MOUNTVIEW LODGE (4 STARS)
An exclusive 4-star luxury apartment complex in Bansko, Bulgaria's premier ski resort!
UK buyers, please call Rick or Chelsea in our London office: 020 8905 5001 or 07779 597883 (outside office hours), e-mail: london@bulgarianproperties.com
Eire buyers, please call our Cork office: 023 38120 or 087 275 3595 (David Readman, Eire Managing Director), e-mail: david@bulgarianproperties.ie
Or deal directly with our Bansko office on: 00359 888 788 090 (Katerina Bozhanova, Bansko Sales Manager), e-mail: katerina@bulgarianproperties.com
Construction update and Construction webcam
We would like to present this new investment opportunity in Bansko, the fastest growing ski resort in Eastern Europe. Mountview Lodge is a superbly designed 4-storey apartment building of 50 luxury finished apartments, all having stunning mountain views. This apartment complex features a range of facilities which make it one of the most modern apartment complexes in the resort.
Mountview Lodge will be completed and fully operational in November/December 2006 just for the opening of the new ski season.
KEY FEATURES OF THE COMPLEX
All apartments have mountain views
Tavern/Restaurant of 60 seats (for sale fully furnished and licensed, restaurant management provided if needed)
Ultra modern Spa & Sports Centre consisting of gym, sauna, jacuzzi, steam room, massage room (for sale fully furnished, licensed and operational, management provided)
Underground garages and parking spaces
24 h Reception desk with lobby and firepalce
Elevator
Landscaped gardens
Private ski bus to the Gondola (3 minutes drive)
Superbly designed by award winning team of architects
High quality materials used
High quality building works by one of the most experienced local construction companies
KEY FEATURES OF THE APARTMENTS
The apartments are constructed to a very high standard with solid walls, quality insulation and all the back up services you could want.
Natural wood flooring
Fireplace (fire-warning system installed)
Efficient heating system with radiators
High levels of insulation
Solid internal doors
Solid front door
Shower and WC, fully fitted with high quality tiles, shower cubicle and all accessories
High quality PVC double glazed windows
Wireless Internet
Cable TV
FURNISHING
Our partners at Furnish.BG will offer a selection of furniture packs for these apartments. The furniture packages for rental apartments will include everything needed so the apartment becomes ready to live in and rent out:
Beds, cupboards, dressing tables, bedside lighting
Cooker, microwave, fridge, kettle, toaster
Pots, pans, cutlery, crockery, kitchen implements
Dining table and chairs
Sofa and easy chairs (that convert to a sofa bed)
Linen, towels, bedding etc.
TVs in each room, a HiFi system with CD and MP3 player,
Table lights
And everything else needed to make the apartment ready to rent
Furnishing prices range from 4500 to 6500 Euros (inc VAT) depending on the size of the apartment. We highly recommend using the services of Furnish.BG in order to achieve the necessary standard for apartments which are to be rented out via the letting scheme with Property Management BG (please see below).
MAINTENANCE OF THE BUILDING AND ITS COMMUNAL AREAS (compulsory)
The maintenance of the building will be provided by Bulgaria's leading management agency Property Management BG. The annual maintenance fee is 5 Euros per sq.m. per year and will cover the following:
Maintenance of the garden.
Maintenance, cleaning and elelctricity bills for the common parts (corridors of the block).
Security for the block.
Standard repairs occuring from the normal use.
PROPERTY MANAGEMENT (not compulsory)
A first class property management service is provided by our partners Property Management BG, who are leaders in this field in Bulgaria. The annual charge of 450 Euros per year covers the following services:
Marketing the property to tour operators and travel agencies for rental to their client base of tourists
Reception desk services and dispatch, key services to incoming and outgoing tenants/visitors.
Registration of the tenants as foreign citizens with the local police station as required by the law.
Management and maintenance of all relevant documentation.
Organisation of any and all maintenance required at the apartment, inclusive of regular cleaning, change and laundry of linen, preparation of the apartment for rental, everyday cleaning when the apartment is occupied by tourists, etc.
