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Property for sale information

 
Luxury Apartments in Varenna, Lake Como  
Reference nr: JW507579
Description:

Prestigious 1 and 2 bed luxury apartments from EU210,034.
1 bed mini-penthouses - EU299,035
& 4 bed penthouses - EU740,610.

Huge potential for capital growth which is sold to you below market value.
Each apartment has a garden / private balcony, garage and communal swimming pool. Huge potential for capital growth which is sold to you below market value.
The area should be visited to appreciate its natural beauty.
5000 Euro reservation and 30% deposit required to exchange then nothing more to pay until completion.

All West facing apartments with stunning lake views. The ground floor is actually raised above the ground level providing commanding views as well. To the South West are un-obstructed views over picturesque Varenna and the 'Golden Triangle' of Lake Como, with Bellagio at the centre.

Features:
The Lake Como Property Investment Opportunity

>Development

View of Varenna from Lake Como Italy7 Best Invest are offering 18 luxury apartments in Block A and 4 key ready apartments in Block D all with spectacular views of Lake Como. The development is situated above the charming village of Varenna, 15 minutes by ferry from the popular town of Bellagio. The apartments are offered as either an investment or as a perfect holiday home, with letting and management companies in place, (buyers however can choose their own) and mortgage providers are in place too. Apartment sizes range from 60.28 to 182.16 m2 living space. The development is completed.

>Specification

Each apartment includes fully fitted bathrooms and gas central heating. Fitted kitchens are provided with all units, including white goods. Tiled floors will be fitted throughout both the apartments and on the balconies. Each apartment comes with a large garage (from 17.75m2) and there are communal pools exclusively for the development. The windows also include wooden Louvre shutters in keeping with the local architecture.

>Location

Located, in our opinion, on the best part of Lake Como. On a hillside in the village of Varenna, overlooking the town of Bellagio across the lake from Menaggio this is the Golden Triangle of Lake Como. Varenna is known as the mini Portofino after one of the most expensive towns in Italy!

The apartments sit proudly above Varenna on a hillside with unobstructed views of the Lake, no more than 5 minutes drive by car from the church square. Varenna train station can also be reached from the site in a few minutes.

Varenna is an intriguing village to explore. Some of its 800 wealthy inhabitants actually work in Milan and the surrounding area, but choose the peace, style and charm of Varenna as their home. There is also a breathtaking golf course up on the hills overlooking Menaggio (accessed by the regular ferries from Varenna harbour).

Milan is an hour's drive or train journey away with all its worldly pleasures and amazing shopping. Theatre and cinema flourish in this fashionable city, it's lifestyle that counts. The Varenna black stone Nero Varenna which is used in the famous Duomo in Milan is actually from the quarry (Cava) where this development is being constructed.

Skiing is only 20 minutes away, where four pistes can b

Bedrooms: Bathrooms: Price (€):
0 (studio) 2 740,610
1 2 299,055
2 2 273,939
3 2 284,083
4 1 210,034
Features:
Private Swimming Pool
Submission Date:
05-09-2008
Advertiser Details:


Name:
Jim Watson

Company:
7 Best Invest

Phone:
44 151 237 2783
Fax:
0845 070 4616
Mobile:

 
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Calculators

 
Property price: €210,034
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations