Villa Park Mountain Residence In The Heart Of Borovets!!!
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Property For Sale Or Rent: Villa Park Mountain Residence In The Heart Of Borovets!!!

Bulgaria

Borovets, Samakov Region
Borovets
Bulgaria


Property for sale: 50,974 € - 111,720 €

Apartments For Sale in Borovets, Samakov Region, Borovets Bulgaria

Villa Park Spa and Mountain Residence in Borovets


Villa Park is another rare and unique opportunity to buy in the centre of Borovets ski resort – the oldest and the easy to reach resort. Villa Park is situated only 5-7 minutes walk to the nearest ski lift and would make a perfect investment or winter holiday getaway.
Villa Park Spa and Mountain Residence in Borovets


Villa Park is another rare and unique opportunity to buy in the centre of Borovets ski resort – the oldest and the easy to reach resort. Villa Park is situated only 5-7 minutes walk to the nearest ski lift and would make a perfect investment or winter holiday getaway. Unbeatable facilities (indoor swimming pool, fitness centre, spa etc) as well as the prime location to the centre of Borovets resort makes it perfect buy to let investment!

The residence comprises of luxury apartments – studio apartments, seven 2-bedroom and forty-nine 1-bedroom apartments with an area of between 74 – 128 m².

Villa Park’s facilities:

• 24 hour front desk and concierge
• Security system
• Safe-deposit box
• Underground parking
• Lift
• SPA centre, including indoor heated swimming pool, fitness, saunas, steam bath
• Ski storage
• Restaurant (80 seats), lobby bar (20 seats)
• Shops
• Green areas and open-air kindergarten with outdoor decorative lighting
• Laundry and ironing
• Management and support


The building


• The area of the lot on which the residence will be built is 3,000 m², and the total built up area of the building is 7,100 m². Villa Park will be provided with:
• High quality heat insulation
• A balcony for each apartment
• Splendid view of the Rila’s peaks or of the centre of Borovets


SPA Center facilities:


• Indoor heated swimming pool
• 2 saunas
• Steam room
• Massage rooms
• Aromatherapy
• Thalasotherapy
• Water massage
• Fitness
• Coffee bar


The apartments

The residence comprises of 56 luxury apartments – seven 2-bedroom and forty-nine 1-bedroom apartments with an area of between 74 – 128 m². All the apartments will be finished with high-quality materials:

• Carpet covering or laminated flooring in each apartment
• High-quality terracotta floor tiles in the bathrooms and the kitchens
• Fully furnished bathroom and WC, including shower cabin and all kinds of accessories
• Internal walls covered with gypsum plasterboards


Full furnishing

Owners could choose between 4 furnishing packages. Each package includes everything necessary for the apartment to be ready for use or to be rented.

• Bedroom – beds, wardrobe, cupboard, bedside table, night lamps, bedding and blankets, curtains or window blinds
• Kitchen – cooker, microwave oven, refrigerator, dining table, chairs, and kitchenware
• Living room – sofa and armchairs, TV set, TV table, shelves, curtains or window blinds.
• Corridor – coat rack, cupboard, mirror


Equipment

All apartments will be equipped with:

• Heating system
• Aluminum radiators
• Security alarm system
• IP telephone connection
• High speed internet access
• Cable TV
• Lighting
• Fire alarm

Reservation and payment plan


• An apartment can be reserved with an initial payment of €1,000 deductible from the first installment
• First payment: 20% less reservation fee– within 5 (five) days after signing the preliminary sale-trade agreement; 10% of the sale price will serve as a deposit that guarantees the buyer’s obligation to sign the final agreement.
• Second payment: 40% – within 5 (five) days after the roof is finished.
• Third payment: 30% – within 5 (five) days after signing Protocol ?15 – document evidencing the qualities of the construction. Expected to be not later than 31 December 2006
• Last payment: 10% – within 5 (five) days after receiving the right for use for the building. Expected to be not later than March 2007
Option: Buyers who pay 90% of the sale price within 3 (three) days after signing the preliminary sale-trade agreement, receive a discount to the amount of 5% from the sale price.


Price range:

Studio apartments from €50,974 to €57,846

One bedroom apartments: From €104,272 approx. £114,683

All Two bedroom apartments are now sold.

Terms for completing the construction and signing the final agreement

The building should be completed till 31st December 2006. The final agreement for the transfer of the ownership of the property by means of a Notary deed will be signed within 2 (two) weeks after receiving the permission for the exploitation of the building. It is expected to happen around 31st March 2007.

Maintenance and management of the property

First class property management services will be provided by the seller. The annual service charge of 5.5 euro per sq. m. will cover: cleaning and maintenance of the common areas of the building and the elevators, maintenance of the garden and the open-air kindergarten, common lighting and electricity as well as all other services connected with the common areas of Villa Park.
Buyers may choose a lawyer themselves. In case they do not have a certain lawyer we can recommend them law offices that are specialized in such matters.

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 30-40% of the selling prices and the client costs are calculated accordingly and should not exceed 3% of the declared value.

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 Residence in Borovets.

Super Borovets resort plans for investment (click here to read the articles)

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   Laundry Room, Gym/Spa, Terrace, Mountain View, • 24 Hour Front Desk And Concierge, • Security System, • Safe-Deposit Box, • Underground Parking, • Lift, • spa Centre, Including Indoor Heated Swimming Pool, Fitness, Saunas, Steam Bath, • Ski Storage, • Restaurant (80 Seats), Lobby Bar (20 Seats), • Shops, • Green Areas And Open-Air Kindergarten With Outdoor Decorative Lighting, • Laundry And Ironing, • Management And Support,
Contact information
Contact person name   Elena Genovese - Hot Properties Overseas Ltd
Phone numbers   +44 161 941 2070  (Office hours) +44 7870 160 449  (Out of office hours)
Website link   bulgaria.property-gems.co.uk/
Photos




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