Property in Pamporovo, Bulgaria - PANORAMA FURNISHED APARTMENTS NEAR PAMPOROVO

Property Details:

NO COMMISSION from the buyers for this property!

NEWS:
One resale apartment available! (incl. furniture package)
Ap. B-3b (73,98sq.m total) - 55786 Eur
January 15, 2008 - All Remaining Apartments for Sale Offered Fully Furnished
For more information on what's included in the furniture packlage please read under the "FURNITURE" section below.
August 24th, 2007 - Construction of the New Ski Lift to Snezhanka Peak Started
The new 6-seater lift POMAGALSKI (http://www.poma.net/english/index.html) will connect Snejanka peak to the near-by Stoykite village and is constructed by Pamporovo AD, the company that manages the whole ski resort infrastructure. The lift will be 3km long and is expected to be ready for the ski season 2007-2008. There will be also 2 ski runs along the lift - 3,420 and 2,901 km long.
...see the pictures below...

Febr, 2007: Construction of Panorama apartment complex is completed
The development is completely finished and has received official Certificate "Permission for Use" (Act 16) No 9 from 31.01.2007 from Smolyan manucipality.

March, 2007 The Sports and Tourism Centre Perelik ski resort project will be realized with the participation of the local authority in Smolyan, Bulgaria
The contract between the mayor of Smolyan Dora Yankova and the strategic investor Kiril Asenov was signed on March 1st, 2007. Five companies will be established for the construction of the Perelik project, four of them with the participation of the Smolyan municipality. In the main company - Perelik Infrastructure, the municipality will participate with 845 ha of land, while the investor Sports and Tourism Centre Perelik will add another 733.2 ha. The capital of the municipality will be 25% plus 1, which will give it a veto power for important decisions.

The Perelik ski resort project will be built in several stages until 2014, with plans for 127 km of new ski runs and construction of 30 new lifts. The ski resort will be in the Perelik range of the Rhodope mountain (the highest part of the mountain) where the snow cover stays until April-May. The project value is over 200 million euros, according to Kiril Asenov - the chairman of the board of directors of the Sports and Tourism Centre Perelik joint venture.
The Perelik Centre is planned as a year-round resort including a ski-complex, golf course, zone for rural, eco, hunting and fishing tourism.

The Perelik area will be connected to Smolyan, Pamporovo, Chepelare and Mechi Chal. There will be no residential buildings higher than 1700m above sea level, and in the resort areas the developments will be low-rise with the traditional local architectural design. The whole project will have an area of 27 000 ha, including the area around the peaks Perelik and Kozuyatak, the local villages, the new resort areas as well as connection to the existing resort centres. The first stage of the project is to construct 6.5 km lifts and 15 km of ski runs in the Kozuyatak and Perelik area until 2008. (www.stroitelstvo.info)

February 12th, 07 - NEW PRICES FROM MARCH '07!
The developer is planning a price increase on the remaining apartments from March 01, 2007. The new prices are coming as a result of the start of the contruction of the new 6-seat lift to Snejanka peak, located just a few hundred meters away. All deals for which holding deposists are received before March 01 will be closed at the old prices agreed. (www.biodar.net)
February 2007 Construction of the Perelik project
The contract between the mayor of Smolyan Dora Yankova and the strategic investor Kiril Asenov was signed on March 1st, 2007. Five companies will be established for the construction of the Perelik project, four of them with the participation of the Smolyan municipality. In the main company - Perelik Infrastructure, the municipality will participate with 845 ha of land, while the investor Sports and Tourism Centre Perelik will add another 733.2 ha. The capital of the municipality will be 25% plus 1, which will give it a veto power for important decisions.The Perelik ski resort project will be built in several stages until 2014, with plans for 127 km of new ski runs and construction of 30 new lifts. The ski resort will be in the Perelik range of the Rhodope mountain (the highest part of the mountain) where the snow cover stays until April-May. The project value is over 200 million euros, according to Kiril Asenov - the chairman of the board of directors of the Sports and Tourism Centre Perelik joint venture.The Perelik Centre is planned as a year-round resort including a ski-complex, golf course, zone for rural, eco, hunting and fishing tourism.The Perelik area will be connected to Smolyan, Pamporovo, Chepelare and Mechi Chal. There will be no residential buildings higher than 1700m above sea level, and in the resort areas the developments will be low-rise with the traditional local architectural design. The whole project will have an area of 27 000 ha, including the area around the peaks Perelik and Kozuyatak, the local villages, the new resort areas as well as connection to the existing resort centres. The first stage of the project is to construct 6.5 km lifts and 15 km of ski runs in the Kozuyatak and Perelik area until 2008. ( www.stroitelstvo.info )

January 2007 - New 3km 6-seat lift will connect Pamporovo ski resort and Stoykite village. The lift will connect Snejanka peak to the near-by Stoykite village and will be constructed by Pamporovo AD, the company that manages the whole ski resort infrastructure. The lift will be 3km long and will be ready until December 1st 2007. There will be also 2 ski runs along the lift - 3,420 and 2,901 km long. ( www.selo.bg ).

