8 bedroom Villa for sale with panoramic view with Income Potential in Varenna, Lombardy

3,500,000 EUR 3,045,000 GBP 3,465,000 USD

Reference: 235733

Bedrooms: 8
Bathrooms: 5
Floor Size: 650 m2
Plot Size: 1,500 m2
Work Required: None
Balcony
Lake, River or Pond
Gite / Annex / Additional Accommodation
Income Potential
Parking space(s)

Details

Superb and spacious character 1930's property on the the shore of Lake Como, just a few kilometres from Varenna, with an annex, landscaped gardens, terraces, and a spectacular view of the lake.

The versatile 8 bedroom villa makes an excellent home, holiday destination or could be converted into a boutique hotel.

The property is on the side of the road, accessed via a historic gate that leads from the tree-lined path to the main entrance. This 650m2 villa is surrounded by a garden of approximately 1,500m2 with a panoramic view of the lake.
It is spread over three floors plus the attic.
In the basement, there is a taverna, large cellar, laundry room, and storage room.
Ground floor - a magnificent entrance with chequered marble floor, double living room with lake view and fireplace, dining room with fireplace, office, eat-in kitchen, wardrobe room, bathroom, closet, rear entrance, and hallway.
First floor - from the hallway, study room, double bedroom with lake view with walk-in wardrobe and en-suite bathroom, two double bedrooms with one bathroom, service room with its bathroom.
There is also an attic.

The garden leads to the portico called CAENACULUM, consisting of a kitchen, large fireplace, dining room, and hallway.
Above is the caretaker's house of approximately 100m2 and a cellar.

Individual heating is via mains gas and there are solar panels on the villa's roof.
An approved project is available to construct parking spaces for cars and motorcycles with an entrance from the provincial road to serve the villa.

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Italy Property Buying Guide

Guide to the Italian Buying Process

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.