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Commercial property for sale in Lombardy, Italy, 4436 m²

Commercial property for sale in Lombardy, Italy, 4436 m² - photo 1
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Price€5,000,000
TypeCommercial property
Covered area4436 m²
Land area50000 m²
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Investment project for construction of a unique panoramic residential compound in the North of Italy

Unique investment project for the construction of a residential compound with a panoramic view on lake Iseo in the northern Italy. The lot with a total area of 50 000 sq.m. is located at 750 m of altitude on the shore of the breathtaking lake Iseo, one of the pearls of northern Italy.
Logistics:
• Milan (airport) – 90km;
• Bergamo (airport) – 47 km;
• Brescia – 52 km;
• Verona – 117 km;
• Mantova – 130 km;
• Switzerland (Lugano) – 115 km.
As well, there are 7 UNESCO World Heritage Landmarks in the range of 100 km.

Lake Iseo, also known as Sebino, is surrounded by mountains and has a total area of 62 sq.km., it is the 4 th largest lake in the Lombardia region and the 7 th in Italy.
In the center of this mountain lake there is an island, Monteisola, which is the largest lake island on Europe, as well as two smaller islands, Loreto on the north and St. Pauls Island on the south.

The lake is surrounded by untouched natural beauty and amazing panoramic views.
Some of the reasons which consolidate the strong demand for real estate here are:
- breathtaking natural landscapes (D’Iseao – Monteisola – canyon – Franciacorta valley, famous for its wines);
- mountains (luxury skiing resorts – Valcamonica archeological sites)
- lake (activities such as swimming, windsurfing, fishing, scuba diving, many luxury events on the lakeside);
- several golf clubs located within a 50km range;
- Natural parks and thermal springs.
The Project

The construction project and building permits have been approved by local authorities, for the realization of 20 buildings with panoramic views for a total of 83 properties with A energy class, for a total area of 4 436 sq.m.(3 733 sq.m. on the first floor + 703 sq.m. on the attic level), 948 sq.m. of storage area, 1062 sq.m. of balconies, gardens and patios, 92 garages and 5 open parking places, panoramic swimming pools, spa center and gym.
The terms for the construction are 6 months for preliminary works and 24 months for main works.

The lot is situated 700 m above sea level, while the lake is 300 m above sea level. The distance to the lake is 3 km, connected to the lot with an asphalt road. Within a walking distance one can find a small historical town with all the necessary infrastructure – shops, pharmacies, medical centers.
For its structure the project can be considered similar to Ravello on the Amalfi Coast.
Actual State
The permits are valid until the year 2022.
All the projects for urban works have been already developed.
The architectural projects have been already submitted, only awaiting licenses.
The current project can still be modified according to the client’s requests.
Possibility of financing from leading Italian banks.
Possibility of participating as JV.
Possibility of obtaining the Italian permit of stay based on the Italian
Investment Program.
More information upon request.
Price for land lot and building permits – 5 000 000 euro.

Extra Сosts when Buying Property

Notary fees, of the declared price 2.5 - 4%
PURCHASES FROM A COMPANY
*dwellings sold within five years of completion of construction or restoration.
Registration fee from €200
Mortgage tax from €200
Cadastral tax from €200
VAT:
- for first-home resident buyers 4%
- for second-home and non-resident buyers 10%
- on luxury homes 22%
IN OTHER CASES
Registry Tax, of the declared value 3-7%
Registration fee from €50
Mortgage tax from €50
Cadastral tax from €50

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Ongoing Ownership Costs

Water supply €15-20 /month
Electricity (in condominium) €0,2-0,3 kw/h
Property tax, on the cadastral value 0,4-0,7%

Additional Services Costs

Real Estate Agent’s Fee 1.5%-4% +22%VAT
Legal fees 1-2%

Return on Investment

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  • Italy, VareseItaly, Varese
    Retail business €5,500,000
    • Covered area: 5000 m²
  • Italy, MilanItaly, Milan
    Commercial property €5,050,000
    • Covered area: 600 m²
Helga
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+44-20-3936-4067
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