JUST 1 MIN. FROM PISTES.
FULLY FINISHED APARTMENTS READY TO BE FURNISHED.
BulgarianProperties are delighted to present Rila Park - our newest luxury gated development in Borovets. This is one of our best current investment opportunities.
Located high in the Rila Mountains some 1500 meters above sea level, the development is situated in an old pine forest that surrounds the whole complex, near the Rila National Park. Download a map of the area.
The complex consists of 2 apartment blocks designed to the highest possible standard of finishing and includes amenities comparable to a 4 star luxury hotel. It is located just 100 meters from the pistes of Yasterbets skiing area (1 minute walk or less than a minute skiing).
Its location and proximity to the ski pistes high in the mountain and the amenities available to visitors makes Rila Park a unique complex not only for investment purposes but also for the owner occupier and lover of mountain leisure activities.
Completion Date: October 2007.
Rila Park and its neighbour, the Semiramida Gardens complex are surrounded by a common perimeter forming a bigger complex and incorporating the following leisure facilities:
• Full restaurant serving local and international meals.
• Spa centre.
• Ski and snowboard rental centre and equipment storage.
• Reception desk and lobby area.
• Landscaped Garden.
Facilities in the neghbouring Semiramida Garden
• Indoor heated swimming pool.
• Turkish Bath.
• Russian Bath.
• Temperature-contrast pool.
• Hot Tub.
• Whirlpool Bath.
• Vichy Bath.
• Pearl Tub.
• Tanning Beds.
• Cosmetics Parlor with wide range of health and beauty treatments (individual treatments subject to local charge).
• Physiotherapy Section.
• Fitness Centre.
• Four medical massage parlors.
• Doctors' Offices.
• International cuisine restaurant seating 140.
• Lobby bar.
• A multifunctional conference room for business/ private parties.
• Children’s play area.
• Outdoor tennis courts.
• Landscaped Garden.
All these facilities can be used by owners and guests of Rila Park and Semiramida on payment of a small charge.
Rila Park is being developed by one of the most respected local property development companies (details of the company are available on request) with a long history in the area.
They have been developing quality properties, residential blocks, office and retail properties including this type of luxury gated holiday complex since 1992.
The company has vast experience and their professionally organised construction teams will ensure the highest quality of workmanship and finish to the development.
Rila Park is designed to be a high specification luxury gated complex and no compromise will be made to the quality, design or the materials used.
The development is under the Project Management and Consulting services provided by BulgarianProperties - which means there is independent supervision by professionally trained property engineers employed by BulgarianProperties, to monitor the construction on a daily basis reporting to the management of the company, and again at the final and completed stages of construction.
This will provide additional guarantees of quality for our buyers. Due to the fact that Rila Park will be fully maintained, managed and let by our sister company Property Management BG, the presence of our supervisors on the site is a requirement we stipulated to confirm the quality our clients have now come to expect from us.
Rila Park Specifications (part):
• Quality front door with card entry.
• Quality internal wooden doors.
• Solid walls, smooth plastered and painted in contemporary colours with designer interiors.
• Laminated floorings of the highest quality in bedrooms and living rooms.
• Italian terracotta and Fayence tiles supplied in shower/baths/WCs.
• Fully fitted bathrooms with accessories from Ideal Standard.
The Rila Park complex is 3.9 km from the centre of Borovets ski resort - the oldest and most popular of the Bulgarian ski resorts.
The complex is easy to reach being on a well maintained tarmac road that is clear throughout the whole year.
Rila Park and the neighbouring Semiramida Gardens are situated in the middle of a pine forest that completely covers this very high part of the Rila Mountains.
The neighbouring areas are all part of the Rila National Park and can never be built on or developed which offers all buyers at the development a long term guarantee against the area, and the whole ski resort of Borovets ever being overbuilt.
In future there will be fewer and fewer available apartments anywhere as close to the pistes as this complex, and we thoroughly recommend an investment here as we only foresee property prices rising in Borovets due to the increasingly short supply of holiday properties/apartments in the future.
MANAGEMENT & LETTING. ALL YEAR ROUND OCCUPANCY. HIGH RENTAL RETURNS.
The Rila Park complex will be managed and maintained by our sister company PropertyManagement.BG in association with T-Hotels Management Group.
Rila Park has been designed with attention to even the smallest detail and the complex is deliberately planned for all year round occupancy.
As a premium member of T-Hotels the complex will benefit from the highest quality management and letting services.
Contracts with more than 100 local and 80 international tour operators have been signed for Rila Park and there is already a high demand for super luxury accommodation in Borovets. and Rila Park has already benefited from this.
The complex is 100 % rented already for the ski season of 2008-2009 (subject to owners wishing to rent). It has also been promoted as T-Hotels' premium location for congress tourism - the summer of 2008 will be busy with a number of congresses, symposiums. company seminars and team-building events that take place in Borovets and now will take place in Rila Park.
The potential for such types of activity is huge and the complex will be constantly occupied not only during the active ski season but also during the summer months.
We expect high rental returns for all property owners at Rila Park who let their apartments through PropertyManagement.BG and T-Hotels.
