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Evrika - 18 percent Instant Equity. 15 percent Guaranteed Rental. [ SOLD ]

 Region: Pamporovo Ski Resort

 Price: EUR € 31 000

 Bedrooms: 0

 Property Type: Ski Property

 Development State: Off Plan

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Features: Parking, Terrace / Deck
Amenities: In ski resort, 24 Hour security, Mountain View
Description:
You can now invest in the prestigious new Pamporovo development, Evrika. Studio apartments are available from just €31,000 with completion due in November/December this year.

The development comes with sauna, Jacuzzi and restaurant facilities and is situated in beautiful pine forest just 500m from the ski lifts.


Evrika is currently discounted by €200 to €900 per s/m to offer you instant equity and is by far the best value development in Pamporovo.

Even better the 15% guaranteed rental income is spread over three years at 6%, 5% and 4% respectively, to ensure a guaranteed income from your property.

A new main road to the Greek coast is due to open within the next two years, meaning a 50 mile drive to the Aegean coast.

With Bulgarias pending entry into the EU, we firmly believe that prices in the region will rise to 2000 euros plus within the next 12 months.




The project was officially launched on Monday 23/01/06. Serious enquiries only please, 12 of these apartments have been sold in 72 hours. The development is expected to be sold out in less than fourteen days.

This is an exceptional development with just 48 apartments available.This is definitely an offer you should not miss as it offers the instant equity that everyone hopes for, the fantastic facilities that everyone wants and the guaranteed income that everyone needs.

Due for completion for the start of 2006 ski season the two Evrika apartment buildings make for an extremely attractive investment. With a 15% cash back guarantee in the first 3 years (6% y1, 5% y2, 4% y3) and prices set to rise to more than double the launch offer within 12 months, we firmly believe this is number one in the whole of Bulgaria. Situated s few hundred meters meters from the main lift station these 2 buildings will stand side by side in a tranquil forest setting, close to the very heart of Pamporovo. We believe that this is head and shoulders above other developments, due to its low price, facilities, location and cash back guarantee. Dont forget, a new road is due to open in 2007 to the Greek Aegean coast line which will mean just an 50 mile or so drive down to the Greek sea. Wow! Just look around at the costs of other similar properties in Pamporovo, Bansko and Borovetz and we are sure you will not find anything better.

The development consists of two buildings. Evrika I will contain 25 indivdual apartments, with studios and 1 beds available. There is a fitness center onsite, along with jacuzzi, sauna and massage to help guests wind down after a heavy days ski-ing. Total Area 1999m2. Evrika II will contain 18 apartments, made up of studios, 1 and 2 beds. Total Area 1588m2. Guests in Evrika II will be able to use the health club situated in the adjacent building. A laundry room, underground parking and ski wardrobes are also available for use.
Unlike many other ‘off plan’ developments on the market Evrika already well and truly under construction, as the photographs and downloadable film, taken on 07.12.05, demonstrate. With a lettings and managemnt facility already agreed with one of the regions most reputable tour operators, the 15% cash back is more than likely to be three times that amount in the first three years alone.

The development comes with sauna, Jacuzzi and restaurant facilities and is situated in beautiful pine forest just 500m from the ski lifts.


Evrika is currently discounted by €200 to €900 per s/m to offer you instant equity and is by far the best value development in Pamporovo.


Even better the 15% guaranteed rental income is spread over three years at 6%, 5% and 4% respectively, to ensure a guaranteed income from your property.


A new main road to the Greek coast is due to open within the next two years, meaning a 50 mile drive to the Aegean coast.

With Bulgarias pending entry into the EU, we firmly believe that prices in the region will rise to 2000 euros plus within the next 12 months.


We are the master brokers and as our personal clients you have first option on the development.


The project was officially launched on Monday 23/01/06. From the level of interest already expressed combined with the relatively low number of units (48 only), we expect all these apartments to sell out within the next 21 days. In fact 12 units were reserved in just 72 hours. Availability is changing hourly please call or email for the latest updates.

Availability.

Evrika I.
4 ground floor 1 bed 88.75 sqm €78,075 £53,350
6 first floor 1 bed 70.35 sqm balcony €63,315 £43,245
8 first floor 1 bed 87.7 sqm balcony €78,930 £ 53,940
10 first floor 1 bed 86.75 sqm balcony €78,075 £53,350
11 second floor 1 bed 77.97 sqm balcony €74,072 £50,600
12 second floor 1 bed 70.35 balcony €66,833 £45,680
15 second floor studio 49.68 sqm balcony €47,196 £32,250
17 third floor 1 bed 77.97 sqm balcony €74,072 £50,600
19 third floor 1 bed 68.55 sqm balcony €65,123 £44,520
20 third floor 1 bed 87.7 sqm balcony €83,315 £56,950
23 penthouse 1 bed 94 sqm €89,300 £61,050
25 penthouse 1 bed 82.19 sqm balcony €78,081 £53,370

Evrika II
2 ground floor 1 bed 72.3 sqm €65,070 £44,475
3 ground floor 1 bed 71.4 sqm €64,260 £43,910
4 ground floor 2 bed 92.76 sqm €83,484 £57,050
6 first floor 1 bed 77.83 sqm €70,047 £47,865
7 first floor 1 bed 75.31 sqm balcony €67,779 £46,310
9 second floor 1 bed 62.88 sqm balcony €59,726 £40,815
11 second floor 1 bed 75.31 sqm balcony €71,545 £48,880
12 second floor 2 bed 109.7 sqm balcony €104,215 £71,213
14 third floor 1 bed 77.83 sqm €73,939 £50,525
16 third floor 2 bed 109.7 sqm balcony €104,215 £71,213
17 penthouse 2 bed 105.15 €99,893 £68,250

Access to the resort. The nearest airport is Plovdiv with regular bus services to Pamporovo itself, alternatively all the major hire companies are represented at the airport. Regular charter flights enter the airport and all the low cost carriers are negotiating their air time as we speak. Pamporovo is fully booked at present, as those of you who have tried to fly out there have found out, which shows that Evrika is not being built to stimulate interest but rather to cope with demand.

Guaranteed rental. The figures of 6%, 5% and 4% for the first three years respectively are minimum rental returns. Bookings are already being taken by the management company and any income earned from your property above these figures will be returned to you minus the letting agent commission. There are no costs for the ongoin marketing of your property tob the travel companies or other outlets.

Additional costs. There is a 1-2% notarial fee payable to the Bulgarian government at exchange of contract. The annual maintenance fee is €7 per sq metre which covers maintenance of your apartment as well as the building itself. Individual electric heaters are installed in all apartments. Full furniture packs are available by our sister company from just €3000 and installation is free.

On site facilities. There is ski storage, a restaurant as well as a sauna and jacuzzi in Evrika I which is available to all guests. Ample free parking is also available on site.

The development is moving exceptionally quickly, if you have any further queries please contact us as soon as possible. Remember this is a true investment project in a box. All aspects of the maintenance and marketing of your property are cared for and bookings are already being taken for the project later this year. The introductory discount will give you 20% instant equity and the rate of guaranteed rental is unprecedented in Bulgaria. Full accession in 2007 will also assure immediate capital gains are huge.
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