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Property for sale information

 
Edeland Ridge  
Reference nr: PG722025
Description:

Ideally located at the entrance to the Ian Woosnam designed golf course, Edeland Ridge is an exceptional 5 star off-plan development consisting of 360 fully furnished apartments and a spa and wellness hotel.

The spa hotel will offer a wide range of both indoor and outdoor facilities and services which will be preferentially offered to apartment owners. These include:

• Spa Centre incorporating Turkish Bath, Steam Bath, Roman Bath, Solarium, Sauna, Jacuzzi, Massage rooms, Aromatherapy and balneology mud therapy
• Indoor swimming pool
• Fitness centre
• 2 Restaurants
• Cocktail bar
• Volleyball Court
• Basketball Court
• Badminton Court
• Ice Skating rink
• Children playground
• Cinema
• Business centre and Conference halls
• Parking
• Individual ski and golf lockers

The apartments are arranged in 4 residential buildings built in traditional style and together with the hotel are set in 16,000 sqm of landscaped gardens. Their contemporary functional layout allows maximum flexibility when planning according to personal requirements.

All apartments will be finished and furnished with high quality materials and will feature central heating which will be under floor in the tiled hallway, kitchen and bathroom areas. Bathrooms will be furnished with baths, sinks and basins and kitchens will have a sink, hot plates, fridge, extractor and microwave oven; two bedroom apartments will also have an oven. Living and bedroom furniture includes beds, wardrobes, dining table and chairs, sofa, coffee table and TV. Different options for the furniture packs will be offered nearer the completion date.

Apartments and the hotel all benefit from 24 hour security and a 24 hour reception service as well as a Ski and Golf equipment rental service. A shuttle bus will transport skiers the 6km distance to the ski lift of Bulgaria’s premier ski resort, Bansko.

Completion of the development is expected to be in March 2010 so all apartments are offered on a long term payment plan and some are offered with a 10% net guaranteed rental income over 2 years following completion.

The Ian Woosnam golf course is the first of eight golf courses planned for the immediate area which, once completed will make Bansko a true four season golf / ski resort.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 37,224
1 1 70,463
2 1 95,463
Features:
Furnished
Golf
Private Swimming Pool
Ski
Spa
Submission Date:
12-17-2007
Last Update:
10-28-2008
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: €37,224
 

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