About Borovets

Beli Iskar – Borovets area is by far the most picturesque and exclusive ski resort in Bulgaria. All the developments and hotels are set tastefully amongst the forests and areas around the resort itself, so you are never very far from the lifts and ski slopes.
There are ski runs for every level from beginner to advanced, as well as extensive cross country tracks. For those requiring tuition, there is a very reputable and established ski school which operates during the winter season.

The resort also has a growing reputation as a summer destination for both tourists and locals. Activities such as mountain trekking, hunting and fishing are popular in the summer months and the resort is close to some beautiful lakes and forests.

In addition, a new road to Greece is in planning stage which passes close to Borovets. This hightway will connect Bulgaria to the Aegean coast and increase the attraction of the resort as a summer tourist destination. In short, Borovets has a perfect mix of great skiing and ‘après ski’ nightlife whilst still retaining a laid back and relaxed atmosphere.

Facts and Figures

Height of Resort - 1300m

Highest Skiing area - 2550m

Total length of existing slopes - 58km

Length of Cross Country runs - 35km

Longest run - 12km

1 Gondola

3 four seater chair lifts

10 drag liftsNight skiing: 4 slopes from 17.30 hrs to 21.00 hrs

Investment and Development

Massive investment in Borovets has been planned over the next few years and the resort is already undergoing an exciting period of growth with five new ski pistes for this season alone. In addition, five new snow cannons and 28 hydrants have also been added.

A new 500 million Euro project has just been given the green light to expand the current skiing area to the neighbouring peak . The centre of the current resort will be connected by a gondola and this will effectively double the size of the current skiing area.

Future development has now been restricted in the central resort area so there has never been a better time to buy. There are still a few apartments left in this area and these will become prime real estate spots in the very near future.

Competative Prices - Extraordinary Investment

The Development

Situated just 50 meters from the main ski lift of the new Borovets Master Plan, and 70km south of Sofia and the new international airport, White River Borovets has one entrance facing the slopes, so that you can literally ski to your front doorstep.

The development has been designed to offer 5 star hotel facilities, including a reception area, a lobby style bar and an on site manager available 24 hours per day.

With one entrance facing the slopes you can literally ski to your front door step.

All the needs of holidaymakers and skiers are catered for with on site ski storage, shops, medical centre and even bureau de change facilities.

A variety of services will be offered on site including arrangement of ski hire and lift passes, travel and transport and child minding (on site crèche facility).A bus service financed by the Developer will be available 24 hrs per day, too!!

The complex will have an indoor heated swimming pool, fully equipped gym, saunas and spa centre including jacuzzi to relieve any bumps and bruises after a hard day on the slopes.

A traditional restaurant will offer just what is needed during the night in this magnificent scenery which will serve a variety of organic local style cuisines.

There is an outside area leading to a garden which will be well
used in the summer months.

In summary, White River Borovets has everything that is required for the perfect ski development. In a fantastic setting and with a low purchase cost, it is an obvious choice for anyone looking to buy a ski apartment in Bulgaria .

SUMMARY OF FACILITIES

Five star development at off plan prices

Prime location, just 50 meters from the main ski lift

A traditional tavern style restaurant

Modern spa centre (including indoor pool, gym, sauna and jacuzzi)

External Communal Parking

Communal locker room

70km South of Sofia and the new International Airport

Shopping centres 7km away (town)

On-site Bureau de Change

Guaranteed Rental Income of 6% for 2 years

Reception area (24 hours)

Lobby bar

Elevators

24 Hour security porter

THE APARTMENTS

The development consists of a mixture of studios, 1, 2 and 3 bedroom apartments, each with an open plan living and kitchen area.

Most apartments come with a balcony.

Floors

Laminated wood flooring ( living room and bedrooms), Ceramic floor tiling ( bathroom, kitchen and balcony)

Walls

Plaster, latex paint, Spanish wall tiles (bathroom)

Ceiling

Plaster, latex paint

Installations

All apartments have an electricity and water meter installed. The bathroom and kitchens are fully fitted with hot and cold water and ventilation / extractor fans.

