Cedar Lodge ІV shares the same location and facilities as the highly successful Cedar Lodge III. We are delighted to have secured what we consider to be the best location of any apartment development in Bansko.
Near to the Glazne river and the main lift in Bansko, it represents the closest apartment development to the gondola station. With direct access to the gondola via a pedestrian bridge, the development is a premier property for Bansko. In addition, the excellent on-site facilities make the property highly desirable for all year round rentals.
A number of tour operator deals have already been signed reflecting its excellent rental potential.
This five star rated property combines uncompromising luxury with the most competitive prices on the market and best practice building quality.
The extensive piste and lift system of Bansko are now being complemented by a further 30km of piste. Bansko Resort recently announced an extension to the existing lift and piste system making Bansko even better value for money as a mountain sport destination.
Below are details of the facilities:
* Full size indoor swimming pool
Saturday, August 25, 2007
CEDAR LODGE
Monday, August 13, 2007
Mountain Romance Razlog
BANSKO & PIRIN GOLF COURSE
All SEASON RESORT
Pirin Golf Course is situated 160km south of Sofia in hеart of the Bansko- Razlog Valley.
The new golf course it will be just on 3km distance when the new road, Pirin Golf course- Bansko Gondola station, will be completed.
The Designer of the golf course is the world famous company IMG- GOLF DESIGN and personally world champion of golf IAN WOOSNAM.
The project has started in 2006 and is due to be finished during the Summer 2008.
There are plans for further golf courses nearby which will truly make Bansko a golfing destination.Unlike most resorts in Europe in Bansko you will be able to ski and golf in the same day!
According to the Ski Club of Britain Bansko is the “best developed ski resort in Eastern Europe" and an article recently in the Daily Mail describes it "as the hottest new ski resort on the planet." Igluski.com gives Bansko 17 stars and Val d’Isere 13 stars current as at February 2006. At the moment there are approximately 65km of slopes but there are plans to expand the slopes in the coming years to include over 200km.Bansko enjoys up to 3m of snow cover per year and is reckoned to enjoy the best snow cover in Bulgaria. It has always been the resort of choice for Bulgarians and is the main resort which forms part of Bulgaria’s bid for the Winter Olympics 2014.The lift system in Bansko is the most modern lift system in Europe having opened for service in December 2004. The season is long and lasts from December to early May.
In addition there will also be a horse riding centre, mini football pitch, volleyball and baskeball pitches and two tennis courts in addition to an array of shops and restaurants.Bansko and National Pirin Park attract tourist all year around with the snow peaks, the beautiful lakes and paths for hiking, mounting biking, rock climbing during the summer.
No country in the World has more thermal springs per kilometre than Bulgaria. It has some 500 deposits of mineral waters with over 1, 600 water sources. These are localised chiefly at the mountain foothills. Amongst the spa resorts of national significance are Sandanski and Momin Prohod. The spa towns date back to Thracian and Roman times and are within driving distance of Bansko.
MOUNTAIN ROMANCE II - an exclusive development, situated at the foot of the Pirin Mountains in the Bansko-Razlog Valley beside the site of an 18 hole Golf course and one step away from Europe's most improved ski resort of Bansko.
Mountain Romance is perfectly situated just 200m from the Main Entrance of the Pirin Golf, on the corner of two roads, which guarantee no distraction of the view towards the stunningly designed 'Ian Woosnam' golf course, Pirin Mountain and on the North- Rila Mountain.
The development will consist of spacious Studios and one Bedroom apartments. The apartments are designed as ***** 5 stars luxury according to the standards approved by the Ministry of Economics: size of the room - 20.4sq.m size of the bathroom – 6.00sq.m depth of the balcony – 1.50m, with a size of 4.50sq.m entrance hall – width, including build in wardrobe 1.70sq.m
One will be able to enjoy the spectacular views onto the golf course and mountains, whilst enjoying the industries leading leisure facilities, including Spa Center with swimming pool, fitness centre, sauna, jacuzzi, restaurant, bar, 24 hour room service, 24 hour security. an exceptional combination of Golf, Ski & Spa .
As an investor you can be sure that we will place you in the best possible position to maximize your returns.
