Villa Park is a unique apartment complex 250 meters from the gondola station in Borovets ski resort! Unbeatable facilities (indoor swimming pool, fitness centre, spa etc) as well as the prime location to the centre of Borovets resort makes it perfect buy to let investment! All remaining apartments are now sold fully furnished! Ready to move in! Management and rental company is on site and will be renting the complex for 2007/2008 ski season!
Villa Park is another rare and unique opportunity to buy in the centre of Borovets ski resort – the oldest and the easy to reach resort. Villa Park is situated only 5-7 minutes walk to the nearest ski lift and would make a perfect investment or winter holiday getaway. Unbeatable facilities (indoor swimming pool, fitness centre, spa etc) as well as the prime location to the centre of Borovets resort makes it perfect buy to let investment!
PRICES ARE COMPARABLE WITH OFF -PLAN PROJECT AND IN FACT ARE MORE ATTRACTIVE AS INCLUDE FURNISHING AND IN A BETTER LOCATION!
For a studio the owners will receive 2000 euro for the first year and 2400 for the second one. For a 1-bed apartment they will get 2400 for the first year and 2700 for the second one.
You can also rent your apartment without the guaranteed rental option and receive variable income. Both schemes allow for personal usage of the apartments!
PRICES ARE COMPARABLE WITH OFF -PLAN PROJECT AND IN FACT ARE MORE ATTRACTIVE AS INCLUDE FURNISHING!
Villa Park’s facilities:
· 24 hour front desk and concierge
· Security system
· Safe-deposit box
· Underground parking
· Lift
· SPA centre, including indoor heated swimming pool, fitness, saunas, steam bath
· Ski storage
· Restaurant (80 seats), lobby bar (20 seats)
· Shops
· Green areas and open-air kindergarten with outdoor decorative lighting
· Laundry and ironing
· Management and support
The building
· The area of the lot on which the residence will be built is 3,000 m², and the total built up area of the building is 7,100 m². Villa Park will be provided with:
· High quality heat insulation
· A balcony for each apartment
· Splendid view of the Rila’s peaks or of the centre of Borovets
SPA Center facilities:
· Indoor heated swimming pool
· 2 saunas
· Steam room
· Massage rooms
· Aromatherapy
· Thalasotherapy
· Water massage
· Fitness
· Coffee bar
The reasons why you should consider investing in Borovets:
One of the most ambitious projects to be undertaken in Bulgaria in recent years, the concept behind the ‘Super Borovets’ project is to expand the current resort of Borovets and turn it into an all year round holiday destination.
The existing facilities will be improved and vastly expanded along with infrastructure and 566 million Euros is expected to be invested. The project has the full backing of the Bulgarian Government and is financed by UK investment fund Equest Investment Bulgaria Ltd (EIB) and the State Fund of Oman together with Glavbolgarstroy and Samakov Municipality.
Super Borovets project provides for the construction of additional 36 km of ski pistes (which will total 78km in total as an addition to the existing infrastructure), new ski lifts, 15 000 bed facilities, and shopping centres.
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
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).
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