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Investment Property » For Sale » Bulgaria » Bulgaria's Best Kept Secret......pamporovo    

Bulgaria's Best Kept Secret......pamporovo


Location

Bulgaria
Pamporovo

Price

£45,000
to £75,000

Delivery date: March 2008
Rental Term: 2 years
Min Rental Return: 8%
Max rental return: 8%
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Property ID: 291421












     
 

 Description

Key selling points

  • Up to 80% mortgages available with completion due by March 2008
  • The only ski-in and ski-out development in Pamprovo
  • All apartments have spectacular and uninterrupted views
  • 8% rental guarantee per annum
  • Properties have risen by 15% on average over past 12 months
  • In-house maintenance and management by Nomorehotels
  • Furnishing packs available
  • Facilities to include: Swim/pool sauna, gym & massage rooms
  • 255 Million Euro expansion project planned

Pamporovo is by far the most prestigious ski resort in Bulgaria, nestled in the heart of the Rhodope Mountains, 1650 metres above sea level. It offers great opportunity for cultural and recreational tourism and benefits from a Mediterranean climate enjoying on average 240 days of sunshine each year, making it the sunniest southern mountain resort in Bulgaria.

Plans to expand Pamporovo into the largest ski and summer resort are under way connecting the local town of Smolyan and the Perelik Mountains by ski lift, trebling its ski tracks in due course. With journey times less than an hour and huge interest from low cost carriers and tour operators, it’s clear why Pamporovo stands out way beyond its competitors.

Prices:

Studio apartments from 45,000 GBP

One Bedroom apartments from 55,000 GBP

Two Bedroom apartments from 75,000 GBP

Typical example of rental return:

Studio apartment @ £45,000 GBP will produce a rental income of £3,600 GBP per annum and mortgage repayments of £1,800.

One bedroom apartment @ £55,000 GBP will produce a rental income of £4,400 GBP per annum and mortgage repayments of £2,200.

Two bedroom apartment @ £71,000 GBP will produce a rental income of £5,680 GBP per annum and mortgage repayments of £2,840.


     
         
         
     

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