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For sale investment opportunity in Lombardy, Italy, designed for the creation of a distinguished residential complex with a view of the captivating Lake Iseo.
This offering includes a substantial 50,000 m² parcel of land, situated 750 meters above sea level along the enchanting shores of Lake Iseo. Known as the gem of Northern Italy for its stunning natural scenery, this location offers panoramic vistas that are truly unparalleled.
The property is conveniently located within a 100-kilometer radius of 7 UNESCO World Heritage Sites. Lake Iseo, also referred to as Sebino, covers an area of 61 km². It ranks as the fourth largest lake in Lombardy and the seventh in Italy. Positioned at the Camonica valley’s outlet, it’s classified among mountain lakes. At its heart lies Monteisola, the largest lake island in Europe, accompanied by two smaller islands, Loreto and St Paul’s Island.
Key advantages of investing in Lake Iseo for either permanent residency or as a vacation home include:
Project Overview
The project has received approval from the local municipality, including a construction permit for the development of 20 buildings with scenic views, encompassing 83 flats classified as energy class A. The total living space is 4,436 m² (ground floor 3,733 m² plus residential attics 703 m²), along with attic utility spaces totaling 948 m², balconies of 1,026 m², private gardens and terraces, 92 garages, outdoor parking, panoramic swimming pools, and a spa and fitness center.
The project is slated for completion within 24 months, with an additional 6 months allocated for preparatory work. The lake is accessible via a 3 km asphalt road. Nearby, a charming old town provides essential amenities such as shops, pharmacies, and medical centers. The Lombardy project draws architectural inspiration from Ravello on the Amalfi Coast.
Current Status
The necessary permits are valid through 2022. Plans for the initial urban development have been formulated, with architectural designs submitted and awaiting license approval. Modifications to the existing plans can be made to suit the buyer’s preferences.
Financing assistance is available through leading Italian banks, with options for share participation. Potential investors interested in project execution may qualify for an Italian residence permit through the Investor Visa program.
The asking price for the land, including the project and building permits, is €5,000,000.
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