Bansko Royal Towers
Ref:
4074
Type:
Apartment
Location:
Bansko, Bansko, Bulgaria
Price: 80000 EUR (80000 EUR)
Size From: 86.6m2
1 bedroom, 1 bathroom
Recommended, Ski, portfolio
Large 1 bed apartment fully Furnished of 86.6 m2 for sale for €80,000. Built and ready to occupy. Start earning rental income now!
"You can't get closer to the gondola"
- Within 100 metres of the ski gondola
- Full purchase price on your Notary Deed
- This apartment is closest to the ski gondola
- Excellent mountain views
- Built and ready to occupy now !
- 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 less luxurious developments are being sold for over 1,500 Euros per square metre and this luxurious fully furnished apartment is priced at just 1,454 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 - The development is now competed
Prices
The price of this 1 st floor 1 bed apartment is €126,000 incl vat
This resale apartment is fully furnished and ready to move into. A reserve deposit of €6,000 is payable followed by the balance of the payment 4 weeks later when the contract is signed.
About Bulgaria
Many people are now looking at Bulgaria as a place to buy properties for investment or as holiday homes. There are many properties for sale in the Country and in the beach areas of Bulgaria.
Aquarius Properties Abroad now list a huge range of Bulgarian properties for sale, (apartments, duplex, villas, houses, commercials, etc).
Although quite a small country, Bulgaria has a whole range of attractions within its borders. Mountain ranges with skiing in winter and nature walks in summer, to the 220 miles of beach fringed coastline, known as the "Black Sea Riviera".
Geography:
Situated in southeastern Europe, Bulgaria occupies the northeastern part of the Balkan Peninsula. To the North, via the Danube River, it borders on Romania, to the West – on Serbia and Montenegro and on the Former Yugoslav Republic of Macedonia. To the South its neighbours are Greece and Turkey. To the East Bulgaria touches the Black Sea, which links it also to Russia, Ukraine, and Georgia. The Black Sea borderline is 378 km (240 miles) long. The country’s total territory is 111 000 sq. km (43 000 sq. miles).
Demographics
Population (July 2001 est.): 7,707,495.
Growth rate (July 2001 est.): -1.14%.
Ethnic groups (1998): Bulgarian 83%, Turkish 8.5%, Roma 2.6%, and others.
Religions (1998): Bulgarian Orthodox 83.5%, Muslim 13%, Roman Catholic 1.5%, others.
Language: Bulgarian (official).
Health: Life expectancy (2001 est.) - male: 67.72 years; female: 74.89 years.
The Bulgarian climate suits those who prefer their summers hot but not stiflingly so, with temperatures around 30 degrees centigrade along the coast. Reasonable, in Bulgaria, rainfall gives the countryside a pleasant lush greenness, with a huge range of plants and thick forests. Where flower covered meadows may be just past memories in much of Western Europe, here in Bulgaria they still exist, to delight the senses. Ideal growing conditions produce excellent quality foods, often organic, and good quality Bulgarian wine.
The predominant climate in Bulgaria is moderate and transitional continental. (2,000 to 2,400 hours of sunlight per year). Four seasons. Dry and hot summer. Average temperature (April - September): + 23 °C. Cold winter with snowfalls, average temperature: 0 °C. The average yearly temperature is 10.5 °C. A Mediterranean climate, with dry summers and mild, humid winters, prevails in the valley of the southwestern Rhodope Mountains. The northern limits of the climatic zone is the Balkan Range
The average January temperature in Sofia ranges between -4° and 2°. The July temperature ranges between 16° and 27° C. Along the Black Sea, the average January temperature ranges between -1° and 6° C and the July temperature ranges between 19° and 30° C. The soft transitional Mediterranean climate and the fertile soils are very suitable for growing the century-famed Bulgarian attar-yielding rose – a valuable raw material for perfumery, medical products, food and wine, and tobacco industries
Low Cost of Living
The high taxes and production costs in EU countries can make holidays and second homes there an expensive experience. Bulgaria by contrast is low cost, remarkably so. The local currency, the Lev, is pegged to the Euro and does not reflect its true intrinsic value. In other words, it's not as highly valued as it should. This helps Bulgarian exports and foreigners who wish to invest in Bulgaria. The country seems determined to join the EU in 2007, so this window of opportunity is limited.
As for the Bulgarian housing market, a lot of property can be bought for not much money. Over the past year prices have risen sharply, particularly in the main coastal areas, but there is still a long way to go to reach "European levels". Of course, many will equate low prices with high risk. It's normal to have anxiety about the unknown or unusual. The reality, however, should reassure. Bulgarians have always valued private property, as shown by their very high levels (equal to UK) of home ownership, even during Communist times. Their experience of those difficult years now motivates them to modernise and reach out to opportunity. It's a generally friendly country, with a long history of dealing with conflict that makes them tolerant and easy going. Tourism is recognised by the government as a key industry for them and foreign investment is welcomed.
The Black Sea Coast
Bulgaria's coastline is one of the last warm European coastlines yet to be developed. Only about 3 1/2 hours flying time from UK, it is an alternative to the Mediterranean. It is attracting the lion's share of property investment, from hotel building to the purchase of private villas and apartments.
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