Semiramida Gardens, Borovets

Country

Bulgaria

Area

Sofia district

Region

Samokov

Town

Borovets

Jet2Let have been very pleased with investor reaction to the 178 apartment Semiramida Garden development. Being just 100m from the Yastrebetz ski run and with the integrated Borovets Hills Hotel with all facilities it sets the standard for all others.

The building is now complete with Act 16 having been issued.

Just one hour away from the capital Sofia and one hour and fifteen minutes from Sofia airport this development provides a rare opportunity to invest in the exclusive Upper Borovets area, and to benefit from €566 million inward investment project. The new lifts will come up to within 300m of the development and therefore rental demand will be high. We believe the development sets the standard for design, facilities and year round rentability.

Flanked by picturesque woodland on three sides, Semiramida Garden 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. It is due for completion early January 2008. The Borovets Hills hotel is now open.

The resort's network of pistes and lifts are very close and apartment owners have use of 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.

With the capital Sofia just an hour away, this truly 'ski-in', 'ski-out' complex is both the perfect setting for a holiday retreat and an attractive investment opportunity.

Location

Just 3 hours from the UK, Bulgaria has one of Europe's fastest growing economies and a thriving property market as a result of a booming reputation amongst UK and international tourist industries. This unrivalled expansion is set to continue when Bulgaria joins the EU in 2007, along with a high level of secured international investment in a stable political environment. Bulgarian property offers attractive rental returns. Visitors to Bulgaria from the UK have doubled every year since 2002 and a staggering 1.2 million British tourists are expected to choose Bulgaria as their destination for a genuinely awe-inspiring summer or winter holiday in 2007.

Borovets

The Borovets resort complex is the oldest and most developed mountain resort in Bulgaria, dating back to the 19th century when it was only known to an exclusive few. Once a hunting ground for Bulgarian Kings, Borovets is now internationally renowned.

Set amidst the majestic forest-clad Rila Mountains, at the foot of Moussala Peak, the tallest peak on the Balkan Peninsula standing at 2925m. Borovets boasts a variety of skiing to suit all levels and an impressive assortment of bars and restaurants.

The distance between Sofia and Borovets is just 65 km, a one-hour drive along a picturesque canyon above the river Iskar.

Skiing

Borovets is an alpine type resort and provides excellent opportunities for a whole range of winter sports. The resort has twice hosted World Cup Alpine skiing rounds. It is also famous for its world-class biathlon track.

Ski runs of various difficulty provide opportunities for the full range of skill levels. The slopes and runs are maintained in perfect condition and are designed with international markings and multilingual signs. The resort provides a ski school with highly trained English speaking instructors, as well as state of the art ski and snowboard equipment rentals.

Summer activities

Borovets is a wonderful summer destination. It enjoys clean and fresh air, serene centuries-old pine forests, green meadows sprinkled with fragrant flowers and herbs, blue lakes and majestic snow-capped peaks. For nature-lovers the resort is a favorite vacation spot and is the starting point of many hiking routes in the Rila Mountains.

Resort Details:

Nearest Airport of Arrival:               Sofia / 65km
Transfer time:                                  1 hour
Height of Resort:                             1323m
Highest Ski Point:                           2560m
Marked Ski Runs:                              52km
Planned New Ski Runs:                100km
Planned New Ski Runs:                100km
Longest Run:                                       6km
Direction of slopes:                          North
Cross Country Trails:                      18km

Facilities

With Sofia just one hour away, this truly 'ski-in', 'ski-out' complex is both the perfect setting for a holiday retreat and an attractive investment opportunity.

Notable features include:

• 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.
• Adjoining 5 star hotel the Yastrebets mean you have high class neighbours.
• 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.
• Lifts in all sections.
• Large ski depot.
• 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.
• Garages available to purchase

Spa & Wellness Centre


 

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 rooms
• Doctors' Offices
  

Finishing

All apartments will be delivered finished internally to a high standard to include LUXURY FITTED BATHROOMS. Kitchen and furniture pack options supplied from developer. Apartment sizes include balconies.

Maintenance Services are provided for EUR 10 per sq. m. annually. These cover maintenance of the building, incl. electricity and water systems and roof, cleaning public areas, gardening, payrolls of staff.

