ID: D-187 - Bulgarian Property, Bulgarian Real Estate, Real Estate Bulgaria, Properties Bulgaria, Bulgaria propertyID: D-187 - Property Bulgaria, Bulgarian Property, Property in Bulgaria, Real Estate Bulgaria, Bulgarian Real EstateID: D-187 - Property in Bulgaria, Bulgarian Properties, Real Estate Bulgaria, Bulgarian Real Estate, Bulgaria property, Property for Sale in Bulgaria

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home > bulgaria > mountain

ID: D-187,
Mountain
Development for sale
Borovetz, Bulgaria

Type: mountain
Prices from: € 34 400
Completion date: November 2009

Property Description:

BG Estates Worldwide would like to present you the dreamlike property in Bulgaria, Borovets – Chamkoria Chalets. It is perfectly positioned to benefit from the growth of Borovets as a major international ski region. Located in the beautiful Bialata Poliana area, it is set among majestic pine trees with stunning views of the Rila and Vitosha mountains. Situated just meters from the new ski gondola and the prestigious "Five Mountains Golf Course", this area is set to become one the most exclusive parts of Borovets. The combination of skiing and golf right on your doorstep makes this a true all season investment. Offering the very best of European style and quality, each property has been designed to maximize the spectacular views of the Rila Mountains.

    » Unique nature!
    » 65 km from Sofia airport
    » 55 km of pistes
    » 250 m from the new mountain golf course

Chamkoria Chalets
is set to become the premier development in Borovets. Here's why:

    • The location and views are truly spectacular

    • Just meters from the Super Borovets luxury hotel zone and new ski lift

    • Located beside the Super Borovets 18-hole mountain golf course

    • Prices include VAT and the full value is declared on your title deeds

    • Up to 70% bank financing as available and is payable in stages

    • Estimated rental returns of 8-10% per annum

    • The chalets and apartments use the very best of European design and are finished to a luxury standard

    • Prices include fully fitted kitchens, bathrooms, floors and heating

Borovets is about to explode with investment potential. The launch of the Super Borovets project will transform the area and result in large property price increases. The existing facilities are being improved and vastly expanded. Currently Borovets has 55 km of ski runs. This will be extended by 100 km creating a huge ski domain. Over 500 million Euros is being invested and the Bulgarian government is supporting the project. The majority shareholders in the project are Equest Balkan plc (a UK listed investment fund) and the State Fund of Oman. These high profile investors bring with them significant funding and excellent international experience managing large scale investment projects.

Property Details

Chamkoria Chalets is a luxury development of 10 ski chalets and 44 apartments located in the mountain resort of Borovets. It is set in the exclusive Super Borovets area and just 250m from the new mountain golf course and ski lift. The unique architecture of the complex uses a beautiful mixture of stone, wood and glass to create a luxurious alpine finish. At Chamkoria Chalets we offer a full range of properties from studios and apartments to individual chalets. Our aim is to create a luxury development catering for families and investors of all sizes.

Following the huge success of Chamkoria Apartments I we are now happy to announce the release of Chamkoria Chalets II which is a luxury development of 10 ski chalets located in the mountain resort of Borovets!

The layout of the chalets has been carefully designed to ensure that each chalet has beautiful views of the surrounding forest and mountains. The east and south sides of the plot face the small road which gives access to the complex. The north side of the plot is beside some small pine trees and the west side faces open fields. There are beautiful views in all directions. Parking has been located away from the chalets to ensure safety for children. The common gardens will be landscaped with lawns and trees to create a pleasant location for you to relax in summer and winter.

