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Ref. Number:	BAN01BG022
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Property description

     Fully furnished apartments with 6% guaranteed rental!

     We present you Kiora Residence Complex, located in the new Bansko's district "Gramadeto" and it's only 4 minutes walk from the cabin lift. Apartments are cozy, located in the fabulous natural environment. The position provides free spaces, wonderful panorama, quietness and peace. The project is developed with the purpose of investments in real estates with quick return in the wonderful resort and ski center - town of Bansko.

     Kiora Residence complex offers a marvelous panoramic view to Pirin mountain and Bansko. The complex extends over a site with an area of 2000 sq.m. The building site has 589.3 sq.m built-up area and 2971 sq.m extended built-up area. The building is orientated towards the mountain, with a broken up floor disposition which is in perfect compliance with the terrain displacement.

     Some of the many reasons that make Kiora Development a fantastic investment opportunity are:

• Good price/rental yield profile -10% - 12% yields are both feasible and achievable by the third year of renting
• Excellent Location - Kiora boasts a very attractive location. Very close to lift stations and ski runs
• Superior Facilities - This includes a full size indoor heated swimming pool
• Growing apartment rental market - there are strong indications of a present and growing customer base seeking to rent apartments
• Low risk of overdevelopment - In an effort to avoid the rampant over construction in some of the Black Sea resorts Bansko's municipal government has restricted future developments in the town

     Development Features for Kiora

• SPA and Wellness Center
• Reception hall
• Storage Room
• Changing Room Ladies
• Changing Room Men
• Medical and Consulting Center
• Relaxtion Area
• Herbal Bath
• Finish Sauna
• Cooling "Shelf" showers
• Shower cabins
• Steam bath
• Turkish Bath
• "Arrabian Nights grotto"
• Walk Therapy basin
• Massage
• Fitness
• Warehouse
• Technical Room
• Ski room
• Elevators
• Parking area

     KIORA Quality Specifications

• For living rooms and bedrooms: floors, laminated parquet, walls and ceilings, ground coat and latex
• For corridors and kitchen niches: floors, terracotta tiles, walls and ceilings, latex
• For bathrooms: floors - terracotta tiles, walls faence, ceiling, wet resistance, plasterboard, the "KNAUF" system
• For terraces: the flooring is granite-grease, the parapets are wooden and the drainage is carried out through draining siphons

     Maintenance:

     Maintenance Services are provided for 11 Euro per sq. m. annually.

• technical maintenance of the common installations, equipment, arrangements or other common parts of the Building, the green areas, the parking lots and yard
• organizing outside security of the Complex
• organizing sanitary-hygiene service of the Complex and the common parts of the Building
• Organizing and management of paid services in the Complex

     Payment schemes

     Plan A - This plan is with mortgage loan.

     This is a fantastic opportunity that allows you to invest in Bulgarian property with minimum capital outlay and nothing more to pay for 4 years. Client is obliged to conclude contract for renting with the developer for two years.

• 1000 Euro reservation fee
• First installment - 40% at signing of preliminary contract (Self-financing)
• until finishing of the development in 2008 - pay nothing
• after completion of the development in 2008 - 7 year mortgage loan for the rest 60 % of the selling price, with fixed annual interest rate of 5.9%

     IMPORTANT! For the first 2 years payments are covered by the guaranteed rental scheme.

     For the next five years you have to pay mortgage payments on your own. You may resign the rental contract for this period but the rental income will not be guaranteed. For the period of rental contract client has the right to use his apartment for two weeks.

     Plan B - 3 % Discount

• 1000 Euro reservation fee
• 25% of the price - At signing the preliminary contract
• 25% of the price - Upon completion of the basement- May 2007
• 25% of the price - Upon completion of the roof - September 2007
• 25% of the price - Upon transferring the Title Deed - October 2008

     Plan C - 5 % Discount

• 1000 Euro reservation fee
• 60% of the price - At signing the preliminary contract
• 40% of the price - Upon transferring the Title Deed - October 2008

     Plan D - 7 % Discount

• 1000 Euro reservation fee
• 90% of the price - At signing the preliminary contract
• 10% of the price - Upon transferring the Title Deed - October 2008

     Distribution
          Availability and prices here

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Useful information HOW TO RESERVE?      You can reserve this property through us by transferring 500 Euro (or 1000 depending on the property) to our bank account. We will immediately pay the sum to the seller and we will take the property off the market. This amount will be deducted from the purchase price of the property when a Preliminary Purchase Agreement is signed with the seller and deposit is paid. HOW TO BUY FROM A DISTANCE Bulgarian Property?      You can now buy property in Bulgaria without having to travel the distance to Bulgaria using our unique service "BUY FROM A DISTANCE!" To find out more, please click here. VIEWING TRIPS:      Bulgarian Property Ltd. can arrange a viewing trip to this Bulgarian property. Please contact us by e-mail or telephone for further arrangements.
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