7 bedroom Villa for sale with panoramic view in Milan, Lombardy

3,950,000 EUR 3,397,000 GBP 4,266,000 USD

Reference: 198390

Bedrooms: 7
Bathrooms: 8
Floor Size: 1,400 m2
Plot Size: 1.97 hectares / 4.87 acres

Features

Garage
Turn Key Good Condition
Tennis Court
Hot Tub or Sauna
Elevator
Possible Extra Dwellings
Outbuildings
Potential for Income
Panoramic View
Quiet Area
Parking

Details

This luxurious estate dates back to the early 1900s and comes complete with keeper's lodge, swimming pool, tennis court, helipad and six garages.

It is located just a few kilometres from Milan in a hilly area.

The main villa has 850m2 of floor space which is spread over four floors with a lift and includes the following:
A wide living area, kitchen, dining area, an en-suite master bedroom, 2 single bedrooms one en-suite, and several other bathrooms. On another floor there is a further living area with its own bathrooms and kitchen.
At the basement level there is a music room, a laundry room, and a wellness area with a sauna, changing rooms and bathrooms.

There is a delightful small tower from which there are panoramic views across the hill.

This unique villa has unusually high ceilings, prestigious materials and high-quality designer furniture and lighting.

The property stands in 19,700 m2 of beautiful parkland which is well planted with tall trees.

There is a further 50 m2 outbuilding and the keeper's lodge which measures approximately 300 m2. To complete the estate there the 6 garages and several outdoor parking spaces.

It is all to be found in a quiet area which is ideal for those who wish to enjoy their privacy without giving up the convenience of being close to Milan, Monza and also Lake Como which is not far away.

Milan 27 km – Monza 14 km - Como 35 km – Varese 53 km – Lecco 40 km – Bergamo 60 km - Milan Malpensa Airport 50 km

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Italy Property Buying Guide

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.