Development name :	Royal Towers, Bansko, Bulgaria
Country/City/Town :	Bansko
Location :	Golf, Ski
Types :	Studio, Apartment, Penthouse, Duplex
Status :	Under Construction
Prices from :	55000 Euros

Click here for current price list & availability.

Click here for floor plans

Click here for construction update.

"You can't get closer to the gondola"

• Within 100 metres of the ski gondola

• Full purchase price on your Notary Deed

• Over 200 apartments already sold.

• Excellent mountain views

• Construction has already started by a highly reputable construction company

• Fantastic facilities

• Excellently priced for the location.

• High rental value due to the location with full property management available.

The Project

Property experts say that the three most important aspects of a property are location, location and location and this new development scores an A+. Bansko offers a large number of properties, however, none are as close or well positioned as this.

Many of the surrounding developments are being sold for over 1,500 Euros per square metre and this luxurious development is priced at just 1,350 Euros.

Bansko Royal Towers is situated in the southern part of Bansko, next to the Glazne river and the existing gondola station which can be accessed via a foot bridge opposite section 1 and a car bridge level with section 4 of the development. The town centre is a short walk away and the new Ian Woosnam 18 hole golf course in Razlog is just 10 minutes by car.

The land plot covers 14,000 sqm, with a built up area of just under 5,000 sqm. This large complex consists of 5 floors and 12 sections with each unit having its own entrance and elevator.

Properties Available

The complex offers over 320 apartments which all come with free ski storage:

- Ground level apartments from 50 sqm. to 100 sqm. with their own gardens from 15 sqm. to 30 sqm.;

- One-bedroom apartments from 60 sqm. to 80 sqm.;

- Two-bedroom apartments from 80 sqm. to 130 sqm.;

- Penthouses from 120 sqm. to 150 sqm.

Completion date - 1st March 2007.

Prices

All prices include VAT and the full value of your purchase is recorded on your Notary Deed. See above for a list of all available apartments.

Maintenance

A Management Company has been incorporated to manage the maintenance of the common areas and facilities of the resort. All clients will be forwarded a detailed management contract prior to the completion of the development. Apartment owners can take advantage of the services of a letting company to make additional profit, in addition to the potential the capital gain. The main office of the letting company will be located in the resort. The management of the resort would like to ensure that anyone who buys an apartment in the complex will feel comfortable in a clean and well organized environment. This can be insured only by collecting small maintenance fee from each owner. This fee will ensure maintenance of the common areas, gardens, parking facilities, sports facilities, security as well as the cleaning of the complex. The maintenance fee has been set at 14.40 Euros per square metre.

The Bansko Royal Towers complex also offers the option to manage the renting of your apartment to tourists and will ensure that you have the opportunity to sign a contract with a leading and world-wide tour operator which will take care of your apartment by renting it out for you in your absence.

Facilities

The complex offers:

• 12 person Jacuzzi Pools and indoor heated swimming pool

• Fitness Centre with gym equipment and Sauna

• Restaurant on 2 levels

• Ski Lockers (a free heated locker for each apartment located in the on-site ski shop)

• Coffee Shop with a large terrace overlooking the astonishing slopes and peaks of the Pirin mountain

• Snack bar

• Supermarket / Shops

• Satellite TV and Internet Connection

• Bank

• SPA Club with relaxation zone

• Garages available for sale

• Reception Area

• Secure Free Parking

• Children's Play Area

• 24/7 Security throughout the complex.

• Property Management

• Individual Private Gardens (for some apartments)

• Communal Gardens.

Finishing

You will receive your apartment completely finished as follows:

- Kitchen - Laminate flooring, low and high level cabinets, built-in fridge, twin-ceramic hob with cooker hood / extractor fan and sink with drainer.

- Bathroom - with ceramic tiles on walls and floor, fully equipped with all sanitary equipment including shower cubicle or bath, basin and WC.

- Lounge - Laminate flooring, Cable TV and Internet

- Bedroom - Carpeted

- Corridors - Granite tiles

- Central heating and running hot water

Material Specification

- Roof - Bramac (leading Austrian roofing company)

- Insulation - Baumit (one of the best Austrian insulation companies)

- Windows - Finstral 5 cameras double K windows (Italian market leader)

- Heating and Ventilation - Ruvex Ltd. (the best Bulgarian HVAC company, only working with German products)

- Cables and Lights - Italmodaluce (Italian)

- Furniture - A selection of high quality furniture providers who have experience in providing stock to 5 star hotels in the country such as the Kempinski Grand Arena

- Bricks - Itong

- Bathrooms - A variety of Italian providers.

Payment Terms

europropertyonline have a refundable reservation fee policy which enables you to hold an apartment for up to 30 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first instalment. Only 10% of your reservation fee is retained by europropertyonline as an administration charge. We will accept verbal reservations which are valid for 72 hours. The refundable reservation fee is €3,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first instalment. After 30 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.

The buyers will be required to pay the price in 2 easy instalments:

50% when SIGNING THE PRELIMINARY CONTRACT (less 3,000 EURO reservation fee)

50% when ACQUIRING THE OWNERSHIP with clear title.

Furniture

In order to keep the cost of apartments down to a minimum, and we understand that buyers will have different preferences towards furniture, depending on what they intend to use their apartment for, different furniture packs will be available for each apartment at additional cost. The prices will be available soon and will include delivery and installation.

Construction

Construction is well under way and continue throughout the summer season (see construction images via the link above). The roof should be installed by June 2006 and completion is due 1 March 2007.

Proof of Ownership / Permission / Location

We understand that a large issue when buying off plan in Bulgaria is that you need to do a certain amount of due diligence to confirm that the development exists and that the land is owned by the investor / developer, has the correct planning permission and building permission, and that the development is located exactly where we say it is.

Well we can help you..... just enquire below and ask us for proof and we will send you all of the necessary documentation.