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Flora Residence Borovets - In The Heart Of The Resort
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Ads by Goolge
Bulgaria
Borovets
Samakov BG
Bulgaria
Property for sale: 46,416 €
Apartments For Sale in Borovets, Samakov Bulgaria
FLORA RESIDENCE
Flora Residence is located in the very heart of the oldest ski resort – Borovets behind Flora Hotel and Apartments and will complete Flora Complex. This is the only project that is located in the very centre of the resort and would always be in demand to let.
FLORA RESIDENCE
Flora Residence is located in the very heart of the oldest ski resort – Borovets behind Flora Hotel and Apartments and will complete Flora Complex. This is the only project that is located in the very centre of the resort and would always be in demand to let.
This is a rare and unique opportunity to buy where the elite of Bulgarian society purchases property.
Flora Residence will be added to the existing hotel Flora and Flora Apartment house (4 star), which are occupied throughout the year. The existing hotel and apartments complex will offers the following facilities:
• Restaurant offering traditional Bulgarian and international cuisine
• Lobby Bar and Irish Pub
• Fitness Centre
• Jacuzzi, sauna and solarium
• Indoor swimming pool
• Darts, chess and games room
• Skis and ski boots storage room
• Shops
• Laundry
• Underground car park
• Secured outdoor car park
• Garden Barbeque facilities
• Fishing pond with trout is within a short walking distance from the hotel
• 24 hours security service throughout the year
The management of the hotel has applied for the casino license which will be in place by the completion of Flora Residence and will be located in Flora Apartments house. It has also been indicated to add the bowling alley to the existing facilities of the complex; the date is to be confirmed.
In addition to the above new facilities will be added to Flora Complex when Flora Residence is completed:
• Tennis
• Basketball
• Underground car park under the tennis court
• Ice Rink – the one and only currently in Borovets, which will be operating in winter only
The completion date is scheduled for late November 2006! Do not miss this last chance to buy and possibly let your apartment this season!
Built by one of the largest and the most reliable construction companies in the Bulgaria, this complex will give you assurance of good quality construction.
Flora Residence will comprise of 5 houses: Tulip, Daisy, Muy-Lily, Violet and Clover and at the initial stage of the release will offer around 130 apartments from studios to two bedrooms.
Daisy and Violet houses will offer studios apartments only up to the forth floor, the top fifth floor will offer two bedroom two bathroom apartments with superb floor planning.
The largest apartments will be located in Muy Lily house.
All houses apart from Tulip will have 5 floors; Tulip will have 5 floors and the attic.
This is a rare and unique opportunity to buy where the elite of Bulgarian society purchases property and the most established tourist destination in Bulgaria.
Payment plan
€1,000 (or £750) is payable upon reservation
30% less reservation fee is payable not later than 3 weeks of reserving the apartments and signing the preliminary contract
40% is to be paid when the rough works are completed (expected July – August 2006)
30% is payable on completion (estimated November 30, 2006)
Prices (pre-release offer):
Studio Apartments from €46,415.65 ( approx. £32,011 )
One Bedroom Apartments from €72,076.25 ( approx. £49,708 )
Two Bedroom Apartments from €122,762.50 ( approx. £84,664 )
Title Deeds
It is a standard practice in Bulgaria to declare the property at the Notary Public below the selling price value to minimize payment of local taxes. The property is normally declared at 60% of the selling prices and the client costs are calculated accordingly and should not exceed 3% of the declared value. VAT is included in the price, if declared valuation is accepted.
An exceptional quality investment opportunity in the region is on offer at present. The project "Super Borovets" has been recently approved by the local Municipality, which in conjunction with the major national businesses are investing heavily in to the region. Additional lifts are on the way, 5 start hotels will be built in the area in the next 3 - 5 years. Borovets will remain at the centre of the resort and construction will not be allowed in future, which increases the significance of this project in terms of capital appreciation.
Rocketing property values due to Bulgaria joining the EU in the near future and a candidate for 2014 Winter Olympics ensure that this is an exceptional investment in terms of returns.
Finance arrangements:
It is possible to arrange mortgages to buy a property in Bulgaria in the region of 7.5% (subject to change and your personal status). We can advise you on the procedures if this if of interest to you, however we do not guarantee to get you a mortgage as it would depend upon your personal circumstances.
Local Activities
Plenty of things to do in winter! Skiing is the major attraction of course. You can enjoy horse riding (there is a horse riding school in the resort), country walks. Borovets resort is located at the highest point in the mountains compared to Bansko and Pamporovo, which means that the snow stays longer there than at lower levels!
The resort is extremely popular in summer as well as in winter. It is the closest ski resort to Sofia (capital of Bulgaria) and very popular weekend break destination for Bulgarians who enjoy fishing, walking, cycling, gathering mushrooms. The air is crystal clear throughout the year! It is a national park of Bulgaria, which is a paradise for eco-tourists!
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 200 meters away from the lifts!
• 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 ResidenceinBorovets.
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.
Borovets is one of the mountain resorts where in 2014 the Winter Olimpics would take place in case the candidature of Bulgaria is approved. 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.
Property Summary
Offered by
Agent
Features
Pool, Tennis Court, Gym/Spa, Balcony, Terrace, Cable TV, Mountain View, Restaurant Offering Traditional Bulgarian And International Cuisine, Lobby Bar And Irish Pub, Fitness Centre, Jacuzzi, Sauna And Solarium, Indoor Swimming Pool, Darts, Chess And Games Room, Skis And Ski Boots Storage Room, Shops, Laundry, Underground Car Park, Secured Outdoor Car Park, Garden Barbeque Facilities, Fishing Pond With Trout Is Within A Short Walking Distance From The Hotel, 24 Hours Security Service Throughout The Year, Tennis, Basketball, Underground Car Park Under The Tennis Court, Ice Rink – The One And Only Currently In Borovets, Which Will Be Operating In Winter Only,
Contact information
Contact person name
Elena Genovese - Hot Properties Overseas Ltd
Phone numbers
0044(0)1619412070 (Office Hours) 0044(0)7870160449 (Out of Office hours)
Website link
bulgaria.property-gems.co.uk/
Photos
Tulip House
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Daisy House
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Flora Residence General View
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Violet House
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Clover House
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Site Plan
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Location Map
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