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| Ref No. Eme010208 |
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| Located in: Bansko, Bulgaria |
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Key Points
- 90% Mortgages Available
- Excellent Rental Potential
- Prime Location Near the Ski Lift
- Aparthotel Complex
- Full Spa Facilities
Prices From: 81,840.00 EUR
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- Description
- Investment Projection
- Area Info
- Prices And Availability
- Images
- Floorplans
AVAILABLE WITH UP TO 90% MORTGAGE (subject to status) The holiday appartment complex is situated in the centre of the fantastic mountain ski resort Bansko, only 50 meters from the ski lift.The complex consists of three buildings with shared reception. There are one, two and three beds appartments with bath and fitted kitchen. The complex offers a a whole range of luxurious facilities - restaurant, cafeteria, fitness, sauna, internet cafe, shops, ski wardrobe, jacuzzi. Outstanding Views.
The development is now open and fully functioning, as an owner you have instant access to all facilities within the complex as well as a discount in the restaurant!
The complex has 51 apartments in Building A, from which 21 studios and 30 apartments, as Section B is meant for a hotel. For the convenience of everyone who invests here or comes to enjoy their holiday, the complex has modern facilities like a lobby bar, restaurant , solarium, and a fitness centre.
We work individually with each of our clients, so we are able to satisfy all wishes.
We offer high quality and European standards of service as well as safe environment for future investments.
Development Features
• Hotel reception with concierge
• Lobby-bar
• Shops and boutiques in lobby
• Property management office and staff on-site
• Business conference centre
• Game room
• Indoor Pool
• Children's Paddle Pool
• Spa Facilities
• Sauna
• Steam Room
• Massage Rooms
• Jacuzzi
• Gymnasium
• Satellite TV Connections
• Restaurant
• Shops
• 24 Hour Room Service
• Property Management
• Ski Equipment Storage Facility
• Laundry Area
• Private Terraces
• Underground Parking Spaces
• Elevators
• Sun tanning room
• 24 Hour Security (CCTV)
• Secure Entrance/Exit
Specifications
Living room:
Flooring – carpet flooring/wooden floor
Walls and ceilings - latex
Bedrooms:
Flooring – carpet flooring/wooden floor
Walls and ceilings - latex.
Kitchen:
Flooring - terra-cotta
Upper and lower cupboards, sink and taps
Optional - fridge, hobs, oven and extractor are available at price by offer of the SELLER.
Bathroom and toilets:
Terra-cotta and faience 2m above the floor and dispersed white coating above the faience, as the bathrooms and the toilets shall be furnished according to the architectural plan.
Entrance hall:
Flooring – carpet/wooden floor
Walls and ceilings - latex.
General:
Balconies
Inside & Outside doors - wooden.
Electric radiators installed in each room.
Cable TV connection and internet.
Maintenance:
Maintenance Services are provided for EUR 12 per sq. m. annually (Exclude VAT).
The information below is to help you see at a glance how investing in a “Buy to Let” property can not only cover your expenses but make you money both in rental income and capital growth. This information is based on an average type of apartment, rented for only 26 weeks of the year and at a low weekly rent in a Bulgarian resort. Working on these figures you should be able to achieve rental targets and financial rewards.
Studio Apartment
| Purchase Price |
45,000 euros |
| Purchase Costs |
2,000 euros |
| Furniture Pack |
4,000 euros |
| Total Outlay |
51,000 euros |
Year |
1st |
2nd |
3rd |
4th |
5th |
6th |
7th |
8th |
9th |
10th |
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Rental Income with 7% increase PA |
9100 |
9737 |
10418 |
11147 |
11928 |
12763 |
13566 |
14612 |
15635 |
16730 |
Maintainance with 10% increase PA |
350 |
385 |
423 |
465 |
512 |
564 |
620 |
682 |
750 |
825 |
Management Service at 10% |
910 |
973 |
1041 |
1114 |
1192 |
1276 |
1356 |
1461 |
1563 |
1673 |
Water + Electric |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
New Furniture Pack |
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5000 |
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6000 |
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Balance At Year End |
6940 |
7479 |
8054 |
3668 |
9324 |
10023 |
10690 |
5569 |
12422 |
13332 |
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Total Banked |
6940 |
14419 |
22473 |
26141 |
35465 |
45488 |
56178 |
61747 |
74169 |
87501 |
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Capital Growth Based on 14% PA |
51300 |
58482 |
66669 |
76003 |
86643 |
98773 |
112602 |
128366 |
146337 |
166824 |
Total Return on Investment Over 10 years 254,325 euros
(87,501 euros Rental Income, 121,824 Capital Growth, Initial Purchase Price 45,000)
With A Mortgage of 70% based on the interest rate of 6.75
| Mortgage Term: |
10 Years |
| Interest rate: |
6.750% |
| Loan amount: |
31,500.00 euros |
| Total Outlay |
361.70 euros a month |
Year |
1st |
2nd |
3rd |
4th |
5th |
6th |
7th |
8th |
9th |
10th |
| |
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|
|
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Rental Income with 7% increase PA |
9100 |
9737 |
10418 |
11147 |
11928 |
12763 |
13566 |
14612 |
15635 |
16730 |
Maintainance with 10% increase PA |
350 |
385 |
423 |
465 |
512 |
564 |
620 |
682 |
750 |
825 |
Management Service at 10% |
910 |
973 |
1041 |
1114 |
1192 |
1276 |
1356 |
1461 |
1563 |
1673 |
Water + Electric |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
900 |
New Furniture Pack |
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5000 |
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6000 |
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Mortgage Repayments |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
4340 |
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Balance At Year End |
2600 |
3139 |
3714 |
-672 |
4984 |
5683 |
6350 |
1229 |
8082 |
8992 |
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Total Banked |
2600 |
5739 |
9453 |
8781 |
13729 |
19412 |
25762 |
26991 |
35073 |
44065 |
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Capital Growth Based on 14% PA |
51300 |
58482 |
66669 |
76003 |
86643 |
98773 |
112602 |
128366 |
146337 |
166824 |
Total Return on Investment Over 10 years 210,889 euros - Deposit and Costs Paid 19,500 euros
(44,065 euros Rental Income, 121,824 Capital Growth, Initial Purchase Price 45,000,)
Bansko is resort situated in Southwestern Bulgaria, at the foot of the Pirin National Park and it is nestled between three mountain ranges- Pirin, Rila and Rhodope. The town is also listed in the World Register of Natural Heritage entertainment opportunities. Sofia airport, which is the nearest, is 160 km away from the city and it takes 2 hours to cover that distance.
A famous ski resort
Bansko is the youngest and fastest developing ski resort in Bulgaria. The conditions for skiing are excellent and the tracks are suitable not only for beginners but also for experts. At the moment the access to the ski slopes is possible thanks to the gondola lift. The building of a new lift is planned for 2006/07 season. Bansko also has the ambition to be a host of the 2014 Winter Olympics.
Summer activities
Surrounded by the Pirin, Rila and Rhodopa mountains, Bansko is a climatic mountain resort with a short summer and long winter. But it is by no means only ski resort. If you visit it through the warmer months, breathtaking views of the surrounding nature will be revealed in front of you. Bansko offers excellent conditions for canoeing, hiking, fishing, horse riding. The resort is also famous with the healing mineral hot water springs not only in the city but in the villages nearby. It’s a great place for relaxation.
Rich history, culture and traditions
The town of Bansko attracts visitors with its 120 cultural monuments. It is famous for its fortified and artistically decorated houses, museums and the Bansko School of Art. A very interesting site is the Holy Trinity Church, with its 30 m high bell-tower and clock, splendid murals and woodcarvings. Every August Bansko hosts the National Jazz Fest. Museum houses and collections, souvenir shops and romantic holiday residences, hotels and taverns complement the unique atmosphere of this splendid Bulgarian resort.
The future
Bansko has attracted exceptional tourist and investor interest in the last three years. Among the most notable developments are the expansion and modernizing of the ski runs and equipment, as well as the construction of new hotels and residential developments. Regardless of the increased capacity, Bansko is generally fully booked during the winter months with Bulgarian, Macedonian, Greek and British tourists making up the bulk of the visitors. With its year-round activities, rich history and traditions, and mineral water springs, Bansko represents not only an attractive tourist destination, but also a great opportunity for investment.
