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70% LTV Mortgages available from DSK Bank at 7% p.a.
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Located in Bansko, south of the town, in prestigious St Ivan district
- British developer
- Apartment hotel and spa centre
- 3 minutes to Gondola Lift Station by dedicated minibus shuttle (free)
- 66 high-spec. ski apartments
- Hotel reception with concierge
- Lobby-bar with welcoming fireplace
- Swimming-pool with sun-deck
- Most apartments with terraces
- Spa centre with sauna, massage, steam room
- Gym with latest fitness equipment
- Ski room
- Laundry room
- Underground parking
- Latest fire safety measures
- 2 payment plans (with small deposit, or large deposit with 5% discount)
- Property management and letting on-site
Position: Balkan Place is situated in the St Ivan district of Bansko. This area is to the south of Bansko, in the foothills of the Pirin Mountains, three minutes by dedicated 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 Place has been designed with a great deal of care. Two main themes underlie the design, that will ensure these apartments make an excellent investment.
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 60 square meters (646 square feet), 2-bedroom apartments are 80 sq m (860 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 Place are much larger than French ski apartments.
Rental : Balkan Place is composed of 66 high-specification apartments, with rich facilities, and will function like a hotel. So it has hotel reception, lobby bar, room-service, spa centre with swimming-pool, shops, laundry service, and staff to run the facilities. 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 are against fireplaces. There is a welcoming fireplace in the lobby-bar.)
Buying at Balkan Place
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 pays this VAT.
- Full prices will be stated on the Notarial Acts.
Summary
Facilities:
Hotel reception with concierge
Lobby-bar with welcoming fireplace
Shops and boutiques in lobby
Swimming-pool (with sun-deck)
Spa centre with sauna, massage, steam room
Gym with contemporary equipment
Ski room in basement with exterior entrance
Hotel laundry facilities with washers and dryers
Underground parking spaces for sale
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
Wooden roofs with red tiles (Bramac) for charming finish
Living room: Tiled floors
Kitchens (open-plan): Granite compound tiled floors, with tiled walls
Bedrooms: Laminate wood floors (Kronospan)
Bathrooms: Italian terracotta floors and Italian tiled walls
Bathroom fittings: Vidima Ideal manufacturer, plus extractor fan
Terraces: Spanish granite compound tiled floors, drainage, wooden parapet
Front doors: Steel internal doors: MDF
Windows: three-chamber PVC, with processed stone sills
Concrete and brick framework
Hydro- and thermal-insulation (60 mm Styrofoam)
Roof insulation: 100 mm wadding (Izover)
Plaster-board on walls
Central-heating (oil-fired, with aluminium radiators in apartments)
Lift (ISAMET)
Cable TV connection
Broadband internet connection
Intercom entrance
Smoke alarms in all apartments, fire doors and other fire precautions
Payment Schedule
payment plans (with small deposit, or large deposit with 5% discount)
Schedule A Small deposit
- Advance 10% (due within one month of reservation)
- Foundations 15% (March 2007)
- Roof 20% (March 2008)
- Completion and Property transfer 55% (November 2008)
Schedule B - Larger deposit, 5% discount on the price
- Advance 40% (due within one month of reservation)
- Foundations 0% (March 2007)
- Roof 20% (March 2008)
- Completion and Property transfer 40% (November 2008)
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 Place
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 680 (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.
- Payment of GBP 680 (EUR 1000) reservation payment immediately required by cheque/ online payment to UK bank account of London-Sofia ltd, and then to the account of developer.
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