SOLD Apartment For sale in

GABROVO HILLS: An exclusive luxury 4-star development in Gabrovo, at the foot of the Balkan Range, near the ski area of Uzana

GREAT BARGAIN: COMPLETED APARTMENTS WITH BEAUTIFUL VIEWS ARE NOW AVAILABLE AT THE UNBELIEVABLE PRICE OF 15 000 EUROS

BulgarianProperties are sole agents for Gabrovo Hills.

Gabrovo Hills is an enclosed complex desirably set just 500 meters away from the centre of the charismatic town of Gabrovo, the biggest settlement of the Central Balkan Region.
The new development is an exciting urban environment of family homes, restaurant, bar and leisure facilities. Located at one of the highest points of Gabrovo, the complex commands marvelous, far-reaching views over the Buzludja & Botev peaks and the town center. The region provides wonderful opportunities for lasting recreation and active sports including skiing and snowboarding at the ski runs of Uzana (just 30 minutes drive, 18 km away), hiking and mountain biking, cultural and historical sightseeing in the town of Gabrovo itself, the famous open-air museum “Etara” and the nearby Sokolovski monastery.
One of a kind, the complex consists of two residential blocks with impressive entrances, green areas, footpaths and tasteful public spaces.

We have for sale the last remaining 2 apartments at this contemporary apartment development, with a free, luxury fitted kitchen with composite worktops and cupboards as well as appliances (fridge freezer, a sink, taps, oven, hob and extractor). The complex feature a beautifully equipped indoor sports and spa centre, landscaped gardens and a communal swimming pool available to all the residents and guests at Gabrovo Hills.
It is set on the highest part of Gabrovo city. Our award winning architects have designed here a luxury holiday complex offering great value for money at only 15 000 EUR, together with quality, great facilities and fantastic location. The regional centre, the town of Gabrovo has all its amenities - schools, shopping, hospitals, theatre, is just 500m away, easily accessible by car (5 minutes drive) or by regular public bus transport (bus stop next to the complex). Gabrovo Hills has been completely finished recently and now accommodating owners, tourist and long-term tenants.

APARTMENT COMPLEX SPECIFICATIONS
• Outdoor swimming pool with area for children and area for adults - free use for owners and guests
• Reception desk with lounge
• Full-time working staff on site, helping owners and guests
• Property management and letting by the leading local company
• Café & Snack Bar serving refreshments, snacks and meals (breakfast will be served here every morning)
• Seating area with ratan chairs, tables, sun-umbrellas and sub-beds around the swimming pool
• Barbecue area
• Elevator with automatic doors
• Apartments with mountain views
• Beautifully landscaped garden with flowers, bushes, grass, lighting
• Children playground area
• Parking spaces for cars
• Wi-Fi Internet in all apartments and in the garden
• Cable TV
• Live-security guard during the night
• Security IP-video surveillance cameras

STANDARD OF APARTMENTS
• Solid brick walls
• Smooth-plastered and latex painted walls
• Fully tiled kitchenette, corridors, shower and WC
• Laminate floorings in living rooms and bedrooms
• Fully fitted shower and toilette
• Each apartment has an electric boiler for hot water
• Cables laid for Internet, Cable TV and telephone
• Wi-Fi Internet
• Air-conditioning in each apartment
• Secure entry-system
• High quality MDF doors
• PVC double glazing

FURNISHING
The apartments are offered for sale with fitted kitchen and appliances.
Buyers will be offered complete furniture packs (everything required for letting/use of the apartment) by our partners Furnish BG which will cost approx. 3800 Euros for a studio. Clients will be offered few options for furnishing, although we recommend buyers who are planning to rent out their apartments to match the approved furniture design of the building and order the standard furnishing pack which is most reasonably priced and designed for letting purposes. The quoted prices include absolutely everything needed for the apartment to be used for living immediately.
The photographs show furnished apartments similar to the furnishing packs we are offering.






PROPERTY MANAGEMENT AND COMPLEX MAINTENANCE
The leading company Property Management BG is servicing the complex and all single units. Full-time staff are working on the complex and are taking care of the management, maintenance and complete operation of Gabrovo Hills. The annual maintenance charge (service fee) is 7 Euros per sq.m. and it will cover the cleaning and maintenance of the communal areas, the garden and the swimming pool as well as the electricity bills for the communal areas. This charge is compulsory for all owners at the complex. Additionally, apartment management services can be provided upon request to owners who require somebody to look after their property, pay the bills, ventilate and clean the apartment, represent the owner in front of third parties, etc. This service is not compulsory and costs 250 Euros for unfurnished and 350 Euros for furnished apartment per year.






