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Property for sale information

 
Orpheus Ski Apartments  
Reference nr: PG969993
Description:

Situated just 100m from the Gondola lift and 20m from the prestigious Kempinski Grand Arena Hotel, the 5 star Orpheus Ski Apartment House is in an outstanding location known as the ‘Premier Zone’ in Bulgaria’s number one ski resort, Bansko. This development offers the finest facilities in one of the true ski in, ski out locations in Bansko.
Owners of these off-plan apartments are expected to experience substantial capital investment growth and high potential rental income. A luxurious finish, comprehensive facilities and full property and rental management will be offered by this international development team, who have already completed two developments in Bulgaria.
Hotel facilities include a magnificent spa centre with individual private spa treatment rooms, steam room, sauna, indoor swimming pool, separate circulating hydro-jet pool, fully equipped fitness centre, ski wardrobe, restaurant, lounge with open fire, lobby bar and outdoor landscaped gardens with terrace and garden seating.
A top of the range building specification means that the apartments will have an outstanding finish including fully fitted kitchens with oven, hob, hood and fridge, fully fitted Roca or similar bathrooms with Spanish or Italian tiles, heated towel rail, accessories and hair dryer, warm and cool central heating system and a state of the art electric card entry system. A full 10 year building guarantee is also a standard feature.
Ownership of shares in a joint stock programme is also included in the price of the apartment. This program ensures that all owners will have management control of the development. The developers will provide continued active management as owners of the restaurant, lobby bar and spa and will fully manage the property on completion.
Investors in the development will further benefit from a guaranteed rental income at 7% of the apartment price over a minimum of three years. The 5 star ‘No. No, No’ rental guarantee programme ensures that the developer absorbs the risk of rentals at no cost to the investor. Investors will enjoy trouble free ownership and guaranteed rental income with
No hassle, No worries, No risk rental income.
Instead of paying property and rental management fees, utility charges and annual property taxes, investors will pay nothing
No management fees, No utility charges and No property taxes.
This programme ensures that that the investor will receive the full amount of the rental income from their property. Under this plan investors can stay for 4 weeks of the year in their own apartment. A further option is also provided whereby owners can stay in their apartments for 4 weeks during the high season and receive a guaranteed income of 5% of their apartment price.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 71,900
1 1 105,800
2 235,300
Features:
Golf
Private Swimming Pool
Ski
Spa
Submission Date:
12-14-2007
Advertiser Details:


Name:
Phil Grimes

Company:
Select Property Overseas

Phone:
0044 845 430 1404
Fax:

Mobile:
0044 7970 189967

 
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Calculators

 
Property price: €71,900
 

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