Modern 3 bedroom Penthouse for sale in Faggeto Lario, Lombardy
The apartment is set in a modern building built in 2014 with five residential units
each with its own independent entrance.
The residence consists of a shared wellness area with a beautiful covered and heated swimming pool, a sauna and a Turkish bath with changing rooms and attached showers, that can be accessed directly from the apartment.
From the roof garden and the terrace, it is possible to enjoy a scenic breathtaking view of the lake and the surrounding mountains.
The apartment is spread over three floors connected by an internal staircase and a private lift. The property is equipped with high quality finishes with grey porcelain stoneware floors. The heating system is central.
The entrance on the ground floor opens onto a spacious living room with large windows overlooking the balcony, a large equipped kitchen, three bedrooms and two bathrooms, one of which is en-suite.
The first floor offers a room designed to create a kitchen serving the covered terrace from which the view extends as far as Como.
On the floors below are the laundry room, storage rooms and a double garage.
There is guest parking in the grounds.
The property is ideal for a holiday home or as an investment for summer rentals.
Faggeto Lario is a town located on the shores of Lake Como and is only 12 km from the centre of Como and 18 km from Bellagio. The town is across the lake from Carate Urio and Laglio, where there are many exclusive villas on the other side from the house, including the abodes of so many famous people.
In Faggeto Lario there are many quaint little restaurants in addition to a small but exclusive beach on Lake Como. Torno is 1 km away where the Mandarin Oriental is.
In Faggeto Lario there is Lake Como's Navigation ferryboat stop from where renowned towns such as Cernobbio, Menaggio, Laglio, Moltrasio, Bellagio, Tremezzo and Como can be reached.
Milan Malpensa International Airport can be reached in just an hour.
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This Apartment is located in Faggeto Lario 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.