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1 bed apartment, TROUT CREEK- Super Borovets- highest mountain- area of outstanding natural beauty

 Region: Borovets Ski Resort

 Price: EUR € 48 900

 Bedrooms: 1

 Property Type: Apartment

 Development State: Off Plan


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Features: Parking
Amenities: Near mountain, In fishing area, Near Ski Resort, In Mountain, Near a Lake, By a Lake, In Village, By a river, Near a river, River View
Description:
Location

Madzhare, Borovets (super Borovets), Bulgaria


Available units

1 bedroom apartment
44m2 - 49m2 from €48,900 to €49,900

Delivery date: Q2 2009
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Description

Key selling points

* Less than 3 mins from the lifts of the €500m+ Super Borovets
* Borovets is Bulgaria's highest mountain at 2925m
* Capital growth 30% + per annum
* Less than an 60 mins from the capital Sofia vs 3 hours to Bansko
* Exceptionally high specification from experienced developer
* Stunning (and protected) mountain, forest and riverside views
* Planning controls in place to avoid Bansko style overbuilding



Investment features

Bulgaria is now a full European Union member
Located in the centre of the €500m Super Borovets plan (commenced 8th October 2007) and will supply over 150km of runs by 2012
Area of huge economic expansion as a result
Borovets soon to compete with the Big Europeans by offering over 150km of skiable runs
Easyjet started flying to Sofia on the 30th October 2007
High-quality furniture packs from €2,750
Fully-fitted kitchens with appliances and Ideal Standard bathrooms
Mortgage finance available up to 70% LTV

Local area

Trout Creek location can only be described as one of outstanding natural beauty. The village of Madzhare is nestled in a mountain valley with the shallow Black Iskar River running through. Frequently compared by buyers to Swiss or French alpine settlements it is hard to believe it is possible to buy investment property in such a quaint and charming location. Especially at this price!

Less than ten minutes away by car is the city of Samokov which is just under an hour from the capital city Sofia and its airport. Close proximity to Sofia guarantees Borovets and the region as a whole has a constant tourist foot-fall from both Sofia's elite and foreigners alike. In summer months, the shores and beaches of nearby Lake Iskar (15 min from Trout Creek) get busy with holiday makers enjoying the water sports, fishing or just escaping the oppressive city heat. In winter, Borovets position as the most northerly ski resort in Bulgaria (apart from Mt. Vitosha in Sofia) also means it tends to have the best snow record.

The quiet road running through the Village will take you to Borovets (approx. 10 minutes by car today) or alternatively you could head in the other direction towards the lesser known slopes of Malyovista, another ski resort which is also about ten minutes away at most.

White peaks surround the Madzhare which is about 2km from Beli Iskar, a village about to become a major focal point of the Super Borovets scheme. Beli Iskar is set to have its own high-speed lift to take snow sports enthusiasts to the top of Bulgaria's highest mountain (2590m) before they come back down what is proposed to be one of Europe's longest ski run at 14km.

Three golf courses have been proposed for the locality which already has the first well under construction in nearby Dolna Banya and is being designed by the Nicklaus Design team, their first golf course in Eastern Europe. Completion for this project is estimated to be around the end of 2008.

Property details

The Trout Creek site is located less than a minute's walk from the centre of the village of Madzhare. This well-proportioned development of just over 20 apartments sits alongside the shallow but fast flowing Black River Iskar which feeds into the mighty Lake Iskar a few kilometres away. Trout Creek is being constructed by a developer who is based in the UK and Bulgaria with experience in working with investors used to European standards and delivering as such.

Trout Creek is actually the third such development to be built in Madzhare by this developer and examples will be available for viewing during the inspection trip Itinerary.

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