Specifications:

  • General Construction Works
    • a monolithic reinforced concrete construction with brick walls
    • floor slabs – reinforced concrete
    • roof slab with hydro isolation
    • roof – roof tiles, water gutters and other tin works
    • external heat isolation
    • interior walls - as per approved architectural project
    • plastering – outer and inner
    • joinery - polyvinyl chloride (PVC)
    • exterior access way, facades and roof – as per approved architectural project
    • open-air parking lot, greenery
    • double glazing

  • Internal Finishing:
    • Entrance Hall
      • » Floor – cement finish with ceramic floor tiles
        » Walls – gypsum plastering and latex painting
    • Kitchen
      • » Floor – cement finish, ceramic floor tiles
        » Walls – gypsum plastering and latex painting
        » Block dressers with a built-in washbasin and hot-plates
    • Living room
      • » Floor – cement finish, laminated floor
        » Walls – gypsum plastering and latex paint finish
        » Fireplace (in specific apartments as per architectural design)
    • Bedrooms
      • » Floor – cement finish, laminated floor
        » Walls – gypsum plastering and latex paint finish
    • Bathrooms
      • » Floor – ceramic floor tiles
        » Walls – ceramic tiles
        » Sanitary ware – toilet, washbasin, washbasin tap
        » Bath-tub or shower – as per approved architectural design
        » A choice of 3 ceramic styles will be available
        » A choice of 3 kitchen styles will be available

  • Site plan:
  • The development is located at the top of a hill ensuring 360 degree views of the surrounding countryside and mountains. The leisure facilities are located on the ground floor of the apartment block and include a heated pool, sauna and Jacuzzi.

    All properties face away from the complex towards the spectacular mountain views. The layout has been carefully designed to ensure that each property has beautiful views. Parking is located away from the common areas to ensure safety for young children. A reception, shop, ski store and cafe-bar are also available on site for the benefit of you and your guests.

    • Lower Ground Floor – Three 1-bedroom apartments, one 2-bedroom apartment, pool and leisure facilities, cafe and storage areas.

    • Ground Floor – one studio, four 1-bedroom apartments, three 2-bedroom apartments, Reception area and shop.

    • First Floor – one studio, five 1-bedroom apartments, four 2-bedroom apartments.

    • Second Floor – one studio, five 1-bedroom apartments, four 2-bedroom apartments.

    • Third Floor – one studio, three 1-bedroom apartments, one 2-bedroom apartment, four 2-bedroom duplex penthouses, two 3-bedroom duplex penthouses.

    • Fourth Floor – this floor contains the bedrooms for the duplex penthouses.

  • External Finishing:
  • The apartments are finished in an alpine style using a combination of stone, wood and glass to create a unique and luxurious design.

The Chalets:

Each chalet has 4 bedrooms and 3 bathrooms spread over three floors. The layout is designed to maximize the amazing mountain views. To help this, the main living areas are located on the top floor which has floor to ceiling windows.


Ground Floor Layout

  • Entrance hall area

  • Sauna

  • Double bedroom with en-suite and doors to garden

  • Second double bedroom

  • Storage for skis and equipment under stairs

  • Stairs to first floor

  • Garden with terrace


First Floor Layout

 
  • Double bedroom to rear

  • Double bedroom to front with en-suite and balcony overlooking the garden

  • Main bathroom

  • Picture window in the hall area

  • Stairs to top floor


Second Floor Layout

 
  • Fitted kitchen with picture windows

  • Dining area

  • Lounge with real fireplace

  • Extra height ceilings with exposed beams and timber paneling

  • Floor to ceiling windows with views to mountains

  • Balcony overlooking the garden and mountains.

Furnishing


We do believe that the strategy of the perfectly designed interior incorporates professional approach and profound knowledge of the contemporary interior standards.
The appropriate furniture means not only style and comfort, but also a steady investment - it may be a great advantage if you are planning a long or short-term letting of your property - the elegant interior will make it preferable and will help you receive higher rental income and obtain repeat business.

At your convenience, BG Decor http://www.bgdecor.com/ provides exclusive furnishing packages, completed up to the highest standards and approved by all major tour operators for rental purposes.

