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An opportunity to invest in an 18-hole Nicklaus Design International Championship golf course [ SOLD ]

 Region: Sofia

 Price: EUR € 28 000

 Bedrooms: 0

 Property Type: Golf Property

 Development State: Developed

 
Features: Garden Amenities: Golf Course, Tennis Court, Shops, Bars & Restaurants, In ski resort, Near mountain, In historic place, In vacation place, In fishing area, In hunting area, On a golf course, 24 Hour security, Gymnasium, Childrens Swimming Pool, Near Ski Resort, In Mountain, Near a Lake, By a Lake, Near Spa Resort, In Spa Resort, In Town, Nightclubs / Casinos, In Village, Childrens Playground, Sauna, Jaccuzi, By a river, Near a river, Mountain View, Near Town, Near Village Description:

We are pleased to have been appointed as an agent for the sale of apartments and villas in Country Golf Club & Spa IBAR – the 1st Nicklaus Design 18-hole golf course in South East Europe. The development will feature around 450 properties: apartment type villas (with studios, 1-, 2-bedroom apartments) and detached and semi-detached villas (2-, 3- and 4-bedroom) located in Dolna Banya , about 18km from Borovets-the 1st Bulgarian ski resort and 70km from the Bulgarian capital Sofia.

Competitive advantages
-All year round Golf&Spa resort with International Championship golf course
-Access to the hot mineral water springs of Dolna Banya
-Easy access to the ski slopes of Borovets (18km away)
-Adjacent to the Airport & Flying school of Dolna Banya
-Quick access to Sofia International Airport (70km away via a highway)
-Property management available through IBAR Developments

General Information
The development offers a great opportunity for a mountain golf getaway, or permanent home in a gated community with 18-holes of golf available when you need it.

Escape and relax. The golf club offers privacy, great mountain views, and access to all the amenities of Golf Club Ibar: Swimming pool(indoor/outdoor); Tennis (outdoor); SPA Center with hot mineral water; 24-Hour Security; Playground; Park; Club House; General Store; Activities; and much more. This private golfing community allows four seasons of country club living.

Nicklaus Design, as a company, has 282 courses open for play in 28 countries and 37 states.

Distance from
Ski resort Borovets – 18km
Sofia International Airport – 70km
Plovdiv International Airport - 80km
Hot mineral water springs of Dolna Banya - 10 minutes drive

Completion Date: Variable depending on the stage. See below.
Property Type: Golf & Ski Apartments and villas
Completion Stage: Launch
Number of Bedrooms: Studios, 1 & 2-Beds, 2-3 bed villas
Size: 20.53 m˛ - 243.5 m˛

Facilities
-Club House
-Hotel
-Spa centre with hot mineral water
-Indoor and outdoor communal swimming pools
-Tennis (outdoor), football, volleyball and basketball fields
-Restaurant
-Pubs
-Spike bar
-Pastry shop
-Member’s room and pro shop
-SPA centre with hot mineral water
-Roman Bath (thermi), Finnish sauna, Turkish bath (Hamam)
Massage Rooms, massage bath, beauty shop, contrast showers, Cleopatra bath
-Playground
-Kid’s club
-Park
-General Store
-Mini market
-Activities: horse, riding, skiing and winter sports, flying school, small airplane and delta plane flying
-Horse riding, off-roading, motorcycling and mountain biking, fishing and hunting, mountaineering and summer and winter mountain sports
-Parking facilities
-24/7 security
Professional garden maintenance and cleaning services

Prices from
Price per square metre from € 840
Studio € 28,000*
1 Bed € 75,000*
2 Bed € 99,000*
Villa € 110,000*
* all prices include VAT

Maintenance Fee
To be confirmed. It will cover professional garden maintenance & cleaning services and will be offered at a reasonable cost within the property management services (most likely - 3 standardized packages, covering the most often requirements of the clients).

Country Club Membership. Membership fee EUR 1 600 per annum per villa/apartment.
It includes the following: maintenance of the infrastructure on the premises of the Club, maintenance of the public gardens, streets, alleys, the cable TV network to each property, external security, free use of the Spa Centre including three baths, swimming pools and sports facilities (tennis courts, football, volleyball and basketball fields). Golf can be played in accordance with the paid services plan. Tee time bookings can be made up to 15 days in advance.

Golf Club Membership. Membership fee EUR 2 000 per annum per villa/apartment covering a family = owner + spouse/husband + children up to the age of 18.
It includes all services of the Country Club membership plus the following additional rights: members of the club and their families play golf for free pursuant to the rules of the Club.
Guests of the members (up to 3 guests) can play golf using a 50% discount on the green fee.
Tee time bookings can be made up to 30 days in advance.
The club members and their families have the right to use the practice facility free of charge as well as the golf club trolleys.
Members are entitled to a 50% discount on the Golf Instructor's fees .
Members are entitled to a 50% discount on the Golf Cart fees.

For the time before the 18 hole golf course is in running order (scheduled for the autumn of 2008), the membership fee will be EUR 600 per annum and will include the property security services and maintenance of the common parts.

The membership fees were approved in December 2005 and are fixed till the end of 2008. Afterwards they will increase once every three years. The increase will not be higher than the inflation rate for the 3-year period.

Payment Options:

Option 1 (For Villas and Apartments)
Reservation fee - € 2,000
1st payment of 10% - upon signing the preliminary contract
2nd payment of 45% - at level zero (ground level)
Last Payment of 45% - with the Habitation License
Option 2 (For Studios)
Reservation fee - € 2,000
1st payment of 50% - upon signing the preliminary contract
Last Payment of 50% - with the Habitation License

Finishing
According to developer’s specifications.

Furnishing
Not included in the price.






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