EXCLUSIVE SKI & SPA RESORT situated about 800 m away from the centre of Borovets



Rila is the mountain with pure-clean lakes, where the springs of some of the deepest and longest rivers in Bulgaria are. There, at the foot of Moussala peak (2925 m) - the highest one on the Balkan Peninsula, huddles Borovets resort. Its name comes from the Bulgarian word “bor”, which stands for pine tree - old aged pine woods cover the place. Borovets was established in 1896.

Borovets is the biggest and oldest mountain resort in Bulgaria, situated at 1300 m. above sea level. It is also a modern all year round resort, with luxurious hotels, restaurants that offer international and traditional Bulgarian cuisine, bars where worldfamous Bulgarian wines can be tasted, night clubs and discos. Settled 73 km away from the capital of Bulgaria - Sofia, and 126 km away from Plovdiv - the second largest city in the country, Borovets is easily accessible and it is a preferred place for holidays, tourism and sports. The climate is moderate and mild and winter is very snowy. The average temperature in January (the coldest month of the year) is about 4.8 C. The ski season usually spans from mid-December till April.

The resort provides excellent conditions for winter sports; there’s a range of ski runs with various length and difficulty, suitable not only for skiing, but also for snowboarding, ski jumping, biathlon, night skiing. The marked ski runs for alpine skiing have a total length of 58 km, the ski running ones - 35 km and are 6m wide. They are projected according to the requirements of the World Ski Federation. New ski runs and facilities are under construction. The resort hosted twice World Cup Skiing rounds and the biathlon track is one of the best in the world. Visitors who do not ski can enjoy organized trips to picturesque spots on the Rila Mountain like the Seven Rila Lakes, the famous Rila Monastery, Moussala peak, etc. They may also go riding or fishing, or visit King Ferdinand’s Residence in Borovets.

The Super Borovets project is going to be implemented in the next few years. The resort is expected to be developed as a holiday village with modern infrastructure, offering a rich variety of services, sports, and entertainments. Thus, Borovets will become the largest winter resort on the Balkans.



EXCLUSIVE Ski & Spa Resort apartment hotel will be situated about 800 m away from the centre of Borovets resort, in close proximity to the main road Sofia-Samokov-Borovets-Kostenetz-Plovdiv. A new inceptive chair-lift station and a cabin lift intersticial station will be built close to the hotel.

Еxclusive Ski & Spa Resort covers all standards and conditions of a 4-star hotel and meets the antiseismic and fire-precaution regulations.



Exclusive Ski & Spa Resort’s features:

Porter services

Safe-deposit box

Underground parking

Lift

SPA centre, including indoor heated swimming pool, fitness, sauna, steam bath

Ski storage

Restaurant and lobby bar

Shops

Green areas

Laundry and ironing



The building

The area of the lot on which the residence will be built is 9 002 sq m, and the total developed area of the building is 19 164 sq m.



Exclusive will be provided with:

External insulation that keeps living quarters cozy and accumulates the heat

A balcony for each apartment

Interception walls made of bricks and/or insulating gypsum-board, mineral

wadding

Roof covered with tiles

Stone facing on the facade

PVC millwork



Underground floor

Underground parking

Lobby bar

SPA centre

Conference and games hall

Tavern



Ground floor

Lobby with a reception desk

Day bar

Restaurant

Shops

Ski storage

65 parking lots



First, second, third, fourth, fifth and mansard floor.

Apartments and housekeeper’s offices



Тhe project consists of 214 apartments, all exposed to South and West, of various types:

Studios: about 40 м2

Two-room apartments - 62 - 102 м2

Maisonettes



All the apartments will be finished with high-quality materials:

Terracotta in bathrooms and kitchens, granite-grease in the common chambers

Bath-tub and sanitary ware with the necessary equipment

Internal walls covered with gypsum plasterboards



Future owners will be offered a furnishing opportunity including everything necessary for the apartment to be ready for use or to be rented

Bedroom - beds, wardrobe, bedside tables, night lamps, bedding and blankets, curtains

Kitchen - ceramic hot-plate, microwave oven, refrigerator, dining table, chairs,

and kitchenware

Living room - sofa and armchairs, TV set, TV table, curtains

Corridor - coat rack, wardrobe, mirror



All apartments will be equipped with:

Aluminum radiators

Security alarm system

IP telephone connection

Hign speed internet access

Cable TV

Fire-alarm system



RESERVATION AND PAYMENT PLAN

An apartment can be reserved with a reservatiion fee of EUR 1000 which is valid for 10-day term. On signing the preliminary agreement the reservation fee is deducted from the first payment. The reservation fee is non-refundable in case a preliminary agreement is not signed. The payment of the whole price shall be done according to the following payment plan:

First payment: 30% of the total sale price - within 14 days after signing the preliminary agreement; half of the sum shall be deemed as earnest money that guarantees the buyer’s obligation to sign the final agreement, this sum is non-refundable

Second payment: 40% of the total sale price - within 14 days after reaching ridge level of the building

Third payment: 20% of the total sale price - within 14 days after signing Protocol No15 (document evidencing the qualities of the construction) for the building.

Last payment: 10% of the total sale price - within 14 days after receiving a certificate for putting into exploitation of the building

Option: Buyers who pay 90% of the sale price on signing the preliminary agreement receive a 3% discount from the sale price



Term for completing the construction and signing the final agreement

The building will be finished up to ridge level in March 2008. The final agreement for the transfer of the ownership of the property by means of a Notary deed will be signed within two weeks after receiving the permission for the exploitation of the building.



Maintenance and management of the property

First class property management services will be provided by the seller. The annual service charge of EUR 7.5 per sq. m. will cover: cleaning and maintenance of the common areas of the building and the elevators, maintenance of the garden, common lighting and electricity as well as all other services connected with the common areas of Exclusive Ski & Spa Resort.