ALL SOLD
Snezhanka Hotel
Snezhanka Hotel is an extremely popular and well-known traditional hotel in the heart of Pamporovo. It has been established for over 10 years and plays host to many returning holidaymakers.
To cater for a huge surge in visitor demand over the past few years, and a 30% increase in bookings for the forthcoming high season, the hotel owners are expanding and revamping the hotel by adding 75 four-star apartments.
Property Overseas have negotiated a deal offering apartments at a rate of 950 euros per sq m with a optional guaranteed rental.
The main features of this development are:
• Hotel-maintained apartments for easy cleaning, letting and property management
• The hotel has an excellent occupancy rate with ten year history and substantial repeat business.
• Completion due in August 2007.
• Luxury development combining traditional design with the latest technology.
• Stunning location less than 600 metres from the main shops, restaurants, taverns, and nightclubs.
• A brand new health club with luxury pool, jacuzzi, sauna, gym and spa treatments
• On-site leisure facilities including 10-pin bowling, squash courts, restaurants, bars and shops.
• Regular shuttle bus service to the ski slopes 1.5 miles away.
• Gorgeous views of the Rhodope Mountains, pine forests and ski pistes.
• A new business and conference centre.
• Hotel Snezhanka is an established 3 star hotel already recommended by Thomson’s and Balkan Holidays
Yield
The Snezhanka hotel development comes with the offer of a 3 year guaranteed yield of 5%. The developer and hotel owner will pay this yield. As the apartments are located in an established hotel, it is worth noting that this provides a hassle free way for the apartments to be maintained and rented, a feature often missing in many other Bulgarian apartmentsIncludes air conditioning and fitted kitchen.
We have negotiated a very good deal on furniture packages
We have negotiated the legals as a group of investors to achieve the best price.
We can guide you to the correct people to provide a mortgage for the balance on a self cert basis if required.