Construction

• Load bearing construction - reinforced concrete skeleton, anti-earthquake
• Inside staircases - reinforced concrete construction
• Roof - combination between reinforced concrete and wooden roof structure
• Outside walls - 25cm thick brick masonry
• Inside walls between the separate apartments - 25cm thick brick masonry
• Inside walls within apartments - two layers of sheetrock on a metal construction of heat and noise mineral wadding insulation between the two or a brick wall of 12 cm
  


Foundation and basement

• Hydro insulation - Italian, Greek or German roll insulation, two layers of protection type Aquafin IC or Waterblock placed over a concrete base guaranteed for up to 7 bars, with hydro insulating membrane
• Heat insulation - Austrian EXP - 4 cm
• Drainage - On surface draw aside of rain waters by a networks according to the project, drainage system around the buildings if necessary according to the architect
  


Roofing

• Heat insulation - EPS with reinforced cement coat on it for flat roofs and or hard Danish mineral wadding for the other roofs
• Vapour barrier and hydro insulation
• Coverage - concrete or ceramic roof-tiles
  


Facade works

• Heat insulation - Austrian XPS/ EPS - 5 cm
• Silicate stucco
• Traditional wood ornamental railings on the balconies
• Coating with rough tile-stone - traditional for the town of Borovets
• Partial wooden covering, according to a standard design
  


Architectural finishing works

• Internal staircases and landings - mosaic or terracotta tiles or granite tiles
• Garden alleys - paving stone
• Greenyard - fencing with low fence and planting according to landscape design
  


Completion of the apartments

• Entrance door - metal with case key lock
• Inside doors - interior MDF
• Windows frames - PVC - double glass
• Living rooms, bed rooms and corridors: floor - laminated parquet and/or tiles and/or moquette; walls - latex painting
• Balconies - covered with granite tiles
• Bathrooms and toilets: fully completed with terracotta tiles and wall tiles, sinks, toilet equipment, shower cabins, fittings, accessories, water protected lights
• Electro installations - electricity meters, electricity panels; cables for high and low voltage electricity (telephone, TV, ring bells and speakerphone installations) and other switches plugs and sockets
• Water installations - all water pipe lines; water meters for the apartment; in the kitchen with no fittings; in the bathroom with fittings
• Heating installation - fixed apartments distribution boxes, pipelines and Aluminum radiators inclusive for the bathroom and the toilet according to the technical project
• Ventilation - ventilators in the bathroom and toilets
  


Installations

• Heating - fully constructed piping, import aluminum radiators, central heating installation for heating and hot water with naphtha boiler installed and separate measurement devices for each of the apartments
• Internal water mains and sewerage - water main connections - polypropylene, heat insulation of pipes, draining system - PVC pipes, water-heating boiler installed
• Electric mains - internal heavy current installation, switchboards, imported components (switches, plugs, sockets)
• Video observation for the main entrances of the building
• Stand-by electric lighting in case of interrupted electric supply
• Telephone installation - cabling according to design
• Cable TV - cabling according to design. No equipment
• Internet - cabling according to design
• Lightning protection - according to design
• Vertical transportation - elevator equipment (Schindler OTIS or THYSSENKRUPP)
 Payment Plan

WE CHARGE NO COMMISSION ON THIS Property

Prices quoted direct from the developer and include VAT based on the local tax evaluation

    50% within 21 days of signing
    50% two months later

1000 Euros or £700 reservation fee. Fee deducted from initial payment.

This building has now received the “Habitation Licence” Act 16. Please contact Jet2Let Property for a copy of the certificate.

Please call us for a discount on professional snagging, completion and surveying services.

The luxury Hotel, Borovets Hills Hotel, part of Semiramida Garden is now open and is the largest and best equipped Spa and Wellness Centres in Borovets.

Annual Maintenance Charge - 9 euros per m2 (excluding VAT)

Investment

As one of Europe's fastest growing economies with a stable political environment Bulgaria is set to join the EU in 2007, making now the perfect time to invest in the Semiramida Garden.


With its highly specified luxury properties in some of Europe's most naturally magnificent scenery, Semiramida Garden makes for a package with unrivalled investor credentials.

Strong case for investment

• This provides a rare opportunity to invest in the exclusive Upper Borovets area, ahead of the 300-400M Euro inward investment project, Super Borovets Project
• Strategic location with doorstep access to Borovets extensive ski network
• The capital Sofia just one hour away
• Substantial capital gain is expected due to its premium location
• Extended build-time and deposit scheme designed to attract investors
• With construction starting prior to accession of Bulgaria to the European Union and completion due in November 2007, the capital growth is secured
• Proven quality of construction from developer
  


Rental Opportunity

At the heart of the Semiramida Garden 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.