Luxury Villa for Sale in Via Cadorna 42, Menaggio, Como, Italy

Luxury Villa on Lake Como for Sale

In a striking position 100 meters from the lake in Menaggio, in the town center and exactly in Via Cadorna 42, on the road that leads to Lugano, there is an interesting real estate transaction.
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 square meters.
There is a project for:
• the rise of the roof ridge in order to obtain apartments with mezzanine level on the top floor.
• an extension of the ground floor of 100 square meters, which creates a terrace on the first floor of the same size
This project would allow to create 15 two room apartments.
The second building is currently occupied by ENEL (electrical society), with lease expiring on 31 December 2010. The building could be renovated or demolished to obtain 22 two room apartments with terrace.
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 at the present conditions.
This is the beautiful view you can enjoy from the villa.
Some details of the villa.

The entire real estate transaction can also be divided according to investment choice.
To meet different needs, we offer different options.

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
Purchase of the property used by Enel
• For an investment in property to rent
• To build small apartments for sale or rent
• To create offices in wonderful location

The buildings have separate entrances and they are situated 100 meters from the lake and from the pier.
Menaggio is situated on one of the most beautiful lakes of the Alps: Lake Como.
Its location near the mountains makes the country a busy center for many tourists
and a good starting point for the trips to the beautiful villas with their lush gardens that characterize the area.
Thanks to the mild climate, Menaggio boasts a wonderful Lido beach and a pool of 25 meters. The town, which has about 3200 inhabitants, also offers a public beach with free access and many sports facilities. It is characterized by an interesting old town centre, where there are often craft markets.
In the village there are cafés and restaurants where you can enjoy the best of cuisine with traditional dishes.
Menaggio also boasts the presence of an exclusive golf course with 18 holes, founded in 1907.
Nearby you can enjoy alternative sport activities such as mountain biking, trekking and rock climbing and mini golf for adults and children.