Exclusive Ski & Spa Resort

Location of the Complex

The apartment hotel will be situated about 800 m away from the centre of Borovets resort, in close proximity to the main road Sofia-Samokov-Borovets-Kostenetz-Plovdiv. A new inceptive chair-lift station and a cabin lift station will be built close to the hotel.

Exclusive Ski & Spa Resort covers all standards and conditions of a 4-star hotel and meets the anti-seismic and fire-precaution regulations.

Facilities on the Complex

• Porter services
• Safe-deposit box
• Underground parking
• Lift
• SPA centre, including indoor heated swimming pool, fitness, sauna, steam bath
• Ski storage
• Restaurant and lobby bar
• Shops
• Green areas
• Laundry and ironing

General Information about the Complex

The area of the lot on which the residence will be built is 9 002 sq m, and the total developed area of the building is 19 164 sq m. The project consists of 214 apartments, all exposed to South and West, of various types: studio apartment (from 40 m² ), one bedroom apartments (from ), from two-bedroom apartments (62-100 m^{2 )}  and two bedroom mesonettes  (from 92 m²⁾

Facilities on the Complex:

• Underground parking
• Lobby bar
• SPA centre
• Conference and games hall
• Tavern

Ground floor

• Lobby with a reception desk
• Day bar
• Restaurant
• Shops
• Ski storage
• 65 parking lots

First, second, third, fourth, fifth and mansard floor will have apartments and housekeeper’s offices

Prices

Studio apartments start from €44,550 ( approx. £29,700 ) from 40.5 m sq

One Bedroom apartments start from €70,433 ( approx. £46,955 ) from 64 m sq

Two Bedroom apartments start from €112,401 ( approx. £74,934 ) from 97.74 m sq

Maisonettes 2 bedrooms start from €120,285 (approx. £80,190) from 92.10 m sq

CLICK HERE TO VIEW THE CURRENT PRICES AND AVAILABILITIES FOR EXCLUSIVE SKI & SPA RESORT

Title Deeds

100% declared value on the title deeds with VAT included in the price

Completion Date – expected in March- June 2008

The building will be finished up to ridge level at the end of year 2007. The final agreement for the transfer of the ownership of the property by means of a Notary deed will be signed within two weeks after receiving the permission for the exploitation of the building.

Payment Plan

An apartment can be reserved with a reservation fee of EUR 1000 which is valid for 3-4 weeks. On signing the preliminary agreement the reservation fee is deducted from the first payment. The reservation fee is non-refundable in case a preliminary agreement is not signed. The payment of the whole price shall be done according to the following payment plan:

·        First Payment: 30% of the total sale price – within 14 days after signing the preliminary agreement; half of the sum shall be deemed as earnest money that guarantees the buyer’s obligation to sign the final agreement, this sum is non-refundable

·        Second Payment: 40% of the total sale price – within 14 days after reaching the ridge level of the building

·        Third Payment: 20% of the total sale price – within 14 days after signing protocol 15 ( document evidence the qualities of the construction) for the building ( estimated 31^st March 2008 )

·        Last Payment: 10% of the total sale price – within 14 days after receiving a certificate for putting into exploitation of the building

Option: Buyers who pay 90% of the sale price on signing the preliminary agreement receive a 3% discount from the sale price

Maintenance and management of the property

First class property management services will be provided by the seller. The annual service charge of EUR 7.5 per sq. m. will cover: cleaning and maintenance of the common areas of the building and the elevators, maintenance of the garden, common lighting and electricity as well as all other services connected with the common areas of Exclusive Ski & Spa Resort.

Apartment Specification

All the apartments will be finished with high-quality materials:

·                                                                                                                                                                                                                                                                                                                                                                                                                             Terracotta in bathrooms and kitchens, granite-grease in the common chambers

·                                                                                                                                                                                                                                                                                                                                                                                                                             Bath-tub and sanitary ware with the necessary equipment

·                                                                                                                                                                                                                                                                                                                                                                                                                             Internal walls covered with gypsum plasterboards

Future owners will be offered a furnishing opportunity including everything necessary for the apartment to be ready for use or to be rented (prices to be confirmed)

·                                                                                                                                                                                                                                                                                                                                                                                                                             Bedroom - beds, wardrobe, bedside tables, night lamps, bedding and blankets, curtains

·                                                                                                                                                                                                                                                                                                                                                                                                                             Kitchen - ceramic hot-plate, microwave oven, refrigerator, dining table, chairs, and kitchenware

·                                                                                                                                                                                                                                                                                                                                                                                                                             Living room - sofa and armchairs, TV set, TV table, curtains

·                                                                                                                                                                                                                                                                                                                                                                                                                             Corridor - coat rack, wardrobe, mirror

Equipment
All apartments will be equipped with:

·                                                                                                                                                                                                                                                                                                                                                                                                                             Aluminum radiators

