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Ref. Number:	BOR01BG008
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Property description

      Welcome to the first Nicklaus design Golf Course in South-Eastern Europe - Country Golf Club and Spa IBAR!


     Golf Club Ibar is a spacious, luxurious vacation place at the foothills of Rila Mountain, just few miles away from one of the finest skiing resorts in Bulgaria - Borovetz. Good touring base for the capital city of Sofia and the second biggest city Plovdiv. Golf Club Ibar offers a great opportunity for a mountain golf getaway, or permanent home in a gated community with 18-hole golf course.


     Ibar Country Golf Club is:

• Private Country Golf Club and Spa
• Members only and their guests
• Eighteen-hole golf course by Nicklaus Design
• Practice facility with six short Par 3 holes and short 9 game area
• Club House and Restaurant, Whisky Bar, Pastry Shop, Members' Room and Pro Shop
• Spa Centre with outdoor and indoor mineral water swimming pools, Roman Bath (thermi), Finnish Sauna, Turkish Bath (Hamam), private massage parlours, massage baths, beauty shop, contrast showers, Cleopatra Bath, personal changing rooms and other modern spa facilities
• Children's swimming pool, children's recreation room
• Tennis courts, football, volleyball and basketball fields
• Small club hotel of 20 rooms and 10 suites for the members and their guests
• The houses will offer stunning views of Rila Mountain and Sredna Gora Mountain
• Mini Market
• Catering facilities
• Nursery
• Professional garden maintenance and cleaning services
• Property Management and Maintenance

      Golf Club Ibar Dolna Bania will be fully operational in 2008

     Climate

• Temperate, four seasons, mild Mediterranean influence
• Suitable for treatment of asthmatic conditions, no temperature anomalies
• Summer: 25-35C
• Winter: -5-5C
• 13 month season (9-10 month golf season and 3-4 month skiing season)

     Medical Services

     The Club will have a doctor's surgery. Best clinics in Sofia, i.e. the Government Hospital, Saint Anna Hospital, Military Medical Academy - all a fifty-minute drive, will be contracted to suite the needs of the Members and their guests.

     Sport Activities available in the neighborhood of the Club

• skiing and winter sports
• flying school and small airplane flying
• horse riding
• off-road, quad and motocross
• fishing and hunting
• mountaineering and summer and winter mountain sports
• delta - plane flying

      Types of membership and membership fees

     Country Club Membership. Membership fee EUR 1 600 per annum.

     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.

• 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.

     Membership fees

     Defining the amount of the fee

     The amount of the membership fee is reviewed once every three years and adjusted according to the accumulated inflation rate in Bulgaria for that three-year period. The present membership fee was defined on December 31st 2005 and will be reviewed on December 31st 2008.

     The membership fee for the respective year is payable by February 28th of the same year. The delay in payment will result in temporary restrictions of the club rights. The club rights are restored once all due payments are made.

     The membership fee becomes payable at the moment of transfer of the property rights and is proportional to the remaining period of time of the respective calendar year.

     The type of membership may be changed by the respective member only for the period January 1st - January 30th. During the calendar year a change of the type of membership is not allowed.

     The membership rules may be modified and supplemented as the project progresses and upon suggestions from the club members.

      The Club - Internal Rules and Regulations of Ibar Country Golf Club and Spa

• Members of Ibar Country Golf Club and Spa are the owners of properties located within the boundaries of the Club as well as their family members
• Members are entitled to use the golf course facilities pursuant to the membership terms
• Members have the right to invite guests to the Club House and together to use all available facilities and services pursuant to the membership terms. They are obliged to register their guests at the Club Administration Desk
• The Club Hotel may be used only by members of the Club and their guests
• Members are obliged to maintain their properties to a Club adequate standard
• Members have the right to rent out their properties directly or through the Club. Tenants have the status of guests to the owners if invited by the owners and if visiting the Club on the owners' invitation. In this case the respective member is responsible for the tenants' actions during their stay on the premises of the Club. If the owners (club members) have signed a Property Management Agreement with the Club then the Club is responsible for the tenants' actions on the premises of the Club
• The Club provides external security of the whole compound as well as of the common parts around the properties included in the annual membership fee. Inside security alarms in the separate properties are an additional cost
• No weapons are allowed on the premises of the Club neither any security guards nor other means of protection (even if the personal security guards are unarmed) in order to avoid any inconvenience that might be caused to the other members and their guests
• Farming and stock breeding is strictly prohibited on the premises of the Club
• The speed limit for all vehicles on the premises of the Club is 30 km./h
• From 13:00 to 17:00 and after 21:00 no excessive noise is allowed on the premises of the Club without the explicit consent of the neighbours and Golf Club Ibar's management

     Property Management Packages:

• Checking package
• Cleaning package
• Garden Maintenance package
• Key holding service
• Swimming pool maintenance package
• Security package
• Transportation package

      Villas:

     Villas – 150 to 300 sq.m. build up area with the adjacent land of 800 to 2 000 sq.m.

Villa Anna	Villa Christina	Villa Maria
Villa Iskra	Villa Irina	Villa Nina
Villa Radina	Villa Nevena	Villa Ephrosina

     Optional

• Garage – 16 000 Euro
• Car Port – 12 000 Euro
• Pool rectangular – 31 000 Euro
• Pool kidney-shaped - 31 000 Euro
• Jacuzzi Capri - 16 000 Euro
• Jacuzzi Maxxus - 21 000 Euro
• Jacuzzi Spa 680 – 14 000 Euro
• Mineral water installation - 2 500 Euro
• Stone cladding for villa Christina - 6 000 Euro

     Pricing

• All prices are VAT included

     Payment Terms

• Reservation fee – 2 000 Euro
• Reservation option – 30 days
• The fee is discountable from the first installment agreed, upon signing of the contract

     Payment Plan for Villas and Apartments:

• 10 % - upon signing the contract
• 45 % - at level zero (ground level)
• 45 % - with the Habitation License

     Payment Plan for Studios:

• 50 % - upon signing the contract
• 50 % - with the Habitation License

     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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