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Property for sale information

 
DEVELOPMENT LAND - BANSKO, CONSTRUCTION PERMIT FOR 36 APARTMENTS AND SPA CENTRE  
Reference nr: MP688730
Description:

Location
The site is situated in the outskirts of Bansko, five minutes drive to the Gondola and the ski area and ten minutes to the 18 hole par 72 golf course designed by Ian Woosnam. The views of Rila and Pirin mountains are spectacular across 360°, and the few developments taking place there are of a higher quality than those in the town.
Design
The complex has been designed by Vienna educated architect Vladimir Tashev, the designer of the 5 star Kempinski Hotel in Bansko. The alpine style in construction is combined with Bulgarian national style with some influence of the Rocky mountain chalets in Canada.
Description
The development comprises 36 luxurious apartments, with various facilities, and will function as a hotel. The complex benefits from hotel reception, lobby bar, room-service, Spa centre with indoor heated swimming-pool, restaurant with professional kitchen, laundry service, and staff to run the facilities. This meets the requirements of the two main markets for rental – the UK tour operators and independent local tourists from Bulgaria and the neighbouring countries.
Facilities
Hotel reception with concierge
Restaurant and professional kitchen
Lobby-bar
Property management office and staff on-site
Swimming-pool
Spa centre with sauna, jacuzzi, steam room
Gym
Ski room
Outdoor children’s playground
Hotel laundry facilities
Construction and Finishing
Building materials used in the construction will be of the highest quality, suiting the local climate and complementing the beautiful facade.
Traditional wood and stone exterior coatings
Wooden roofs with red tiles for charming finish
Tile flooring in living rooms
Concrete framework
Hydro and thermal isolation
Plaster-board on walls
Laminate wood floorings in bedrooms
Central-heating and hot water in all apartments
Cable TV connection
Broadband internet connection
Smoke alarms in all apartments, fire doors and other fire precautions


Return on the Investment

Developing the complex will secure any investor excellent return from the sales of the units and management of the properties and the facilities.

Features:
Private Swimming Pool
Ski
Spa
Submission Date:
11-02-2007
Last Update:
11-17-2009
Advertiser Details:


Name:
Rachel O'Dea

Company:
Privilege Estates

Phone:
0044 (0) 2074023327
Fax:
0044 (0) 2074023327
Mobile:
0044 (0) 7779297744

 
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Calculators

 
Property price: €70,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations