Rockarch Estates are pleased to have been appointed as an agent for the Pre-Launch Sale of apartments in Pirinea Residence Hotel Spa. Spread over 5 floors, Pirinea offers a collection of 147 superb studios, one and two bedroom apartments within a location uniquely placed to offer all year round activities including un-crowded on and off-piste skiing, glorious sightseeing and extensive spa and wellbeing facilities. All properties benefit from lift access and connect directly to the underground car park. Set in over 10,000 square metres of prime alpine serenity Pirinea Residence Hotel&Spa hosts more facilities than any other in the region. The low density development offers a level of exclusivity not seen in Bulgaria before. Created by some of the most renowned and respected UK home builders, Pirinea is an ideal address for the investor and holiday home owners alike.

To find out more about Pirinea Residence Hotel Spa please visit the following detailed web-sites: www.pirinea-rockarch.co.uk and also the Russian version – www.pirinea.ru

General Information
Situated in a beautiful, elevated location at Banya, and overlooking the town of Bansko, Pirinea offers a collection of 147 superb designer apartments with bright, spacious interiors and unspoilt views from as little as £48.276

This prestigious managed development has been created alongside an exclusive 4 star spa hotel and is conveniently positioned within just 5 minutes of the main lifts of the extensive skiing area of Bansko.

Pirinea offers a choice of studios, and one & two bedroom apartments within a location uniquely placed to offer all year round activities including un-crowded on and off-piste skiing, glorious sightseeing and extensive spa and wellbeing facilities.

As well as all the attractions of an extensive skiing season, Banya is renowned for its superb all-year round spas and mineral waters.

Set in over 10,000 square metres of prime alpine serenity Pirinea Hotel Spa and Residence hosts more facilities than any other in the region. This low density development offers a level of exclusivity not seen in Bulgaria before. Created by some of the most renowned and respected UK home builders, Pirinea is an ideal address for the investor and holiday home owner alike.

 
Enjoy investing
Pirinea is special in so many ways, offering an unrivalled range of ‘lifestyle services’ to help you gain the fullest enjoyment from living or investing in one of Bulgaria’s most desirable locations.

Imaginative interior layouts offer the highest levels of specification and have been inspired by the world’s leading names in fashion and style. Adding to the many lifestyle services that create this world class resort, Pirinea offers the widest range of facilities in the entire region, all under one roof - and all within outstanding, luxurious surroundings.

As a resident of Pirinea you'll be able to dine in any of its four restaurants, from an informal meal at the roof top café to fine dining in the main restaurant. You'll also be able to enjoy drinks at one of the three bars or unwind in the internationally recognized Thalgo spa centre.

Part of the exclusivity is a truly first class Spa created by Thalgo, the world renowned spa and thalassotherapy specialists. Thalgo, a industry leader, can be found  in some of the leading hotels and leisure centres across the globe. In all, Pirinea offers a level of refinement and innovation which, we believe, provides a great lifestyle and a unique investment opportunity.

The Location
Banya
Your door to the outdoors

The village of Banya lies north of Bansko, 5 minutes by car, and home to some of Europe's best skiing and outdoor leisure activities.

Banya is quickly becoming the choice for the savvy investor. Preferential prices and an uncrowded and serene environment, puts Banya as the best emerging resort within this exciting new tourist area.

The village is rich in mineral waters of temperatures ranging between 37 and 57 degrees Celsius that are used for spa and recreational purposes. The proximity of Banya to the ski facilities of Bansko, its mineral waters and relatively under-exploited tourist potential makes Pirinea a especially good opportunity for investors and second homeowners alike.

With over €15 million of investment coming into Banya over the forthcoming years, from some of the world's most highly regarded property funds, Banya is most certainly going to enjoy large capital growth over the next few years. Funds such as Equest and Deutsche Bank have already invested heavily in the area and plans for a new golf course are taking place.

Distance from
Sofia International Airport – 145km
Bansko – 6km
Razlog – 6km
7 min drive from main ski lift
The highest point – panoramic view of Bansko
Golf course Pirin Golf & Country Club  – 6km

Completion Date: 4 quarter 2009
Property Type: Ski Apartments
Completion Stage: Pre-launch
Number of Bedrooms: 147 Studios, 1, 2 Bed apartments
Size: 46.62 m² - 140.22 m²
 

Facilities

• Ski& Snowboard
• Complementary shuttle service to and from the ski lift
• Ski and Snowboard Repair
• Ski Golf Storage Room

Health&Beauty

• Internationally renowned  Thalgo Spa Centre – the first in Bulgaria
• 2 swimming pools (indoors and outdoors)
• Full time trained life guards 
• Gym with full time personal trainers 
• Sauna
• Steam room
• Hammam 
• Relaxation room
• Thalgo therapy
• Massage treatment
• Full time dietitian and beauty therapist
• Hairdressers

Entertainment

• Bowling alley and Bar
• Games rooms
• Shopping arcade
• Snooker Bar
• Table tennis room
• Cards room
• Night club over 2 floors
• Mehana with stage
• Cinema

Bars&Restaurants

• 4 International restaurants
• Panorama café (penthouse floor)
• Lobby Bar
• Pool Bar and Café 
• Crèche for children 
• Trained supervisors
• Children’s play area
• 24h Child minder service
• 24h Hotel service
• 24h Concierge service
• 24h Security service
• Landscaped gardens
• WFI Internet and cable TV

Business Facilities

• Conference hall (for up to 50 people)
• Wireless internet
• Amenities
• Selection of boutique shops including groceries 
• Hotel Living
• Complete Hotel Living

A perfect combination of hotel living for both resident and guest.
Pirinea offers owners the rare opportunity to reside in their own property while making use of the services on offer by the adjoining world class hotel.

Services such as room service and laundry, use of the dedicated concierge service are all available for your use. This really is hotel living at its best.
Investors will be delighted to learn that the developers have arranged a superb rental opportunity, allowing owners to rent their property through the hotel. This unique pool scheme will enable the investor to maximize rental returns. Unlike residential rentals investors can naturally expect a substantially higher nightly income and a consistent occupancy rate. 
Please see Rental Page for further information.

Services
A more relaxed way to travel
We are keen for all of our owners or guests to take advantage of the world class skiing located only 5 minutes drive away. As part of the service we offer a shuttle service which will run to and from the main gondola station in Bansko every 30 minutes throughout the day. In the summer months, you can take advantage of the neighbouring Ian Woosnam designed 18 hole golf course, again using our complimentary shuttle service all season.
Transfers are available for residents, or your guests, with prior notice through our Bespoke Concierge Service, and there is also a taxi service for your exclusive use.

For extended sightseeing trips there is a hotel car rental service, and, for shorter exploration, bike hire and taxi hire. For the more adventurous visitor take advantage of our ATV off road hire - all available on site. Another service that makes Pirinea the leading development of its kind.

Pirinea’s world class services allow our owners and guests more time to relax. One of the many comprehensive services on offer is our Creche and nursery service. Run and managed by trained professionals, this service allows you more time on the ski slopes, playing golf or relaxing at the spa.

Pirinea’s commitment to ensuring fun and safety for all the family continues as all our swimming pools are managed by professional lifeguards. We are keen for all our owners and guests to take advantage of the fine dining on offer that’s why Pirinea offers a child minder service throughout the night.

For your comfort, laundry and pressing is readily available for you and your guests. For anyone looking to take advantage of the world class ski slopes nearby, our ski workshop will be happy to assist with any ski or snowboard issues.

Property Management

Service & Management

• 10 year commitment to management
• Tempo professional property managers
• Separate staff building on site
• 100% commitment to service
• Unique rental scheme
• 24 hour concierge service
• Daily cleaning and servicing
• Fresh towels and laundry daily
• Secure underground car park (137 spaces)
• Room service from any restaurant
• Complimentary shuttle service to and from ski lift / gold course
• Car hire
• ATV hire and tours with staff

Rental
A superior holiday or investment proposition

Expected average annual occupancy
Around 41% (for the first 2 years).

Prognostic average rates per unit per night

• Studio (2 people)
• One Bedroom (acc. 2 people)
• Large One Bedroom (acc. 4 people)
• Two Bedroom unit (acc. 4 people)
• Large Two Bedroom Unit (acc. 6 people)

Further to its commitment to service and management, Tempo is offering a unique opportunity, inviting owners to rent their properties out through the adjoining hotel. For a reasonable fee Tempo will add your apartment to the 70 bedroom hotel, allowing you, the investor, to create a steady flow of tenants. This way your guests will receive the same high level of service that they will receive in a hotel room, including room service, daily cleaning and use of the facility complete, including the Thalgo Spa centre.

