Authentic 6 bedroom Villa for sale with lake or river view in Faggeto Lario, Lombardy
This wonderful early 20th-century property is accessible via a private driveway with an elegant wrought iron electric gate. The driveway leads to two double garages, as well as additional outdoor parking spaces.
The villa is surrounded by a well-planted garden of about 8,000m2, embellished with majestic centuries-old trees, as well as additional woods and pastures on the property. In one part of the garden, a barbecue area with ...
This wonderful early 20th-century property is accessible via a private driveway with an elegant wrought iron electric gate. The driveway leads to two double garages, as well as additional outdoor parking spaces.
The villa is surrounded by a well-planted garden of about 8,000m2, embellished with majestic centuries-old trees, as well as additional woods and pastures on the property. In one part of the garden, a barbecue area with an open portico has been created, ideal for outdoor socialising.
There are also rustic buildings on the land which, in the future, could offer additional residual volume.
The garage leads to the house, where there is a large entrance hall with an atrium leading to large panoramic windows offering breathtaking views of Lake Como.
The main floor comprises the living area, consisting of a bright living room, kitchen and bathroom. All rooms have direct access to the garden and terrace.
An internal staircase leads to the two upper floors, where there are a total of 4 bedrooms and 2 bathrooms per floor. Some rooms have balconies, others have terraces, all with splendid views.
The villa has gas heating with cast iron radiators and a wood-burning fireplace. The finishes include cement tiles in the bedrooms, tiles in the rest of the house and stone on the stairs and corridors. The bathrooms feature cement tiles and porcelain stoneware with references to 1960s design.
The property requires careful renovation to restore it to its former glory.
It represents an interesting investment, thanks to its exclusive location and the high demand for rentals on Lake Como, guaranteeing excellent profitability. At the same time, it is the ideal solution as a prestigious residence for a large family.
Faggeto Lario is a municipality on the shores of Lake Como and is only 12 km from the centre of Como and 18 km from Bellagio.
Located opposite Carate Urio and Laglio, from the house you can see the most exclusive villas on the other shore, including the residences of many famous people.
In Faggeto Lario there are many typical small restaurants as well as a small but exclusive beach on Lake Como. 1 km away, in the area of Torno, is the famous Mandarin Oriental hotel.
In Faggeto Lario there is a stop for the Lake Como Navigation ferry service, which also allows you to reach by boat well-known Lake Como destinations such as Cernobbio, Menaggio, Laglio, Moltrasio, Bellagio, Tremezzo and Como.
Milan Malpensa International Airport can be reached in just one hour by car.
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This Villa 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.