Historical 7 bedroom Villa for sale with sea view in Sanremo, Liguria

6,500,000 EUR 5,590,000 GBP 7,020,000 USD

Reference: 233864

Bedrooms: 7
Bathrooms: 7
Floor Size: 1,474 m2

Features

Gym
Fireplace
Original Features
Elevator
Possible Extra Dwellings
Potential for Income
Sea View
Quiet Area
Parking
May Require Improvement

Details

Grand and spacious 7 bedroom villa, ideally situated in a quiet setting in Sanremo, in an area which is arguably one of the most sought after locations in the World, the Italian Riviera.

With early 20th Century architecture, this grand villa is without doubt one of the most significant properties along the Riviera with an unbeatable position in the heart of Sanremo, situated just a few steps from the sea, from Portosole Marina and direct access to the walking and cycling path.

Built in 1909, the villa was transformed in the 1930s into an exclusive hotel and remained so until 1985. Since then, some restoration and maintenance interventions were carried out but the property needs to be completely restored, although the basement and roof have recently undergone some important repairs.

The interiors maintain the characteristics and some original features unaltered: the large full-height entrance hall with its majestic fireplace, excellent ceiling heights, original decorations and the generous dimensions of the rooms bring back the majesty and opulence of the noble residences.
Through the necessary recovery and restoration work to be carried out in agreement with the Superintendence of Environmental and Architectural Heritage, the villa will be able to become an extremely comfortable family home fit for modern living in a prime position.

Features include an elegantly grand living area on the main floor with an office and library, 3 master bedrooms with private bathrooms and large walk-in wardrobes upstairs and 4 guest suites on the attic floor.

There is also a cinema room, spa, gym, professional kitchen and a service area with laundry room and a caretaker's apartment included in the project and all floors will also be connected by an internal lift.

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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.