Position:
Balkan Heights 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. Balkan Heights abuts the Pirin National Park, and its views cannot be affected by any future development. You can see pictures in the Gallery on this page of the views in every direction.

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. The apartments at Balkan Heights are much larger than French ski apartments.

Rental : Balkan Heights 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. (For this reason we have excluded fireplaces in the apartments, as Tour Operators hate fireplaces. 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 at Balkan Heights

We plan to ensure that buyers do not suffer the stress and frustration that can occur when buying from Bulgarian developers. So:

• The Preliminary Contract is simpler and clearer and fairer that that presented by any other developer in the Bulgarian property market
• 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.
• Payments will be made to the Bulgarian bank account of the developer - there is no dealing with off-shore bank accounts.
• Prices include VAT, and the developer (KV Trading) pays this VAT.
• Full prices will be stated on the Notarial Acts.

Summary

• British developer
• 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)
• Property management and letting

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 Balkan Heights 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 fuill furnishing service is provided including measurement, interior design, delivery and fitting. These furniture packs have been carefully designed to meet the requirements of the Tour Operators.

Payment Schedule

2 payment plans (with small deposit, or large deposit with 5% discount)

Schedule A Small deposit

• Advance 25% ( due within one month of reservation )
• Roof 20% (May 2007)
• Completion and Property transfer 55% (November 2007)

Schedule B - Larger deposit, 5% discount on the price

• Advance 40% ( due within one month of reservation )
• Roof 20% (May 2007)
• Completion and Property transfer 40% (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 at Balkan Heights

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 info@london-sofia.com or call London -Sofia ltd. on   +44 (0) 208 8866 110  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.