Radiators are fitted in each apartment and all standard electrical fittings will be included. All apartments will come fitted with internet access, telephone line and cable TV socket.

MAINTENANCE

All maintenance of common areas is taken care of by way of an obligatory maintenance fee and contract which applies to all apartments. The cost of this is 6 Euros per square meter for each apartment per year.

This fee covers:

Electricity and water bills for the shared parts of the building

Maintenance and cleaning of the shared parts

24 hour security and porter

Maintenance of outside grounds and parking area

MANGEMENT

The optional management scheme is operated by the Developer who has an on-site office… so your apartment will be looked after 24 hours a day.

Services offered include:

Renting the individual apartment to tour operators and directly to holiday makers

Regular cleaning and changing bed sheets and towels etc.

Arranging welcome packs for tenants

Paying utility bills on behalf of owners

Paying local municipality and income tax on owners behalf

RENTAL

The Rental Management team is negotiating inclusion in UK and European Tour Operators brochures, allowing the Developer to offer you an optional 6% rental guarantee over 2 years, with renewable Agreements.

In return for the 6% payment to you, which is guaranteed, your apartment is leased to the Developer for 32 weeks per annum to cover the maximum opportunity to let. Full property management is included in the deal.

6%

Rental Guarantee

BUYING PROCEDURE

The buying procedure is quite simple and straightforward. We make the whole procedure as hassle free as possible.

The procedure is as follows:-

1. Choose an apartment by calling us or checking the availability and details from the information shown on our website (this is updated on a daily basis).Your contact will give you full details of the project.

2. Inform us of your intention to reserve. A reservation fee will be required of 2,000 Euros. Once we receive this, the apartment will be taken off the market and within 7 days you will receive the full contracts. (An apartment can be reserved for 48 hours on a verbal agreement, however a cheque will be required during this period for the apartment to be reserved)

3. Do you want to view the location / area / project and meet with the Developer`s team ?. Once payment has been received, you can inform us about your preferred visiting dates and we will arrange the trip on your behalf.

LEGAL / FUNDING / FURNISHING

SOLICITOR

The developers employ their own solicitors, whom they would recommend, however, you are not obliged to use them and if you are using your own solicitor please advise us at an early stage of all the contact details. Their solicitors are well experienced on the completion of their contracts and are in daily contact with UK, Ireland and other European customers, making your transaction speedy and understandable

FUNDING

The Developers have formed excellent relationships over the years with the Bulgarian banks, and simple transactions are available to establish 70% mortgages over maximum periods at sound interest rates, helping your cash flows in addition to normal appreciation of your asset.

FURNISHING

Although not included in the purchase price, it is a condition of the Rental Guarantee Agreement that you take advantage of the very competitively priced furniture deals we have made with local suppliers, using quality materials and taking all the hassle out of having to shop around yourselves locally.
If you are not taking out the Guarantee, we would be pleased to introduce you to our suppliers to purchase your requirements.

A sound investment, immediate win

It’s been a year in which Bulgaria has become a full EU member, and the positive changes are obvious; upgraded infrastructure with current and future governmental projects financed by the EU, growing economy and resorts that offer the ambiance the top end of the market is looking for … there has never been a better time to buy!

Offering the right product has always been the mission of the Developers, and the way we have grown over the years to be one of the leading property developers of the country. Buying a five star development at off plan prices, can still be the case with White River Borovets, offering instant equity gain.

Deals are in place with selected Tour Operators to include our apartments in their programmes, ensuring that buying an apartment will also generate a fixed income return on top of the capital appreciation.

Very importantly, mortgage packages are available, with 70% LTV easily obtainable through our strong relationships with the Bulgarian banks.

Prime location accompanied by chic facilities and comforts are the essence of this fine project – White River Borovets.