GUARANTEED RENTAL 4.5% PER ANNUM FOR THE FIRST TWO YEARS!

The complex offers a selection of luxury one, two bedroom and studio apartments in the heart of the premier Bulgarian ski resort of Pamporovo. The complex is situated 5500 feet above sea level for convenient ski-in, ski-out directly to the slopes. The development features:

Concierge

Bar-Restaurant

Spa center with a modern gym, sauna, steam room, jacuzzi

Ski storage

Parking

Enjoy the breathtaking views during winter and summer time. Explore the century-old surrounding pine forests and the nearby mountain lakes.

Overview - It is a four star development consisting of 104 luxury apartments, bar/ restaurant and a spa centre. It has been our vision to create an exquisite residence situated at 1700 meters above sea level, in a very tranquil, yet convenient location, delivered to the highest degree of built quality, whilst trying to minimize the negative impact on the environment. Our design team has worked tirelessly in achieving its particular aim of blending the development with its surroundings by using a wide range of natural materials and minimal de-forestation. In fact, for every tree that has to be removed we intend to plant two new ones within the boundaries of the development.

All properties are within a single ‘U' shaped, split level block. There are three main types of properties - studios, one bedroom apartments and two bedroom apartments. All will be sold fully completed including fixed furniture (kitchen/ bathroom), flooring, electrics, etc. Additional furniture is an optional extra.

Access is via two separate entrances with two stair cores and two lifts. By the main entrance there is a concierge and a spacious meeting area. The restaurant is designed to sit minimum of 80 people at any one time and will also be operating a round the clock room service. In the spa centre there is a sauna, steam room, jacuzzi, gym, showers/lockers and a treatment area. There are also areas designated for ski / snowboard / boots storage.

Externally there are a number of parking spaces, lit paths, benches and a BBQ area.

The development will be operated by a management company which will provide a wide range of services such as 24/7 security, maintenance, laundry / cleaning services, minibus shuttle etc.

Construction programme

• Commenced Construction - June 2007
• Phase 1 - Roof - July 2008
• Phase 1 - Completion - Dec 2008
• Phase 2 - Roof - June 2009
• Phase 2 - Completion - Dec 2009

Facilities

The development is designed to offer all facilities required for an enjoyable break, whether summer or winter.

The residence has two entrances, two stair cores and two lifts. By the main entrance on the ground floor, there is a reception and a spacious meeting area equipped with comfy leather chairs and sofas. The bar and the restaurant are situated on the ground floor. Also on the ground floor, you can find the spa centre where you can relax after a busy day on the slopes. Facilities include sauna, steam room, jacuzzi, gym, showers/lockers and a treatment area. For your ski/snowboard equipment there are also areas designated for personal storage.

Services include:

• 24 hour security
• Concierge
• The restaurant and bar will offer a round the clock room service
• Minibus shuttle service to pick you up or drop you off to the airport of your arrival / departure
• Free manned ski / snowboard / boots storage area
• Free Wi Fi broadband access covering every property
• Cable / Satellite TV
• Laptop hire

Specification - The complex is constructed in accordance with current Bulgarian Building Standards. Due to the local climate and the greater temperature variations than in the UK, Bulgarian Building Regulations tend to be more rigorous than the Building Regs here in particular of noise and thermal insulation.

All apartments are designed and finished to the highest specification. Listed below is a standard specification, all included in the purchase price of your apartment:

Kitchen

• Upper and lower cupboards
• stainless steel single bowl sink and mixing tap
• built-in waste bin
• cupboard with drawers
• stainless steel handles
• Electric appliances
• built-in 2-ring hob
• built-in extractor fan

Bathroom

• Toilet
• Shower cabin and shower
• Wash basin and mixing tap
• Hot water boiler

Flooring

• Kitchen - ceramic tiles
• Entrance hall - laminated flooring
• Living area - carpet
• Bedrooms - carpet
• Bathroom - floor tiles

Other

• UPVC double glazing
• Individually controlled central heating
• Doors, front - wood, internal - MDF
• Fire alarm
• Minicom system
• Electric, water and thermo meter

Payment Structure

Standard Payment:

• 1000 Euro deposit at reservation stage, deductible form the last payment;
• 30% of the purchase price on exchange of contracts up to 28 days later;
• 30% of the purchase price on completion of the roof construction;
• 40% of the purchase price on completion.

Discounted Payment offering 6% discount off the purchase price:

• 1000 Euro deposit at reservation stage deductible from the last payment;
• 90% of the purchase price on exchange of contract up to 28 days later;
• 10% of the purchase price on completion.

Guaranteed rental of 4.5% per annum for the first two years is payable annually in arrears. Investors are required to purchase the appropriate furniture pack for this option.

Maintenance: All property owners are required to make an annual payment depending on the size of the apartment commonly known as a Maintenance Charge.

Maintenance Charge will be calculated at 10 euro per sq m of apartment floor space.

The Maintenance Charge covers: