Full Description

Izvor Resort is located in Pamporovo in  “Malina” district. It lies on the road to the town of Shiroka Laka and within 250 meters of the stations of two gondola lifts. The site, on which the complex is situated, faces south-east with a magnificent view to the ski runs and Snejanka peak (see Map of the region). Across the plot runs a small stream that represents a part of the project’s park zone. Ideal for holiday letting during both the ski season and summer holidays.

THE COMPLEX:

Izvor Resort will host a wealth of facilities including reception with lobby bar, restaurant, swimming pool, Wellness & Spa Centre to cater for the 74 fully furnished apartments. The resort lies in an incredibly scenic nature reserve which hosts some of Bulgaria’s most beautiful greenery and wildlife. This surrounding offers unrivalled views along with the pine forests and mountains.
Owners and guests can also benefit from the wonderful landscaped gardens with sheltered barbecues and an open-air kindergarden.
All of the apartments will be completely furnished and ready for use by the owners or for renting.

CONSTRUCTION SCHEDULE

Foundations: 1st October 2006
Roof: 31st July 2007
Completion: Late May 2008

MORTGAGES

Mortgages available for the 40% prior to completion of the development with six months pre-approval period

FACILITIES IN THE COMPLEX INCLUDE:

• 24 hours Reception and Concierge
• Lobby Bar
• Bulgarian Restaurant in Traditional Style
• International restaurant
• Conference hall
• Shop
• Laundry
• Baby Sitting for Children during the Season;
• Indoor Heated Swimming Pool & Jacuzzi
• Gym
• Ski and Boot Wardrobe
• Outdoor Children’s playground
• Outdoor Barbeque
• Secure Parking Area
• Private Park Area with a Stream
• Wellness & Spa Centre

WELLNESS AND SPA COMPLEX INCLUDING:

• Reception
• Finnish Wood Sauna
• Aroma Stone Sauna
• Herbal Steam Room
• Cold Plunge Pool
• Cold Shower
• Salt Relax Room with Waterbeds
• 2 Massage Rooms
• The Rental and Management
• On-site management & maintenance service

CREDO CONSULT UNDERTAKES TO PROVIDE THE FOLLOWING:

• Organization of the internal order in the Building and the common parts
• Technical maintenance of the common installations and equipment
• Organizing outside security of the Complex
• Organizing sanitary-hygiene service of the Complex and the common parts of the Building
• Twenty-four-hours reception – meeting, check in and check out of the guests
• Linen and towels change, apartment cleaning and supplies replenish
• Assistance with the payment of the current bills for the development, all of the required tourist fees and tourist insurances

PAYMENT AND REPORTING

The total money flow is calculated for all apartments at Izvor Resort. The amount of all costs made and due for the payment of water, electricity, insurance, resort fee etc. shall be deducted from the total amount.

Payments to apartment owners are executed every three months – our fees and reasonable expenses or liabilities incurred to reinstate the property to a condition appropriate to re-let the premises at its advertised standard are deducted from the amount;

Afterwards the amount corresponding to a particular apartment, which should be forwarded, is calculated respective to the apartment purchase price;

Payments are executed to the owner’s bank account in Bulgaria or abroad;

Management report – detailed report on the occupancy and the money flow shall be issued and sent upon execution of a payment.

SERVICE CHARGES AND RENTAL AND MANAGMENT FEES:

Maintenance fee - 9 EUR/ sq. m. yearly;

Rental success fee - 15 % of the total rental income.