  • Exclusive lettings furnishing packages
  • High quality furniture items
  • An elegant design line and color solutions
  • A wide selection of finishes and accessories available

Other info

Super Borovets


The Super Borovets project is one of the largest and most ambitious ski resort developments currently underway in Europe. Over 500 million euros is being invested in the area and is set to transform Borovets into a world class mountain resort. The project has been carefully planned to comply with ecological and strategic objectives and ensure protection for the beautiful forests and surrounding national park. The existing facilities will be improved and vastly expanded. New ski gondolas and chair lifts will be created and the size of the ski area will be doubled. Several new golf courses will be created and tourist facilities to encourage summer visitors. No other resort in Bulgaria has so far had such a project or received such extensive investment. Over five years Borovets will become the premier mountain resort in Eastern Europe with world-class ski slopes and spectacular golf courses attracting tourists from all over Europe. If you want to be part of the Borovets success story now is the time to invest in Chamkoria Chalets. Being so close to Sofia makes the resort the most assessable in Bulgaria. At just 67 km from Sofia airport, it can be reached in less than 1 hour by car. In winter Borovets is very popular with European skiers due to its excellent pistes and easy access. Its location close to Sofia also makes it popular in summer when the wealthy Sofianites like to escape the heat of the city and head for a cooling break in the mountains. When you arrive in Borovets you will find Chamkoria Chalets located in the beautiful forested area known as Bialata Poliana. This area is earmarked for luxury chalets and hotels as part of the Super Borovets development plans. The development is located just meters from the new Super Borovets ski lift and 18-hole mountain golf course. The combination of skiing and golf right on your doorstep, make this a true all season resort and a superb investment location.

The project was officially launched on 8th October 2007 and is expected to be completely ready by 2012. Over five years Borovets will be turned into a modern ski area with world-class ski slopes and become the premier ski resort in Eastern Europe attracting tourists from all over Europe.

The overall master plan for the project has already been approved and financing is in place to complete the project. Two new villages will be created under the plans and linked via gondolas to the overall Borovets ski domain.

Zone I – Lower Borovets

A new tourist village will be created just outside Samokov town. This will be located at 1000 m and a new 10 km gondola will transport skiers to the Yastrebets and Markudijik ski areas. This area will target tourists who cannot afford to stay in the higher parts of the mountain. Tourist centres and leisure facilities will be created at this level and also an 18-hole golf course.

Zone II – Upper Borovets – VIP Zone (this is where Chamkoria Chalets is located)

In the areas Shumnatitsa/Bialata Poliana (1400 m) and Gvardeiska Poliana/Mecha Glava (1600 m) new luxury hotels and ski chalets will be built. In these areas, village and eco tourism will be encouraged. Folklore restaurants, model farms, riverside parks and a horse riding centre are all part of the plans. In the Bialata Poliana area there will be a spectacular 18-hole mountain golf course overlooking the beautiful Rila mountains and a gondola linking
the area to the Borovets ski domain. As this area is high in the mountains every effort will be made to ensure the development is eco-friendly and sustainable.


Reasons to invest in Bulgaria

  • EU membership achieved on 1st January 2007
  • Sustained GDP growth of 5-6 % per year
  • NATO membership received in 2004
  • Political and economic stability
  • Very competitive labor costs compared to the rest of Europe
  • Very competitive tax regime - 10% corporate profit tax as of 1 January 2007
  • Well educated, highly trained English speaking workforce
  • Strategic geographic location on the trans-european transport corridor. Over 6.8 billion euros of EU structural funding will be invested in Bulgarian transport infrastructure from 2007 to 2013.
  • The Bulgarian currency, the Leva is pegged to the euro - reducing currency risk
  • On track to join euro currency zone in 2010 ahead of many other central European countries
  • Budget airlines Easyjet, Wizzair, SkyEurope and GermanWings already fly to Sofia and Ryanair are currently in negotiations to fly to both Sofia & Plovdiv airports
  • Property prices remain amongst the lowest in Europe and are expected to increase significantly with EU membership
  • The Bulgarian tourist market is growing by 22% per year with opportunities for beach, ski, golf and spa tourism
  • Mortgages up to 80% loan to value are readily available.

Why you should to invest in Borovets mountain resort

  • The Super Borovets investments are set to transform the Borovets resort over the next 5 years. The resort and facilities will be significantly increased with the ski pistes extended to over 100km, 2 new ski gondolas, several ski lifts and 2 golf courses created. Chamkoria Chalets development is located right next to the Super Borovets Bialata Poliana 1310 area which includes a new 18 hole mountain golf course and ski gondola.
  • Borovets has the best transport links of any Bulgarian ski resort. Currently 1 hour from Sofia airport, Borovets will be just 40 minutes when the new Rila motorway is completed. It is also just 90 minutes from Plovdiv airport.
  • Ski resorts like Borovets offer winter and summer rentals. Occupancy levels are very high in winter. During summer the mountains attract hill walkers, climbers and nature enthusiasts. This gives ski resorts a significant advantage with regard to rental income. We estimate up to 10% rental yield is achievable on our Borovets properties.
  • An international championship golf course is currently being designed by Nicklaus Golf at Dolna Banya just 30 minutes from Borovets and will open in 2009. 2 further courses are included in the Super Borovets project. This will significantly enhance the summer rental opportunities in the area. One of these courses is located in the new Bialata Poliana 1310 village and just meters from Chamkoria Chalets.
  • Borovets is already a very popular weekend resort for people from Sofia who come here during the summer months to experience the beautiful flora and fauna and the clean air.
  • Further new ski resorts are planned for Govedartsi village and Malyovitsa which are 20km from Borovets. These projects will take longer to materialize as they are at the early design phase but they show the ambition the Borovets area has to become a massive integrated ski domain.


Unique selling points of Chamkoria Chalets development

 

  • The Chamkoria Chalets development is located in the Super Borovets Bialata Poliana 1310 area and right beside the new mountain golf course and ski gondola. This area will contain luxury chalets and hotels. It is designed to encourage both summer and winter tourism. Model farms, historic & traditional exhibitions and the mountain golf course are all designed to maximize summer rental.
  • The development comprises 10 chalets and 44 luxury apartments in a secure gated complex.
  • All properties have magical views of the surrounding mountains and pine forests.
  • The leisure facilities include indoor swimming pool, sauna and Jacuzzi.
  • There is an onsite reception, lobby, shop & café-bar
  • Parking is provided and there is 24 hour security
  • A private shuttle bus is provided to the resort during the ski season
  • The complex is located in a secluded location surrounded by forests at a height of 1350m. It is important to understand that 95% of the Borovets area is protected forest which means there is limited development land. This means that a property like this will always increase in value and also ensures that Borovets can never become over developed.
  • There is a very limited supply of chalets in Borovets and almost no modern luxury chalets. This ensures that your property is very exclusive and will enhance rental returns and also future sales.
  • The duplex penthouses are unique in Borovets as they have the living and sleeping areas on
  • different floors. These top floor apartments offer spectacular unrestricted views.
  • Many of the apartments have fireplaces installed to create a cozy chalet feel.
  • The full purchase price is declared on your title deeds. This is important to ensure that you do not incur excessive capital gains tax should you sell the property in the future.
  • All finishing is to a luxury standard and to the very best of European design. Three choices of kitchen units and bathroom ceramics will be available.
  • Optional furniture packs will be provided closer to the completion date. A range of styles will be offered to cater for all tastes and budgets.
  • The development is timed to complete in 2009. This coincides with the timing of the Super Borovets project and completion of the Nicklaus design golf course in Dolna Banya. It also gives you 2 years of capital growth during the build phase. Buy now to maximize your profit even before your chalet is completed.
  • We are happy to help you arrange a mortgage on your property and can recommend mortgage brokers who can secure 80% loan to value mortgages.
  • Payments on the property are at agreed stages as the building progresses.
  • We estimate a rental yield of 8-10% is achievable on these properties.
  • Full rental and property maintenance services are provided. This is important to ensure that the communal areas within the complex are well maintained and to ensure that your rental clients are taken care of during their holiday. (property maintenance will incur an annual fee)