Our initial research indicates that apartment owners will receive net rental income of a minimum 7% during the first year of operation, which we expect to grow consistently year on year as the complex gains more popularity in Bulgaria and abroad.
All apartment owners will be obligated to pay an annual maintenance charge of 8 Euros/per sq.m. to cover the cots of upkeep and maintenance of the communal areas and the garden.
Any apartment at Rila Park can be reserved immediately for 20 days with a non-refundable deposit of 3000 Euros (Credit card payment possible).
The buyer must sign the preliminary contract with the developer and pay the first instalment within 20 days after the reservation.
• Deposit: 3000 Euros non-refundable holding deposit when reserving your property, will hold the property for a maximum of 20 days.
• 1st instalment: 80 % of the purchase price, less 3000 Euros deposit, within 20 days of reservation.
• 2nd instalment: 20 % of the purchase price on exchange of title deeds, around 1 Oct 2007.
• No company is needed to own an apartment at Rila Park.
• There is no need for the buyer to visit Bulgaria in order to sign preliminary contracts or to aquire the ownership with title deeds.
• All apartments are offered for sale fully finished, ready to be furnished.
• Notary fees, stamp duty and other ownership transferring costs will be from 2000 to 3500 Euros depending on the apartment size and must be paid by the buyer.
PRICES AND AVAILABLITY (constantly updated, prices are not inclusive of 20% VAT)
FLOOR "0" (at level - 1)
Restaurant (fully furnished, equipped and fitted for operation): Net size 158.43 sq.m, Common parts 38.66 sq.m, Total size 197.09 sq.m , Price 295 635 EUR
Spa & Sports Centre (fully furnished, equipped and fitted for operation): Net size 251.36 sq.m, Common parts 57.45 sq.m, Total size 308.81 sq.m, Price 463 215 EUR
FLOOR "1" (at ground level)
1-bedroom # 101, Net size 52.88 sq.m, Common parts 10.79 sq.m, Total size 63.67 sq.m, Price 82 771 EUR
1-bedroom # 102, Net size 52.88 sq.m, Common parts 11.23 sq.m, Total size 64.11 sq.m, Price 84 625 EUR
1-bedroom # 103, Net size 52.88 sq.m, Common parts 11.23 sq.m, Total size 64.11 sq.m, Price 84 625 EUR
Studio # 104, Net size 38.27 sq.m, Common parts 8.13 sq.m, Total size 46.40 sq.m, Price 62 640 EUR
Studio # 105, Net size 38.27 sq.m, Common parts 8.28 sq.m, Total size 46.55 sq.m, Price 62 843 EUR
Studio # 106, Net size 35.53 sq.m, Common parts 7.69 sq.m, Total size 43.22 sq.m, Price 59 644 EUR
1-bedroom # 107, Net size 67.77 sq.m, Common parts 14.67 sq.m, Total size 82.44 sq.m, Price 107 172 EUR
1-bedroom # 108, Net size 61.22 sq.m, Common parts 12.83 sq.m, Total size 74.05 sq.m, Price 96 265 EUR
1-bedroom # 201, Net size 54.55 sq.m, Common parts 12.71 sq.m, Total size 67.26 sq.m, Price 88 783 EUR
1-bedroom # 202, Net size 54.55 sq.m, Common parts 13.23 sq.m, Total size 67.78 sq.m, Price 91 503 EUR
1-bedroom # 203, Net size 54.56 sq.m, Common parts 13.23 sq.m, Total size 67.79 sq.m, Price 91 517 EUR
1-bedroom # 204, Net size 40.04 sq.m, Common parts 9.71 sq.m, Total size 49.75 sq.m, Price 70 645 EUR
Studio # 205, Net size 40.04 sq.m, Common parts 9.90 sq.m, Total size 49.94 sq.m, Price 70 915 EUR
Studio # 206, Net size 36.25 sq.m, Common parts 8.97 sq.m, Total size 45.22 sq.m, Price 65 117 EUR
1-bedroom # 209, Net size 53.96 sq.m, Common parts 12.58 sq.m, Total size 66.54 sq.m, Price 89 829 EUR
1-bedroom # 301, Net size 54.55 sq.m, Common parts 12.71 sq.m, Total size 67.26 sq.m, Price 90 801 EUR
1-bedroom # 302, Net size 54.55 sq.m, Common parts 13.23 sq.m, Total size 67.78 sq.m, Price 92 859 EUR
1-bedroom # 303, Net size 54.56 sq.m, Common parts 13.23 sq.m, Total size 67.79 sq.m, Price 92 872 EUR
