Property in Italy for Sale 
The photograph shall be solely for illustrative We offer for sale a hotel of category 3 stars, located in the centre of Milan, in a 7-minute walk from the Duomo. Currently the hotel is under reconstruction. A separate building with an area of 2 300 square meters, a total of 7 floors and 1 basement. 48 rooms, a restaurant on the ground floor. The cost of the building – 16 000 000 Euro. The approximate cost for completion of the project for a boutique hotel with 46 rooms + restaurant - 1 000 000 Euro. Upon delivery of the hotel management company, is ready to conclude an agreement on the management of 9+9 years for a profit of 900,000 Euros per year. When you lease restaurant for a profit of 200 000 Euros per year
| 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 |
Sending a request does not oblige you to anything. Please, indicate as much details as possible in your request.
| Water supply | €15-20 /month |
| Electricity (in condominium) | €0,2-0,3 kw/h |
| Property tax, on the cadastral value | 0,4-0,7% |
| Real Estate Agent’s Fee | 1.5%-4% +22%VAT |
| Legal fees | 1-2% |