Regular communication with you the owner in case of any unexpected event, and to produce at your request documentation for any and all expenses made on behalf of the property.
Organisation and payment of any and all expenses relating to the property to third-party suppliers: eg: bills for power and water supply, cable TV, Internet subscription, cleaning and the general maintenance of the apartment, including repairs and renovation as and when required etc.
Web access to the bookings made for your apartment by the tour operator, so you can see the availability for yourself, friends and family, or check your rental income.
Organisation of the issue of any categorization papers, licenses and similar required by the law for the short-term or long-term rent of the property.
Organisation and the payment of the annual property tax and waste collection fees (funds must be supplied by the apartment owner)
Organisation, filing and submission to the tax office of the annual tax statement and payment of any and all tax due by the apartment owner for income relating to the rental of the apartment.
Holding funds on behalf of the apartment owner, to be used against outgoings directly related to the apartment or common parts under the terms of the virtual freehold.
Organisation, bookkeeping and the storage and maintenance of all records and received invoices, payment receipts and other documents from third-party service providers, agents, local authorities and tax administration bodies etc.
Representation of the apartment owner and protection of his/her rights and execution of his/her will before any and all third-party service providers, agents, local authorities, tax administration bodies and tenants etc.
LETTING MANAGEMENT (not compulsory)
Buyers who wish to rent out their apartments to tourists can use the services of Property Management BG in partnership with major international and local tour operators selling ski holidays in Bansko.
The marketing department of Property Management BG runs a major advertising campaign to attract tourists to these apartments. All modern techiuques will be used including web marketing through the leading ski and tourism portals and reservation systems on Bulgaria: www.BulgariaSki.com, www.BanskoApartments.com and through the website of www.PropertyManagement. BG. Print advertising in local, British, Irish and international media, presernation of the complex at international exhibitions and travel shows, especially the London winter show. Targeted advertising to local tour operators and travel agents, as well as the leading British, Russian and Greek tour operators (who bring most of the foreign skiers to Bansko). In addition Mountview Lodge will be marketed locally in Bansko through the office of Property Management BG, to individual tourists or tourists coming without previously made reservation.
Owners will be offered fixed rates per night for short-term rentals. All expenses for short-term lettings (electricity, water, cable TV, Internet) will be charged to the owners account. Long-term rents are subject to additional negotiation between the tenant and the apartment owner, which will be handled by us on your behalf. Usually for long term lettings all expenses are covered by the tenants. Our experience shows that short-term rental provides a higher rental income and we expect that Mountview Lodge apartments will bring maximum 5% during the first year and it will rise during the second year to 8 - 10 %.
RESERVATION AND PAYMENT PLAN
Any apartment can be reserved for 20 days with a deposit of 3% of the purchase price (non-refundable). The buyer is expected to sign the preliminary contract with the development company and to pay the first installment within approx. 25 days.
Buyers will be asked to pay the price in 4 installments:
- 30 % when reserving the apartment and signing preliminary contract
- 40 % when third level is built (approx. 15 Feb 2006)
- 20 % when shells are built (approx. April 2006)
- 10% when building is completed(approx. December 2006)
AGENCY COMMISSION AND OTHER COSTS
Bulgarian Properties charge agency commission of 3% of the purchase price.
This commission covers:
All legal costs of a professional solicitor who will check the paperwork, ownership, legals and will protect the buyers rights
All administrative costs, communication and arrangements with the buyer
Supervision and regular construction updates for the building site
GENERAL CONDITIONS
No company is needed to own an apartment in Mountview Lodge
All owners who rent out their apartments will have to pay rental income tax of 15%. We collect and pay this for you.
Owners who have management & letting contract with Property Management BG can use their apartment whenever they wish, provided that they have notified the booking office 30 days in advance (although at low demand times this may not be necessary). You will be charged only the cleaning costs for staying.
It is not necessary to come to Bulgaria in order to reserve an apartment or sign the preliminary contract.
Property cannot be resold until completion under Bulgarian law. If you contract to buy you must complete the purchase before you can resell."