·                                                                                                                                                                                                                                                                                                                                                                                                                             Security alarm system

·                                                                                                                                                                                                                                                                                                                                                                                                                             IP telephone connection

·                                                                                                                                                                                                                                                                                                                                                                                                                             High speed internet access

·                                                                                                                                                                                                                                                                                                                                                                                                                             Cable TV

·                                                                                                                                                                                                                                                                                                                                                                                                                             Fire-alarm system

Exclusive will be provided with:

• External insulation that keeps living quarters cozy and accumulates the heat
• A balcony for each apartment
• Interception walls made of bricks and/or insulating gypsum-board, mineral wadding
• Roof covered with tiles
• Stone facing on the facade
• PVC millwork

Comparison of Borovets ski resort and its advantages:

• Easy access. The closest ski-resort to Sofia, only 50 minutes drive from the airport. Many airlines fly to Sofia to name a few: British Airlines, Lufthansa, CSA Airlines, etc.
• Popular place to spend a weekend or summer holiday for people who live in Sofia. You will not be just targeting the foreign rental market, but local as well, although rental will be lower.
• The oldest ski resort, the snow stays longer than on other resorts in Bulgaria as it is located at the highest point in the mountains, hence longer renting season in winter!
• The complex is located 800 meters away from the lifts and next to proposed gondola station!
• Limited construction – Borovets ski resort is reservation area and a National Park. It guarantees that it will not be overbuilt like Bansko, which in return means no oversupply of properties in future.
• Major point – serious investment is on the way in Borovets area called “Super-Borovets”, which means improvement in the infrastructure, 5 star hotels in the surrounding area (not Borovets itself). All this will drive the capital appreciation at a very high rate as they are not even near the prices in Bansko
• Low cost airlines are flying to Sofia regular and this trend is on increase, which is good news for holidays makes as well as the investors!
• One of the most reputable developers in Bulgaria

General information about the area:

Today Borovets is the oldest and the biggest mountain resort in Bulgaria, situated at 1350 m. altitude, and is a modern all year round resort, with luxury hotels, restaurants with international and traditional Bulgarian cuisine, bars where world-famous Bulgarian wines can be tasted, night clubs and discos. Situated 73 km from the capital of Bulgaria – Sofia, and 126 km from Plovdiv – the second largest city in the country, Borovets is easy of access and preferred place for a holiday, tourism and sport. It provides excellent opportunities for winter sports: the ski runs are with total length of 45 km, and are of various difficulty, they are suitable not only for skiing but also for snowboarding, ski jumps, biathlon, night skiing. New runs and equipment are in process of construction. Visitors who do not ski may enjoy organized trips to picturesque spots in the Rila Mountain like the Seven Rila Lakes, the famous Rila Monastery, Mussala peak, etc. They may also ride or fish, or visit the King’s Residence in Borovets.

Super Borovets resort plans for investment
 
In Rila – the mountain with pure-clean and marvelous lakes, from which rise some of the deepest and longest rivers in Bulgaria, at the foot of Moussala peak (2925 m) – the highest peak on the Balkan Peninsula, huddles Borovets resort. It was established in 1896 by King Ferdinand who has been delighted by the picturesque area and the mountainous crystal-clear air, and has decided to build there his summer residence. The name of the resort comes from the Bulgarian word “bor” – pine – after the age-old pine woods that cover the place.

During the next years the “Super Borovets” project will be developed. The resort is expected to become a tourist place with modern infrastructure, wide range of services, and opportunities for sport and entertainment. Thus Borovets would turn into the largest winter resort on the Balkan Peninsula.

General Information about the Area

Rila is the mountain with pure-clean lakes, where the springs of some of the deepest and longest rivers in Bulgaria are. There, at the foot of Moussala peak (2925 m) - the highest one on the Balkan Peninsula, huddles Borovets resort. Its name comes from the Bulgarian word “bor”, which stands for pine tree - old aged pine woods cover the place. Borovets was established in 1896 by King Ferdinand. Delighted by the glamorously vivid area and the mountainous crystal-clear air, he decided to situate there his summer residence.

Today Borovets is the biggest and oldest mountain resort in Bulgaria, situated at 1300 m. above sea level. It is also a modern all year round resort, with luxurious hotels, restaurants that offer international and traditional Bulgarian cuisine, bars where world famous Bulgarian wines can be tasted, night clubs and discos. Settled 73 km away from the capital of Bulgaria - Sofia, and 126 km away from Plovdiv - the second largest city in the country, Borovets is easily accessible and it is a preferred place for holidays, tourism and sports. The climate is moderate and mild and winter is very snowy. The average temperature in January (the coldest month of the year) is about 4.8 C. The ski season usually spans from mid-December till April.

Location

Address Borovets Ski Resort

Sales contacts

Telephone 0161 904 0004