Development project close to Bansko - ID 3502

We have many reasons to believe that over the next 5 years, the area of Bansko will turn into the best all year-round mountain destination in Bulgaria, mostly due to its strategic location and great resort and leisure infrastructure currently under construction. This includes 3 new ski resorts as well as 9 golf courses in process. Already the region has generated enormous international interest and investment. Ever improving infra-structure, ideal climate, and the adoption of an all-year-round approach have further added to create an exciting momentum and an increase in visitor numbers by 30 percent in 2005/6 alone.

The complex consists of spacious Studio, 1 and 2 Bedroom apartments. It will be built to the highest qualities and specifications including all the facilities that will cover the standards of a 4 star plus apartment complex.

One will be able to enjoy the spectacular views onto the golf course and mountains, whilst enjoying the industries leading leisure facilities, including Spa Centre with indoor/outdoor heated swimming pools, fitness centre, sauna, Jacuzzi, restaurant, bar, 24 hour room service, 24 hour security. As an investor you can be sure that we will place you in the best possible position to maximise your returns.

Corona Resort is situated at the foot of the Pirin Mountains in the Razlog Valley beside the site of an 18 hole golf course and one step away from Europe's most improved ski resort of Bansko.

The entire project sits on approximately 4 500 sq m of land and comprises of a total of 7 995 sq m of built area.

The construction is estimated for completion by the end of 2009.

The development has been designed to be sold as individual units as the company offers for sale the whole build scheme.

SALE OFFER 1: Sale of the Project –  1.1 mln. Euro (VAT optional)

• Technical specifications of the project owed by OPMG:
• Land plot area – 4 500m2
• Land coverage – 30%
• Coefficient of intensity – 1.5
• Number of floors – 5 (13m.)
• Number of Units – 114
• Total Build Up Area – 7 995m2

Underground area - 800 sq.m.

- Indoor /Outdoor Heated Pool

- Poolside bar - Children's Paddle Pool - Spa Facilities and Wellness Centre - Sauna - Steam Room - Jacuzzi - Fitness Centre including aerobic equipment and weights area

- Ski Equipment Storage Facility - Laundry and dry cleaning Area

Ground area - 1300sq.m.

- Apartments with individual private spacious landscaped garden areas

- Shops

- Offices

- Reception Area.

- International cuisine Restaurant Internal/External with open barbecue - Coffee Bar Internal/External

Typical floors (2nd, 3rd, 4th ) - 1350 sq.m.

Features and Facilities:

• Spa Centre
• Indoor /Outdoor Heated Pool
• Poolside bar - Children's Paddle Pool - Spa Facilities and Wellness Centre - Sauna - Steam Room
• Jacuzzi - Fitness Centre including aerobic equipment and weights area
• Ski Equipment Storage Facility - Laundry and dry cleaning Area
• Apartments with individual private spacious landscaped garden areas
• Reception Area
• International cuisine Restaurant Internal/External with open barbecue - Coffee Bar Internal/External
• Shops
• Offices

SALE OFFER 2:

• Construction of the Development and completion of the project with the following apartments’ quality specifications:
• Living room: Flooring - laminated parquet first quality. Walls and ceilings - plaster coating and latex
• Bedrooms: Flooring - parquet first quality. Walls and ceilings - plaster coating and latex. · Kitchen: Flooring - terra-cotta
• Bathroom and toilets: Terra-cotta and faience 2m above the floor and dispersed white coating above the faience, as the bathrooms and the toilets shall be furnished according to the architectural plan.
• Entrance hall: Flooring - terra-cotta. Walls and ceilings - plaster coating and latex. · Balconies - granite, wooden railings, mineral plaster.
• Joinery - PVC.
• Inside & Outside doors - wooden.
• Electric radiators installed in each room.

TOTAL PRICE : € 6.5 mln. ( VAT optional)

Payment plan:

• 5% - Deposit agreement ;
• 25% - preliminary agreement ;
• 30% - Roughly finished ( roof completion ) ;
• 30% - Completion (Ready to Use – Akt 15 ) ;
• 10% - Upon receiving permit for use (Akt 16)

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