Seven Lakes

Overlooking Eastern Europe's only PGA credited golf course and 15min from Borovets ski resort. Low money down, 70% mortgages & high rental potential. Bulgaria achieved real growth of over 30% in 2007

Seven Lakes Overview

A rare chance to invest along the boundaries of Jack Nicklaus’ first East European PGA standard 18-hole golf course

• Favourable payment terms
• Prime location with views over the golf course
• 45 minutes from Sofia
• 15 minutes from Borovets 
• Management services in place for high rental potentials
• CarbonNeutral environmentally friendly resort
• A unique development concept in the area

THE INVESTMENT

The Seven Lakes development enables buyers one of the best opportunities to invest in one of Europe's fastest growing economies

• Ideal mid to long term investment
• 30% deposit
• Pre-negotiated 70% mortgage for completion 
• Year round rental potential
• Located just 15 minutes away from Super Borovets, destined to be one of Eastern Europe's largest ski resorts
• Huge investment planned for this region due to its location and facilities, promising investors sustained capital growth
• Project designed to work against climate change and promote an environmentally-friendly development

THE SECURITY

Our recommended legal team has carried out an independent ‘Due Diligence Report’ on this development and is satisfied with the results of all legal searches

• Land registry confirmation
• Planning permission

THE DEVELOPER

Expo Ltd. was set up in 2006 with the sole intention of developing the Seven Lakes project. From the very outset of the project, Profile Europe have been involved in a close working partnership with Expo for the Seven Lakes project.

IPIN have worked closely with Profile on various landmark projects in the UAE, such as Jasmine Garden on ‘The World’ project, along with several other projects within Dubai’s Sports City development.

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Further Details

This eco-friendly development located close to Borovets and Bulgaria's largest ski resort, offers a limited number of 2 bedroom detached villas built on private plots.

• Views of the golf course and the Rila Mountains
• The entire project stretches over 64,000 m2 of land
• Management, letting and maintenance services available
• CarbonNeutral Company designed project, maintaining harmony with the environment
• Private landscaped gardens with alpine trees and stone footpaths

THE UNITS

• 2 bedroom detached luxury villas
• 142m2 build size
• Plot sizes ranging from 639m2 to 674m2

THE BUILD SPECIFICATIONS

• Premium quality wood veneers throughout
• Exposed wooden structural beams and latticework
• Top of the range sanitary ware and fittings
• Reinforced foundations and structural skeleton
• Reinforced solid wood front door with impenetrable locking system
• Security double-glazed windows and terrace doors
• Open floor plans
• Modern security systems fully integrated with detectors and videophone
• Contemporary designs
• Covered carport with infrared heaters
• Multi-room, pre-installed sound and vision system
• Fully installed heating system with modern electric radiators
• Solid stone wood burning fireplace, heating the whole house from its core
• Fitted kitchen with innovative appliances and Italian tiles
• Sockets for broadband, satellite and terrestrial TV
• En-suite bathrooms with built-in wardrobes
• Sports utility room with winter drying racks
• Office space that could be converted into a downstairs bedroom

THE FURNITURE PACKS

A furniture pack has been especially put together for this project.

• All furniture is Italian and is of the best quality
• 2 bedroom option: 9,995 EUR (incl. VAT)

THE CARBON NEUTRAL DESIGN

The project has been designed with minimum environmental impact in mind.

• The CarbonNeutral Company's protocol measures and reduces CO2 emissions, carrying out regular greenhouse gas assessments to establish the baseline CO2
• Cost-effective methods are employed to reduce these emissions through carbon offset schemes to create zero net emissions
• The design will not only provide homes which work with the environment, but also promote healthy living in the long run

The project will also be designed using striking natural features in contemporary designs enhanced by the natural beauty of the surrounding landscape.

THE RENTAL PROJECTIONS

Seven Lakes offers sound rental potential and the villas can accommodate up to two families. The Dolna Banya area has recently seen a great influx of tourists during both the summer and winter seasons, due to the great variety of activities in the area, stunning scenery and close proximity to European cities.

• Comparisons have been made with 12 villas / chalets currently for rent in the Sofia/ Borovets area, offering an average weekly rental of between 280 GBP and 435 GBP.
• The minimum weekly rental price is 98 GBP and the maximum is 750 GBP

THE PROPERTY MANAGEMENT

The Property Management and Letting Pack

The developer's marketing department will be able to handle most of the marketing and advertising:

They will be running various advertising campaigns and are aiming to team up with some of the leading local and international tour operators and travel agents promoting Bulgarian tourism. This ensures the highest possible occupancy of investor's property, giving the highest possible return on their investment

The comprehensive property management service, includes the above and:

• Key handling
• Payment of bills, taxes, etc
• Advertising and placing tenants for rentals
• Rental preparation: airing/heating of property, cleaning and laundry as required
• General maintenance and repairs*
• Meet and greet guests at the airport
• Dealing with third party service providers such as electricity and water supply companies, security companies, etc

The annual fee for this service is 900 EUR*
* Please note that the actual costs of additional services/repair works is not covered by the management fee and will be charged seperately.
* The management company pays a fixed rental price per night to the property owner when the unit is rented out on a short term basis (1-29 nights) or they charge a commission of 50% of the first monthly rental when they find a long term tenant (29+ nights of stay)

Owners can use their property as much as they wish, provided that they have informed the management company in advance and that there are no tenants staying at their property.

The Property Management and Maintenance Pack

This package of services is suitable for property owners who are primarily interested in renting out their property to friends in addition to property management and maintenance.

Further details can be found in the FAQs.

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