NWPL BULGARIA      

Gated complex, 1500 m above sea level, 1 min. from the pistes.

ALL INCLUSIVE. NO COMMISSION. JUST 1 MIN. FROM PISTES. FULLY FURNISHED AND FITTED APARTMENTS READY FOR LETTING.

We are delighted to present Rila Park - our newest luxury gated development in Borovets. This is one of our best current investment opportunities.
Located high in the Rila Mountains some 1500 meters above sea level, the development is situated in an old pine forest that surrounds the whole complex, near the Rila National Park.

The complex consists of 2 apartment blocks designed to the highest possible standard of finishing and includes amenities comparable to a 4 star luxury hotel. It is located just 100 meters from the pistes of Yasterbets skiing area (1 minute walk or less than a minute skiing).

Its location and proximity to the ski pistes high in the mountain and the amenities available to visitors makes Rila Park a unique complex not only for investment purposes but also for the owner occupier and lover of mountain leisure activities.

Completion Date: October 2007.

Rila Park and its neighbour, the Semiramida Gardens complex are surrounded by a common perimeter forming a bigger complex and incorporating the following leisure facilities:
Full restaurant serving local and international meals.
Spa centre.
Saunas.
Jacuzzi.
Massage.
Gymnasium.
Ski and snowboard rental centre and equipment storage.
Reception desk and lobby area.
Landscaped Garden.

Facilities in the neghbouring Semiramida Garden
Indoor heated swimming pool.
Sauna.
Turkish Bath.
Russian Bath.
Temperature-contrast pool.
Hot Tub.
Whirlpool Bath.
Vichy Bath.
Pearl Tub.
Tanning Beds.
Cosmetics Parlor with wide range of health and beauty treatments (individual treatments subject to local charge).
Physiotherapy Section.
Fitness Centre.
Four medical massage parlors.
Doctors\’ Offices.
International cuisine restaurant seating 140.
Lobby bar.
A multifunctional conference room for business/ private parties.
Childrens play area.
Outdoor tennis courts.
Landscaped Garden.

All these facilities can be used by owners and guests of Rila Park and Semiramida on payment of a small charge.

Rila Park is being developed by one of the most respected local property development companies (details of the company are available on request) with a long history in the area.
They have been developing quality properties, residential blocks, office and retail properties including this type of luxury gated holiday complex since 1992.
The company has vast experience and their professionally organised construction teams will ensure the highest quality of workmanship and finish to the development.

Rila Park is designed to be a high specification luxury gated complex and no compromise will be made to the quality, design or the materials used.

Rila Park Specifications (part):
Quality front door with card entry.
Quality internal wooden doors.
Solid walls, smooth plastered and painted in contemporary colours with designer interiors.
Completely furnished and fitted apartments including everything required for a successful letting.
Fully fitted kitchens with the following household appliances: firdge/freezer; cooking plates; oven, coffee/tea making facilities; microwave.
Laminated floorings of the highest quality in bedrooms and living rooms.
Italian terracotta and Fayence tiles supplied in shower/baths/WCs.
Fully fitted bathrooms with accessories from Ideal Standard.

The Rila Park complex is 3.9 km from the centre of Borovets ski resort - the oldest and most popular of the Bulgarian ski resorts.
The complex is easy to reach being on a well maintained tarmac road that is clear throughout the whole year.
Rila Park and the neighbouring Semiramida Gardens are situated in the middle of a pine forest that completely covers this very high part of the Rila Mountains.
The neighbouring areas are all part of the Rila National Park and can never be built on or developed which offers all buyers at the development a long term guarantee against the area, and the whole ski resort of Borovets ever being overbuilt.

In future there will be fewer and fewer available apartments anywhere as close to the pistes as this complex, and we thoroughly recommend an investment here as we only foresee property prices rising in Borovets due to the increasingly short supply of holiday properties/apartments in the future.

MANAGEMENT & LETTING. ALL YEAR ROUND OCCUPANCY. HIGH RENTAL RETURNS.
Rila Park has been designed with attention to even the smallest detail and the complex is deliberately planned for all year round occupancy.
Contracts with more than 100 local and 80 international tour operators have been signed for Rila Park and there is already a high demand for super luxury accommodation in Borovets and Rila Park has already benefited from this.
The complex is 100 % rented already for the ski season of 2008-2009 (subject to owners wishing to rent).
The potential for such types of activity is huge and the complex will be constantly occupied not only during the active ski season but also during the summer months.
Our initial research indicates that apartment owners will receive net rental income of a minimum 7% during the first year of operation, which we expect to grow consistently year on year as the complex gains more popularity in Bulgaria and abroad.

All apartment owners will be obligated to pay an annual maintenance charge of 8 Euros/per sq.m. to cover the cots of upkeep and maintenance of the communal areas and the garden. Please note that the maintenance charge for the first year is included in the purchase price.

RESERVATION
Any apartment at Rila Park can be reserved immediately for 28 days with a non-refundable deposit of 3000 Euros (Credit card payment possible).
The buyer must sign the preliminary contract with the developer and pay the first instalment within 28 days after the reservation.

PAYMENT PLAN
Deposit: 3000 Euros non-refundable holding deposit when reserving your property, will hold the property for a maximum of 28 days.
1st instalment: 40 % of the purchase price, less 3000 Euros deposit, within 28 days of reservation.
2nd instalment: 40 % of the purchase price on 1 March 2007.
3rd instalment: 20 % of the purchase price on exchange of title deeds, around 1 Oct 2007.

GENERAL CONDITIONS
No company is needed to own an apartment at Rila Park.
There is no need for the buyer to visit Bulgaria in order to sign preliminary contracts or to aquire the ownership with title deeds.
All apartments are offered for sale fully furnished and fitted, ready for letting.
Notary fees, stamp duty and other ownership transferring costs will be from 2000 to 3500 Euros depending on the apartment size and must be paid by the buyer.

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