SCB Reviews (currently 3 property reviews)
Each
month we look through our bulgarian property listings and bring you
reviews on the
best value
for money offers in terms of location, investment and
overall appeal.
We hope that a little extra information may help you find your desired holiday rental property or investment purchase.
IBAR Golf & Country Club / Dolna Banya
Sales Review
Fully Furnished Luxury Golf Apartment (Ref: RSL050)
Purchase Price : €45,000 (Reduced By 50% !!)
Bedrooms : 2
Bathrooms : 2
Total Living Space : 86.95 m2
IBAR Country Golf Club and Spa Luxury Apartment
Luxury 2 bedroom 2 bathroom apartment at IBAR Country Golf Club and Spa private gated community at Dolna Banya 45 minutes from Sofia.
Great Investment opportunity or perfect holiday home. Situated in the foothills of the Rila Mountain and just a few miles from Borovets, Bulgaria’s finest ski resort .
The Apartment -
-Ephrosina Apartment Brand New
-86.95 sq metres
This lovely apartment can accommodate six people by way of a master bedroom with double bed and ensuite bathroom, a further bedroom containing two single beds and a sofa bed in the living room. The fully equipped kitchen, including dishwasher and microwave, adjoins the living room which opens up to a sunny balcony. The apartment also includes a second bathroom, TV, DVD, washing machine etc.
-2 bedroom 2 bathroom
-Top floor of 2 - surrounded by the beautiful Rila Mountains.
-Car Park included
-Great Rental Opportunities
The Complex
The apartment is situated in the IBAR Country Golf Club & Spa, one of Bulgaria’s top golf resorts and the first Nicklaus designed golf course. The resort is situated just outside the town of Dolna Banya in the foothills of the Rila Mountain and just a few miles from Borovetz, Bulgaria’s first and finest ski resort. The capital city of Sofia and the second largest city Plovdiv are within easy travelling distance
- Exclusive gated community 24hr securty provided
- 45 minutes drive from the capital city of Bulgaria, Sofia
- The golfclub offers privacy, great mountain views, and access to all the amenities of Golf Club Ibar:
Swimming pool(indoor/outdoor);
Tennis (outdoor);
SPA Center with hot mineral water;
24-Hour Security;
Playground; Park;
Club House;
General Store;
Activities; and much more.
This private golfing community allows four seasons of country club living. These facilties are in the process of being built. There is a clubhouse with drinks and light food available at present.
- Rental opportunities 12 months a year - 9 mths Golf, 3 months Skiing
- Plenty of activities to do all year around - skiing, hiking, fishing, cycling, small airport locally
The Golf
- First Nicklaus design Golf Course in South-Eastern Europe - Country Golf Club & Spa IBAR, Dolna Banya, Sofia Region, Bulgaria
- World class Nicklaus design course
- Short Par 3 Course (6 Holes)
- Driving Range
- 9 Holes will be playable in 2010
Location
- IBAR Country Golf Club Dolna Banya is situated at the foothills of Mount Rila - the highest mountain on the Balkan Peninsula. It is 18 km from Borovets - the first Bulgarian skiing resort founded at the beginning of the 20th century; 70 km from the Bulgarian capital Sofia and 80 km from Plovdiv - the second largest Bulgarian city
- Beautiful views of the Rila Mountains from the apartment
- Situated in the private gated Nicklaus design Championship Golf Course
- Situated on the Eastern side of Borovets, the beautiful town of Dolna Banya is well known as a spa and mineral region.
SCB Summary
The downside to this purchase is that the economic crisis has slowed down the completion of the golf course, but there is no reason why the course will not be completed allowing for capital growth and strong rental yields
We all want a bargain, we all want the location and we all want something that is built and ready to go...... We really cant say much more than this is a tremendous offer which will benefit the new buyer. This is being offered at a rock bottom price due to the financial circumstances of the private seller. For sure the new owner will own a property that is worth double the asking price !!
Medite / Sandanski
Sales & Rental Review
Studio & 1 Bedroom Apartments (Ref: RSL041)
Purchase Price From: €15,000
Bedrooms : 0 Studio - 1 Bedroom
Bathrooms : 1
Total Living Space : Various m2
Short Description:
We are delighted to be able to offer a small selection of apartments for sale in the popular Medite Complex.
If you are looking for spa treatments in bulgaria then this is ideal.
The Medite complex is a highly sought after self contained holiday resort, so the opportunity to purchase resale apartments in this new aparthotel block is a fantastic yet limited investment opportunity.
We have a couple of studios and one bedroom apartments immediately available and prices are available upon application (POA). Prices are will start from €15,000 (euro) but there may be some option for small negotiations for quick buyers.
The building has just received ACT16 (habitation certificate) therefore the apartments are suitable for holidays and rental ventures.
The apartments for sale will come unfurnished, but do have floorings, bathroom, balconies and some with air conditioning.
Sandanski is Bulgaria's premier spa resort town and the surrounding areas are very pretty. The local town has an abundance of shops, restuarants, hotels and general stores. There is a wonderful central park with lakes and rivers. If you like walking the surrounding hills and mountains will provide many hours recreational enjoyment.
The new aparthotel block seen in the images is located immediately next to the existing award winning Medite Hotel. In the hotel you can experience the most wonderful spa treatments. The owners of the apartments in the aparthotel, will be able to receive discounts on spa treatments and other uses of facilities at the hotel complex such as tennis courts, swimming pool.
Below the aparthotel complex is a hairdressers and other shops which have been recently purchased and ready for occupation.
Investors Choice
Rental yields at the complex should be rewarding due to the popularity of the area and complex with Bulgarian, Greek, Russian and English visitors.
Existing property owners are renting between €30 - €60 per night off peak (winter season) and the first summer season (since completion) in 2010 should achieve between €40 - €80 per night.
