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Position: The hotel is situated in the St Ivan district of Bansko. This area is to the south of Bansko, in the foothills of the Pirin Mountains, five minutes by minibus shuttle to the Gondola Station. St Ivan is emerging as the most prestigious district of the town. The views are terrific across 360-degrees, and the few developments taking place there are of a higher quality than those in the town below. The hotel abuts the Pirin National Park, and its views cannot be affected by any future development.
Value and investment potential:The apartments are designed to contain the maximum number of bedrooms and beds in the smallest area. 1-bedroom apartments are on average 50 square meters (540 square feet), 2-bedroom apartments are 65 sq m (700 square feet). Costing is by the square meter, so the prices of Studios and 1-bedroom and two-bedroom apartments are lower than in any development in equivalent superb position or with so many facilities.
Rental : The hotel is composed of 80 luxurious apartments, with rich facilities, and will function like a hotel. So it has hotel reception, lobby bar, room-service, spa centre with swimming-pool, business conference centre, shops, restaurant with professional kitchen, laundry service, and staff to run the facilities (and facilities for the staff). This meets with the requirements of the two main markets for rental - the Tour Operators and independent holidaymakers from Sofia, Greece and other neighbouring countries. There are open fires in the restaurant and lobby-bar. There is a business conference centre to attract the lucrative business excursions market.Furthermore, in the smaller details of the development we have maximised the appeal of the apartments. Two examples: a) Bansko in the summer is hot and a dip in an open-air pool is ideal so the swimming-pool will be open to the elements in the summer, b) It is possible to visit the Spa Centre from any apartment in the complex without going outside, so that you can walk there in your bathrobe.
Buying:The Preliminary Contract is simpler and clearer and fairer. Copies of all documentation and all permissions for the project will be presented immediately to buyers' lawyers, on demand. A summary legal report, summarising the documentation for the project, is available to all buyers.Prices include VAT.Full prices will be stated on the Notarial Acts.
Summary:Located in Bansko, south of the town, in prestigious St Ivan district, 5 minutes to Gondola Lift Station by dedicated minibus shuttle, 80 luxurious apartments, fantastic views in every direction (Pirin Mountains to South, Bansko and Rila Mountains to North),2 payment plans (with small deposit, or large deposit with 5% discount)
Facilities:
Hotel reception with concierge
Restaurant and professional kitchen
Lobby-bar with welcoming fireplace
Shops and boutiques in lobby
Property management office and staff on-site
Swimming-pool (open-air in summer, with sun-deck)
Serious spa centre with sauna, massage, steam room
Gym
Ski room in basement with exterior entrance
Business conference centre
Childrens' kindergarden
Hotel laundry facilities
Construction and Finishing:Building materials used in the construction are the highest quality, suiting the local climate and complementing the beautiful site.
Traditional wood and stone exterior coatings
Wooden roofs with red tiles for charming finish
Tile flooring in living rooms
Concrete framework
Hydro- and thermal-insulation
Plaster-board on walls
Laminate wood floorings in bedrooms
Central-heating and hot water to all apartments
Two lifts/ elevators
Cable TV connection
Broadband internet connection
Smoke alarms in all apartments, fire doors and other fire precautions
Furnishing:The apartments at the hotel are sold without kitchen cabinets and appliances. Furniture packs including kitchens are available from the developer at very reasonable prices. You can see pictures of the furniture pack in the Gallery on the left of this page. The furniture is produced from beautiful solid Bulgarian wood, not MDF. The appliances are upper-range Western European brands. A full furnishing service is provided including measurement, interior design, delivery and fitting.
Payment Schedule: 2 payment plans (with small deposit, or large deposit with 5% discount)
Schedule A- Small deposit
Advance 10% (due within one month of reservation)
Completion 90% (November 2007)
Schedule B - Larger deposit, 5% discount on the price, advance 50% (due within one month of reservation)
Completion 50% (November 2007)
Property management and letting
These properties have exceptional rental potential. We anticipate gross rental returns of about 9% p.a. There is on-site property management and letting office on the premises.
Reserving Apartments :Clients may reserve specific apartments, meaning the developers will take it off the market for up to four weeks. The cost of the Reservation is GBP 670 (approx. Euro 1,000), which is deducted from the purchase price. The reservation fee is non-refundable if you decide against buying.
Select an apartment from the Plans below
Send an Email to sales@bulgarianestates.org or call on + 359 (0)478 88470 stating the apartment you are reserving
On receipt of your email or telephone call, we will reserve that apartment on your behalf and take it off the market. We will send an e-mail confirmation of your reservation. We will also contact you about the way forward.
Payment of GBP 670 or EUR 1000 reservation payment is due to transacted into our company bank account.
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