Ad ref: 031119
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ICEBERG - Borovets Ski Resort
An exceptional quality investment opportunity in the region is on offer at present.
Luxury Iceberg Apartment Complex is located in the very heart of the oldest ski resort ; Borovets less than 50 meters in front of the existing gondola station. Due to its unique position it would always be in demand to let or re-sell. This complex will give you a cozy and comfortable home and the unique opportunity to enjoy a winter/summer getaway with a breathtaking view at the surrounding nature. No doubt Iceberg complex is the best situated property in Borovets if you are looking for a prime location!
Borovets will remain at the centre of the resort and construction will not be allowed in future, which increases the significance of this project in terms of capital appreciation.
Rocketing property values due to Super Borovets ensure that this is an exceptional investment in terms of returns.
Completion: December 2008 (ready for ski season 2008-2009)
Prices:
Studio start from Euro 52,934 from 30.15 m sq (approx GBP 37,277)
1 bedroom apartment starts from Euros 137,938 size 64.70 msq (approx. GBP 97,139)
2 bed apartment starts from Euros 242,326 from 101.70 msq (approx. GBP 170,600)
Payment terms are flexible:
Euros 1,000 reservation
30% on signing of the contracts
Stage payments are negotiable
Management and maintenance:
Euros 700 per annum for a studio apartment
Euros 800 per annum 1 bedroom apartment
Euros 900 per annum 2 bedroom apartment
Investment justification for investing in Borovets:
Easy access. The closest ski-resort to Sofia
- 50 km from the capital city Sofia by a newly built motorway road
- 50 min drive from Sofia International Airport, which is currently under expansion with a brand new terminal scheduled to open in April 2007.
- 90 mins drive from Bulgaria's second largest city of Plovdiv and Plovdiv International Airport.
Popular place to spend a weekend or summer holiday for people who live in Sofia. You will not be just targeting the foreign rental market, but local as well, although rental will be lower.
The oldest ski resort, the snow stays longer than on other resorts in Bulgaria as it is located at the highest point in the mountains, hence longer renting season in winter!
Limited construction Borovets ski resort is reservation area and a National Park. It guarantees that it will not be overbuilt like Bansko, which in return means no oversupply of properties in future, i.e. good rental returns.
Major point ; serious investment is on the way in Borovets area called Super-Borovets (2007-2012), which means improvement in the infrastructure, 5 star hotels in the surrounding area (not Borovets itself). All this will drive the capital appreciation at a very high rate as they are not even near the prices in Bansko
15 minute drive from internationally designer golf course - New Jack Nicklaus Golf Resort in Dolna Banya
Low cost airlines are flying to Sofia regular and this trend is on increase, which is good news for holidays makes as well as the investors! Many airlines fly to Sofia to name a few: British Airlines, Lufthansa, CSA Airlines, Bulgaria Air etc. Easy Jet started flights to Sofia from London (Gatwick).
Future flights to Plovdiv will open the options to access Borovets from another airport.
Facilities will include:
Indoor swimming pool
Sauna and aroma sauna
Turkish bath
Russian bath
Steam bath
Temperature-contrast pool
Whirlpool bath
Jacuzzi
Hot tub
Vichy bath
Pearl tub
Tanning beds
Cosmetics parlor with wide range of health and
Beauty treatments
Physiotherapy section
Fitness center
Two medical massage parlors
Doctors centre
In addition:
Four Shops
Lobby and Coffee Bar
Restaurant with Bulgarian and International food
Active nightlife in modern design Discotheque
Piano bar
Bowling
What is Super Borovets is about
The project will aim to offer diverse attractions to the tourists, including not only the natural resources, but also the historical and cultural monuments and places of interest.
The region of Borovets will become a year-round resort with modern technical facilities, high tech information centre for tourists and a good transportation infrastructure. Special attention will be paid to hill walkers, extreme sports enthusiasts, horse riding trails, the development of ecotourism, as well as hunting and fishing.
New Gondola Station and improved snowboard runs - when completed the mega resort will offer ski pistes with a total length of more than 80 km.
The new Gondola will also connect this part of the resort to the other pistes, Sokolets ; Ivanov Kamuk ; Marakudjitsite.
Brand new golf course built at the foothills of the Rila Mountains with spectacular views over the snow capped peaks.
An enclave of exclusive luxury 5 star apartment and hotels will be built in the mountains.
The new project is expected to give work to 10 000 people, who will be employed in the hotels, the maintenance of the equipment and the ski schools for sport and tourism.
When does the Project start?
The Super Borovets project is to be split two stages, the first of which is scheduled to be commenced in October 2007. The official opening ceremony with all the government officials including the Bulgarian President and the major investors is held on October 8th 2007.
The construction of the first gondola lift at the low station of Super Borovts has already started. It will link the lower part of the resort with the ski-runs in the area of Markudjitsite. The construction process will take 12 months. kilometer - long gondola lift is expected to be completed before the beginning of next ski season. It will be transporting 2500 tourists per hour at a speed of 6m/sec.
The Super Borovets Project will be implemented in two phases. It is expected to be completed in the year 2012.The construction costs are estimated at approximately 566 million EURO. All the obligatory permits for the first phase have already been obtained.
CURRENT INVESTMENT OPPORTUNITIES IN BOROVETS:
Villa Park
Semiramida Gardens
Exclusive Development
General information about the area:
Today Borovets is the oldest and the biggest mountain resort in Bulgaria, situated at 1350 m. altitude, and is a modern all year round resort, with luxury hotels, restaurants with international and traditional Bulgarian cuisine, bars where world-famous Bulgarian wines can be tasted, night clubs and discos. Situated 73 km from the capital of Bulgaria; Sofia, and 126 km from Plovdiv ; the second largest city in the country, Borovets is easy of access and preferred place for a holiday, tourism and sport. It provides excellent opportunities for winter sports: the ski runs are with total length of 45 km, and are of various difficulty, they are suitable not only for skiing but also for snowboarding, ski jumps, biathlon, night skiing. New runs and equipment are in process of construction. Visitors who do not ski may enjoy organized trips to picturesque spots in the Rila Mountain like the Seven Rila Lakes, the famous Rila Monastery, Mussala peak, etc. They may also ride or fish, or visit the King's Residence in Borovets |
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Sales contacts
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| Price |
From 36,280 GBP (Freehold) [52,934 EUR] |
| Property type |
Studio, Off-Plan |
| Outdoor features |
Balcony |
| Property features |
Double Glazing, Central Heating, Newly Decorated |
| On-site features |
Restaurant, Gym, Spa, Supermarket/Shops, Bar, Leisure Facilities, Pool, Local Transport |
| Suitability |
Elderly Persons, Children |
| Rooms |
1 Bathroom |
| Address |
Borovets, Sofia (South-West/Ski), Bulgaria, Europe |
| Transport |
Nearest Postal Town: 10 Minutes by Car, Nearest Major Airport: 60 Minutes by Car |
| Location type |
Mountain, Resort |
| Name: | MRS Genovese |
| Company name | Hot Properties Overseas | | Telephone: | +44 (0)161 9040004 (Office hours) |
| Alt Telephone: | +44 (0)7870 160449 (Out of office hours) |
| Email: | Click here to email the advertiser direct |
| | | Name: | MR Genovese |
| Telephone: | +44 (0)161 9040004 |
| Email: | Click here to email the advertiser direct |
| Website |
http://www.property-gems.co.uk |
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