New Build 3 bedroom Villa for sale with panoramic view in Colico, Lombardy
The property was designed by a well-known architect from the area, overseeing every detail. The villa extends over approximately 500m2 on two levels, as well as arcades and terraces.
The first floor enjoys a vast open space with a living room offering splendid views of the lake, a large terrace, a dining room, a guest bathroom and modern-designed cuisine with access to the relaxation area, barbecue and garden. The
double-height ceilings and the ample volume ch...
The property was designed by a well-known architect from the area, overseeing every detail. The villa extends over approximately 500m2 on two levels, as well as arcades and terraces.
The first floor enjoys a vast open space with a living room offering splendid views of the lake, a large terrace, a dining room, a guest bathroom and modern-designed cuisine with access to the relaxation area, barbecue and garden. The
double-height ceilings and the ample volume characterise the living area.
The ground floor consists of the master bedroom with an en suite bathroom, two bedrooms with a bathroom and a large walk-in wardrobe area. The property boasts a splendid relaxation area with a covered swimming pool, which can be completely open on the patio in summer.
The garage, the laundry room, and the thermal power plant complete this exceptional new property.
It is equipped with the latest technologies such as a home automation system, heating system, and underfloor cooling combined with an air conditioning system, solar and photovoltaic panels, and a geothermal system. The insulation
materials used and the windows with triple glass, guarantee maximum energy efficiency.
The finishes are of the highest level, like a natural stone floor of Valmalenco and parquet in the bedrooms, hand-painted Caltagirone tiles on the island in the kitchen, in the bathrooms, and on the external patio, and reinforced concrete walls.
Colico is a city in the province of Lecco. It is situated on the northern part of Lake Como and it is the most important city in the area, which is often identified as its Colico branch.
Colico has an efficient boat service that brings you to other locations on the lake, as well as trains and roads that easily connect you to Milan that is only 90 km away. Como city is about 1 hours drive away. The most important event taking place in Colico is the Italian stage of the World Cup of kitesurfing
and other watersports. Colico is ideal for vacations during all the times of the year and is only 75 km away from St. Moritz famous ski resorts.
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This Villa is located in Colico in Italy
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Buying Real Estate in Italy
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.