Euro 5,000 reservation and 30% deposit required to exchange then nothing more to pay until completion.
Based in an ancient pastoral village overlooking Lake Como, sympathetically restored by the internationally renowned architect Arturo Montanelli.

Completion date - apartments from January 2008 - November 2008.

The village should be visited to appreciate its location and natural charm with communal swimming pool featuring landscaped gardens with stunning views.

With allocated parking, the apartments have a variety of floor layouts, gardens, terraces, balconies and basements.

Each apartment has a garden/private balcony, parking space and communal swimming pool. Allocated Parking - Only 10 Apartments Left.

Features
The Lake Como Property Investment Opportunity
Development:

7 Best Invest are offering 13 architecturally unique luxury apartments with spectacular views of Lake Como. The development, is situated in Tre Terre above the charming village of Pianello del Lario, 15 minutes from the popular town of Menaggio and two minutes from the pretty village of Dongo. The apartments are offered as either an investment or as a perfect holiday home. There are local letting and management agents in place. Letting and management companies in place. Mortgage providers are also on hand. Apartment sizes range from 62m2 to 154m2 living space. Some of the apartments are key ready, others will be completed over the coming months.

Specification:

Each apartment includes fully fitted bathrooms and gas central heating. Fitted kitchens are provided with all units, including white goods. Floors are either finished in stunning gray slate known as Ardesia or in some cases timber. Each apartment comes with a parking space and there is a stunning communal pool.

Location:

On a hillside, overlooking the town of Pianello del Lario and its marina – this is the ‘Golden Triangle’ of Lake Como, close to Menaggio and a short ferry ride to Bellagio and Varenna. The village has its own unique character.

15 minutes from the spectacular Menaggio golf course boasting magnificent views of the lake.

Milan is 1hour 30 minutes away. Although Milan is a major city in all respects, it is comparatively small. It is easy to get around its historic centre, museums and art galleries as well as those well known designer shops.

Skiing is only 20 minutes away where local pistes can be found. For the real enthusiast St. Moritz is only 1 hour 30 away by train. The village is 1 hour from Milan Malpensa airport, 1.5 hours from Milan’s Bergamo airport and 45 minutes from the smaller Lugano airport.

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 both of Milan’s airports.
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.

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's.

A; There 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 €100 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; Some apartments are ready to occupy now whilst others will be ready in spring 2008 and autumn 2008.

Q; What swimming Pools are there?

A; There is one swimming pool and sun deck (with stunning views) complete end 2008.