We hope this information is useful and it helps you to choose a property in Bulgaria. We believe our properties are the very best available in Borovets or Bulgaria today both in terms of quality and finish but also in terms of investment potential. We assure excellent customer service to all our clients and will help you through each stage of your property purchase. We can do this as we focus on small exclusive developments. We hope you will choose to purchase one of our properties as we believe it would be an excellent investment decision. We welcome any questions you may have about our properties or the area. Please email or call us if you would like to discuss anything.

On-site Facilities


» Lobby & 24 hour reception
» Indoor swimming pool
» Sauna
» Jacuzzi
» Mini-market
» Cafe & Bar
» Ski store
» Satellite TV Connections
» 24 hour security
» Secure Entrance / Exit
» On site parking
» Private shuttle bus
» Landscaped gardens
» Property and rental management on-site
» Maintenance Fee: 9 euro per m2 per annum

Location & Maps



    

Area info


Borovets is the oldest and most famous mountain resort in Bulgaria. Situated on the northern slopes of the Rila Mountain at an altitude of 1390 meters, the resort enjoys a breathtaking location huddled amongst age-old pine forests right at the foot of Mount Musala (2925 m), the highest peak on the Balkans. Located just 50 minutes from the capital Sofia, Borovets is one of the most accessible ski resorts in Europe. Established at the end of the 19th century as a hunting place for the Bulgarian kings, Borovets has developed into an attractive mountain resort. With snow cover from December through until April and a long summer season, this is a popular destination all year round.


Winter

Borovets is a magical place during the winter months. The picturesque forests and spectacular snow clad peaks will take your breath away. Mountain lovers from all over Europe converge on the resort to partake in skiing, snowboarding, cross-country skiing, ski jumps, biathlon, ice-skating and night skiing. Groomed pistes weave their way through the stunning scenery of the Rila Mountains offering ski runs that cater for all levels. Borovets regularly hosts various winter sports competitions and has twice hosted World Cup competitions in Alpine skiing. Its biathlon track is recognized as one of the best in Europe. For the more adventurous skier, the internationally acclaimed ski schools offer ski touring, free-riding, ice climbing, and paragliding.


Summer

Summer in Borovets offers beautiful scenery and a warm and pleasant climate. It is a popular location for walking, climbing, mountain biking, horse riding and adventure sports. The beautiful and impressive Lake Iskar is close by offering excellent boating, water sports and fishing activities. The Borovets area is set to become a haven for golfers. The first Nicklaus Design golf course in Southeast Europe is already under way. Two further courses will follow, including the prestigious "Five Mountains Golf Course" that will be set high in the Rila Mountain with breathtaking views over five mountain peaks. For nature-lovers the resort is a favorite vacation spot and starting point of many hiking routes in the Rila Mountains. And when the sun has gone down, the resort begins to pulse with the numerous lights of the restaurants, bars and nightlife that make Borovets such a fun place.


Gallery


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Prices & Availability

* BG Estates Worldwide reserves the right to actualizes the prices of the particular object.