DOWNLOADS*
Floor plans
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Construction update and Construction webcam
PRICES AND AVAILABILITY - constantly updated. Prices are final, inclusive of VAT, but 2% stamp duty is chargeable when the final payment is made. The real price is shown on the title deeds.
UNDERGROUND FLOOR
Sports & Spa Centre (gym, sauna, massage, steam room, jacuzzi, dressing rooms, bathrooms and toilets) - Fully furnished, licensed and operational, FULL MANAGEMENT PROVIDED, total size 146.33 sq.m. (121.95 sq.m. floor size + common parts 24.38 sq.m.), Price 73,165 EUR (price per sq.m. 500 EUR)
Restaurant - Fully furnished, licensed and operational, FULL MANAGEMENT AND RUNNING PROVIDED, total size 257.64 sq.m. (214.71 sq.m. floor size + 42.93 sq.m. common parts), Price 128,820 EUR (price per sq.m. 500 EUR) RESERVED BM (dr)
Parking space # 4 /Ex. # 6/, Price 10,000 EUR RESERVED (dr)
Parking space # 5 /Ex. # 7/, Price 10,000 EUR RESERVED Brian H (dr)
Parking space # 6 /Ex. # 8/, Price 10,000 EUR RESERVED dr
Parking space # 7 /Ex. # 9/, Price 10,000 EUR RESERVED John W (dr)
GROUND FLOOR
Apartment # 04 /Ex. # 08/, Two-bedrooms, living room, kitchenette, shower and WC, total size 70.97 sq.m. (floor size 60.03 sq.m. + common parts 10.94 sq.m.), Price 70,970 EUR RESERVED (dr)
FIRST FLOOR
Apartment # 06 (Ex. 10), Studio, living room, kitchenette, shower and WC, balcony, total size 44.53 sq.m. (floor size 36.74 sq.m. + common parts 7.79 sq.m.), Price 44,530 EUR RESERVED Tom B (dr)
SECOND FLOOR
Apartment 42 /ex.# 27/, Two-bedrooms, living room, kitchenette, shower and WC, 3 balconies, elevator, total size 99.00 sq.m. (floor size 81.53 sq.m. + common parts 17.47 sq.m.), Price 97,000 EUR Pauric W (dr)
THIRD FLOOR
Apartment # 29 /Ex. # 38/, Studio, living room, kitchenette, shower and WC, balcony, total size 44.39 sq.m. (floor size 36.62 sq.m. + common parts 7.77 sq.m.), Price 44,390 EUR RESERVED Kevin Sh (dr)
Apartment # 23 /Ex. # 44/, One-bedroom, living room, kitchenette, shower and WC, washing room/storage, 2 balconies, elevator, total size 69.50 sq.m. (floor size 57.34 sq.m. + common parts 12.16 sq.m.), Price 69,500 EUR RESERVED Luke W (cb)
Apartment # 47 /Ex. # 40/, Two-bedrooms, living room, dining room, kitchenette, shower and WC, balcony, elevator, total size 96.21 sq.m. (floor size 79.37 sq.m. + common parts 16.84 sq.m.), Price 96,210 EUR RESERVED Garrett O'D (dr)
FOURTH FLOOR (sloping ceilings)
Apartment 32 (Ex. # 48), 1-bedroom, living room, kitchenette, shower and WC, balcony, total size 64.19 sq.m. (floor size 54.40 sq.m. + common parts 9.79 sq.m. common parts), Price 51,400 EUR Plan of apartment RESERVED Brian H (dr)
Contacts, additional information and reservation of apartments
UK buyers, please call Rick or Chelsea in our London office: 020 8905 5001 or 07779 597883 (outside office hours), e-mail: london@bulgarianproperties.com
Eire buyers, please call our Cork office: 023 38120 or 087 275 3595 (David Readman, Eire Managing Director), e-mail: david@bulgarianproperties.ie
Or deal directly with our Bansko office on: 00359 888 788 090 (Katerina Bozhanova, Bansko Sales Manager), e-mail: katerina@bulgarianproperties.com
Ref. No. Mountview Lodge