The town of Sandanski has become the SPA capital of Bulgaria. No matter how Sandanski has changed throughout the centuries, the heart of the place, the mineral water that is in the centre Sandanski’s seal, always defined its character. Long before of spa tourism became a concept du jour in Bulgaria, Sandanski was a well-developed balneology centre.
    

 

The development is a private 4-star residential complex situated in internationally known Spa & Hydrotherapy resort attracting upper-market tourists and generating year round tourism. It has a guaranteed 10 year rental income and is located within the grounds of a 5-Star Spa, Ski, Sea, Golf & Wellness International Hotel. The 57 1 -, 2 - and 3-bedroom suits are distributed in 10 Greek Style Houses. The top-quality homes ranging from 63 to 120 sqm come with full kitchen equipment and full set of 4 star furniture included in the price. All owners and guests will benefit from free access to the main facilities of the hotel, including pool and gym and will receive a discount for SPA treatments.

 

Only 57 homes to be released on the guaranteed rental programme.

 

Rental income is guaranteed and capital appreciation will also be strong as the Area of Sandanski is growing in popularity with International clients and Greek clients coming across the border for shopping expedition.

 

Apartment owners will have the option of leasing their apartments back into the hotel.

The apartments represent an excellent investment from one of the largest hotel groups in Bulgaria. Remember, Sandanski has year round tourists and hotel occupancy is 75% on average.

Realistic rental potential for the apartments will be EUR 8,500 (£5,500) for a 2-bedroom apartment and EUR 7,500 (£5,200) for a 1-bedroom apartment.

 

 

Distance from:

Sofia Airport – 156km
Thessaloniki Airport /Greece/ - 166km

Ski center Bansko – 87km

Rupite- 15km

Kavala /Agean coast of Greece/ - 120km

 

Completion Date: December 2007
Property Type:  Spa & Wellness Apartments
Completion Stage: Completed

Number of Bedrooms: 1, 2 and 3-Beds
Size:  61.18 m² - 124 m²

 

 

Why should I invest in Sandanski

• Sandanski (the best place for treatment of bronchial asthma in Europe, famous with its 80 hot mineral water springs) is located some 20 km from the Greek border
• Sandanski is frequently visited by Bulgarian, Greek, Macedonian, Bulgarian tourists valuing the healing powers of the hot mineral water springs
• The statistics of the Bulgarian State Agency for Tourism states that from the 5.1 mln. foreign tourists in 2006 the majority are from the countries neighbouring Bulgaria namely: Serbia and Montenegro – 614 374 tourists; Greece with 606 195 tourists; Germany - 528 321 tourists; United Kingdom – 420 138 tourists; Russia – 215 828 tourists, Sweden – 102 602 tourists
• Few supermarkets including Billa and an outlet of Kaufland to open their doors to visitors in 2007/2008
• Combine this with the facts that the prices in Bulgaria are significantly lower than the ones in Greece and you can understand its all year round potential
• More tourists from Finland, Estonia, the UK, Ireland and Russia to visit the resort in 2008-2009
• All year round tourism not linked to weather conditions (good snow coverage, long summer, etc) and of the presence of offices of major international companies
• It is a fact that the main stream of tourists visiting Sandanski is from Bulgaria, Greece, Macedonia and Serbia. They all use the international road - E79 and the national railways crossing Sandanski and linking Thessaloniki with Sofia
• The warmest weather in Bulgaria - temperatures above 18 degrees Celsius from March to October)
• The balneology & cultural tourism were heavily promoted by the Bulgarian State Agency of Tourism and the Bulgarian Union of Spa and Balneology on the World Travel Market London in November 2007
• The properties which Rockarch Estates offers in this regions come with 5.25% 10 year rental guarantees (10+10 years) net of all expenses incl maintenance fees and base theirs guarantees on the facts that existing hotels are backing or developing the new properties
• Therefore once they are completed they will be managed properly by a hotel company achieving 80% occupancy rates per year Competitive Advantages

 

Competitive Advantages

 

 

Apartment owners will have the option of leasing their apartments back into the hotel. The lease is on offer for a 10-year term unique in Bulgaria today. Owners will receive a minimum guaranteed net annual rent of EUR 5,100 (£3,500) for 2-bedroom apartment and EUR 4,200 (£3,000) for 1-bedroom apartment. Incremental rental income will be available for higher occupancy levels. A 7% net rental yield is anticipated to be achieved by the complex following the 1st year of operation.

 

The apartments represent an excellent investment from one of the largest hotel groups in Bulgaria. Remember, Sandanski has year round tourists and hotel occupancy is 75% on average.

Realistic rental potential for the apartments will be EUR 8,500 (£5,500) for a 2-bedroom apartment and EUR 7,500 (£5,200) for a 1-bedroom apartment.

Guaranteed minimum NET income start date: January 2008 (paid in two equal payments: 1^st in July 2008, 2^nd in December 2008/January 2009).