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| Ref No. ADE170308 |
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| Located in: Bansko, Bulgaria |
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Key Points
- Close to Town and Gondola Station
- Furniture Included - Turn Key Property
- Excellent Facilities
- Luxury Finish and Attention to Detail
- Terrific Views from Most Apartments
Prices From: 40,743.00 EUR
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- Description
- Investment Projection
- Area Info
- Prices And Availability
- Images
- Floorplans
FANTASTIC STARTER PROPERTY - Luxury development and excellent investment opportunity ready to use, complete with furniture. Set in the heart of Bansko and close to the ski station, this small development is now in the final stages of completion. Each apartment is bright and airey and the large windows offer superb views.
The construction is of reinforced concrete. The building is four -storey, super luxury; entire insulation, PVC double glazing; stylish floorings in the rooms and common areas, fully fitted bathrooms with sanitary faience, kitchen with cupboards and sink, car park space . Stairs - granite-ware, the building will be paneled with decorative stone. Economical radiators and fire- places will be used for heating..
FACILITIES:.
communal gardens. 24 hr reception. restaurant. swimming pool. Jacuzzi. sauna. Steam Bath. infrared sauna. Gym. SPA centre. children’s garden. ski-lockers. elevator. car park.
The building is located only a five minute walk away from the main Gondola and only five minutes walk away from the centre of town Bansko . Available apartments from 38 sqm up to 90 sqm. Having in mind the perfect location ,the annual rental income and the capital gain this make the purchase not only a holiday home for you but perfect investment.
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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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 |
House
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House |
3 |
3 |
166.19 m² |
25.22 m² |
166,190.00
EUR
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Available
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AT1
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A |
0 |
Apartment |
Studio |
1 |
40.74 m² |
6.18 m² |
40,743.00
EUR
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Sold
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A03
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A |
1 |
Apartment |
1 |
1 |
68.73 m² |
10.43 m² |
72,166.00
EUR
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Available
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A11
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A |
2 |
Apartment |
1 |
1 |
68.36 m² |
10.37 m² |
75,201.00
EUR
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Available
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A14
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A |
2 |
Apartment |
1 |
1 |
66.08 m² |
10.03 m² |
72,685.00
EUR
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Available
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A16
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A |
2 |
Apartment |
1 |
1 |
62.91 m² |
9.55 m² |
69,197.00
EUR
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Available
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A17
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A |
2 |
Apartment |
1 |
1 |
59.28 m² |
9.0 m² |
65,203.00
EUR
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Available
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A18
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A |
2 |
Apartment |
1 |
1 |
61.79 m² |
9.38 m² |
67,965.00
EUR
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Available
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A21
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A |
3 |
Apartment |
1 |
2 |
68.36 m² |
10.37 m² |
78,619.00
EUR
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Available
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A26
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A |
3 |
Apartment |
1 |
1 |
62.91 m² |
9.55 m² |
72,342.00
EUR
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Reserved
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A28
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A |
3 |
Apartment |
1 |
1 |
61.79 m² |
9.38 m² |
71,054.00
EUR
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Available
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A29
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A |
3 |
Apartment |
1 |
1 |
56.52 m² |
8.58 m² |
64,994.00
EUR
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Available
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A30
|
A |
4 |
Apartment |
1 |
1 |
69.18 m² |
10.50 m² |
83,013.00
EUR
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Available
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A31
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A |
4 |
Apartment |
1 |
1 |
84.28 m² |
12.79 m² |
101,135.00
EUR
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Available
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A32
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A |
4 |
Apartment |
1 |
2 |
71.22 m² |
10.81 m² |
85,461.00
EUR
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Available
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A34
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A |
4 |
Apartment |
1 |
1 |
55.05 m² |
8.35 m² |
66,066.00
EUR
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Available
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A36
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A |
4 |
Apartment |
1 |
1 |
73.37 m² |
11.13 m² |
88,050.00
EUR
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Available
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A37
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A |
4 |
Apartment |
Studio |
1 |
59.64 m² |
9.05 m² |
71,569.00
EUR
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Available
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B01
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B |
1 |
Apartment |
1 |
1 |
67.48 m² |
10.24 m² |
67,480.00
EUR
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Available
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B02
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B |
1 |
Apartment |
1 |
1 |
63.63 m² |
9.66 m² |
63,625.00
EUR
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Available
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B06
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B |
3 |
Apartment |
1 |
1 |
63.06 m² |
9.57 m² |
72,518.00
EUR
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Available
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C01
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C |
1 |
Apartment |
1 |
1 |
63.63 m² |
9.66 m² |
63,625.00
EUR
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Available
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C02
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C |
1 |
Apartment |
1 |
1 |
63.63 m² |
9.66 m² |
63,625.00
EUR
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Available
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C04
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C |
2 |
Apartment |
1 |
1 |
58.66 m² |
8.90 m² |
61,595.00
EUR
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Available
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C05
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C |
3 |
Apartment |
1 |
1 |
63.06 m² |
9.57 m² |
72,518.00
EUR
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Available
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C06
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C |
3 |
Apartment |
1 |
1 |
63.06 m² |
9.57 m² |
72,518.00
EUR
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Available
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