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Property for sale information

 
Luxury Villas for sale in Menaggio, Lake Como  
Reference nr: JW817101
Description:

Exclusive and unique, contemporary luxury Villas for sale in Menaggio, Lake Como, Italy.

7 world-class single level Villas, built into the hillside - from €583,920 to €1,200,720.

The development is scheduled to be completed by March 2009, with all communal areas by May 2009.

Designed by renowned architect Arturo Montanelli - Excellent Potential for capital growth.

Stunning Location with views of Lake Como with Bellagio ‘framed’ against the mountains.

Secure parking, luxury kitchen and communal pool with views of the lake.

The development is scheduled to be completed by March 2009, with all communal areas by May 2009.
Designed by renowned architect Arturo Montanelli - Excellent Potential for capital growth.
Stunning Location with views of Lake Como with Bellagio framed against the mountains.
Secure parking, luxury kitchen and communal pool with views of the lake.

The Tailormade Investment Villagein Menaggio, Lake Como is a premier development on the lake. The stunning design by the renowned architect Arturo Montanelli and prime position on the Menaggio hillside ensures these 7 single level villas will stand out as the best luxury properties on the Golden Triangle of Lake Como, Italy.

Combining spacious living areas and a specialist design built into the hillside these luxury villas will be one of the most sought after addresses in the area.

Why is this an outstanding luxury investment opportunity?

7 Best Invest are offering 7 world-class villas all with spectacular views of Lake Como. Available is one 2 bedroom 1 bathroom villa of 81m2 living space with secure parking, five 2 bedroom 2 bathroom villas of 139 m2 with secure parking, and 3 bedroom 4 bathroom villa of 180 m2 which will be one of the most sought after properties in Menaggio. All villas have solariums and green terraced areas of substantial proportions. The development is situated on a hillside on a street overlooking Menaggio. The development is scheduled to be completed by March 2009, with all communal areas by May 2009.
Specification

The villas are arranged over five levels rising up the hillside. The structure is built from concrete with reinforced concrete and steel foundations with the finish of the facade in local stone and expansive windows which let in the natural light, however, as well as being secure they have automatic darkening for solar protection in high Summer.

Each villa includes fully fitted bathrooms and gas central heating, but includes environmentally friendly designs that utilise the solar heat through the fully draining grass covered roofs and by the fact that they are built into the hillside. Luxury fitted kitchens are provided, including white goods many Italian Properties do not come with kitchens. Tiled ceramic floors will be fitted throughout with parquet in selected areas. Each villa comes with a secure garage and there is a communal pool located at the entrance of the development. The secure garage is in the basement level and access to each level is by a sophisticated lift.

Bedrooms: Bathrooms: Price (€):
1 1 583,920
2 2 930,640
3 2 931,620
4 2 937,225
0 (studio) 4 1,200,720
Features:
Furnished
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: €583,920
 

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