Lake Scanno (Lago di Scanno) is an area of truly breathtaking scenery with high, snow covered peaks, wooded hills, wide open plains and amazing rugged rock faces that perch above the lakes.

Climbing to around 900m brings you to Lake Scanno, the largest natural basin in Abruzzo and fed by the river Tasso.

This is the setting for Residenza Tassido Coda, an exciting new residential development of 70 apartments with access to excellent hotel and spa facilities.

There is much inspiration to be had here; within moments you can be relaxing on a boat on the lake, heading up the mountain for a days skiing, enjoying a walk amongst the spectacular scenery of the National Park or simply strolling through the town and exploring its tiny medieval streets.

Owners at Residenza Tassido Coda will also have access to the facilities of its own quality hotel offering a range of attractions that include a restaurant, spa and fitness centre, swimming pool, tennis courts, private beach, hire cars and more.

Residenza Tassido Coda offers a rare opportunity to own a new home in such a naturally special location with the added optional benefit of a 12 year rental income guarantee scheme for financial peace of mind.

Panoramica degli interni degli appartamenti

Development Highlights

“…a setting of peace, tranquillity and magical views!”

Enjoy modern luxury living in a romantic setting where the views will take your breath away!

Purchasers at Residenza Tassido Coda will have a choice from a total of 70 studio, one, two or three bedroom duplex apartment combinations, each of which have been designed to enjoy a mixture of stunning lake, valley and mountain views.

Each apartment will be finished to a high standard and includes a fully fitted kitchens and bathroom/shower room, double glazed windows, satellite/cable connections, telephone point, door entry phone, storage cellar and underground or exterior parking.

With accommodation ranging from around 30m2 to over 100m2, plus a balcony or garden to take in the views...

This is high quality living in an exceptional location!

Construction is due to commence in february 2008 and the entire development will be completed by the mid of 2011.

Planning:

The Development Key Features:

Key Regional Features:

The 12 Year Rental Income

Guarantee Scheme

Personal usage

Notification of changes

Alternative accommodation

In the event that an owner’s apartment is not available when they request a change to their chosen dates (or request a long weekend), then another apartment (or similar size if possible) will be offered, or alternative hotel accommodation offered (assuming there are vacant apartments).

The value of the six-week stay in the apartment is estimated to be EUR 1,700.00.

This amount will not be paid by the purchaser and will therefore contribute to increasing the income received.

- fixed cost for electricity, water, gas, sewerage FREE;

- heating (or air conditioning) and hot water FREE;

- weekly supply of bed linen and towels EUR 25.00 per week, per person;

- final cleaning of apartment EUR 60.00 per week.

The purchaser will be entitled to use all the facilities of the hotel throughout the twelve years, subject to the size of the facilities and to prior booking, for which the following discounts will be applied:

- bar and restaurant service: 15%;

- access to sports areas (tennis, fitness suite, swimming pools, fully-equipped beach) and leisure areas (auditorium, conference centre, etc.): 30%;

- transport and car hire services: 30%;

- wellness personal treatments: 30%;

Payment of the income will be made by means of a twelve-year rent agreement.

The respective payments to the purchaser will be made every six months on 31st March and 30th September of each year.

The amount paid to the purchaser will be net of the expenses and cost of services used during the purchaser’s stays, unless these have been paid separately, and of the share of general costs payable by the purchaser (building insurance, share of condominium expenses, unscheduled maintenance unless covered by the builder’s warranty, etc.).

Where a bank or insurance guarantee is required to cover the rent, the respective costs of 2% per year of the amount guaranteed will be payable by the purchaser.

Owners will not be responsible for payment of the development service charges during the life of this agreement but owners will be responsible for payment contribution towards General Expenses during the first four years and these are expected to be in the order of 250 euros per apartment.

The purchaser is liable for state taxes on the income received and for municipal taxes on the property (I.C.I.) as well as for 50% of the rent agreement registration fee.

As regards the furnishings, the building company will choose the same level of finish, quality and aesthetic appearance as has been chosen for the hotel (which is therefore a particularly high standard), although the purchaser will have the final say in this respect.

It will be the responsibility of the developer’s management company to maintain the good order of the furniture and replace/repair as necessary during the life of the rental agreement.

Planimetria "Tassido Coda Resort"