Le Lézard
Classified in: Business
Subject: FVT

Palatial Lake Como Villa Favoured By Napolean Bonaparte And Winston Churchill -- One Of The Most Expensive Listings In Europe Previously Quietly Listed For ?100 Million -- To Sell Via Concierge Auctions


LONDON, Sept. 25, 2018 /PRNewswire/ -- Concierge Auctions is to sell Villa Passalacqua, a 17th century villa situated in the village of Moltrasio on the shore of Lake Como, Italy. The historic property ? one of the most expensive real estate listings in Europe and a rare offering for an Italian National Trust property to be in move-in condition with all necessary approvals and authorizations in order ? is recognised as a national monument of Italy, having played host through the centuries to a number of significant figures in politics, art and music, including former British Prime Minister Winston Churchill, and incorporating frescos painted by renowned neoclassical artist Andrea Appiani, chief artist of Napoleon Bonaparte. Previously quietly listed at ?100million, the villa will sell at auction on 30 October, with a reserve price of ?20million.

Set in grounds of 4.6 acres, the villa was originally constructed as the vision of Count Andrea Luccini-Passalaqua, who hired the best architects and designers of the late 17th century to build him a landmark property. Designed for entertaining, the main house offers a total of 26,501 square feet (2,462 square meters) of living space including frescoed reception rooms and nine bedroom suites. A secondary villa within the grounds offers a further six bedrooms across 4,000 square feet (372 square meters). Internally, the property is filled with antique furniture, Venetian chandeliers and exquisite carved ceilings, whilst kitchens and bathrooms include contemporary finishes. Beneath the gardens are some 11,087 square feet (1,028 square meters) of breath-taking catacombs, cellars, and underground rooms and walkways linking the main villa to the lake front. These spectacular underground stone tunnels allow guests to enjoy the private marina and the lake without ever having to leave the property. Externally, there is a swimming terrace surrounded by lemon and olive trees, a 200-year-old greenhouse, 11 working fountains, immaculate landscaped Italian gardens and a private dock.

Composer Vincenzo Bellini lived in the villa from 1829-1833, composing operas Norma and Sonnambula during his time there. In the preceding years, the villa hosted some of Europe's most glamourous soirees, with Winston Churchill amongst the notable guests.

Moltrasio offers a number of bars, shops and restaurants, whilst the city of Como is accessible in just 10 minutes from the village. Milan, with its international airport, can be reached in under an hour and Lugano, over the border into Switzerland, in just 20 minutes. The property also has easy access to some of the premier ski resorts in the world including St. Moritz, Zermatt, Mont Blanc and the Dolomites.

Charlie Smith, European advisor for Concierge Auctions, comments: "This auction is truly a once in a lifetime opportunity to purchase a piece of history. Since the introduction of an appealing new personal tax regime at the beginning of last year, Italy is proving an increasingly popular option for property buyers from Europe and the Middle and Far East. The villa is one of the most significant private houses in the most sought-after part of Lake Como, but has considerable commercial potential, as a hotel, private members club, or wedding and events venue."

The property is open for preview daily between 13:00 ? 16:00, by appointment. To book or register to participate in the sale, visit www.conciergeauctions.com.

Contact: Alice Lacey [email protected]
+442038688700

SOURCE Concierge Auctions


These press releases may also interest you

at 06:00
Canada's construction sector experienced a slight contraction in 2023, as growth in the non-residential sector was offset by a moderate decline in activity in the residential sector. Despite this trend, the industry continues to perform at an...

at 06:00
Stallion Uranium Corp. (the "Company" or "Stallion") is pleased to announce that it has appointed Matthew Schwab, an acclaimed exploration geologist in the Athabasca Basin, to its Board of Directors. At the same time, the Company thanks Terry Wells...

at 06:00
Zymeworks Inc. , a clinical-stage biotechnology company developing a diverse pipeline of novel, multifunctional biotherapeutics to improve the standard of care for difficult-to-treat diseases, today announced the appointment of Dr. Neil Gallagher to...

at 05:51
On March 21, AAC Technologies (2018.HK) held its 2023 Annual Results Press Conference in Hong Kong. In 2023, the Group recorded a...

at 05:49
Max Stock Limited (the "Company") today announced a share purchase by a company jointly owned by one of the Company's directors, as follows: Entity which performed the transaction Relationship to Company's senior officers Date of transaction...

at 05:40
Keep Inc. ("Keep" or the "Company"), the largest online fitness platform in China, today announced its audited annual results for the year ended December 31, 2023. Full Year 2023 Financial Highlights Total revenues were RMB2,137.8 million in 2023, a...



News published on and distributed by: