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Cut-price Bulgarian Development For Sale

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Other Description

Riverland Ski & Leisure Resort is a unique new development with its own infrastructure and great location. The development is located between Bistritsa River and City Park of Samokov. It will be a free car environment and will be a turn aside from the main road, ending with parking facilities and it will be situated on area of 56100sq.m.
Buying an apartment here you are also buying comfort, cosines and calmness. The developer of Riverland apartments is a very prestigious Bulgarian company and together with their international architectural partners, team led by design professionals, they bring innovation and excellent experience to this project. The complex consists of one Aparthotel and 9 residential buildings which offer more than 829 different luxury apartments. Together with all apartments the development offers a number of sports, entertainment and spa facilities as well as beautiful landscaped garden, park, swimming pool and river settings.
The complex will be delivered in two phases. In the first phase they will be 4 buildings. Each building will have 4 floors and 1 under roof floor. The complex will offer 4 types of units. Each building consists of 85 apartments â?? 42 studios, 8 two story apartments, 32 one bedroom apartments and 3 two bedroom apartments. The apartments will be delivered fully furnished. The construction of the complex is expected to start in spring 2008. The completition is to be finished latest in the beginning of 2010.
By buying property in this extraordinary complex you become part of Borovets - the oldest Bulgarian winter resort and one of the most magical and beautiful places in Bulgaria. The resort is situated in the Northern part of the highest mountain in Bulgaria â?? Rila and only at 10km from Samokov and 72km from the capital of Bulgaria. Its history dates back to 1896 when it has been known as a hunting place for the Kings of Bulgaria. Now days Brovets is a modern, high class resort with excellent network of ski runs, lifts and slopes giving everyone the opportunity for a whole range of winter sports and enjoying staying at luxury hotels as well. In order to develop and win recognition for itself as preferred destination for ski tourism and vacation in the next few years Borovets will be enlarged by the Super Borovets project. This will become one of the largest and most expensive investment and development projects in Bulgarian history costing the investors around 500 million EUR. The resort will be divided into three levels, as follows:
Level 1 or Low Borovets: It will be situated at 1100m above the sea level, just outside of Samokov. This area will cater for the less economically well off tourists, but will have good connections and transport with Borovets and the main ski area. This project will provide around 5000 hotel rooms.
Level 2 or Middle Borovets: It will be situated at 1300-1350m above the sea level. It consists of the existing Borovets with extensive investment and development. This will provide around 10000 hotel rooms and will remain as the main accommodation area.
Level 3 or High Borovets: It will be situated at 1600-1800m above the sea level and will cater for those looking for 5 star hotels and luxury experience, however it will provide no more than 2500 hotel rooms.
Once achieved, this project will turn Borovets into a year round resort for rest and recreation. During the winter one can enjoy winter sports. The plan is to be build 12 new lifts for the transfer of 15600 skiers per hour. The new project aims at 19 new ski runs with total length of 95km and a snowboard pipe with length of 1240m. Two new cable cars will be constructed, one of which will connect the town of Samokov to Sokolets Peak and Markudjitsi.
The purpose of the project is to attract tourists not only during the ski season, but also during the summer months. There will be new paths for walking, horse riding and mountain biking, covered stadium will be constructed

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Approximate price of this 0-Bed Development
€56,410 EUR | 
£45,376 GBP | 
US$71,409 USD | 

(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 490835 
Town Borovets 
Region Kocherinovo 
Province Rila Mountains 
Country Bulgaria  
Type Development
Category Re-Sale  
Listed over 1 year ago
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Purchase this Other in Borovets for

€114p/m

(60% LTV, 7% Interest Rate, 25 years)

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Price of Property in Borovets, Bulgaria

Property Type Min Price Max Price Median Price
(All prices in EUR) Borovets Bulgaria Borovets Bulgaria Borovets Bulgaria
Apartment/Flat 52,930 98 192,000 1,475,500 91,900 76,000
House/Villa 27,000 500 74,000 2,580,000 82,000 26,800
Other 49,541 20,911 56,410 268,708 49,541 61,008

* Calculations based on 18 properties for sale in Borovets and 4168 properties for sale in Bulgaria




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