If you would like to rent an apartment in Sandanski and at this complex before buying why not visit our dedicated rental page for this complex. HERE
Capital growth of the apartments during construction stage have risen over 50% . The future for this town, resort and apartment potential is immense.
Now is the time to purchase one of these excellent apartments at 30% below market values.
SCB Summary
This is a really super option for those who want to just invest or love to take alternative holidays.
The easy access to airports at Thessaloniki in Greece and Sofia makes the travel options very flexible.
Potential buyers of these resale apartments would be benefiting from frsh mountain air, excellent outdoor recreation, spa treatments, good food and wine and also will be able to travel to Bansko (Bulgaria) for ski and Thessaloniki (Greece) for beach vacations.
There really are not to many places in the world where you can sample winter and summer, beach and ski, spa and hiking and many other activities all within relatively easy access.
Sandanski iand these apartments are amazing; the price just tops it all off for a real bargain. Make 2010 the year you purchased a holiday home overseas.
Previous Bulgarian Property Reviews
Svoge / Sofia
Sales Review
Traditional Bulgarian House (Ref: RSL031)
Purchase Price : €18,000
Bedrooms : 3
Bathrooms : 1
Total Living Space : 150 m2
Short Description:
An incredible find by our team !! A 150m2 house in need of renovation but with bags of potential. The property is of concrete and brick construction and comes with a garden which is approx 600m2. The garden has fruit trees and grapes. The property is in an elevated position from the main village road, which is an asphalt road accessible all year round.
The property currently has main living quarter (1st floor) accessed by an external staircase which has an entrance porch, living room, kitchen and dining room. The ground floor has four rooms which could be made into bedrooms, toilet & bathroom(s). There is also a roof/attic which is incomplete but could be used as an extra bedroom/relaxtion area.
It is very rare to find properties with such breahtaking views, so despite the work and effort that needs to be invested into restoring the home, it will be worthwhile when an end product is produced. There is already a few foreign owners in this village and it is very popular as a holiday destination for people who live in Sofia, who also invest in these kinds of villages.
Nearest Airport : 60km(apx.) Sofia
Renovation
The area is very beautiful with many holiday homes owned by bulgarians and foreigners. The area is truely breathaking and is a wonderful investment for someone who has the time and desire to renovate this property to a modern standard.
The renovation would be pretty trouble free with the main tasks of installing a sceptic tank, checking/replacing roof tiles, installing new UPVC windows, new electrics and plumbing, insulation of building, modern bathroom, kitchen and flooring....whilst this may sound a heavy workload with the right team to manage the build and cost out the project the new lucky owner will find that the costs can be kept very reasonable. The eventual value of the property will increase through renovation but of course the prices for modern properties with glorious views usually demand a premium asking price.
SCB Summary
Location, Location, Location....Isn't that what we are all told to look for when buying property abroad ? Well this surely is a great location. Easy transit to Sofia by car, bus or train - under 50 minutes is a perfect commuting distance.
The local village has your immediate amenities available in the small stores. Another larger village is 2km down the tarmac road which also has larger supermarkets should you require something in particular. 15km away is the town of Svoge, which has banks, supermarkets, hair salons, cafes, DIY stores, builders yards...almost everything you need to save a trip to Sofia.
We think this is a great opportunity and recommend viewing this area. If the property is not quite right for you, then there will be other properties but not necessarily at the same asking price.
Early viewing is highly recommened.....Dont say we didn;t advise you :-)
Elenite / Sunny Beach
Sales Review
Penthouse Apartment (Ref: RSL020)
Purchase Price : €125,000
Bedrooms : 2
Bathrooms : 1
Total Living Space : 90.63 m2
Short Description:
The Messambria Fort complex has been established for three years and is a popular destination for holiday makers, meaning the rental prospects are good. The fully furnished 2 bedroom penthouse apartment (4th Floor) offers wonderful views over the Black Sea and one of the on site swimming pools. The apartment is 90.63m2 built space and is realistically priced therefore early viewing is highly recommended. Buyers may benefit from a small discount from the vendor for an early decision.
Nearest Airport : 35km(apx.)Burgas - Elenite
Complex Facilties :
The apartment is a short walk to the private beach available to owners of properties in the complex. The complex itself has facilities to keep adults and children entertained such as two pools, a restaurant and a bar. A short walk away other amenities are available in the area. You can also travel to Robinson Bay, Sunny Beach, St Vlas, Nessebar and Ravda. All of these resorts have countless bars, restaurants, tourist attractions.
SCB Summary
Penthouse apartments are usually the most desirable properties when it comes to resales. The fact you are on the top floor ensures you have the best views and of course no noisy neighbours stomping on floors above you !!
This complex is perfectly situated for family holidays at the beach so if you are looking for a sound investment then you wont go far wrong with this purchase. If you dont want to take the short walk to the beach then the onsite facilites will be more than sufficient to ensure your lazy day's are well catered for.
The penthouse is of
course finished and furnished which means
you can start using it for your holidays or immediately promote it on
the rental markets to earn a passive income.
It is always better to be able to view a property first hand and of course be able to " touch it, feel it "....which means you know what you are getting for your money. These days more people opt for "Off Plan" purchases but often run into trouble when build schedules are delayed....Therefore prime property such as this penthouse will always be an intriguing and suitable option for potential buyers who know what they want and need.
Elenite itself is a new modern resort with nice beaches, hotels, bars and restaurants. It is quiter than some of its neighbouring resorts like St Vlas and Sunny Beach but this is often a better choice for long term investment growth and happiness of the property owners. It is very eay to catch a bus down the road to the busier resorts if you want more life and a party atmosphere.
So why not come and see the penthouse for yourselves ?