Studio # 304, Net size 40.04 sq.m, Common parts 9.71 sq.m, Total size 49.75 sq.m, Price 71 640 EUR
Studio # 305, Net size 40.04 sq.m, Common parts 9.90 sq.m, Total size 49.94 sq.m, Price 71 914 EUR
1-bedroom # 309, Net size 53.96 sq.m, Common parts 12.58 sq.m, Total size 66.54 sq.m, Price 91 825 EUR
1-bedroom # 401, Net size 54.55 sq.m, Common parts 12.71 sq.m, Total size 67.26 sq.m, Price 92 146 EUR
1-bedroom # 403, Net size 54.56 sq.m, Common parts 13.23 sq.m, Total size 67.79 sq.m, Price 93 550 EUR
1-bedroom # 409, Net size 53.96 sq.m, Common parts 12.58 sq.m, Total size 66.54 sq.m, Price 93 156 EUR
1-bedroom # 501, Net size 55.31 sq.m, Common parts 11.60 sq.m, Total size 66.91 sq.m, Price 88 321 EUR
1-bedroom # 506, Net size 60.39sq.m, Common parts 13.44 sq.m, Total size 73.83 sq.m, Price 101 174 EUR
Studio # 507, Net size 41.61 sq.m, Common parts 8.73 sq.m, Total size 50.34 sq.m, Price 70 979 EUR
1-bedroom # 601, Net size 57.43 sq.m, Common parts 11.42 sq.m, Total size 68.85 sq.m, Price 86 063 EUR
1-bedroom # 602, Net size 63.03 sq.m, Common parts 12.53 sq.m, Total size 75.56 sq.m, Price 94 450 EUR
FLOOR "0" (at level - 1)
Studio # 01, Net size 32.73 sq.m, Common parts 6.74 sq.m, Total size 39.47 sq.m, Price 49 338 EUR
Studio # 02, Net size 32.73 sq.m, Common parts 6.74 sq.m, Total size 39.47 sq.m, Price 49 338 EUR
1-bedroom # 03: Net size 50.52 sq.m, Common parts 10.33 sq.m, Total size 60.85 sq.m, Price 74 846 EUR
1-bedroom # 04: Net size 45.78 sq.m, Common parts 8.88 sq.m, Total size 54.66 sq.m, Price 67 232 EUR
FLOOR "1" (at ground level)
1-bedroom # 11: Net size 54.08 sq.m, Common parts 11.73 sq.m, Total size 65.81 sq.m, Price 86 211 EUR
Studio # 12: Net size 40.63 sq.m, Common parts 9.17 sq.m, Total size 49.80 sq.m, Price 68 226 EUR
Studio # 13: Net size 42.92 sq.m, Common parts 9.69 sq.m, Total size 52.61 sq.m, Price 72 076 EUR
1-bedroom # 14: Net size 54.81 sq.m, Common parts 12.29 sq.m, Total size 67.10 sq.m, Price 89 243 EUR
1-bedroom # 15: Net size 50.74 sq.m, Common parts 10.79 sq.m, Total size 61.53 sq.m, Price 81 835 EUR
1-bedroom # 21: Net size 53.09 sq.m, Common parts 11.52 sq.m, Total size 64.61 sq.m, Price 86 577 EUR
Studio # 22: Net size 38.30 sq.m, Common parts 8.64 sq.m, Total size 46.94 sq.m, Price 66 185 EUR
Studio # 23: Net size 38.30 sq.m, Common parts 8.64 sq.m, Total size 46.94 sq.m, Price 66 185 EUR
1-bedroom # 24: Net size 59.62 sq.m, Common parts 13.36 sq.m, Total size 72.98 sq.m, Price 99 253 EUR
1-bedroom # 25: Net size 53.69 sq.m, Common parts 11.42 sq.m, Total size 65.11 sq.m, Price 88 550 EUR
1-bedroom # 31: Net size 53.09 sq.m, Common parts 11.52 sq.m, Total size 64.61 sq.m, Price 87 870 EUR
Studio # 32: Net size 38.30 sq.m, Common parts 8.64 sq.m, Total size 46.94 sq.m, Price 67 594 EUR
Studio # 33: Net size 38.30 sq.m, Common parts 8.64 sq.m, Total size 46.94 sq.m, Price 67 594 EUR
Studio # 42: Net size 38.30 sq.m, Common parts 8.64 sq.m, Total size 46.94 sq.m, Price 68 532 EUR
Studio # 43: Net size 38.30 sq.m, Common parts 8.64 sq.m, Total size 46.94 sq.m, Price 68 532 EUR
1-bedroom # 45: Net size 53.69 sq.m, Common parts 11.42 sq.m, Total size 65.11 sq.m, Price 91 805 EUR
1-bedroom # 51: Net size 50.05 sq.m, Common parts 9.02 sq.m, Total size 59.07 sq.m, Price 83 289 EUR
Studio # 52: Net size 38.78 sq.m, Common parts 8.08 sq.m, Total size 46.86 sq.m, Price 68 416 EUR
Studio # 53: Net size 38.70 sq.m, Common parts 8.06 sq.m, Total size 46.76 sq.m, Price 68 270 EUR
1-bedroom # 54: Net size 58.96 sq.m, Common parts 10.98 sq.m, Total size 69.94 sq.m, Price 95 818 EUR
1-bedroom # 55: Net size 51.82 sq.m, Common parts 10.38 sq.m, Total size 62.20 sq.m, Price 85 214 EUR
Ski/Snowboard rental shop and storage: Net size 47.73 sq.m, Common parts 9.86 sq.m, Total size 57.59 sq.m, Price 69 108 EUR