Saint Ivan Rilski Hotel Spa & Apartments is an all seasons residential and holiday complex, located in one of Bulgaria's most magnificent mountains - Pirin, that surrounds the ancient town of Bansko:

Named after the most honoured Bulgarian Saint – Saint Ivan Rilski, who lived in the area during the 9th century, this miraculous site is situated in close proximity to both the resorts' ski slopes as well as the city's charming centre.
The area offers panoramic views of all three surrounding mountains – Pirin, Rila, Rodopite, as well as the impressive old town of Bansko . Warm and comfortable during winter, with facilities for all kinds of sports and a winter season lasting up to 160 days, Bansko has the advantage of the perfect all seasons resort with mild and pleasant summer time.
St. Ivan Rilski Hotel, Spa & Apartments, which will be opened November 30th, 2006 , is situated on a site of 13,000 sq.m. The complex consists of a 4 Star Hotel, a Spa Centre and 4 edifices with apartments for sale.

Investment opportunity
St. Ivan Rilski offers a strong rental income and excellent return on investment prospects.

Rental Opportunity
St. Ivan Rilski with its world class facilities meets the requirements of the two main markets for rental: tour operators and independent holidaymakers.
The exclusive resort is already attracting the attention of the Europe 's leading tour operators. With over 4 million tourists visiting the country every year, competition is fierce to secure this rare property rental opportunity. St. Ivan Rilski will set a new standard of facilities and accommodation for your operators to offer their clients, to enable them to enjoy an unrivalled holiday experience in this idyllic location.
The developer will join forces with leading management companies and associates to promote the resort via the top travel agencies and operator networks.

Clients purchasing and participating in the rental management scheme will benefit from this immediate rental income.

Specifications
All apartments come with

Features

The complex consists of 4 residential buildings (two 4-storey and two 5-storey)
162 residences – studios and apartments with one and two bedrooms
Average size of the apartments/studios - ranges from 39 to 100 sq.m.
Balconies with breathtaking views of Pirin Mountain

Purchase plan
Depending on whether you are buying a completed, half-completed or an apartment that is still in its initial phase of development (off-plan) the complex offers several different payment options.
In any case, a 1500 EUR deposit is payable two days after you have reserved an apartment, which serves as a guarantee to both buyer and seller. The deposit will be subtracted from the price of the property in case of purchase

Buyer's protection
Reserving the desired apartment gives you a 21-day period that allows you to organize your outlook of the property or to arrange the necessary documents for the signing of the preliminary contract. During this 21-day period the seller cannot sell the property to a third party. In case he does, he is obliged to pay back to the buyer double the amount of the deposit – 3000 EUR.
Buying property in its initial phase of development
30% when signing the initial contract
40% after the construction of the framework and roof
30% after the apartment is completed

Considering the tendency of constant price increases of residential properties, it is highly recommended that you buy your apartment while still off-plan.
Buying a half-completed property
70% of the total property value is payable upon signing the initial contract. The final contract states how and when the remaining 30% will be paid in accordance with the building progress.
Buying a completed property
When purchasing a finished apartment the full amount of the selling price is payable.
No matter whether you're buying a property in its initial phase of development, a half-completed property or a completed property payable are also all fees that are in accordance with the Bulgarian legislation

Maintenance
Maintenance of the common areas:

Completion planned for December 2006

Prices start from £39,056 - €58,345 *

* pricing subject to change please check final pricing.