Apartment BARE OWNERSHIP Milano via Carducci

gv1350 - Via Carducci BARE OWNERSHIP - Elegant apartment in a stately building in the heart of Milan.

In a stately early 1900’s building, renovated in its commun parts and equipped with all-day concierge service, we sell a BARE OWNERSHIP of a rafinated apartment located on the second floor with lift, in one of the most prestigious areas of Milan, between Piazzale Cadorna, Corso Magenta and Via Leopardi. The apartment, of 116sqm, conserves the original elegance. The entrance leads to a disengagement that links the several ambients. The living area includes a habitable kitchen and a double living room with dining room and access to the balcony that offers a suggestive view onto the historical part of the Filarete Tower and Sforzesco Castle. The night area is composed of two bedrooms, both overlooking the silent internal courtyard. The master bedroom also has a private balcony. To complete two bathrooms, one with a shower and the other with a tub. Cellar. The apartment has parquet floors, double glazing of new installation and air conditioning system. The area is perfectly served by public transports including the subway M1 (red line) and the subway M2 (green line) in addition to the regional railway links and the Malpensa Express service. Within walking distance from the Cadorna Station, a crucial junction of Milan. The elegant neighborhood offers several services: supermarkets, restaurants, bars, boutiques and universities. A few steps from Sforzesco Castle, Sempione Park and the Catholic University. Class C – IPE 103,49.

€ 990.000 - € 6.000,00 Condominium expenses including central heating and hot water.

What does it mean to buy the bare ownership?​
It means buying a property today but have no right to live there as long as the tenant (the one from which the bare ownership is acquired and who inhabits the apartment) is alive. The bare ownership is the value of the property minus the value of the usufruct.​

What advantage in acquiring the bare ownership?​
The main benefit is to purchase a property at current prices with a substantial discount determined by applying a coefficient that is based on the age of the Dweller (tenant). The youngest the tenant is, the greater the lowering and therefore the coefficient of discount applied. Meanwhile the usufructuary is alive, the bare owner can count on the fact that the value of the house increases following the market value and, in the case of resale of the bare ownership, it is reevaluated thanks to the advancement of the tenant’s age, which will see it applied a lower discount.​

How to calculate the selling price?​
We proceed to a market valuation of the apartment done by a professional to which is applied a coefficient taken from a table that is drawn up periodically by the Ministry of Finance and is based on statistics about life expectancy in Italy and on the interest rate law.​

​Who pays the Imu (Combined Municipal Property Tax)?​
The holder of the single bare ownership has no tax liability. All taxes, in fact, are the responsibility of those who have real rights, namely the usufructuary. So also the IMU is due by the usufructuary and not by the bare owner. Generally the cost of normal maintenance of the property shall be borne by the usufructuary (custody, administration, general maintenance). The usufructuary is required to maintain the property in good condition, not damaging it or modify it without the knowledge of the legal owner. Extraordinary expenses are charged to the bare owner.​

When are you buying full ownership?​
When the tenant will no longer be alive, the bare ownership joins in full ownership and property comes fully available to the bare owner.​

The choice of this property contributes to support the mission of Theodora onlus.

Photos, texts, floor plans, etc., are purely for illustrative purposes and do not constitute documents with contractual value and presupposition.

Giorgio Viganò Real Estate - 027636151 - www.giorgiovigano.com

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