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Property for sale information

 
Balkan Ski Pods  
Reference nr: TW889061
Description:

Balkan Ski Pods
Bulgaria, Bansko

• Situated only 500m from the Gondola Lift Station
• Exceptional rental potential of above 6%
• Prices from € 39,325
• Due for completion November 2009

Perspective

Located north of the 4 star Tanne Hotel, this project boasts compact and cosy apartments with pleasant mountain views.

• Situated only 500m from the Gondola Lift Station
• Includes sauna, steam baths and fully equipped gym facilities
• Access to landscaped communal gardens with outdoor barbecue
• Within close proximity to restaurants, cafes and bars
• The development has exceptional rental potential, with an anticipated gross rental return of above 6%.

Location

Situated near the Tanne Hotel and only 3 minutes to lifts by the minibus shuttle, this project has all the facilities needed at hand. The Balkan Ski Pods are located amongst beautiful landscapes with hills, valleys, several lakes and a river, and is a paradise for summer holidaymakers who choose sports and leisure activities like trekking and mountaineering.

Bansko is the newest and fastest developing ski resort in Bulgaria. Unlike Borovets and Pamporovo, it has managed to combine the latest technological developments with the authentic atmosphere of a Bulgarian village. It has the qualities of a unique settlement with a large number of cultural monuments and traditional architecture. Bansko is exceptional in that it attracts visitors in both the summer and winter resulting in a high demand for accommodation.

‘’Bulgaria is one of the fastest growing tourist markets in Europe and one that The World Tourism Organisation predicts to welcome in excess of 20 million tourists by 2020’’

Along with an increase in house prices Bulgaria is a secure investment opportunity, offering excellent long term returns and year round rental potential.

‘’Bulgaria topped the table for house price growth in 2007……
Bulgarian house prices rose by 30.6%.’’

Payment Plan A

• Advance 10% (due within one month of reservation)
• Foundations 15% (August 2008)
• Roof and property transfer 20% (May 2009)
• Completion 55% (November 2009)

Payment Plan B - 5% discount on the price

• Advance 40% (due within one month of reservation)
• Foundations 0% (August 2008)
• Roof and property transfer 20% (May 2009)
• Completion 40% (November 2009)

Bedrooms: Bathrooms: Price (€):
2 1 104,085
Features:
Golf
Submission Date:
03-03-2008
Advertiser Details:


Name:
Glenda Lazare

Company:
Avatar International

Phone:
020 8332 8670
Fax:
020 8332 8679
Mobile:

 
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Calculators

 
Property price: €104,085
 

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