The project is for 195 apartments from which:
132 studios with size: from 24sq.m to 42sq.m
63 apartments with size: from 34sq.m to 70sq.m
FEATURES and FASILITIES
● Swimming Pool
● Spa and Wellness Centre
● Sauna
● Steam Room
● Jacuzzi
● Relaxation area
● Massages rooms
● Poolside bar
● Fitness Centre
● Aerobic
● Weights area
● International cuisine Restaurant - internal/external with open barbecue
● Lobby bar
● Internet business centre
● Conference hall
● Reception Area
● 24 Hour Room Service
● Kinder garden
● Billiards pools
● Table tennis
● Property management and Letting services
● Shuttle Bus to Bansko
● Ski and Golf Equipment Storage Facility
● Laundry and dry cleaning Area
● Wifi Internet Access
● Satellite TV Connections
● Fire Alarm System
● Generous Sized Apartments
● Private Terraces
● Underground Parking Spaces
● Elevators
● Secure Entrance/Exit
● 24 Hour Security
INTERIOR DESIGN
Mountain Romance 2
The interior design include two furnishing packages to simplify the purchasing process or you and to achieve the best possible value for money. We have checked to ensure the furniture packages we are offering meet the quality and safety standard set by holiday rental companies operating in this market and are complete in terms of their full Inventory requirement.
● Living room: Flooring - carpet first quality. Walls and ceilings - plaster coating and latex
● Bedrooms: Flooring - carpet first quality. Walls and ceilings - plaster coating and latex
● Kitchen: Flooring - terra-cotta
● Bathrooms: Flooring - terra-cotta and faience the bathrooms and the toilets shall be furnished according to the architectural plan
● Entrance hall: Flooring - terra-cotta. Walls and ceilings - plaster coating and latex
● Balconies - granite, wooden railings, mineral plaster
● Joinery - PVC
● Inside & Outside doors - MDF
● Electric radiators installed in each room
Optional - dishwashing machine, washing machine and air conditioners.
DEVELOPER
The Developer of the project is ITAVA LTD. The company is specialized in design, building and selling the developments in Bansko region.
Their first project, called Mountain Romance I was successfully completed in 2007.The further strategy of the company is to concentrate on the design of Apartments complexes. Relating on the experience they gain over the years, relationship with the clients and the partners, ITAVA LTD created clearly idea of the requirements of European clients and specially of the British, which are the major buyer of real estates in Bansko.
ITAVA LTD is an investment group specialized on developing and investing in the Bulgarian real estate market. The company criteria used in choosing the locations are:
- Prime strategic and perspective location,
- Infrastructure,
- Current and future contingent developments
ARCHITECTURE
The project is being designed exclusively by ORTHOS DESIGN Ltd. which is very successful and professional architectural company in Bulgaria.
Some of the projects that has been successfully completed by the company include the Building company:
Top candidate to build the project is ………………………………………………………………..
…………………………………………………………. is one of the biggest and dynamically developing company whose outstanding track record in the construction industry has made it a preferred business partner and has established its brand name as a symbol of quality, speed and innovation.
Some of the projects that has been successfully completed by the company feature the ……………………………………………………………………………………………………………………………
PRICE AND PROFIT
OFFER
ITAVA LTD offers you to double your money for less than TWO YEAR time. If you wish to start building an apartment complex in Bulgaria we have all you need:
1. Prime location of the plot of land – the best selling point of the apartments, 200m from the main Gate of the Golf course
2.arhitecture plans
3. Permission to build issued by Municipality of Razlog
We have strictly prepared the package of documents and that has taken over a year:
1. buying the land
2. changing the statute of the land from agriculture into land in regulation are ready to build
3. design of the whole the complex according to the requirements of the buyers
4. co- ordinate of the architecture plans with Razlog Municipality and issued the Permission of building
The best of this offer is that the project is ready to start bring you some returns the day after you purchase it, in another words you can start selling . The survey we have made shows that 25% of the apartments are enough to finance and secure the building of the development.
Price for the Designed Project & Land
Build up area 12 000 sq. m
4 000 000 Euro
* please see the attached files with the Price lists of some other developments near by the Golf course. All the projects are OFF Plan and even the Building work has not commenced yet. The expected price for the completed project in that area - min. 2 000 Euro per sq. m.
REASONS TO BUY
Would like to have invested in Spain 20 years ago?
Bulgaria is emerging as a popular year round holiday destination, with beautiful sandy beaches to enjoy in the summer and some of the best skiing conditions on offer in the winter, all this at a lower cost than other European destinations. Accession into the EU will benefit the country immensely, improving roads, strengthening the economy fUrther and also improving living and working conditions. Because of this, Bulgaria is gaining a reputation as a perfect ‘get away' as well as an incredible opportunity for the discerning investor.
