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 € £ $
ref. no.: A 0000000967

Vihren Palace
BANSKO , BLAGOEVGRAD area
Description: Living groups / Blocks

The complex is situated just on the outskirts of Bansko. The complex is right next to the cabin lift station (Gondola) and only five minutes walk from the town centre itself.
The complex has been divided into two areas – a hotel area: a 4-star hotel and a residential area with apartments. To ensure the comfortable and enjoyable stay of the guests, besides the luxury rooms, in the hotel have been built a bowling and billiards hall, a SPA center, including a swimming pool, saunas and a steam-bath, massage and beauty parlours, a gym and a hairdresser, as well as restaurants, a lobby bar, a night bar, shops, an underground car park, and a ski locker. The combination of the hotel and apartments (Apart-Hotel) has been conceived to be beneficial to the apartment owners and rental clients. The combination provides an alternative choice for people who want access to a wide range of good quality facilities (which could not be maintained by an apartment building alone), with the freedom of not staying in a hotel. The full range of the Hotel’s facilities and services including room and laundry services will be available to occupiers of the apartments (for an annual fee or at a discounted rate).The main power of attraction for investors involves their ability to sign contracts with the hotel in order to sublet the bought apartments at hotel rates. For this purpose will be implemented a special management programme with different variants for rent. Apartments’ owners will have the opportunity to use all services of the 4-star hotel “Vihren Palace” at special rates.
Main Payment scheme:
3000 € reservation fee
-30% – at singing the contract;
-20% - no later then December 2007 (with right of usage)
-50%- no later then 30 October 2008 (transferring the property)
Guarantee Rental income for the first two years up to 90 euro per sq. m.
Estimated Completion: March 2007

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Vihren Palace

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