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Apollon Holiday Village >
Location: Pamporovo - Bulgaria
Property Reference: PA53-AZU2ZYY
Price: £19,000
The Brief:
ClubMeadow is a premium real estate development located in the ski resort of Pamporovo; one of the most popular ski destinations in Europe. The development consists of 13 two storey, three bedroom chalets, 40 studio apartments, 28 one bedroom apartments and 2 VIP penthouse suites, all fully furnished to 5 star standard and designed to provide the maximum in relaxation and pleasure.
The Property in Brief:
• Fully equipped holiday resort development • All leisure/relaxation facilities and amenities on-site • High quality construction to EU standards • Telephone, wireless internet and satellite TV in all units • All units fully furnished to five star quality • Free transportation to the ski runs every 30 mins
The Property in more Detail:
ClubMeadow is not just a property development; it is a world-class holiday resort set amidst some of Europe's finest ski-slopes; in a destination rapidly growing into one of Europe's most popular with skiers. The luxury will strike residents when they walk in the front door into the cosy lobby with roaring log fire. Among other facilities and amenities the resort has a luxury SPA centre with a beauty parlour, hydro-jet shower, massage centre, gymnasium, sauna, steam bath and swimming pool.
As you'd expect from a world class resort; residents can make the most of their break by taking advantage of the wide range of on-site services including: Bicycle rental, breakfast and dinner, catering to private parties, child care, group trips to places of interest and sightseeing. There is also a wide range of services for resident's convenience including: laundry and ironing, room cleaning, room service.
The Opportunity in Brief
• Entry level investment opportunity • Excellent mid-long term investment • Expected 15-20% growth on completion • 8% net rental yields, to grow yearly
The Opportunity in more Detail
Despite Bulgaria's negative press of late it has performed relatively well, certainly no worse than any other country. Several house price indexes for 2008 showed that Bulgaria property prices grew in the first three quarters of 2008, when growth stopped as it did everywhere else in the world around about the same time. Everyone investing now is doing so to make mid-long term gains, and Bulgaria's prices are still so low that growth in the mid-long term is practically impossible.
These are 5 star luxury properties at an affordable price in an upcoming ski resort, so holidays will be great and rental yields impressive while owners wait for the inevitable mid-long term gains. A studio apartment in Pamporovo is let to holiday makers for £227-£364 per week. The lowest at ten weeks occupancy is over a 10% gross yield. In reality at least 15-20 weeks occupancy should easily be achieved if properly marketed, upping the rental yield considerably.
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Please Note: All property information is submitted to this website by Azure Overseas acting as agent for the developer or sub-agent in some cases as well as private sellers and is true at the time of submission.
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