This Villa Complex is of stunning quality and extremely beautiful under construction development consists of only 13 detached chalets with unique style and design. The holiday village is situated in the southernmost part of Pamporovo resort, at an altitude of 1,320 m. The view revealed when a person looks outwards from the complex is a view of the emblematic rounded hills of the Rhodope Mountains, overgrown with spruce and pine forests and spectacular view of majestic Panorama Rocks. The holiday village is situated in the center of scientifically proved longevity region. Typical for this region are the following health features: mountain air breeze circulation, negative air ionization, high biological UV area, air with low microbe quantity, high clean air intensity. The complex will be your convenient base for skiing in the winter, and for mountaineering, fishing, biking and relaxation in the summer. The chalets are only 2.5 miles (4 km) from the Studenets ski lift station and 1.9 miles (3 km) from the main road (panorama) between Pamporovo and the city of Smolyan. This under construction development is ideally located for the private buyer and the investor. Each Chalet consists of two floors with unique open-plan living room, modern fitted kitchen, cozy fireplace and elegant veranda on the ground level. A design staircase with beautiful windows leads to the second floor, where are two double bedrooms with a common terrace and a large bathroom. Each property will have 107 sq.m total built-up area, 250 sq.m own garden, one car parking lot, local security and fire-alarm system. FINISHING All chalets will be completed with highest quality materials: EXTERIOR reinforcing steel-concrete construction solid brick walls thick insulation for extra heat protection of outer walls roof of red tiles, matted over wooden construction outer mineral plaster – white colour stone pitched dam facing – “ivailovgradski” stone wooden architectural elements high quality double glazed windows (glasses in green shade) PVC framing – “golden oak” design solid wooden front doors veranda and terrace – granite with wooden elements INTERIOR Entry and Foyer floor – terracotta tiling walls – latex painted ceiling – latex painted electric switches Bathroom / WC floor – Spain floor ceramics walls – floor-to-ceiling faience tiling electric boiler sanitary units – toilet, sink and mixing tap, bathtub or shower cabin cupboard and accessories electric switches Living Room floor – terracotta tiles or laminate parquet walls – latex finish ceiling – latex finish cozy fireplace lighting elements – switches and ceiling/wall fittings Kitchenette floor – terracotta tiling walls – latex finish with decorative faience cover MDF cupboards electric oven refrigerator electric switches Bedrooms floor – laminate parquet walls and ceiling – latex finish electric switches General individual heating – electric radiators interior MDF-design doors individual security system fire-alarm system possibility for Satellite TV telephone line and Internet cozy fireplace storage staircase with elegant windows parking lot for each chalet COMMON To complement the chalets, the complex will incorporate the following on-site facilities : • 24-hour security – guardian and security video-surveillance • 24-hour reception service • Caffe-Bar with fireplace • Fitness/Gym • Sauna • Secure ski storage • Parking lots • Beautifully landscaped gardens with park-lighting and paths • BBQ OPTIONAL Complete interior design and furnishing will be provided by some of the leading furnishing companies in Bulgaria. Furnishing packs start from €50 EUR per square meter and include everything necessary for using or letting of the chalet. PROPERTY MANAGEMENT We will offer all property owners in the complex an efficient and highly effective Property Management and Letting service. We will provide professional management and maintenance services for the whole complex and for all chalets, together with regular rental income and investment returns of 5-7% annual. MAINTENANCE OF THE COMMUNAL AREAS (compulsory) The maintenance of the building will provided by developing company. The annual maintenance fee is €800 Euros and will cover the following: * Maintenance of the gardens, alleys, parking lots and communal areas. * Maintenance of the sauna and fitness/GYM. * Maintenance, cleaning, electricity and water bills for all communal areas. * Security for the villa complex. * Giving/collecting keys for chalets. * Standard repairs occurring from normal use. LETTING MANAGEMENT (not compulsory) Marketing all Chalets. Owners who want to rent their chalets to skiers and tourists will be offered our letting services. The professional tour-operators will source the reservations and advertise the chalets. For letting of the chalets we charge 15% of the total rental income. Regular monthly reports will be prepared and available for the chalet owners who will be able to log into our reservation system and to track the past, current and future reservations, availability and occupation, income, expenses, etc. PROPERTY MANAGEMENT (not compulsory) Property management service is provided by the developer. The annual charge of €450 Euros per year covers the following services: * Management and maintenance of all relevant documentation. * Organisation of any and all maintenance required at the villa, inclusive of regular cleaning, change and laundry of linen, preparation of the villa for rental, everyday cleaning when the apartment is occupied by tourists, etc. * Organisation and payment of any and all expenses relating to the property to third-party suppliers: eg: bills for power and water supply, digital TV, Internet subscription, cleaning and the general maintenance of the apartment, including repairs and renovation as and when required etc. * Organisation and the payment of the annual property tax (funds must be supplied by the villa owner). * 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. * 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. RESERVATION Any chalet can be reserved for 20 days with a non-refundable deposit of €1000 EUR or £660 GBP paid to the bank account of the developer. The buyer is expected to sign a preliminary contract with the development company and to pay the first installment within approx. 20 days after reservation. The payment of installments was started in March 2006. It is not necessary to come to Bulgaria in order to reserve a chalet or sign the preliminary contract. PAYMENT PLAN: * 30% of the sales price - at signig the preliminary contract for sale (include Reservation deposit) * 30% of the sales price - at the completion of the second floor level and finishing of the roof * 30% of the sales price - at the full completion of the building and sign Act 15 * 10% of the sales price - at the signing the notary deeds and transfering the chalet to the client PRICE are VAT included! The villa complex is expected to be complete approximately December 2007
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