Location of the Complex

5 star apartment complex is the first and the latest addition to the internationally acclaimed resort of Borovets, just one hour away from the capital Sofia. This provides a rare opportunity to invest in the exclusive Upper Borovets area. This project is the culmination of 2 years meticulous planning and upon completion will create its own purpose built ski village in the very heart of Borovets extensive ski network. Flanked by picturesque woodland on three sides, the complex takes full advantage of its idyllic setting and the sympathetic design maximizes sunlight and allows all apartments generous south facing balconies opening on the dramatic landscape.

General Information about the Complex

The resort’s network of pistes and lifts are quite literally on the doorstep and apartment owners will enjoy unlimited use of all Semiramida Gardens’ luxury leisure facilities including: modern spa & wellness centre, indoor swimming pool, fitness centre, sauna, Steam Room, Jacuzzi and relaxation room. The five star facilities will be complemented by an international cuisine restaurant, lobby bar, late night bar and nightclub, underground parking and 24 hour security and concierge. Apartment complex comprises of four connected units: one of them is a five-star spa hotel with a restaurant, and the remaining three units are hotel rooms and apartments. The complex will be developed over 21 000 sq. m of land. The combined developed area of the buildings totals 21700 sq. m. The buildings are situated to the back of the plot, which leaves sufficient space to create a courtyard to the south with ample landscaping with alleys, children's corners and tennis courts. All apartments face south, southwest or south east, and all open on a magnificent mountain landscape.

Facilities on the Complex

• Idyllic location set in the heart of Borovets extensive ski network.
• Doorstep access to slopes - Yastrebets 2 and 3 ski runs adjoin the grounds of the complex.
• Bulgaria’s capital Sofia just one hour away.
• Membership to the resorts world class spa & wellness centre is complimentary for owners (individual treatments will incur a local charge).
• State of the art spa & wellness centre (Sauna, Turkish bath, Russian bath, Temperature-contrast pool, Hot-tub, Whirlpool bath, Vichy bath, Pearl tub, Tanning beds, Cosmetics treatment parlor, Physiotherapy section, four medical massage parlors and doctors' offices).
• Indoor heated swimming pool.
• Fitness Centre.
• Generous south facing balconies opening on the dramatic landscape.
• International cuisine restaurant seating 140.
• Elevators in all sections.
• Large ski depot; incorporating the latest technology in ski wardrobes.
• 24 hour security.
• 24 hour Reception and concierge service.
• 24 hour room service.
• Lobby bar with an open fireplace.
• A multifunctional conference room for business/ private parties.
• Children’s play area.
• Outdoor tennis courts.
• Landscaped Garden.

Membership to the resorts world class spa & wellness centre is complimentary for owners. Owners and guests will benefit from an extensive range of treatments including:

• Indoor 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

Completion Date:

• November 2007

Payment Terms

An apartment can be reserved with an initial payment of £700 (€1,000) deductible from the first installment: -
40% - on the signing of the preliminary Contract
60% - on completion

Title Deeds

It is standard procedure to declare the property at an estimated value on the title deeds. For this complex this is 75% of the full value of the apartment. VAT is included in this price. Your closing costs when you sign the title deeds will be 3.5% of the estimated declared value.

Maintenance of the Complex

Maintenance Services are provided for EUR 10 per sq. m. annually.

Rental Opportunity

At the heart of the apartment/hotel concept is the sound rental potential and with its world class facilities, the luxury development meets the requirements of the two main markets for rental, Tour Operators and independent holidaymakers. The complex will function like a hotel and although the ski season is expected to command 75% of the total rental revenue in a 5 month period, accommodation of this kind will also be in demand for walking and sports holidays during the summer months. The owners will be running a full management and rental program to maximise return on investment and will welcome its first guests for the winter season 2007 / 2008.

An exceptional quality investment opportunity in the region is on offer at present. The project "Super Borovets" has been recently approved by the local Municipality, which in conjunction with the major national businesses are investing heavily in to the region. Additional lifts are on the way, 5 start hotels will be built in the area in the next 3 - 5 years. Borovets will remain at the centre of the resort and construction will not be allowed in future, which increases the significance of this project in terms of capital appreciation.

Rocketing property values due to Bulgaria joining the EU in 2007 ensure that this is an exceptional investment in terms of returns.

Local Activities
Plenty of things to do in winter! Skiing is the major attraction of course. You can enjoy horse riding (there is a horse riding school in the resort), country walks. Borovets resort is located at the highest point in the mountains compared to Bansko and Pamporovo, which means that the snow stays longer there than at lower levels!

The resort is extremely popular in summer as well as in winter. It is the closest ski resort to Sofia (capital of Bulgaria) and very popular weekend break destination for Bulgarians who enjoy fishing, walking, cycling, gathering mushrooms. The air is crystal clear throughout the year! It is a national park of Bulgaria, which is a paradise for eco-tourists!

Comparisons of Borovets Ski Resort & its advantages:

• Easy access. The closest ski-resort to Sofia, only 50 minutes drive from the airport.
• Popular place to spend a weekend or summer holiday for people who live in Sofia. You will not be just targeting the foreign rental market, but local as well, although rental will be lower.
• The oldest ski resort
• Limited construction – Borovets ski resort is reservation area and a National Park. It guarantees that it will not be overbuilt like Bansko, which in return means no oversupply of properties in future.
• Major point – serious investment is on the way in Borovets area called “Super-Borovets”, which means improvement in the infrastructure, 5 star hotels in the surrounding area (not Borovets itself). All this will drive the capital appreciation at a very high rate as they are not even near the prices in Bansko
• Low cost airlines are flying to Sofia regular and this trend is on increase, which is good news for holidays makes as well as the investors!

• Region: View All "Borovets Apartments"
• Country: View All "Bulgaria Apartments"
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