Pirinea offers high design and construction values, guaranteed on-site maintenance and an investment which is yours to enjoy personally, rent out to private clients, friends or family, or to take advantage of the unique rental service on offer from the resort hotel.

Investment
A superior holiday or investment proposition

Rental Statistics
Real Estate Market Index
Rentals

Visitor Statistics
International Arrivals 000's
Bulgaria

Pirinea offers the investor an exciting opportunity to buy a residential unit within a full scale hotel development. The advantages are clear, unlike pure residential developments Pirinea will benefit from substantially higher levels of occupancy and at higher prices due to the facilities and accommodation on offer. The result is a higher rental income for you, the investor.

At Pirinea, rentals are all year round, unlike many neighboring resorts, rentals are reliant on season. Pirinea will receive naturally high rental income in the ski season but offers a unique opportunity to receive equal occupancy in the summer months. With gold equidistance to skiing and world class spa facilities within the development, Pirinea really is a all year round resort.

When the developer began assessing the possibility of building Pirinea, two key considerations were made. What will create the best income stream for owners, and where will receive the best capital appreciation?
It was clear that investing in hotels are a safe way to secure good rental income. Additionally Banya shows fantastic promise of capital appreciation, comparably with neighboring resorts. The location offers the best of all three resorts.

All Year Round Investment
Banya is quickly becoming the choice for the investor. Preferential prices and uncrowned, serene environment puts Banya as the best opportunity within this exciting new tourist area. Unlike neighboring Bansko and Razlog, Banya is not reliant on either the winter or summer season for rental occupancy. Forming a equilateral triangle Banya benefits from both skiing and golf with the added benefit of all year round spa facilities. With more facilities on site Pirinea offers a superb opportunity to invest in a all year round resort.

Continuous Growth
Much of the land surrounding Pirinea has been secured ensuring continuous growth within the area; a new golf course in Banya is planned and over €15 billion investment into the area is planned for the next few years. Many of the world’s leading property funds have recently acquired land in Banya, Equest and Deutschebank have both already made solid commitments with land purchasing in the area.

Pirinea offers a unique positioning at the highest point ensuring those investors buying for the outstanding views will be able to enjoy them without any interruption from neighboring developments. Set on a massive 10,000 square meter site and containing only 147 apartments, Pirinea is also one of the lowest density developments of its kind.

With firm restrictions of further construction works within this area, Pirinea offers a highly exclusive opportunity to buy in possibly, the best location, in one of the fastest emerging markets in the world.

Tempo Assurance
Combining world class home builders with experienced management and tour operator Tempo, your investment is in good hands. Tempo are offering a practical, low risk rental scheme to all new owners. Unlike many rental schemes offered in today’s buoyant market, Tempo will be working with some of the largest tour operators in Europe to ensure Pirinea receives high occupancy rates throughout the year.

Additionally, with so many facilities on offer for the summer months Tempo are highly confident that all year round rentals are most certainly achievable, again, adding further value to your investment.

Tempo
At the heart of Pirinea is Tempo.
A superior lifestyle service caring for your property, your guests and your investment.

At the heart of your address is Tempo a specialist management company who are available to oversee the smooth running of the development. Managing everything from security to general maintenance, Tempo will look after your apartment whilst you are away should you choose not to take advantage of the hotel rental scheme.

Carefree Service
If you wish, you can choose to have your apartment fully serviced having laundry, breakfast and valet services supplied through the complex – leaving you, or your guests nothing to worry about.

Tempo is responsible for security and comfort of existing residents and is also able to provide a welcome for your pre-arranged guests or renters. They are available to book your transfers and car hire along with matters concerning the running and maintenance of your apartment. Pirinea creates a development with all the care and attention to detail that you would expect in any premier world class development.

Solid Commitment to Management
Pirinea will be fully managed on a ten year contract by Tempo, who will also be the owners of the hotel and will undertake the rental of your apartment and management of the entire complex.  Unlike any other management contract, this solid commitment to quality service is something every savvy investor will want to take advantage of.

Optimizing the rental potential – and your personal enjoyment of your apartment, Tempo's management team will look after all the exterior features of the development including walkways, lighting and gardens – as well as repairs and maintenance preserving the value and quality of your property investment for the future.