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Land Development Company
Sofia Ski Resort

1. Location:

Sofia Ski Resort is perfectly placed to combine all the benefits of stylish city living with one of the best ski locations in Bulgaria, situated at the foot of the Vitosha Mountain directly next to the gondola and at the same time just:

      • 12 minutes from Sofia City Centre;
      • 5 minutes from the newest Business Park on the Balkans;
      • 3 minutes from Cinema Complex ARENA - the biggest in Sofia;
      • 15 minutes from Sofia International Airport;
      • 25 minutes from “St. Sofia” Golf Club & Spa, Ravno Pole;
      • 35 minutes from “Air Sofia” Golf Club, Ihtiman;
      • 6 minutes from Studentski Grad (The Students City)

Located in the picturesque mountain resort of Vitosha, Sofia Ski Resort is away from the noise and traffic of the city.

The development offers all amenities of a five star resort while at the same time being only minutes away from the city centre.
Sofia Ski Resort is a luxury, off-plan development with potential for a stable all year round rental income, making it highly attractive to property investors and tourists alike.

2. Building status:

Plot of Land: 30 000 sq. m
Total built area: 53000 sq. m
Project- Phase I :

• Plot of Land: 20 741 sq. m
• Total built area: 16 200 sq. m
• A notarial deed for the land
• Detailed development plan
• Agricultural land turned into regulated land
• Preliminary project
• Building coefficient- 1.2
• Flooring- 5+ground floor
• Roof stage- 15m
• Green area- 50 %
• Building density- 30 % - 50 %
• Visa for the project
• Building permit- 15.03.2007

3. Completion dates:

The Development is apportioned in four parts:

1. Resort - Phase I – Completion September 2008

The North and the East Resort is separated by a small park with facilities- Completion -September 2008

4. Type of the units:

Studios ( one bathroom) , 1-bedroom ( one bathroom) and 2-bedroom apartments ( two bathrooms)
The most of the units have balconies.

5. Size of the units:

Studio : 37.86 - 84.72 sq. m.
1-bedroom : 85.09 -136.17 sq. m.
2-bedroom : 126.06 – 176.4 sq. m.

6. Price range: from 48 650 EUR to 234 612 EUR

7. VAT: 20 % VAT is included

8. Market Analysis of the area:

• The average price per sq. m. in the area of the Ski Lift- Simeonovo is 1 300 EUR per sq.m. with VAT

• The price for the rent of a 1-bedroom apartment during the first year is:

JAN - APR (skiing) ?195 per week or ?30 per night (min 3 nights)
MAY - MID DEC ?175 per week or ?25 per night (min 3 nights)
All prices quoted are for the 1-bedroom apartment. There is a small additional local charge of approximately ? 20 per stay for cleaning and laundry.
More info: www.sunshineinbulgaria.com

9. Payment terms:

Plan I

1. 30% of the purchase price – on signing the Preliminary Contract and payable in 30 days period of time on the booking of the unit

2. 25% of the purchase price payable within the term of 14 (fourteen) days after the completion of the ground floor of the building in which the Apartment is situated, but no later than 30.06.2007.

3. 30% of the purchase price payable within the term of 14 (fourteen) days after the completion of the roof level of the building in which the Apartment is situated, but no later than 01.10.2007.

4. 15% of the purchase price payable within the term of 14 (fourteen) days after the Usage Permit for the appropriate building in which the Apartment is situated has been issued by the competent authorities according to the Bulgarian Territorial Regulation Act, but no later than 30.09.2008.




 Or Plan II ( 5 % discount from the final purchase price )

1. 60% of the purchase price – on signing the Preliminary Contract and payable in 30 days period of time on the booking of the unit

2. 10% of the purchase price payable within the term of 14 (fourteen) days after the completion of the ground floor of the building in which the Apartment is situated, but no later than 30.06.2007.

3. 15% of the purchase price payable within the term of 14 (fourteen) days after the completion of the roof level of the building in which the Apartment is situated, but no later than 01.10.2007.


4. 15% of the purchase price payable within the term of 14 (fourteen) days after the Usage Permit for the appropriate building in which the Apartment is situated has been issued by the competent authorities according to the Bulgarian Territorial Regulation Act, but no later than 30.09.2008.


Plan III ( Financing- providing mortgage credit amounting to 60% of the apartment value )
 

1. 40% of the purchase price – on signing the Preliminary Contract and payable in 30 days period of time on the booking of the unit

2. 15% of the purchase price financing entirely by United Bulgarian Bank at constructing zero elevation (ground floor) of the building in which the Apartment is situated, but no later than 30.06.2007.

3. 30% of the purchase price financing entirely by United Bulgarian Bank at level of rough construction, but no later than 01.10.2007.

4. 15% of the purchase price financing entirely by United Bulgarian Bank after the Usage Permit for the appropriate building in which the Apartment is situated has been issued by the competent authorities according to the Bulgarian Territorial Regulation Act, but no later than 30.09.2008.

The mortgage interest for each installment commences during the building after every payment from the bank to the Developer, i.e. after the completion of the ground floor, after the completion of the roof level and after the Usage Permit

10. Facilities:

SPA and sports center
Leisure center
Ski storage
Dry cleaning and laundry service
Internal and external swimming pool with children’s pool
Shopping center and supermarket
Pharmacy
Beauty salon
Restaurants and Coffee-house
Bar with music and dancing
Children’s playground for the youngest ones
Kindergarten
Conference room
24 hours reception
24 hours security
Underground car parking and additional ground parking

11. Furniture: in addition we offer exclusive luxury furnishing packages from the leading Italian companies “Selamore”, “Senza” and “Versus”
12. About the developer:

Sofia City JSC is a joined stock company, which was founded by two major investors “Kram Complex Group JSC” and “FLD Bulgaria EOOD” with initial capital of two million levs. The corporation was created to combine the resources of the two companies in order to realize big real estate projects.
“Kram Complex Group JSC” is a holding which includes a group of companies specializing in the infrastructure construction. “Kram Complex Group OOD” is one of the leading companies in the area of the infrastructure since its creation in 1990 until nowadays. The company has also completed a great number of projects in the construction of residential buildings. For more info: www.kcg.bg
The main businesses of the companies in the group “FLD Bulgaria EOOD” are the construction & management of buildings and distribution of upscale furniture with brands “Selamore”, “Senza” and “Versus” on the Bulgarian Market.
Previous construction
- Best Western- Hotel Expo ( www.hotelexposofia.com )
- Business Center NPC - Raifeisen Bank
- Business Center- Sofia Airport
- Apartments Complex- Vitosha
- Apartments Complex- Dragalevci

13. Selling points of Sofia Ski Resort:

- Unique Location
- All necessary facilities are locally
- Flexible payment terms
- Mortgages
- High security
- Convenience (the building will be observed through web cams)
- Incentives for clients who purchase more than one units
- Member card for usage of the facilities
- High quality of the buildings
- The Resort will be managed by a well established international company for property and rental management

• The plot is situated in the National Park of Vitosha Mountain and this project is the last one which has received such good building conditions. These allow an optimum use of the plot by offering more facilities as well as an easier property management and maximum occupancy.
• The next projects in this area are only villas. The magnificent view from Sofia Ski Resort will stay constant!!!