Panorama Apartments near Pamporov

Reference number:	128
Country:	Bulgaria
Town:	Pamporovo
Type:	Apartment
Living Area:	From 32m²
Price:	From €26,075 (£18,167)
Interests:	Skiing, Hunting, Mountain
Number of apartments:	67

Property Details:

PROMOTION until Feb 05 '06 - 1 YEAR DEFERRED PAYMENT and FREE INSURANCE

DEFERRED PAYMENT TERMS

The 1 year deferred payment (after the completion of the building expected for December 2006) is open to all clients who sign contracts and pay deposits by Feb 05, 2006! Free standard property insurance for 1 year by ALLIANZ.

1. 20% - in 10 /ten/ days after the signing of the preliminary agreement;
2. 20% - upon mounting the window frames of the building (exp. May 2006);
3. 20% - upon completion of the construction work (exp. Nov-Dec 2006);
4. 10% - until 30.04.2007
5. 10% - until 31.08.2007
6. 20% - until 31.12.2007

• new ski lift and ski slope to Snejanka peak is expected to be build just 300 metres away!
• Exclusive price - from 500 euro/sq.m.
• Ready for ski season 2006-2007

Details

Complex "Panorama" is located near Stoikite very close to the popular Pamporovo ski resort, away of the commercial area but still within easy reach to the ski facilities. Clean area with picturesque views and fantastic surroundings, 1400 metres above sea level. One can feel the magnificent atmosphere of Rhodope mountains - the home of Orpheus, and enjoy the freshness of the air mixed with the pine, fir and spruce fragrance. The easily accessible mountain could be explored by every tourist.

The property features 67 apartments - studio, one, two and three bedrooms apartments, all of them with magnificent views to the peaks of Perelik (to the south) and Snejanka (to the east) as seen on the pictures below. The four-storey complex is being developed on a land plot of an acre in a traditional Bulgarian style. Underground garages and outdoor parking lots are available.

Facilities (to be used for a small fee):

• Jacuzzi
• sauna
• fitness club
• restaurant with panoramic view
• coffee bar
• ski store room and ski rental service
• laundry area
• transport service for the owners and their guests

The developer, Rodopi Development Ltd has already developed and sold a similar complex in the area with great success mainly to UK investors.

Date of completion: 31 December, 2006

Way of Finishing

Rough construction: ferroconcrete structure, red brick front walls.

Finishing works:

Apartments

• Walls and ceiling: KNAUFF - plaster boards, latex paining
• Floors: terracotta tiling
• Bathrooms/WC: faience tiling, floor: terracotta tiling, hydro-insulation, bathroom fittings, fan, 80 litre hot water boiler.
• Joinery
• Windows and terrace doors: German made wood colour PVC frames with compound glazing; Doors: entrance door: MDF, veneered; interior doors: MDF, painted

Installations:

• Water-and-sewage: polypropylene, PVC;
• Electrical switches and sockets (made in Bulgaria)
  • Facades: silicate plastering and stone facing, complete "BAUMIT" thermal insulation.
  • Common areas: floor - granitegress, walls and ceilings KNAUFF, painted.

Infrastructure:

• provided electrical power feed, urbanization design by project, provided road connection.

There is a central heating provided for the common areas, but no heating for the individual apartments. Furniture packages, two heating options on electricity, and three fireplace designs are offered additionally by the developer, to be paid separately. Please inquire for details.

Management Service

At the time of transfer of the real property the parties negotiate the conditions for subscribed services (security and maintenance) for the public areas of the complex. The contract is available upon request.

Annual fee of EUR 7 /seven euro/ per square metre, VAT 20% excluded, per each owned apartment, where the following discounts shall apply:

• three years' advance payment: 10% discount per apartment per year.
• five years' advance payment: 20% discount per apartment per year.

The management service includes the following:

• Organising the internal order of the building and the running of the complex's common facilities;
• Offering all kind of assistance to the owners to ensure their serene and undisturbed use of their respective homes and the complex as a whole, as well as to ensure that they exercise undisturbed their right of ownership;
• Technical maintenance of the common installations and equipment and of the building's common parts, the sports and recreation block, the ski room, the coffee shop, the restaurant, the green areas, the parking lots and the yard;
• Arranging 24 hour security of the complex;
• Heating of the common areas of the building;
• Provision of sanitary and hygienic services for the complex and the common parts of the building;
• Organising and managing the paid services provided in the complex.

Pamporovo Information

Pamporovo is located in the most southern part of Rhodopi mountain, the nearest bigger town is Smolyan (please see the Bulgarian towns through the "Bulgarian Locations" menu on the left of our web site for more information). Surrounded by clean and unspoiled nature, pine woods and beautiful mountainous sceneries, the place is a perfect spot for recreation and relaxation in the crystal clear air and sports activities in the nearby ski resort. A new ski-lift is due to be built next to the complex which will allow direct access to the main ski slope of Pamporovo - Snezhanka, and which will influence greatly the prices in the area. A major motorway construction is underway from Smolyan to nearby Greece (just 30 km), which is expected to boost tourist inflow from Greece. The road is expected to be completed by the end of 2006.

Pamporovo claims to be the sunniest mountain resort in Europe (270 days of sun per year on average). There is an efficient lift system. Currently, there are total of 27 ski slopes of a total of 25km piste run. New ski runs and lifts are being developed presently, the one in Stoikite being one of the first to be completed - June 2008.

Useful information for the near-by Stoikite village: http://www.stoikite.com/english

Information for the Rhodope Mountain: http://rodopi-bg.com/english/index.shtml

Traveling to Pamporovo is easy in the winter using the charter flights to the city of Plovdiv, which is 80km away. Cheap charter flights are arranged in the ski season by many British and international travel agents, including Balkan Holidays and First Choice.

Rentals

Rental agreement are being negotiated between the developer and the leading travel agents in Pamporovo.

Availability and Prices:

Pricing of the apartments in the complex is made taking into account apartments' view and floor. Please see regularly updated PDF file in the "Related Files" above. Prices include 20% VAT.

Payment Terms:

1. (Deposit - in 10 /ten/ days after the signing of the preliminary agreement - 30% of the purchase price;
2. Upon reaching shell stage - 20 % of the purchase price (exp. March 2006);
3. Upon mounting the window frames of the building - 20 % of the purchase price (exp. May 2006);
4. Upon completion of the construction work -30% of the purchase price (exp. Nov-Dec 2006).

How to reserve an apartment?

You can reserve a property through us for two weeks by making a 500 euro bank transfer. The reservation fee will take the property immediately off the market and a Preliminary Purchase Agreement will be signed and posted to you. The reservation fee is refundable only against the initial purchase price.

How to buy from a distance Bulgarian property?

You can now buy property in Bulgaria without having to travel the distance to Bulgaria using our unique service "Buy from a distance!" To find out more, please see our Buy from Distance page.

Viewing Trips:

Pearl can arrange a viewing trip to this Bulgarian property at your convenience. Please contact us by e-mail or telephone for further arrangements.

To request further information about this property, please click here.

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