A very interesting real estate transaction, especially for entrepreneurs and developers. This is for the sale of three parcels of land fit for redevelopment. the artists impressions show how the land could be redeveloped in accordance with planning consents currently waiting for approval.
Shown is a residence with a swimming pool with several apartments of different sizes and with lake views. There is an opportunity to build three different units: - Building A 3,195 cubic metres - Building B 3,046 cubic metres - Building C 1,036 cubic metres.
The land is in a striking position 100 meters from the lake in the twon centre of Menaggio, on Via Cadorna 42, the road that leads to Lugano. It is a complex consisting of two buildings with surrounding land. The first property is on 5 floors on an area of about 3690 cubic meters and the second adjacent property is approximately 4060 cubic meters for a total of 7750 cubic meters. The site is surrounded by an area of 4000 sq. meters.
There is a proposal for:
- the raising of the roof ridge in order to create apartments with a mezzanine floor on the top floor.
- an extension of the ground floor of 100 sq. meters, which creates a terrace on the first floor of the same size
This project would allow for the creation of 15 two room apartments.
The second building is currently occupied by ENEL (state electric). The building could be renovated or demolished to create 22 two room apartments with terraces. This project is still under construction and awaiting approval. For this property there is also the opportunity of investment income, because the contract with ENEL may be renewed for another 20 + 6 years to secure a steady income, maintaining the property in the present condition.
The entire real estate transaction can also be divided according to investment choice. To meet different needs, different options are available. Purchase of both buildings and surrounding land:
- to build a sumptuous villa with outbuilding, to have a private residence with the guarantee of a property to rent, to build several apartments for sale or lease, for an important real estate investment
Purchase of the 5 floor building
- to build small apartments for sale, for a wonderful private villa with lake view, to build prestigious offices, for an investment in property to rent' to build small apartments for sale or rent
The buildings have separate entrances and they are situated 100 meters from the lake and the ferry.
More details can be found at: http://www.vistalagohomes.com/Property-Details.aspx?PropertyRef=835LC
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