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Property for sale information

 
Luxury Apartments in Tre Terre, Lake Como  
Reference nr: JW998705
Description:

Charismatic 1 and 2 bed luxury apartments in Tre Terre, overlooking village of Pianello, Lake Como, Italy
From €283,700, with huge potential for capital growth.
Below market value with majestic views of Lake Como from Euro 5,000 reservation and 30% deposit required to exchange then nothing more to pay until completion.
Based in an ancient pastoral village overlooking Lake Como, sympathetically restored by the internationally renowned architect Arturo Montanelli.

Completion Dates - From January 2008 - November 2008.

The village should be visited to appreciate its location and natural charm with communal swimming pool featuring landscaped gardens with stunning views.

With allocated parking, the apartments have a variety of floor layouts, gardens, terraces, balconies and basements.

Each apartment has a garden/private balcony, parking space and communal swimming pool. Allocated Parking - Only 10 Apartments Left.

Why is this an outstanding property investment opportunity?

The pastoral village owes its regeneration to the fine skills of architect, Arturo Montanelli. The hillside location has unhindered views of the lake and mountains. The development is also very close to the centre of Pianello del Lario and Dongo with its fine selection of restaurants and bars. The town of Menaggio, about 10 minutes drive, is so vibrant with its restaurants, bars and street café’s; Italian chic as only the Italians know how! The harbour has regular ferries to Bellagio and Varenna. Capital growth and high rental demand – the ingredients for a sound property investment.

* Unique, architect designed regenerated Italian pastoral Village
* Stunning location with Spectacular views of Lake Como and the mountains
* Limited supply of quality apartments being constructed at affordable prices
* Below market value based on comparables
* Lake Como is only at “30% of its potential” and prices and demand are set to soar
* We expect at least 50% capital growth over the next 5 years
* Perfect location for rentals and re-sales
* Good links to Milan and its airports
* Milan centre one hour thirty
* Skiing close by
* St. Moritz one hour thirty

Development:

7 Best Invest are offering 13 architecturally unique luxury apartments with spectacular views of Lake Como. The development, is situated in Tre Terre above the charming village of Pianello del Lario, 15 minutes from the popular town of Menaggio and two minutes from the pretty village of Dongo. The apartments are offered as either an investment or as a perfect holiday home. There are local letting and management agents in place. Letting and management companies in place. Mortgage providers are also on hand. Apartment sizes range from 62m2 to 154m2 living space. Some of the apartments are key ready, others will be completed over the coming months.View from Above Lake Como Apartment
Specification:

Each apartment includes fully fitted bathrooms and gas central heating. Fitted kitchens are provided with all units, including white goods. Floors are either finished in stunning gray slate known as Ardesia or in some cases timber. Each apartment come

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 283,700
1 1 283,700
2 1 323,950
4 2 700,000
Features:
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: €283,700
 

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