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Property for sale information

 
Summit Lodge  
Reference nr: RP526646
Description:

Summit Lodge is a stunning four star development situated in the picturesque town of Bansko, Bulgaria’s leading ski resort and Europe’s most up and coming low cost ski destination. With excellent ski facilities and slopes, lower cost of living, cheaper ski passes and high quality ski equipment, Bansko is set to become a serious contender to the better known ski destinations throughout Europe.

Location overview

The development is located just 400 metres from the main gondola and 5 minutes from Bansko’s quaint town centre. It is 160km from the capital Sofia, where the newly improved international airport is located, and 180km from Plovdiv, the second airport that services Bansko. In addition to the many infrastructural improvements Bulgaria is undergoing, Bansko is in the preliminary phases of a proposal to construct a new airport. This airport is planned to service Bansko all year round as it is not only a popular ski resort in the winter season but also a superb summer destination. A highway is currently in progress between Sofia and Kulata, a town close to Bansko on the Greek border. It is estimated to be completed by 2008 and to cut the travel time to Bansko from Sofia by 30 minutes.

Development Location

The development is located in an excellent position: 400 metres from the existing main gondola station, 390 metres from the newly proposed gondola station and with one of the best views of the towering Pirin Mountains. A series of footbridges over the River Glazne are scheduled to be built by the municipality this coming season that will further improve access to the gondola stations. These are due to be completed for the 2007 ski season.

Development Overview

The development itself, rising 4/5 storeys high and located on the West side of the Glazne River, comprises of 119 one bedroom apartments, 99 two bedroom apartments all with Master ensuite bathrooms and three 3 bedroom apartments all Master ensuite bathrooms.

The housing complex consists of three separate buildings - Building A, Building B and Building C.

Each of the buildings has its own entrance. The exposure and the functionality of the buildings is a priority - there is a lovely residential area inside the complex designed in the same style as the housing estate.

Most of the apartments come with excellent views of the Pirin or Rila mountains. Occupants of the planned development will benefit from a number of retail shops, a restaurant, lobby bars, excellent spa centres, a bowling alley in the adjacent building (White Oaks: built by Platinum Developments) and, of course, the warm glow of open fires in the lobby area.

The building will be monolithic, made of reinforced concrete beamless construction. Partition and external walls will be made of ceramic bricks with thermo insulation. The building will be finished with mineral colored plasters.

The architectural style of the building is dominated by the pitched roof and stone walls-a mix of modern and traditional Bansko architecture. Local natural materials are used in the construction such as the stones for the exterior walls and wooden features. High quality modern materials and technologies are used throughout the interiors and

Bedrooms: Bathrooms: Price (€):
1 1 67,000
2 1 107,200
Features:
Ski
Submission Date:
01-24-2008
Last Update:
10-02-2008
Advertiser Details:


Name:
Richard Parker

Company:
International Dreams Ltd

Phone:
0044 203239 9430
Fax:

Mobile:

 
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Calculators

 
Property price: €67,000
 

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