Development Summary - Luxor, Bansko

About The Development

'Luxor Bansko' is a new luxury apartment complex built by a respected 5 star hotel chain, located less than 100 metres from the main ski lift in Bansko. Knowing that there are many developers building in Bansko it is important to find something unique. With a location and qualities like these we can see instantly that this development will be in high demand.

Many developers are producing properties in Bansko with no or little facilities. 'Luxor Bansko' will lead the way in this area offering buyers a resort with a wealth of facilities including indoor swimming pool, wellness centre with saunas, steam rooms, snow rooms, restaurants, bars, piano club, casino, shops, tennis court, ice rink, indoor squash court and underground parking to name but a few

Development Investment Points

Only 20% deposit required on signing of preliminary contract. Usually 30% - 40% is required at this stage.
Fully Integrated On-site Rental Management Office and Online Rental Banking System.
Assignable Contracts – Sell at any time with no capital gains tax liability.
Completion is December 2007. This gives the investor 3 Years of capital growth with little money down.
Resale Program – The Investor can resell the property at any point during construction giving him/her returns of above 100% on initial investment.
Remarkable Location – Less than 100 meters from the main ski lift, 'Luxor Bansko' will be a 'sell out' project.
5 Star Hotel Chain – The development will be the admiration of Bansko and envy of others. Quality does not come any more superior.
Fully Furnished Apartments ensures an immediate discount of 10% - 15% for all our clients.
Summer & Winter activities provided by the resort mean 'Luxor Bansko' also caters f or those who cannot ski!
Brand New Release – Investors can cherry pick the best units.

There are a number of reasons why Bansko is in such high demand. These are:

Well Established Infrastructure of ski lifts, pistes, restaurants, bars, hotels and resort facilities.
Proximity to Sofia means holiday makers only have a 2 hour drive to the resort.
The Number 1 Tour Operator for Bulgaria in the UK, 'Balkan Holidays', has invested over €20 Million in the ski lift systems and infrastructure.
Extensive Marketing Campaign which will keep Bansko the number one ski resort in Bulgaria .
All Year Round Rental Season offering skiing in the winter, mountaineering, trekking and water sports in the spring and summer.
Planned Airport and Golf Course within the next 18 months.

Bansko is currently experiencing a tourist boom. The major tour operators have reported sales quadrupling this season and are keen to take on new properties. We are working with Balkan Holiday Rentals', Bulgaria 's largest rental management company.

Rental Expectations

The rental prices are based on the proximity to the ski lift, facilities, size of development, quality of property and views. It is evident from the figures that 'Luxor Bansko' will be far more superior to any other development in Bansko, subsequently it shall offer holiday makers and tourists a completely different level of accommodation than other developments in the area. After comparing the current accommodation we estimate rental prices to be around £425 a week Hi Season and £250 a week low season. This is a conservative estimate bearing in mind rentals in 2007 will be much higher than at present.

Specifications:

Facilities

25 Meter Indoor Heated Swimming Pool
Restaurant, Bars, Casino, Shops, Ice Rink
Lobby Bar & Piano Bar
Wellness Centre, Sauna, Jacuzzi, Turkish Baths, Relaxation Area
Ski Storage, Green Areas and Landscaped Gardens
Commercial Area with Salon
Tennis Court & Indoor Squash Court
Underground Parking & 24 Hour Security

Featured Bulgaria Properties

Bulgaria Off plan property

Bulgaria Developments