We are pleased to offer you this absolutely stunning complex, with 28 fully furished freehold luxury apartments, built in traditional Bansko architecture and superbly finished with high quality fixtures and fittings.
The hotel, sold as investment apartments or fully serviced holiday homes, is located just 700 metres from the Gondola lift, 7 minutes from the town centre, in a very pleasant and quiet area. All the apartments are with unspoiled mountain views. A Fireplace in the living room is optional for most apartments at 2,000 Euros.
Building commenced on 1/12/2005 and is due to complete on 31/12/2006.
Indoor facilities:
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Luxury Spa Centre
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Jacuzzi
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Sauna and Steam Bath
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Gym
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Massage and solarium room
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Mehana (traditional style tavern)
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Reception desk
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Security (24 hours)
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Ski and ski boots storage depot
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Laundry
Outdoor facilities:
The garden is amphitheatrically styled with built in barbeques and tables where you and your guests can serve, or be served by one of the hotel staff. Four car parking spaces are available to be purchased at 5,000 Euros each. Further details can be obtained by contacting us.
The developer is offering two options on rentals. A guaranteed rental contract to be signed at Preliminary Contract stage, or an agreement for the reception to rent the apartments out on behalf of the buyers when they are not there. The conditions are as follows:
- GUARANTEED RENTAL Guaranteed for 3 years at 8% of the property value per year. For this, the price of the apartment is increased by 100 Euros per sqm. Therefore on property A1, priced at 53,844 for 51.28sqm, they would pay an extra 5,128 Euros, but would guarantee rental of 4,718 per year for three years (14,153 in total, therefore a benefit of just over 9k Euros). Any additional rental income will be to the benefit of the developer, and any shortfall will be absorbed by the developer.
- MANAGED RENTAL AGREEMENT This can be signed for on a year by year basis and offers a great deal of flexibility to the buyer. As the residence is operating as a hotel, they will rent out the apartment as a hotel room whenever the buyers apartment is available. The buyer agrees a schedule with the reception. For this service, the Hotel will charge 20% of the rent, therefore, the apartment owner gets 80% of the rent. There are no additional charges for this, and the expected returns are between 8 and 10% of the property value per year, however, they are not guaranteed.
The Romance Hotel is located in Bansko, just a 10min walk from the Gondola lift, in a very pleasant and quiet area. Nestled between Pirin, Rila and Rodope mountain ranges, Bansko is located at the foothills of Pirin mountain listed in The World Register of Natural Heritage - UNESCO. Bansko is situated in the south-west part of Bulgaria, 160 km. (90 miles) from Sofia airport. The distance to Skopie airport in Macedonia is only 113 km. The ski resort is 350 km. from The Black Sea (Bulgaria) and just 250 km. from The Aegean sea (Greece). Therefore it is very convenient for multi-choice holidays for both the mountains and the seaside.
PAYMENT PLAN
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 4 instalments, however, you may wish to bring payments forward if you wish:
30% when SIGNING THE PRELIMINARY CONTRACT (less your reservation fee)
70% when ACQUIRING THE OWNERSHIP with clear title (December 2006)
TECHNICAL DETAILS
All the apartments are luxuriously finished to the highest quality, using only the best materials:
Warranty - 10 years construction warranty
1. Floors
- Wooden floors in the living rooms and the bedrooms
- Terracotta tiles in the bathrooms, kitchen and corridors
2. Walls
- Thick isolations for maximum heat protection
3. WC
- The bathrooms and WC fully fitted (the bathrooms include a shower cubicle, bath, sink, toilet and all accessories
4. Doors and Windows
- Solid doors and with quadruple glazed windows
5. Heating System
- Modern local central heating system with radiators, making your ongoing maintenance cost considerably lower, compared to other types heaters.
Options for:
- Fire place in the living rooms
- Cable TV with 40 international channels installed
- High speed Internet
- Telephone line (BTK)
- Fire-detectors
- Ski storage depot
FURNITURE
Furniture is included in the price of the apartment.
This will include everything needed to make the apartment ready to use and rent out.
Bedroom: beds, wardrobes, dressing table, bedside lighting, linen, towels, bedding, etc
Kitchen: cooker, microwave, fridge, cupboards, kettle, toaster, pots, pans, cutlery, crockery, kitchen implements etc.
Living room: TV, sofa, easy armchairs (convert to a sofa bed), coffee table, indoor plants etc.
MAINTENANCE OF COMMUNAL AREAS
