3.5 room Apartment in Monteggio

The Location

Less than 15 minutes by car between Luino on Lake Maggiore and Ponte Tresa on Lake Lugano. Slightly elevated above the village and individual vineyards. Park-like private property of 4,350 m2. The view is oriented south and is always bright and sunny. Thanks to its location at 438 m above sea level and its own tree population, it is also protected from view and pleasantly cool in the evenings.

The Construction Project

In 2012, a general contractor planned and approved a project for 5 co-owners. The project involves the conversion of a former factory into a residential domicile (first or second home allowed) with eight apartments and a villa. Large property, plenty of privacy, private small indoor pool, and old tree population. The villa is completed and inhabited. The factory is hollowed out, and the shell construction for 8 apartments is largely completed. However, the final construction is open and can be approached and realized by a new ownership.

Your Advantages:

• Completely developed and already partially constructed property

• Preparations for 3½-room attic apartment with 80 m2 living space and 50 m2 private roof terrace

• Freedom to design the interior

• Panoramic view over a park-like private property

• Private outdoor parking spaces

• Excellent price

• Perfect as a holiday apartment, retirement home, second home, or rental property

Important

As described above, the project was planned, approved, and notarized as co-ownership in 2012, and construction was started but never completed. Only the villa and the front third of the park were completed on a private basis. The property is therefore only in the shell construction phase (see description and photos). To complete the property as well as your own apartment, a new project must first be planned, fully financed, and a new building application submitted by all new owners. After that, the final construction can be completed. That's why the purchase price is so affordable - for this co-ownership, specifically only around 123 Swiss francs per m2 of land share or 739 Swiss francs per m2 of emerging gross living space. So, there's a lot of room for your own budget.

Contact

Our managing director, Mrs. Zumsteg, knows the property, the location, and the background very well and will be happy to provide you with further information and personal viewing appointments for this exciting property.

We look forward to your interest!