Click The Apartment Number To View Floorplans
Apt No. |
Block |
Floor |
Type |
Beds |
Baths |
Built m² |
Communal m² |
Price |
Status |
AS03
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A |
0 |
Apartment |
Studio |
1 |
40.92 m² |
0 m² |
81,840.00
EUR
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Available
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AS05
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A |
0 |
Apartment |
Studio |
1 |
42.43 m² |
0 m² |
84,860.00
EUR
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Available
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AA109
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A |
1 |
Apartment |
1 |
1 |
62.68 m² |
0 m² |
125,360.00
EUR
|
Available
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AA110
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A |
1 |
Apartment |
2 |
2 |
77.2 m² |
0 m² |
154,400.00
EUR
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Available
|
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AA113
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A |
1 |
Apartment |
1 |
1 |
71.44 m² |
0 m² |
142,880.00
EUR
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Available
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AS101
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A |
1 |
Apartment |
Studio |
1 |
49.53 m² |
0 m² |
99,060.00
EUR
|
Available
|
|
AS104
|
A |
1 |
Apartment |
Studio |
1 |
46.3 m² |
0 m² |
92,600.00
EUR
|
Available
|
|
AA206
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A |
2 |
Apartment |
1 |
1 |
81.37 m² |
0 m² |
162,740.00
EUR
|
Available
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AA209
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A |
2 |
Apartment |
2 |
2 |
82 m² |
0 m² |
2,000.00
EUR
|
Available
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AS203
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A |
2 |
Apartment |
Studio |
1 |
48.78 m² |
0 m² |
97,560.00
EUR
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Available
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AS204
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A |
2 |
Apartment |
Studio |
1 |
47.43 m² |
0 m² |
94,860.00
EUR
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Available
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AA310
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A |
3 |
Apartment |
1 |
1 |
53,2 m² |
0 m² |
106,400.00
EUR
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Sold
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AA312
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A |
3 |
Apartment |
1 |
1 |
76,61 m² |
0 m² |
153,220.00
EUR
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Available
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AS304
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A |
3 |
Apartment |
Studio |
1 |
47,43 m² |
0 m² |
94,860.00
EUR
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Available
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BA102
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B |
0 |
Apartment |
1 |
1 |
69,49 m² |
0 m² |
138,841.00
EUR
|
Available
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BA103
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B |
0 |
Apartment |
1 |
1 |
68,82 m² |
0 m² |
137,571.00
EUR
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Available
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BA105
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B |
0 |
Apartment |
1 |
1 |
50,36 m² |
0 m² |
100,720.00
EUR
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Available
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BA106
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B |
0 |
Apartment |
1 |
1 |
53,67 m² |
0 m² |
107,340.00
EUR
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Available
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BA107
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B |
0 |
Apartment |
1 |
1 |
61,54 m² |
0 m² |
123,080.00
EUR
|
Available
|
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BA116
|
B |
0 |
Apartment |
1 |
1 |
53,30 m² |
0 m² |
106,600.00
EUR
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Available
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BA117
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B |
0 |
Apartment |
1 |
1 |
54,01 m² |
0 m² |
108,020.00
EUR
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Available
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BA118
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B |
0 |
Apartment |
1 |
1 |
55,03 m² |
0 m² |
110,060.00
EUR
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Available
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BA202
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B |
2 |
Apartment |
1 |
1 |
69,46 m² |
0 m² |
138,920.00
EUR
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Available
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BA203
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B |
2 |
Apartment |
1 |
1 |
68,76 m² |
0 m² |
137,520.00
EUR
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Available
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BA205
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B |
2 |
Apartment |
1 |
1 |
48,48 m² |
0 m² |
96,960.00
EUR
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Available
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BA207
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B |
2 |
Apartment |
1 |
1 |
61,64 m² |
0 m² |
123,280.00
EUR
|
Available
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BA214
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B |
2 |
Apartment |
1 |
1 |
56,25 m² |
0 m² |
112,500.00
EUR
|
Available
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BA218
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B |
2 |
Apartment |
1 |
1 |
59,73 m² |
0 m² |
119,460.00
EUR
|
Available
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BA302
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B |
3 |
Apartment |
1 |
1 |
69,46 m² |
0 m² |
138,781.00
EUR
|
Available
|
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BA303
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B |
3 |
Apartment |
1 |
1 |
68,76 m² |
0 m² |
137,451.00
EUR
|
Available
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BA307
|
B |
3 |
Apartment |
1 |
1 |
61,64 m² |
0 m² |
123,280.00
EUR
|
Available
|
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BA314
|
B |
3 |
Apartment |
1 |
1 |
56,25 m² |
0 m² |
112,500.00
EUR
|
Available
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BA315
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B |
3 |
Apartment |
1 |
1 |
62,25 m² |
0 m² |
124,500.00
EUR
|
Sold
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BA401
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B |
4 |
Apartment |
1 |
1 |
69,46 m² |
0 m² |
138,920.00
EUR
|
Available
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BA402
|
B |
4 |
Apartment |
1 |
1 |
62,72 m² |
0 m² |
125,440.00
EUR
|
Available
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BA403
|
B |
4 |
Apartment |
2 |
1 |
82,56 m² |
0 m² |
165,120.00
EUR
|
Available
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BA404
|
B |
4 |
Apartment |
2 |
1 |
80,93 m² |
0 m² |
161,860.00
EUR
|
Available
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BA405
|
B |
4 |
Apartment |
1 |
1 |
61,71 m² |
0 m² |
123,420.00
EUR
|
Available
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BA508
|
B |
5 |
Apartment |
1 |
1 |
52,56 m² |
0 m² |
105,120.00
EUR
|
Available
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BA509
|
B |
5 |
Apartment |
2 |
1 |
103,47 m² |
0 m² |
206,940.00
EUR
|
Available
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BA510
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B |
5 |
Apartment |
2 |
1 |
70,07 m² |
0 m² |
140,140.00
EUR
|
Available
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