.
The area should be visited to appreciate its natural beauty.
Features
Features
The Lake Como Property Investment Opportunity
Development
View of Varenna from Lake Como Italy7 Best Invest are offering 18 luxury apartments in Block A and 4 key ready apartments in Block D all with spectacular views of Lake Como. The development is situated above the charming village of Varenna, 15 minutes by ferry from the popular town of Bellagio. The apartments are offered as either an investment or as a perfect holiday home, with letting and management companies in place, (buyers however can choose their own) and mortgage providers are in place too. Apartment sizes range from 60.28 to 182.16 m2 living space. The development is completed.
Specification
Each apartment includes fully fitted bathrooms and gas central heating. Fitted kitchens are provided with all units, including white goods. Tiled floors will be fitted throughout both the apartments and on the balconies. Each apartment comes with a large garage (from 17.75m2) and there are communal pools exclusively for the development. The windows also include wooden Louvre shutters in keeping with the local architecture.
Location
View of Varenna Property from Lake ComoLocated, in our opinion, on the best part of Lake Como. On a hillside in the village of Varenna, overlooking the town of Bellagio across the lake from Menaggio – this is the ‘Golden Triangle’of Lake Como. Varenna is known as the ‘mini Portofino’ after one of the most expensive towns in Italy!
The apartments sit proudly above Varenna on a hillside with unobstructed views of the Lake, no more than 5 minutes drive by car from the church square. Varenna train station can also be reached from the site in a few minutes.
Varenna is an intriguing village to explore. Some of its 800 wealthy inhabitants actually work in Milan and the surrounding area, but choose the peace, style and charm of Varenna as their home. There is also a breathtaking golf course up on the hills overlooking Menaggio (accessed by the regular ferries from Varenna harbour).
View of Lake Como From Varenna PropertyMilan is an hour's drive or train journey away with all its worldly pleasures and amazing shopping. Theatre and cinema flourish in this fashionable city, it's lifestyle that counts. The Varenna black stone ‘Nero Varenna’ which is used in the famous Duomo in Milan is actually from the quarry (Cava) where this development is being constructed.
Skiing is only 20 minutes away, where four pistes can be found, for the real enthusiast St. Moritz is only 45 minutes away by train.
Varenna is 2 hours from Milan's Malpensa airport, 1 hour 15 minutes from Milan’s Bergamo airport, 1 hour 14 mins from Linate and 1 hour from the smaller Lugano airport via Menaggio.
Getting there
Milan’s airports are served by most major airlines flying from all the major hubs. There are also plenty of budget airline flights from Stanstead, Luton, Manchester and other UK airports which fly to Milan’s airports.
Frequently Asked Questions
Q; Freehold - how does this work in Italy?
A; All apartments are freehold. This means the buyer owns their physical apartment and share of land the building is built upon. Buyers will be granted full title.
Q; What Security is planned for the project?
A; There will be an access road, no gate, or on-site security staff. This is not required.
Q; Are there any advantages to being an EU citizen when considering this purchase versus a US resident?
A; There are a number of angles to this question; as far as the purchase is concerned the answer is "no". However, the client may wish to consider two points 1. Their personal tax position 2. Becoming an "Italian" resident which will make a difference to the overall cost of purchase, which means they pay 4% tax instead of 10% IVA. However, it may take 18 months to become a full citizen.
Q; Also what are the likely property /local /council taxes the owner would incur?
A; compared to the UK, annual property taxes are low; like the UK the figure is geared to the size of the property. In the case of the apartments, budget a gross amount of approx. €600 to €800 per annum should be comfortable. As soon as the property is finished and an ICI tax assessment completed we will be able to confirm actual costs.
Q; What are the proposed service charges?
A; These will be set after completion but will be between €50 to €300 per month.
Q; On the final act, can owners occupy the apartment, or will the ensuing work on the new blocks prevent this?
A; Yes, they can occupy and use the apartment. Safety paperwork will be granted by final act.
Q; What is the target completion date of the whole project?
A; Early 2008.
Q; What swimming Pools are there?
A; There are two swimming pools and sun deck (with stunning views) exclusively for owners and tenants of the development.
Plot Size: N/A
Location
- Rural
- Village
- Riverside / Lakeside
- Waterfront
- Mountain
- Luxury
- Romantic
- Activity
- Family
- Historic
- Sightseeing
- Town
Lake Como (Lago di Como in Italian, also known as Lario; Lach de Comm in Insubric; Latin: Larius Lacus) is a lake of glacial origin in Lombardy, Italy. It has an area of 146 km², making it the third largest lake in Italy, after Lake Garda and Lake Maggiore. At over 400 m deep it is one of the deepest lakes in Europe and the bottom of the lake is more than 200 m below sea-level.
Lake Como is in Lombardy, 45km North of Milan and in the Province of Como. Como is at the tip of the southwestern branch of this lake. Como is only a few miles from the Swiss border and 20 minutes from Lugano.
Lake Como is 50 km long and west of Menaggio is where the lake splits in two. The mountains around the lake are 2000 m high and the lake up to 1350 feet deep, making it one of the deepest lakes in Europe.
The lake is well known for the attractive villas which have been built here since Pliny the Younger constructed the Comedia and the Tragedia.
Currency Converter
The sale price is quoted in (EUR €). Show approximate sale price in:
From EUR €200,032 = GBP £154,991*
Pricing Notes
Varenna - Lake Como Luxury Apartments from €200,032.
Huge potential for capital growth which is sold to you below market value.
5000 Euro reservation and 30% deposit required to exchange then nothing more to pay until completion.
Excellent Rental Potential
'The Golden Triangle' is in an excellent position on Lake Como and a very popular location for tourists. The area receives more requests for accommodation per annum, than the number beds. This is naturally a very healthy situation for an investor, with little scope for further development of property in the area.
For the management and rental of the apartments, we have negotiated with a company to offer their service to buyers. This is around 1500 euros pa. They are currently acting for many of our clients. They have also provided quotes for a total rental package which they can offer to purchasers of the apartments
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