REAL ESTATE FOR SALE (OFF-PLAN) (€ Euro 46,500)
Apartment for sale in Bansko Bansko region Blagoevgrad Bulgaria

Balkan Heights:

Position: Balkan Heights is situated in the St Ivan district of Bansko. This area is to the south of Bansko, in the foothills of the Pirin Mountains, five minutes by minibus shuttle to the Gondola Station. St Ivan is emerging as the most prestigious district of the town. The views are terrific across 360-degrees, and the few developments taking place there are of a higher quality than those in the town below. Balkan Heights abuts the Pirin National Park, and its views cannot be affected by any future development.

Two main themes underlie the design, that will ensure these apartments make an excellent investment.

Value and investment potential: the apartments are designed to contain the maximum number of bedrooms and beds in the smallest area. Costing is by the square meter, so the prices of Studios and 1-bedroom and two-bedroom apartments are lower than in any development in equivalent superb position or with so many facilities. The apartments at Balkan Heights are much larger than French ski apartments.
Rental : Balkan Heights is composed of 80 luxurious apartments, with rich facilities, and will function like a hotel. So it has hotel reception, lobby bar, room-service, spa centre with swimming-pool, business conference centre, shops, restaurant with professional kitchen, laundry service, and staff to run the facilities (and facilities for the staff). This meets with the requirements of the two main markets for rental - the Tour Operators and independent holidaymakers from Sofia, Greece and other neighbouring countries. There are open fires in the restaurant and lobby-bar. There is a business conference centre to attract the lucrative business excursions market.

Facilities:

Hotel reception with concierge
Restaurant and professional kitchen
Lobby-bar with welcoming fireplace
Shops and boutiques in lobby
Property management office and staff on-site
Swimming-pool (open-air in summer, with sun-deck)
Serious spa centre with sauna, massage, steam room
Gym
Ski room in basement with exterior entrance
Business conference centre
Childrens' kindergarden
Hotel laundry facilities

Construction and Finishing:

Building materials used in the construction are the highest quality, suiting the local climate and complementing the beautiful site.

Traditional wood and stone exterior coatings
Wooden roofs with red tiles for charming finish
Tile flooring in living rooms
Concrete framework
Hydro- and thermal-insulation
Plaster-board on walls
Laminate wood floorings in bedrooms
Central-heating and hot water to all apartments
Two lifts/ elevators
Cable TV connection
Broadband internet connection
Smoke alarms in all apartments, fire doors and other fire precautions
Furnishing:

The apartments at Balkan Heights are sold without kitchen cabinets and appliances.
Payment Schedule

2 payment plans (with small deposit, or large deposit with 5% discount)

Schedule A Small deposit

Advance 10% (due within one month of reservation)
Completion 90% (November 2007)
Schedule B - Larger deposit, 5% discount on the price

Advance 50% (due within one month of reservation)
Completion 50% (November 2007)

Property management and letting

These properties have exceptional rental potential. We anticipate gross rental returns of about 9% p.a. There is on-site property management and letting office on the premises.