● Low Prices - property prices are among the lowest in Europe.
● Lower Cost of Living - considerably cheaper expenses for your everyday cost of living compared to Spain, Greece or Portugal. Cost of living is the lowest in Europe;
● Political Stability and growing economy - political and economic reforms are in progress in a favourable political climate;
● Member of Nato - a recognition of the country’s past efforts as well as a guarantee for its safe future;
● Joining EU in 2007 - persistence in meeting all the requirements has become Bulgaria’s emblem placing the country on the clear path towards 2007 EU membership;
● Healthy Climate and Life-Giving Waters - more than 300 sunny days per year. Average yearly temperature 10.5°C.
● Excellent investment potential - due to the country emerging the way it is in all areas, capital appreciation is high, making excellent returns on investment. Fast developing real estate market, with significant foreign investment
● Extremely Varied Landscape - warm, sunny beaches and cool alpine mountains – just several hours’ drive from each other;
● Easy Access - just over three hours away from most British airports;
● Friendly Atmosphere - bulgarians are warm and hearty people, renowned for their hospitality to foreign visitors;
Sunday, August 12, 2007
Mountain Romance Bansko
We are pleased to offer 28 luxury apartments in The Mountain Romance Hotel for sale as either as investment or fully serviced apartments.The hotel is located 600 metres east of the gondola lift and a 7 minute walk into Bansko town, each apartment will have either south, east or westerly views towards the beautiful Pirin mountain range and Rila mountain.
The permission for living has been issued for the whole complex and all the apartments are superbly finished and furnished.
● Luxury SPA centre offers to guests of the hotel:
The Spa center combines an incredible variety of relaxation therapies and cosmetics procedures with rehabilitation effect and a favorable influence over the mind, body and spirit.
◊ Jacuzzi ◊ 2 Steam baths, one of them individual ◊ Sauna
◊ Bath tub with a Spa procedures ◊ Relaxation Area
◊ Telasso and Aroma therapy
◊ Massage rooms ◊ Gym
◊ Beauty salon for face treatments
On site facilities:● Restaurant (traditional style tavern with BBQ) ● Reception desk ● Security (24 hours)● Ski and ski boots storage depot ● Laundry services
● Landscaped gardens
● Outdoor children's playground
● Parking plots
● Cable TV with 30 international channels installed ● High speed Internet ● Telephone land line (BTK)● Fire-detectors
● Property and rental management services
● Good Profit potential from 8% to 10% per annum.
Best option for Payment plan:
70% - on signing the Preliminary Contract (within 30 days after the reservation)
30% - within 60 days after the reservation
Properties can be reserved for a non refundable reservation fee of € 2000 (approx £1400). This reservation fee is deducted from the initial payment
Technical details:
All the apartments are luxury finished with the highest quality materials:Warranty- 10 years construction warranty
1. Floors- Wooden floor laminate in the living rooms and in the bedrooms- Terracotta tiles in the bathrooms- Granite tiles in the kitchen area and in the corridors2. Walls
- 5sm. outer isolations for max. heat protection
3. WC- The bathrooms and WC fully fitted –cubicle, bath tubs and all accessories4. Doors and windows
- Solid doors and four times glazed windows
5. Heating System- Modern individual heating system with radiators, making your ongoing maintenance cost considerably lower, compared to other types heaters.
Options for:
- Fire place in the living rooms - Cable TV with 40 international channels installed - High speed Internet - Telephone landline (BTK)- Fire-detectors
Maintenance of the communal area:
The annual maintenance fee is 8 EURO /without VAT/ per sq.m. and will cover the following:• Maintenance of the garden.• Maintenance, cleaning and electricity bills of the common parts (corridors of the hotel).• Security and looking after the hotel.• Standard repairs occurring from the normal use of the building
Managed Rental Option:Apartments purchased in The Mountain Romance Hotel can be rented privately through a managed rental scheme operated from the hotel website and reception. This agreement can be signed on an annual basis for the reception to rent the apartments out on behalf of the buyers. As the residence is operating as a hotel, the ‘Hotel’ will rent out the apartment as a hotel room whenever the buyer’s apartment is available, the buyer agrees a schedule with the reception. For this service, the ‘Hotel’ will charge the owner 20% of the gross rental income. Those wishing to rent apartments in the hotel will be able to reserve online and owners of the apartments will be able to check the status of their apartment and confirm which periods it is occupied. It is estimated that the owners will receive a net income of 8-10% of the property price when taking up this managed rental system.
