Unique 2 bedroom Apartment for sale in Sanremo, Liguria
It is situated in Via delle Magnolie, one of the city's most appreciated areas, The position is particularly convenient, flat and surrounded by greenery, just a short walk from the main services, the beaches and the famous cycling path along the Ligurian Riviera.
The apartment is set within an elegant and well maintained condominium, in a quiet residential context with concierge service and generous parking facilities. The internal layout is practical and well proportioned, offering a spacious entrance hall, a bright living room, a separate eat in kitchen, ...
It is situated in Via delle Magnolie, one of the city's most appreciated areas, The position is particularly convenient, flat and surrounded by greenery, just a short walk from the main services, the beaches and the famous cycling path along the Ligurian Riviera.
The apartment is set within an elegant and well maintained condominium, in a quiet residential context with concierge service and generous parking facilities. The internal layout is practical and well proportioned, offering a spacious entrance hall, a bright living room, a separate eat in kitchen, two bedrooms and two bathrooms.
One of the most attractive features of the property is the liveable terrace, accessible from the kitchen, the living room and the main bedroom, creating a pleasant outdoor space to enjoy the mild climate of San Remo. The second bedroom also benefits from its own private balcony.
The property is completed by a storage room and the right to park in the condominium garage, adding further value and practicality to this interesting real estate opportunity in San Remo.
It is offered exclusively as bare ownership. This means that the buyer purchases the ownership of the property, while the current owner retains the lifetime usufruct, meaning the right to live in and use the apartment for the rest of their life. Full possession and use of the property will pass to the buyer only once the usufruct comes to an end.
For this reason, the purchase is particularly suitable for buyers looking for a property investment in San Remo. It is not an immediately available home, but it represents an interesting opportunity to acquire a well located property in a highly sought after area.
What does bare ownership mean in Italy.
Bare ownership, known in Italian as "nuda proprieta", means that the buyer purchases the ownership of the property, while another person retains the usufruct for life. The usufructuary has the right to live in and use the apartment, while the bare owner becomes the full owner only when the usufruct ends. For buyers, this type of purchase is usually considered a medium to long term real estate investment rather than a property for immediate personal use.
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Where is this property?
This Apartment is located in Sanremo in Italy
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Buying Real Estate in Italy
1. Making the Offer to Purchase (Offerta)
Once you have found the property you wish to purchase you will start the process by making a formal offer to the vendor, the estate agent will act on your behalf and put forward the offer, a deposit will be made available, generally around (10,000 - 20,000 EUR). Once the vendor has accepted the offer it will be formalised in writing to the vendor in both English and Italian. If this is accepted the deposit (Caparra Confirmatoria) will be paid to the vendor. This will form a legally binding contract. Neither party may withdraw at this point, the sale can be forced by either party or a claim for damages can be made. If the purchaser withdraws their deposit will be lost, if the vendor withdraws the purchaser can claim twice the deposit in compensation.
2. Signing the Preliminary Contract (Compromesso or Contratto preliminare)
The next step will take place between 1 and 3 months after the offer has been accepted, this is a formal agreement between the vendor and purchaser to sell and buy the property, this agreement is the Preliminary Contract and will contain the conditions and terms of the sale. It is important at this stage that you have a full understanding of all the details contained in the contract. We would strongly recommend that you appoint a Notary who is fluent in English. This document will include the purchase price, a detailed description of the property including completion date and will cover any obligations placed upon the buyer and the vendor. All information relating to the property including any planning permissions for the property and the cadastral details (a public record, survey, or map of the value, extent, and ownership of land as a basis of taxation). Once the Preliminary Contract (Contratto preliminare) has been signed a further deposit (Caparra Confirmatoria) will be paid, this will generally be 10% - 20% of the purchase price. There will also be an estate agents Commission Fee (Provvigione) which will need to be paid at this point.
3. Signing the Final Deed of Sale (Rogito or Atto Notarile)
The purchaser must have a bank account in order to make the purchase on completion. The signing of the final deed of sale which will authorise the transfer of the property must be overseen by a Notary (Notaio). The buyer will select and hire the Notary, but they are members of an independent body of public/professionals who will draft the purchase deed, they will oversee the passing of the title legally from the vendor to the purchaser. The Notary will also verify the legality of the documentation and registration with the Conservatoria dei Registri Immobiliari and the Local Land Register.
4. Formalities to be observed after Completion
Foreign buyers should obtain a certified copy of the Purchase Deed (Rogito), which the Notary will have lodged with the authorities. Generally this will be available to collect around 2 – 3 weeks after completion. The Notary will also give you a form to complete for the the local authority (Questura) who will have been given formal notice of the purchase. Your Notary will help you to complete this form. You will need to contact the utilities companies to set up new contracts (power, water, telephone, gas etc.). If the property is a flat, the condominium manager (Amministratore del condominio) should be informed of change of ownership of the property.
IMPORTANT - Disclaimer : All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.