LETTING SERVICE, RENTAL INCOME
Buyers who are interested in receiving rental income can sign contract with APARTMENTS BULGARIA, the marketing arm of Property Management BG. They will be acting as the exclusive letting operator of all apartments at Gabrovo Hills.
The management company is offering two options for letting:
1) Short-term: 1-31 days
2) Long-term: more than 31 days
Owners who are currently renting their properties are receiving approx. 8% return.
APARTMENTS BULGARIA and PROPERTY MANAGEMENT BG have in place their own highly-efficient reservation and accountancy system accessible over the Internet. Owners can log into their account by user name and password, and will be able to monitor in real time their rental income, expenses, profit, reservations and many other figures in relation to their property.
Letting is not compulsory, so owners who have bought an apartment here for their own use, can choose the "Management Only" option
The apartments will be advertised for short-term or long-term accommodation via the extensive partner and affiliate network of APARTMENTS BULGARIA including more than 300 touroperators and letting agents in Bulgaria and abroad, and also on the leading tourist websites for Bulgaria: www.VisitBulgaria.net, www.Bulgaria-Hotels.com , www.Travel-Bulgaria.com, etc.
All marketing and advertising activities for Gabrovo Hills are started.
Apart from a purely residential type of accommodation, Gabrovo Hills is working also as a high-class apartment hotel. The whole complex is booked for Christmas and New Year. Gabrovo Hills is the most luxury residential accommodation in the whole Gabrovo region, offering serious facilities, great value and high quality of service guaranteed by the professional staff of Property Management BG.
Another important part of the business plan for Gabrovo Hills is the development of fishing and bird-watching tourism because of the great potential and beautiful nature offered by the mountains arround.

PAYMENT OPTIONS:
1) Cash payment: Price must be paid within 45 days after reservation. The ownership of the property will be transferred to the buyer immediately.
2) Deferred payment for 1 year with 3 % interest: The price must be paid on 4 equal installments for 1 year, each installment to be paid on every 3 months. The buyer can use the property or rent it out immediately, after the first installment is paid. The ownership of the property will be transferred to the buyer after the last installment is paid.
3) Deferred payment for 2 years with 6 % interest: The price must be paid on 8 equal installments for 2 years, each installment to be paid on every 3 months. The buyer can use the property or rent it out immediately, after the first installment is paid. The ownership of the property will be transferred to the buyer after the last installment is paid.
4) Buy with mortgage from a Bulgarian bank: The buyer must cover 40% of the price with own funds. The remaining 60% mortgage can be arranged with our bank for up to 30 years. At the moment the annual interest rate in Euro is 8.5%. The buyer can use the property or rent it out immediately, after the first installment is paid. The ownership of the property will be transferred to the buyer after the bank transfers the funds to the development company. Read more info on mortgages.


PLEASE NOTE THAT VAT IS INCLUDED IN THE PRICES BELOW, AND THIS IS THE FINAL PRICE THAT A BUYER IS GOING TO PAY FOR AN APARTMENT, EXCEPT THE LEGAL FEES FOR THE DEAL (APPROX. 4-6% ON TOP OF THE PURCHASE PRICE). THE REAL PRICE PAID WILL BE INDICATED ON THE TITLE DEEDS.

AGENCY COMMISSION
BulgarianProperties charge an agency commission of 1000 Euros for purchasing of a studio. This agency commission also covers the servcies of our company solicitor who will be monitoring the purchase on clients behalf. The commission is payable when reserving your apartment. The commission is non-refundable.



RESERVATION
Studios can be reserved immediately by a non-refundable deposit of 1000 Euros.



BLOCK 2

BASEMENT FLOOR

Sport & Spa Centre (Floor plan & Situation in the building)
(spreading over 111.75 sq.m with gym, sauna, Jacuzzi, two dressing rooms (for men and women, each with a private bathroom/wc) and a lobby, price 55 875 Euros



FIRST FLOOR

Apartment No 25 (Floor plan & Situation in the building)
Studio, living room, kitchenette, bathroom/wc and an entrance, balcony, total size 41.30 sq.m (actual size + common parts), price 15 000 Euros SOLD


SECOND FLOOR

Apartment No 29 (Floor plan & Situation in the building)
Studio, living room, kitchenette, bathroom/wc and an entrance, balcony, total size 41.30 sq.m (actual size + common parts), price 15 000 Euros SOLD




NB Prices are final, inclusive of VAT, but 3% stamp duty and notary fees is chargeable when the final payment is made.

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General information | Plans | Plans | Property features | Area features | Plans