Pamporovo
Bulgaria

PROPERTY: SOLOMONIA

USEFUL INFORMATION: The village of Stoikite is located in the central part of Southern Bulgaria into the heart of Rhodopa Mountain, 85 km. away from the second biggest Bulgarian city – Plovdiv and 230 km. away from the capital Sofia, both cities supplied with airports. It is settled on 1300 – 1600 m. altitude, as it lays only 5 km. away from the most popular ski-resort in Bulgaria – Pamporovo. Scattered among 5 different hamlets and has preserved the authenticity of a real Rhodopean village and the Bulgarian national traditions and culture, the village of Stoykite attracts thousands of tourists and offers wonderful opportunities for rest and recreation in the atmosphere of the long past times. In the village one can see one of the most interesting Rhodopean churches – “St. St. Peter and Pavel”. From the yard of the church St. Nedelya you have a breathtaking view of the landscape looking toward Turlata Peak. Such a marvellous view can rarely be found anywhere else in the Rhrodopes. Above the village is the natural site called "Chernoka" where a group of 300+ year old Black pine trees can be seen.
The region offers excellent conditions for ski-tourism and recreation, as well as hunting, fishing and rural tourism. Being only 85 km. away from the Aegean Sea it is under its significant meteorological influence, with a skiing season from mid-December to mid-April. Average air temperature during January, the coldest month of the year, is minus 3o C, while the negative ionisation of the crystal clear air is both a major longevity factor and a bulwark against winter colds.
The conditions for skiing will be significantly improved in the next couple of years, as there is the major ‘Perelik’ project, amounting to more than 500 million EUR, foreseeing construction of new 29.8 km. of ski tracks with all their facilities, additional to the present 18 km, as well as constructing a new airport. For the hunters the region offers a hunting reserve, located only 30 km away from the village, and of course there are the famous 11 Smolyan lakes as well as the numerous Rhodopean rivers for the fishermen.

PROPERTY DETAILS:
• Residential Building 1 – 31 apartments (56m2 to 90m2) and underground garages with 15 parking lots;
• Residential Building 2 – 19 apartments (45m2 to 76m2) and 16 studios (33m2 to 39m2), restaurant, recreation centre (including a gym, massages, solarium, jacuzzi and sauna), shops, lobby-bar, ski wardrobe and other service premises;
• Residential Building 3 – 8 apartments (56m2 to 127m2) and underground garage with 7 parking lots.

FACILITIES:
• 500 m away from the ski-lifts;
• 5 km away from the most popular ski resort “PAMPOROVO”;
• 50 km away (1h by car) from the Aegean Sea;
• An hour and a half from the international airport of Plovdiv;
• Beautiful mountain scenery;
• Located in a quiet area, ideal for families, very relaxing, other new villas nearby;
• Maintenance agreement to ensure high standards;
• Open car-park with 36 parking lots;
• Underground garages with 22 parking lots;
• Benefit from all year round letting opportunities;
• Restaurant;
• Recreation Centre – Gym, Massages, Solarium, Jacuzzi, Sauna.

Finishing:
Solid steel-concrete constructions, with exterior and interior brick walls. Exterior insulation – expanded 8 sm thick polystirol BAUMIT, including exterior mineral coating.
Internal walls covered with lime coatings, “KNAUF”, plastering and latex painting. Service premises with faience and terracotta facing, waterproof suspended ceilings “AMF” system. Exterior windows and showcases frameworks – “SALAMANDER”, german PVC profile. Internal doors – “KRAFT MASTERS”. Floorings – terracotta, granite-grease tiles and laminated floors.
All requirements for fire safety and protection (including arrester and ground installations) as well as for provision of unconstrained access for people with disabilities are complied.

Completion Date: December 2008
Annual Management Fee – 7 EUR/m2.
Annual Management fee – 7 EUR/m2 , VAT excl.
MANAGEMENT
When transferring the accession upon a property, both parties shall negotiate conditions for subscribing management service (including security and maintenance) for the public parts of the complex. The agreement is available upon request.
Annual fee of 7 /seven/ EUR per m2, VAT excl., of each owned apartment, where the following discounts shall apply:
• 10 % discount per apartment per year – 3 years’ advance payment;
• 20 % discount per apartment per year – 5 years’ advance payment.
Management service includes the following:
• Organising the internal order of the buildings and running the complex’s common facilities;
• Offering all kind of assistance to the owners to ensure their serene and undisturbed use of their respective homes and the complex as a whole;
• Technical maintenance of the common installations and equipment and of the building common parts, the sports and recreation centre, the ski-wardrobe, the lobby bar, the restaurant, the green areas, the parking lots and the yard;
• 24 h security of the complex;
Providing of good sanitary and hygienic conditions for the complex and the common parts of the building.

Payment Plan:

• Reservation fee – 200 GBP;
• 20 % /Twenty per cent/ from the stipulated price when the Preliminary Agreement is signed;
• 20 % /Twenty per cent/ from the stipulated price after completion of the third slab, in 15 /Fifteen/ days term after notifying the Buyer;
• 30 % /Thirty per cent/ from the stipulated price after completion of the roof construction, in 15 /Fifteen/ days term after notifying the Buyer;
• 20 % /Twenty per cent/ from the stipulated price, in 15 /Fifteen/ days term after transferring the accession;
• 10 % /Ten per cent/ from the stipulated price when transferring at the Notary.