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Property for sale information

 
Apartments in Residence in Bansko  
Reference nr: TM596209
Description:

This Residence benefits of its great location, less than 100 meters from the main list station. Located in the “Stragite”, neighbouring “Kempinski Hotel” the apartment complex grants marvellous views toward Pirin Mountain.
We are glad to present you this beautiful Residential Complex on the river side of Bansko!
It offers a great selection of precisely designed studios, 1-bed, 2-bed apartments, Most of them with marvellous mountain views.
The Complex offers you a secure and exciting opportunity to invest in a luxury development in the Mountain and to own a home in Bulgaria – one of the most up and coming holiday destinations in Europe.

1. Facilities
Complex offers about 150 apartments, all fully finished and furnished. As well as the exceptional facilities, the complex will provide an oasis for both the business and leisure travellers with seamless four star excellence,informal sophistication and warm and genuine Bulgarian hospitality.
- A nice selection of apartments with fireplace in the living rooms with open plan kitchen area.
- Spa Centre carefully designed for your comfort and convenience
- Indoor swimming pool
- Gym
- Massage room
- Sauna
- Reception and tourist office
- Lobby bar
- Restaurant
- Meeting rooms
- Shop
- Laundry
- Ski wardrobes
- Underground parking spaces
- 24 hours security, CCTV cameras
- In the inner garden open terraces will be built in a way to provide you with more places for relaxation!

2. Construction Schedule & Payment Plan
Construction Schedule:
Start of construction Oct 2007
Rough construction finished Dec 2008
Project completion date Dec 2009
Ready to move in Dec 2009

Payment Plan
Option I (offer valid for all reservations made before 31st Dec 2007)
20% upon signing preliminary contract
20% April’2008
30% Oct’2008
20% Apr’2009
10% on exchange (Dec 2009)

Option II
40% upon signing preliminary contract
30% Dec’2008
20% Apr’2009
10% on exchange (Dec 2009)

3. Maintenance & Property management
A maintenance fee of 10 Euro per sq.m, excluding VAT is allocated for the first year of operation.
A management contract is available for your comfort together with the purchase agreement. Based on the specific climate and area attractions, we expect between a 5 to 6% return on capital for an average price apartment!

Typical 1-bedroom Apartments at this Residence
1-bedroom apartments are precisely designed and offer specious bedroom, perfectly furnished dining room, completely equipped kitchen area and large terrace, where you can relax and life in the open air.
Similar sizes to choose from you can find in all five buildings of the Residence, where view or exposure could be your leading feature.
Features:
- Comfortable double bedroom
- Separate bathroom with washbasin and shower
- Completely furnished living area with fireplace
- Heating system
- Equipped Kitchen area with refrigerator
- Marvellous Terrace
- Basement

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 28,256
Features:
Ski
Spa
Submission Date:
12-14-2007
Advertiser Details:


Name:
Tzvetanka McFadden

Company:
Imoti Bulgarian Properties

Phone:
353 01-6216691; 087 6202989
Fax:

Mobile:

 
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Calculators

 
Property price: €28,256
 

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