Location: 3 min from the Gondola - St Ivan District

Facilities: • Hotel reception with concierge
• Lobby-bar with welcoming fireplace
• Shops and boutiques in lobby
• Swimming-pool (with sun-deck)
• Spa centre with sauna, massage, steam room
• Gym with contemporary equipment
• Ski room in basement with exterior entrance
• Hotel laundry facilities with washers and dryers
• Underground parking spaces for sale

Date of completion: Nov 2008

Service charge: 13.20 E per sq.m ( VAT included )

Mortgages paid by the developer at Balkan Place

For apartments bought at Balkan Place in the period 10 May to 30 September 2007, the developer undertakes to cover the first two years' mortgage interest payments.

This represents a considerable saving as demonstrated in this worked example. The figures apply for the 6.75% (variable) Capital and Interest mortgage offered by EIB Bank. This is the most popular mortgage brokered by Bulgarian Home Loans.

Worked example

• Purchase price: 89,670 euros

• Maximum Loan to Value: 75%

• Loan amount: 67,252 euros

• Monthly interest payment: 376 euros

• Monthly interest payment x 24 months = 9,024 euros

• Total saving is 9,024 euros

Therefore this offer represents approximately a 10% discount.

Please note that this offer only refers to interest payments. It does not include the capital repayments.

The offer is conditional on buyers choosing Payment Plan C: 30% at Preliminary Contract, 70% at Completion.

• 70% LTV Mortgages available from DSK Bank at 7% p.a.

• Located in Bansko, south of the town, in prestigious St Ivan district

• British developer

• Apartment hotel and spa centre

• 3 minutes to Gondola Lift Station by dedicated minibus shuttle (free)

• 66 high-spec. ski apartments

• Hotel reception with concierge

• Lobby-bar with welcoming fireplace

• Swimming-pool with sun-deck

• Most apartments with terraces

• Spa centre with sauna, massage, steam room

• Gym with latest fitness equipment

• Ski room

• Laundry room

• Underground parking

• Latest fire safety measures

• 3 payment plans (with small deposit, or large deposit with 5% discount, or with mortgage)

• Property management and letting on-site



Position: Balkan Place is situated in the St Ivan district of Bansko. This area is to the south of Bansko, in the foothills of the Pirin Mountains, three minutes by dedicated minibus shuttle to the Gondola Station. St Ivan is emerging as the most prestigious district of the town. The views are terrific across 360-degrees, and the few developments taking place there are of a higher quality than those in the town below.

Balkan Place has been designed with a great deal of care. Two main themes underlie the design, that will ensure these apartments make an excellent investment.

Value and investment potential: the apartments are designed to contain the maximum number of bedrooms and beds in the smallest area. 1-bedroom apartments are on average 60 square meters (646 square feet), 2-bedroom apartments are 80 sq m (860 square feet). Costing is by the square meter, so the prices of Studios and 1-bedroom and two-bedroom apartments are lower than in any development in equivalent superb position or with so many facilities. The apartments at Balkan Place are much larger than French ski apartments.

Rental : Balkan Place is composed of 66 high-specification apartments, with rich facilities, and will function like a hotel. So it has hotel reception, lobby bar, room-service, spa centre with swimming-pool, shops, laundry service, and staff to run the facilities. This meets with the requirements of the two main markets for rental - the Tour Operators and independent holidaymakers from Sofia, Greece and other neighbouring countries. (For this reason fireplaces in the apartments are excluded, as Tour Operators are against fireplaces. There is a welcoming fireplace in the lobby-bar.)

Buying at Balkan Place

We plan to ensure that buyers do not suffer the stress and frustration that can occur when buying from Bulgarian developers. So:

• The Preliminary Contract is simpler and clearer and fairer that that presented by any other developer in the Bulgarian property market

• Copies of all documentation and all permissions for the project will be presented immediately to buyers' lawyers, on demand.

• A summary legal report, summarising the documentation for the project, is available to all buyers.

• Payments will be made to the Bulgarian bank account of the developer - there is no dealing with off-shore bank accounts.

• Prices include VAT, and the developer pays this VAT.

• Full prices will be stated on the Notarial Acts.

Summary

• Located in Bansko, south of the town, in prestigious St Ivan district

• British developer

• Apartment hotel and spa centre

• 3 minutes to Gondola Lift Station by dedicated minibus shuttle (free)

• 66 high-spec. ski apartments

• Most apartments with terraces

• Latest fire safety measures

• 3 payment plans (with small deposit, or large deposit with 5% discount, or with mortgage)

• Property management and letting on-site

Construction and Finishing:

Building materials used in the construction are the highest quality, suiting the local climate and complementing the beautiful site.

• Traditional wood and stone exterior

• Wooden roofs with red tiles (Bramac) for charming finish

• Living room: Tiled floors

• Kitchens (open-plan): Granite compound tiled floors, with tiled walls

• Bedrooms: Laminate wood floors (Kronospan)

• Bathrooms: Italian terracotta floors and Italian tiled walls

• Bathroom fittings: Vidima Ideal manufacturer, plus extractor fan

• Terraces: Spanish granite compound tiled floors, drainage, wooden parapet

• Front doors: Steel internal doors: MDF

• Windows: three-chamber PVC, with processed stone sills

• Concrete and brick framework

• Hydro- and thermal-insulation (60 mm Styrofoam)

• Roof insulation: 100 mm wadding (Izover)

• Plaster-board on walls

• Central-heating (oil-fired, with aluminium radiators in apartments)

• Lift (ISAMET)

• Cable TV connection

• Broadband internet connection

• Intercom entrance

• Smoke alarms in all apartments, fire doors and other fire precautions

Furnishing:

• The apartments at Balkan Place are sold without kitchen cabinets and appliances. Furniture packs including kitchens are available from the developer at very reasonable prices. The furniture is produced from beautiful solid Bulgarian wood, not MDF. The appliances are upper-range Western European brands. A full furnishing service is provided including measurement, interior design, delivery and fitting. These furniture packs have been carefully designed to meet the requirements of the Tour Operators.

Property management and letting

These properties have exceptional rental potential. We anticipate gross rental returns of about 9% p.a. There is on-site property management and letting office on the premises.

Reserving Apartments at Balkan Place

Clients may reserve specific apartments, meaning the developers will take it off the market for up to four weeks. The cost of the Reservation is GBP 750 (approx. Euro 1,000), which is deducted from the purchase price. The reservation fee is non-refundable if you decide against buying.



Services are provided for EUR 11 plus 20% VAT per sq m annually. These cover

• buildings insurance premium

• security

• maintenance of the building

• maintaining electricity and water systems and roof

• cleaning public areas

• utility usage (electricity, water) for common areas

• gardening

They exclude private utility usage, local taxes, rental management fees.

The information listed here is given to us from the developers of this property.
As such it is accepted by the client that Homes 4U Bulgaria can not be held responsible
for any inaccuracies or discrepancies between the information listed and the actual property.

Floor plans: 5th floor 4th floor 3th floor 2nd floor 1st floor ground floor

Balkan Place apartments - Bansko © Homes4UBulgaria 2004 - 2008