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Property for sale information

 
Alpen Lodge  
Reference nr: Alpen
Description:

Alpen Lodge is a 5 star development located in the all seasons resort of Bansko. The Alpen Lodge combines traditional styles with modern luxury features and technologies. The design will ensure the maximum use of light and space in all areas, offering a unique personal and communal living environment. Luxury and quality are evident throughout the building. With superb panoramic views of the three mountain ranges, The Alpen Lodge, has been designed to absorb this dramatic scenery and the beauty of the area. This theme has been further developed for ground floor apartments which have a private patio and garden areas. Located in the most sought after area of Bansko, the Alpen Lodge offers perfectly designed apartments with five star facilities. The development is centrally located and is within easy walking distance of the Ski lift and the town centre. The unique combination of excellent design, unrivalled facilities and perfect location, makes the Alpen Lodge a superb investment opportunity.

BANSKO is a small Bulgarian town at the foothills of Pirin mountain - a natural preserve included in the World Natural Heritage list just 2 hours drive from the capital Sofia. Pirin is the second highest mountain in the Balkans with 2 peaks towering above 2900 m. The town offers a host of activities which include Skiing, snowboarding, fishing, horse riding, golf, tennis, conducted tours to Pirin National Park, heel-and-toe walk, thermal spring water bathing, sightseeing, parachuting, spa procedures and treatment, massage, hunting, night-time amusements.

PAYMENT STRUCTURE
35% Deposit - within 28 days of reservation
25% Due upon completion of foundation
20% Due upon rough construction (completion of the roof) - expected August 2007 20% Due upon completion - expected February 2008

COMPLETION DATE
Feb 2008

Construction Company
Decosstroy is a Bulgarian Construction company with a proven track record, not only in Bansko but the costal areas also. The style of the development is modern whilst being sympathetic to the local vernacular. As expected, Alpen Lodge is designed to meticulous standards and particular attention is paid to incorporate the maximum amount of natural light. Architectural detail throughout each of the 111 luxury apartments and the communal recreational facilities has been of great importance to all involved in this development all apartments will be delivered finished internally to a high standard to include luxury fitted bathrooms. Apartment sizes include balconies.

Management Company
Stiltak Property Management: will manage Alpen Lodge and have a vast experience managing properties in the Bansko area. This company will provide a management service for a purchasers and offer maintenance services at a cost of €10 per sq. m annually. The fee covers 24hr security, maintenance and cleaning of the common areas, installations, maintenance of lifts, lighting and heating of common areas

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 49,000
1 1 79,000
2 1 109,000
Features:
Ski
Submission Date:
03-28-2007
Last Update:
07-03-2007
Advertiser Details:


Name:
Liz Maher

Company:
Imagine Property Network

Phone:
1850 200 780 or 091 730104
Fax:

Mobile:

 
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Calculators

 
Property price: €49,000
 

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