Property Management:
A first class property management service can be provided which includes management and maintenance of all documentation relating to the apartment, organisation of any maintenance required at the property, payment of expenses relating to the property to third-party suppliers: e.g.: bills for power and water supply, cable TV, Internet subscription, cleaning and the general maintenance of the apartment, organisation of the issue of any categorization papers, licenses and similar required by the law for the short-term or long-term rent of the property, filing and submission to the tax office of the annual tax statement and payment of tax due by the apartment owner for income relating to the rental of the apartment and other reception, key and registration services as required by Bulgarian law.
British embassy in Sofia
BRITISH EMBASSY IN SOFIA
Contact Details:
Address: British Embassy9 Moskovska StreetSofia
Telephone: (359) (2) 933 9222
Facsimile: (359) (2) 933 9219
Chancery(359) (2) 933 9250
Management(359) (2) 933 9289
Defence(359) (2) 933 9279
Commercial(359) (2) 933 9263
Visa/Consular(359) (2) 933 9233
(DfID)(359) (2) 942 4344
British Council
Email: britembcon@mail.orbitel.bgbritembvisa@mail.orbitel.bg - Visa Section
Office Hours: GMT: Mon-Thurs: 0630-1530 Fri: 0630-1100Local Time: Mon-Thurs: 0830-1730 Fri: 0830-1300
Website: http://www.british-embassy.bg/
EMBASSY OF REPUBLIC OF BULGARIA
Contact Details:
186-188 Queen's GateLondon SW7 5HL
Telephone: 0870 060 2350,0870 0602351
Facsimile: 020 7584 4948
Е-mail: info@bulgarianembassy.org.uk - Where possible, please contact the relevant department.
Opening hours: Monday-Friday 09.00 - 18.00
Consular Section Admission Hours: 9.30 - 13.00 hrs, Monday to Friday
(Urgency Admission Hours: 13.00 -14.30 hrs, Monday to Friday until 30 June 2005)24 Hour Automated Booking System: tel. 090 6554 0750
24 Hour Visa Information Service: tel. 090 6550 8950
24 Hour Fax on Demand
Visa Application Form Service: tel. 090 6554 0819
Individual Inquiries on Submitted Applications: tel. 020 7589 3763 (13.00-15.00)
Consular Section Fax: 020 7581 9073
Commercial Section: Monday-Friday 09.00-18.00, fax: 020 7589 4875
Elinor Bansko 3
Three levels building in the north part of Bansko
Distance from the ski-lift: 1000 meters
Distance from the bus station: 200 meters
Distance from the centre of Bansko: 300 meters
On the ground floor three apartments, consisting of a living room, kitchen, bedrooms, bathrooms, verandas. One café-bar and two shops.
On the first floor there are five apartments consisting of a living room, kitchen, bedrooms and bathrooms, balconies and verandas.
On the second floor there are five apartments too consisting of a living room, kitchen, bedrooms and bathrooms, balconies and verandas.
On the terrace-shaped upper floor are three apartments consisting of a living room, kitchen, bedrooms and bathrooms.
Every apartment is with a toilet and bathroom.
Condition at accommodation:
Each apartment is conveyed for sale unfurnished. We are able to recommend companies for kitchen furniture. Everything else is projected as follows:
Living room: Floor –laminated parquet; walls – acrylic paint; ceiling – acrylic paint; windows – laminated PVC;
Bedrooms: Floor – laminated parquet, walls and ceiling – acrylic paint, windows – laminated PVC;
Kitchen: Floor – laminated parquet, walls and ceiling – acrylic paint;
Bathrooms: Floor – terracotta, walls – terracotta tiles up to the ceiling, ceiling – PVC;
Terraces: Floor - terracotta;
Doors: Outside doors of MDF with wooden veneer, secret locks, inside doors with HPL veneer, locks;
cable TV terminal; telephone terminal.
Elinor Bansko 2
PRICES FROM 700 EURO PER SQ.METER
Additional info
In the north part of Bansko
Distance from the ski-lift: 1000 meters
Distance from the bus station: 200 meters
Distance from the centre of Bansko: 300 meters
Every apartment is with a toilet and bathroom.