Apartments
Apartment Bedrooms Floor View Build Area Total Area Price in € Est. Price in £ Status
First floor | Floor Plan : Plan | Plan
101 2 - bedroom 1 W   136 .20 m2 €74 910 £65 921 Available
102 1 - bedroom 1 W   55 .95 m2     Sold
103 2 - bedroom 1 W   119 .58 m2 €75 340 £66 299 Available
104 1 - bedroom 1 E   64 .39 m2     Reserved
105 1 - bedroom 1 E   65 .37 m2 €60 186 £52 964 Available
106 2 - bedroom 1 E   91 .14 m2 €65 620 £57 746 Available
107 1 - bedroom 1 E   65 .12 m2 €44 930 £39 538 Available
108 2 - bedroom 1 S   96 .67 m2     Sold
109 1 - bedroom 1 N+W   68 .80 m2 €34 400 £30 272 Available
110 2 - bedroom 1 N+E   102 .25 m2 €56 240 £49 491 Available
111 1 - bedroom 1 E   69 .42 m2     Sold
112 2 - bedroom 1 E   86 .92 m2     Sold
Second Floor | Floor Plan : Plan
201 2 - bedroom 2 W   88 .99 m2     Sold
202 1 - bedroom 2 W   40 .24 m2     Sold
203 1 - bedroom 2 W   65 .10 m2 €44 920 £39 530 Available
204 1 - bedroom 2 E   64 .39 m2     Sold
205 3 - bedroom 2 E   131 .75 m2     Sold
206 2 - bedroom 2 E   131 .75 m2 €98 800 £86 944 Available
207 2 - bedroom 2 E   92 .06 m2 €69 050 £60 764 Available
208 2 - bedroom 2 S   94 .48 m2     Sold
209 2 - bedroom 2 S   94 .48 m2     Sold
210 1 - bedroom 2 W   65 .37 m2 €45 110 £39 697 Available
Third Floor | Floor Plan : Plan
301 2 - bedroom 3 W   88 .99 m2     Sold
302 1 - bedroom 3 W   39 .03 m2     Sold
303 1 - bedroom 3 W   64 .39 m2     Sold
304 1 - bedroom 3 E   65 .10 m2     Sold
305 1 - bedroom 3 E   65 .94 m2 €47 480 £41 782 Available
306 2 - bedroom 3 E   86 .92 m2     Sold
307 1 - bedroom 3 E   65 .94 m2 €47 480 £41 782 Available
308 2 - bedroom 3 S   94 .18 m2     Sold
309 2 - bedroom 3 S   97 .10 m2     Sold
310 1 - bedroom 3 W   65 .37 m2 €47 070 £41 422 Available
Fourth Floor | Floor Plan : Plan | Plan
401 maisonette 2 - bedroom 4 W   158 .03 m2 €220 000 £193 600 Available
402 1 - bedroom 4 W   53 .01 m2     Sold
403 2 - bedroom 4 E+W   113 .34 m2 €85 010 £74 809 Available
404 1 - bedroom 4 N+E   51 .98 m2     Sold
405 1 - bedroom 4 E   52 .09 m2     Sold
406 maisonette 2 - bedroom 4 E   108 .19 m2     Sold
407 maisonette 3 - bedroom 4 E   111 .06 m2     Sold
408 maisonette 2 - bedroom 4 S   114 .79 m2     Sold
409 maisonette 2 - bedroom 4 S   105 .72 m2     Sold
410 maisonette 3 - bedroom 4 W   114 .23 m2     Sold
411 1 - bedroom 4 S   50 .26 m2     Sold
412 1 - bedroom 4 E   22 .96 m2     Sold
Chalets
Apartment Bedrooms Floor View Build Area Total Area Price in € Est. Price in £ Status
Ground floor | Floor Plan : Plan
1 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Available
2 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Available
3 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Reserved
4 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Reserved
5 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Available
6 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Available
7 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Available
8 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Reserved
9 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Available
10 4 - bedroom Ground     151 .49 m2 €185 000 £162 800 Reserved

Payment installments


Payment in Due Date
  3,000 euro payment as a reservation fee (deductible from the Preliminary Contract payment)
30% payment within 14 (fourteen days) from signing the Preliminary Contract
30% payment at the completion of the roof level
40% payment on completion of the property
   
  Prices include VAT and the full value is declared on the title deed.

Floor Plans


Apartments
floor Plan(s)
First floor Plan | Plan
Second Floor Plan
Third Floor Plan
Fourth Floor Plan | Plan
Chalets
floor Plan(s)
Ground floor Plan

Construction Update


 
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