December 12, 2006 - 4 new apartments available!
The development in the last stages of construction allowed recent architectural changes in the ground level of the building. We are pleased to offer 3 new one-bedroom and 1 two-bedroom apartments on the ground floor in section A. The apartments are favourably facing South-West and have a nice layout that allows very reasonable pricing - from about 41k for the one-bed and 55k for the 2-bedroom (see the Prices & availability .xls file on the left section "Related Files" for exact details). Each of the 4 new apartments has a direct access to the garden outside through a private terrace, about 1.5 metres above the ground. Real pictures and computer generated layout on the facade is available on this page below under the section "Updated Property Pictures". Please enquire for details and reservations. (www.biodar.net)

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DETAILS

Complex “Panorama” is nicely located near Stoikite resort village very close to the popular Pamporovo ski resort, away of the commercial area of the resort but still within easy reach to the ski facilities. With its clean area with picturesque views and fantastic surroundings at 1500 metres above sea level, the location offers great year-round recreation opportunities for all ages. 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 a total of 71 luxury furnished apartments - studios, one, two and three bedroom apartments, all of them with magnificent view 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. Outdoor parking lots are available.

The area around the complex is experiencing a rapid development with the building of the two new ski tracks and two 6-seat shielded lifts that connect to Snejanka peak and a new luxury ski resort is shaping up. The new ski lift and ski slopes to Snejanka peak are being build within easy reach just 300 metres away, and there will be no need to carry your skies! A few new apart-hotel complexes are being built in the area, and together with Panorama a whole new ski centre is shaping up.

Please contact us for updated pictures from the area.

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FEATURES

Facilities
• Welness centre with jacuzzi hot tub, Finnish sauna, and a modern gym with panoramic view,
• 500 square metre restaurant with panoramic view and open-air area,
• coffee bar,
• ski store room
• laundry area,
• transport service for the owners and their guests
• Garden & BBQ area
• parking lots
• all new facilities of Panorama Phase 2 (completion time expected 2009) will be avaiable to the all buyers of Panorama complex.

Services
• cable TV and broadband Internet access
• security: 24-hour live guard security, video system
• 24-hour reception services (from season 2008-2009) including:
     • letting out and cleaning
     • ski rental service,
     • laundry with dry cleaning
     • delivery of firewood
     • transport services in the country
     • rent-a-car; skidoos for rent; bicycles for rent
     • money exchange, etc

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

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PAMPOROVO INFORMATION

Pamporovo is located in the most southern part of Rhodopi mountain, the nearest bigger town is Smolyan (please check the link Bulgarian towns through the "LINKS" menu on the top of our webpage for more info). 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 in- and out-flow 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 20 ski slopes of a total of 25km pisted run. New ski runs and lifts are being developed presently, the one in Stoikite being one of the first to be completed - before season 2007-2008.

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 fligts to the city of Plovdiv, second largest, 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. With its location, Plovdiv Airport (www.plovdivairport.com), recently privatized, is said to become the N1 airport servicing the flights of the low-cost airlines to Bulgaria.

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FINISHING

Rough construction: ferroconcrete structure, red brick front walls.

Finishing works:
- Apartments
Ceiling: KNAUFF – plaster boards, latex paining.
Walls: plastered red bricks, latex paining.
Floors: terracotta tiles.
Bathrooms/WC: faience tiling, floor: terracotta tiling, hydro-insulation, bathroom fittings, fan, 80 litre hot water boiler.
Joinery
Windows and terrace doors: natural wood colour German made PVC frames with compound glazing; Doors: entrance door: MDF, veneered; interior doors: MDF, veneered.
Installations:
Water-and-sewage: polypropylene, PVC;
Electrical switches and sockets. Telephone and Internet connection, cable TV in each room.
- 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 asphalt road connection.

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FURNISHNG

All apartments are offered completely furnished and equipped to a 4-star apart-hotel standard with all utilities, kitchen utensils, bed linen and towels, LCD TV, curtains, decoration, accessories, etc. Decoration lighting is included. The furnishing is provided in accordance to a design project made by an interior designer, individual for each apartment. The flats are fully functional and ready to use or rent. Please equire for complete specification and pictures.
Fitted units include:
• Living area: sofa-bed and soft furnishing, coffe table, TV unit, dining table with chairs.
• Fitted MDF kitchen units in most of the apartments, including two level cupboards wtih decoration lighting, built-in waste-bin, sink with mixing tap, two-ring hobs, refrigerator and extractor hood, Possibility to integrate a washing machine and/or oven.
• Bedroom: king-size bed or two separate single beds, fire-retardant mattresses, wall-to-wall head board, lighting, two night tables, a dressing table with large mirror, wardrobe, chest of drawers, soft furnishing;
• Bathroom: fitted luxury chrome bathroom fittings incl. mirror with shelf and lighting, toilet roll holder, towel hooks and rails, waste-bin, etc.
• Hallway: hallway unit with mirror hooks and storage.

There is a central heating provided for the common areas, convector radiators are installed in each room. There is an option for three fireplace designs offered additionally by the developer, to be paid separately. Please inquire for details.

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MANAGEMENT SERVICE

At the time of transfer of the real property the parties sign a contract for subscribed services (security and maintenance) for the public areas of the complex. The contract guarantees prices would not change over a 5 year period and 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:
à/ three years' advance payment: 10% discount per apartment per year;
b/ 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.
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RENTALS
Rental agreement are being negotiated between the developer and the leading travel agents in Pamporovo.
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PRICES, AVAILABILTIY & FLOOR PLANS
Pricing of the apartments in the complex is made taking into account apartments' size, view and floor. The main principle is that smaller apartments, with south view and located on higher floor tend to be more expensive.
Please see the regularly updated .xls file in the "Related property files" above. Prices include 20% VAT.
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PAYMENT TERMS:
Deferred payment negotiable!
1. Deposit - in 10 days after the signing of the preliminary agreement – 20% of the purchase price;
2. 50% of the purchase price 3 months after the signing of the preliminary agreement
3. 30% of the purchase price 6 months after the signing of the preliminary agreement
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HOW TO RESERVE?
You can reserve a property through us for two weeks by sending a 1000 euro holding deposit. 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.

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