Located, in our opinion,
on the best part of Lake Como.

On a hillside in the village of Varenna, overlooking the town      of Bellagio across       the lake from Menaggio – this is the
‘Golden Triangle’ of Lake Como. 

“This is a rare 
opportunity to acquire a 
luxury apartment at an
affordable price in one of 
the most outstanding
locations in Europe.  From  
our success in selling 
phase 1 we know that 
this is a superb development. 
The position above the Lake
in a sought-after village, 
will ensure that the values of 
these apartments will rise
substantially. Phase 2 
includes some superior 2 
bedroom and 4 bedroom 
penthouses which bring 
the whole site to a new 
level. We see them as a  
hold for at least 5 years 
after completion. A visit 
to  appreciate  it outstanding
beauty is a must”

All views are  actually taken from the site

Why is this an outstanding investment  opportunity?

The location of these apartments on a hillside with  unobstructed views are
guaranteed for life as there is no possibility to build  in front of them. The
development is also very close to the centre of Varenna  with access to its
restaurants, harbour and regular ferries to Bellagio and  Menaggio. This makes it an
ideal candidate for capital growth and rental demand –  but at very affordable prices
as a result of us securing the units at wholesale value  (lower than comparable new
builds in the area). 
•Stunning  location with Spectacular views of Lake   Como and the mountains
•Limited  supply of quality apartments being constructed at affordable prices
•Below  market value based on comparables
•Lake Como is only at ’30% of its potential’ and prices and demand  are set to soar
•We  expect at least 50% capital growth over the next 5 years
•Perfect  location for rentals and re-sales
•Good  links to Milan  and its airports
•Skiing  close by
•St Moritz close by
•Train  station a few minutes    drive away

Looking North up the Lake  towards the Alps

Spectacular Lake Como in the Winter!

Actual View taken  from the site

Excellent Rental Potential 

‘The Golden Triangle’ is in an excellent  position on Lake Como and a very popular location
for tourists. The area receives more  requests for accommodation per annum, than the 
number beds. This is naturally a very healthy  situation for an investor, with little scope for
further development of property in the area. 

For the management and rental of the  apartments, we have negotiated with a company to 
offer their service to buyers. This is around 1500  euros pa. They are currently acting for 
many of our clients. They have also provided quotes for a  total rental package which they
can offer to purchasers of the apartments, please see below: 

Note: the High season rental rates are  very conservative
Note: Annual income is a full package  and NET of all costs (including management)
Note: The large 2 bed 2 bath apartments  and 4 bed penthouses will attract a substantially higher
The main marketing side of the operation  is a UK  based company who have an excellent track in
income rental marketing. Their web site has  been mentioned on the BBC’s Holiday Programme.

Mortgage 

Finance is available through Italian  banks secured on your property.  Below is  a table with 
examples of terms offered recently to  clients after carrying out an official bank valuation, 
please see table below:

Variable Rate

Euribor 3 months 3.864 + 0.80

Euribor 3 months 3.864 + 1.00

Euribor 3 months 3.864 + 1.00

Euribor 3 months 3.864 + 1.10

Fixed

5.45%

5.55%

8.20

5.65%

6.96

5.75%

6.29

Banks have provided us with a valuation  of over €3000 m2 as an  average price  across
all floors. We recommend you use  Conti Financial Services or Fidentia Group to  provide
and advise you of mortgage products in Italy.
Available Loan to Value: Normally 70%  but up to 80% subject to status. Note this is 
typically the purchase price, not the  actual market value.
Note that there are no Buy to Let or  self-certifying mortgages in Italy.  It is similar to
France, in that no rental income is assessed  in the application. The bank looks at only 
net monthly income, to see if it is  three times the mortgage payment. You will typically 
need 3 months bank statements, 3 months  pay slips or other proof is self-employed
and the latest annual tax documents,  such as a P60 for UK  tax payers. 

Actual Views taken  from Balconies

Actual Views taken  from Balconies

Recommends:
“These luxury apartments are situated in  a prime location overlooking a prestigious part of
Lake Como - they offer excellence in quality of  build, style and comfort. An outstanding
investment with huge potential for  growth in capital values with purchase prices of the
apartments below market value. They are  ideal for both investment and personal use. We 
strongly recommend this development.”

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