Renovated 4 bedroom House for sale in Menaggio, Tremezzina, Lombardy

Very well presented 4 bedroom house with annex and beautiful landscaped garden, enjoying panoramic lake and mountain views from its elevated location near all amenities in Menaggio, in the Loveno district.

This charming property of around 150m2, was renovated around ten years ago,
is accessed through an automatic gate and split into two independent apartments with separate entrances.

The ground floor consists of an apartment where there is a living room with a kitchenette, two large bedrooms, two bathrooms with shower, and access to the beautiful garden with persimmon and lemon trees and splendid flowers.

The access to the first-floor apartment is from the common area in the back of the house via the external stairs, where there is an entrance hall, living room with fireplace and terrace overlooking the lake, kitchenette, two bright bedrooms, and bathroom with shower.

A private garden of about 1,000 metres surrounds the house offering an enchanting setting for hosting family and friends.

The property includes a small annex of about 40m2 with a living room, kitchenette, and fireplace, a large bedroom with bathroom, a small garden with a lake view.

Parking for 4 vehicles is included in the sale.

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Features

Reference240306

Price900,000 EUR

Bedrooms

4

Bathrooms

3

Floor Space

200.0m2

Land Area

1,000.0m2

Fees Paid By Seller

It does not cost you anything to purchase this property through us

Balcony

1 or more balconies

Terrace

Terraced outside space

Fruit Trees

Has fruit trees

Fireplace

Has open fireplace or woodburner

Possible Extra Dwellings

Has suitable building for conversion

Potential for Income

Existing or suitable conditions for income

Parking

Has vehicle parking

Good Condition

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Buying a property 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.