Condition at accommodation:
Each apartment is conveyed for sale unfurnished. We are able to recommend companies for kitchen furniture. Everything else is projected as follows:
Living room: Floor – laminated parquet; walls – acrylic paint; ceiling – acrylic paint; windows – laminated PVC;
Bedrooms: Floor – laminated parquet, walls and ceiling – acrylic paint, windows – laminated PVC;
Kitchen: Floor – laminated parquet, walls and ceiling – acrylic paint;
Bathrooms: Floor – terracotta, walls – terracotta tiles up to the ceiling, ceiling – PVC;
Terraces: Floor - terracotta;
Doors: Outside doors of MDF with wooden veneer, secret locks, inside doors with HPL veneer, locks;
cable TV terminal;
telephone terminal.
Snow Lodge 2
THE COMPLEX
Five-star SNOW LODGE II GOLF & SKI RESIDENCE is designed to be a complex and a holiday place – an extension of SNOW LODGE I HOUSING ESTATE. It is situated near ski resort Bansko and the balneology center in the village of Banya, on the international golf playground with 18 holes. The luxury apartment building is designed in the typical architectural style of Bansko and will be built by natural materials such as stone and wood. The Old Bulgarian architectural traditions will be reproduced therein combined with the modern requirements for privacy, easy access and services.
The complex is situated in accordance with the closeness of the mounted and is located next to the entrance of the golf playground. Each apartment has magnificent panoramic view to the awesome peaks, the ski tracks and the golf playground. 
THE INVESTMENT AND THE RETURN
What is the size of the investment – 1 038 400 Euro. It is calculated by multiplying the price of 200 Euro/sq. m. from the total built area (200 x 5192).
For this money the investor buys:
· The land plot – 2992 sq. m.
· the architectural plans
· all the documentation for the project including the construction permit
Is the project cheap or expensive – to receive an answer of this question an attention should be paid on the following information:
· The average price of 1 sq. m. of regulated land which is right next to the golf field is approximately 120 – 160 Euro depending on the communications and the technical indicators. This means that if we take an average price of 140 Euro/ sq. m., only the land plot of Snow Lodge II is 140 x 2992 = 418 880 Euro.
· The average price in Bulgaria for an architect fee to prepare an architectural plan is 15 Euro/sq. m. which means that the architectural projects of Snow Lodge II cost 15 x 5192 = 77 880 Euro
· The preparation of all the documents and the time, spent for it, is very hard to be evaluated. Anyway it costs a lot of money.
· All of these things show that at least 496 760 Euro have been spent until now. Without calculating the value of the preparation and time.
· Taking into account the above mentioned, the size of the real investment should be something like 500 000 Euro.
The investment return – here we have two aspects
· HOW FAST – the company has another project, called Snow Lodge I, which is located on the other side of the golf playfield. The parameters of Snow Lodge I and II are very similar, so we can make a practical comparison. The first project has been started before a little bit more then one year and at this moment the finishing touches are executed. This means that similar project could be completed fore one and a half year. In the case of Snow Lodge II the situation is better because the availability of all the documentation which straightly decreases the completion period. An additional and very important information is that all the apartments in Snow Lodge I have been sold for two and a half months!
· HOW MUCH – after a research among the similar properties, the following result has been found – the average price of similar property, along with the furniture is about 1100 – 1400 Euro/sq. m. The price depends on the property location, the exposure, the property’s purpose (apartment or shop), etc. That means, if we take an average price of 1250 Euro/sq. m. and multiply it by the minimum total built area of 5192, we shall calculate the gross profit of 6 490 000 Euro.
The expenses are:
- the initial investment of 1 038 400 Euro;
- the construction costs – in Bulgaria the average price for constructing and furnishing 1 sq. m. of similar property is approximately 550 Euro. This price includes everything. This means that the investor will need the sum of about 550 x 5192 = 2 855 600 Euro to complete the construction.
The net profit calculation:
- gross profit – 6 490 000 Euro;
- initial investment – 1 038 400 Euro
- construction costs – 2 855 600 Euro
- corporate tax – this tax in Bulgaria is 10% (one of the lowest in the world). It is calculated over the sum which is the result of the gross profit minus the expenses (6 490 000 – 1 038 400 – 2 855 600). As seen, the result is 2 596 000. Then we apply the 10% tax which gave us the final size of 259 600 Euro;
The final result is 2 336 400 Euro approximate net profit
http://www.orbelus.imot.bg
