VILLA PARK

Villa Park is luxury mountainous SPA residence in Borovets designed according to the European safety and comfort requirements. Villa Park will be situated in the centre of Borovets resort, and 5 minutes walking distance to the ski lift.

Ref. No. BR00003

Price from €57,715

City/Town/Village: Borovets

Property Features

Swimming Pool

Restaurant

Terrace

Cable TV

Phone Line

Garden

Parking Lot

Maintenance

snack bars

reception

spa centre

Coffee Bar

Sauna

Lobby bar

Description

Villa Park is luxury mountainous SPA residence in Borovets designed according to the European safety and comfort requirements. Villa Park will be situated in the centre of Borovets resort, and 5 minutes walking distance to the ski lift.

Villa Park’s key features:

· 24 hour front desk and concierge

· Security system

· Safe-deposit box

· Underground parking

· Lift

· SPA centre, including indoor heated swimming pool, fitness, saunas, steam bath

· Ski storage

· Restaurant (80 seats), lobby bar (20 seats)

· Shops

· Green areas and open-air kindergarten with outdoor decorative lighting

· Laundry and ironing

· Management and support

The building

The area of the lot on which the residence will be built is 3,000 m², and the total built up area of the building is 7,100 m². Villa Park will be provided with:

· High quality heat insulation

· A balcony for each apartment

SPA Center

There will be a SPA centre in the residence including:

· Indoor heated swimming pool

· 2 saunas

· Steam room

· Massage rooms

· Aromatherapy

· Thalasotherapy

· Water massage

· Fitness

· Coffee bar

The apartments

The residence comprises of 86 luxury apartments with an area of between 36 125 m². All the apartments will be finished with high-quality materials:

· Carpet covering or laminated flooring in each apartment

· High-quality terracotta floor tiles in the bathrooms and the kitchens

· Fully furnished bathroom and WC, including shower cabin and all kinds of accessories

· Internal walls covered with gypsum plasterboards

Full furnishing

Each apartment will be fully furnished and will be ready for use or to be rented:

· Bedroom beds, wardrobe, bedside table, night lamps, bedding and blankets, curtains

· Kitchen cooker, microwave oven, refrigerator, dining table, chairs, and kitchenware

· Living room sofa and armchairs, TV set, TV table, curtains

· Corridor coat rack, wardrobe

See the furniture options here.

Equipment

All apartments will be equipped with:

· Heating system

· Aluminum radiators

· Security alarm system

· IP telephone connection

· High speed internet access

· Cable TV

· Lighting

· Fire alarm

Reservation and payment plan

An apartment can be reserved with a reservatiion fee of EUR 1,000 which is valid for 10-day term. On signing of the preliminary agreement the reservation fee is deducted from the first payment. The reservation fee is non-refundable in case a preliminary agreement is not signed. The payment of the whole price has to be done according to the following payment plan:

· First payment: 90% of the total sale price – within 5 days after signing the preliminary agreement; half of the sum will serve as a deposit that guarantees the buyer’s obligation to sign the final agreement, and it is non-refundable.

· Second payment: 10% of the total sale price – within 5 days after receiving the right for use for the building.

Term for completing the construction and signing the final agreement

The building should be completed till 31st December 2006. The final agreement for the transfer of the ownership of the property by means of a Notary deed will be signed within 2 (two) weeks after receiving the permission for the exploitation of the building. It is expected to happen around 31st March 2007.

Maintenance and management of the property

First class property management services will be provided by the seller. The annual service charge of 5.5 euro per sq. m. will cover: cleaning and maintenance of the common areas of the building and the elevators, maintenance of the garden and the open-air kindergarten, common lighting and electricity as well as all other services connected with the common areas of Villa Park.

General conditions

· The buyers will be kept informed for the construction works and will be announced in time when the construction is finished.

· The first buyers have the opportunity to choose the best apartments.

· It is not necessary for the buyers to visit Bulgaria in order to reserve an apartment or to sign a preliminary agreement.

· Buyers may choose a lawyer themselves. In case they do not have a certain lawyer we can recommend them law offices that are specialized in such matters.

ABOUT Borovets

Situated in Southeastern Europe, Bulgaria occupies a relatively small area – 111,000 sq. km, but nevertheless it is distinguished by generous and varied nature, glorious history and impressive culture.
Bulgaria became a NATO member in 2004 and it is expected to join the EU in 2007.

In Rila – the mountain with pure-clean and marvelous lakes, from which rise some of the deepest and longest rivers in Bulgaria, at the foot of Moussala peak (2925 m) – the highest peak on the Balkan Peninsula, huddles Borovets resort. It was established in 1896 by King Ferdinand who has been delighted by the picturesque area and the mountainous crystal-clear air, and has decided to build there his summer residence. The name of the resort comes from the Bulgarian word “bor” – pine – after the age-old pine woods that cover the place.

Today Borovets is the oldest and the biggest mountain resort in Bulgaria, situated at 1350 m. altitude, and is a modern all year round resort, with luxury hotels, restaurants with international and traditional Bulgarian cuisine, bars where world-famous Bulgarian wines can be tasted, night clubs and discos. Situated 73 km from the capital of Bulgaria – Sofia, and 126 km from Plovdiv – the second largest city in the country, Borovets is easy of access and preferred place for a holiday, tourism and sport. It provides excellent opportunities for winter sports: the ski runs are with total length of 45 km, and are of various difficulty, they are suitable not only for skiing but also for snowboarding, ski jumps, biathlon, night skiing. New runs and equipment are in process of construction. Visitors who do not ski may enjoy organized trips to picturesque spots in the Rila Mountain like the Seven Rila Lakes, the famous Rila Monastery, Moussala peak, etc. They may also ride or fish, or visit the King’s Residence in Borovets.

Borovets is one of the mountain resorts where in 2014 the Winter Olympics would take place in case the candidature of Bulgaria is approved. During the next years the “Super Borovets” project will be developed. The resort is expected to become a tourist place with modern infrastructure, wide range of services, and opportunities for sport and entertainment. Thus Borovets would turn into the largest winter resort on the Balkan Peninsula.

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