Investment opportunity in Bulgaria coming. As recently mentioned here China is interested in investments in Bulgaria, Europe. Particularly in infrastructure, railways and tourism.What does it mean for smaller investors? As the infrastructure of the country will develop then the prices of land and properties will rise. In this post I’m going to present one unique investment opportunity in Bulgaria – situated in Borovets. Borovets is located in the beautiful village of Beli Iskar, set in a tranquil valley, 1 hour from Sofia International Airport, 15 minutes to Borovets Ski resort by mountain road in the Summer, or 30 minutes on main road via Samokov during Winter.
Investment opportunity in Bulgaria (Borovets, Eagle Rock Hotel) details:
Studio from £47,789, 1 Bedroom Ski Apartments from £51,746
2 beds available from £89,007
Huge potential for capital growth in 5 years
30% deposit required on exchange – from £14,337
100 metres from site of proposed new ski lift, connecting Eagle Rock to Borovets’ ski pistes and rest of the Super Borovets project
Set in a tranquil village in a unique development with indoor pool, health spa, gym and other amenities on site
Developer has a rental company in place to assist with rentals
Furniture pack and kitchen included
Expected net rental value of €250 per week for 1 bed, €340 per week for 2 bed
£1,000 to make a reservation (refundable before exchange of contracts)
70% finance available, subject to status
Borovets is home to western restaurants and shops as well as a Ski accident centre and is ideal for tourists. Borovets is much nearer to Sofia than Bansko (3 hours plus in Winter), and boasts a good number of ski lifts, gondolas and pistes. The resort is very westernised and tailored to English guests.
The ‘Super Borovets Project’ plans to transform the region into a year-round resort with football fields, tennis-courts and other playgrounds for practicing active sports, as well as swimming pools and numerous amusement facilities. The plan makes provisions for riverside parks with additional attractions, including a horse riding centre and dairy farm with taverns in the area of Bjala Poljana, close to Borovets. The aim of the project is to develop the tourism sector with the help of the local people, whilst at the same time, trying to observe the eco-balance of the region. The Super Borovets Project will transform Eagle Rock into a year round resort with direct access to ski lifts and new pistes. The personal use aspect in the Summer should not be underestimated.
Beli Iskar (White River) is the village where Eagle Rock is situated. The village is set in a valley, in very peaceful settings and the placement of Eagle Rock in a lofty location overlooking the village provides excellent views both in the Summer and Winter. It is also set near a natural conservation area which restricts building of new property, compounded by the fact that physically, there is little land available for building in the valley. Additionally, Eagle Rock is quite unique in design and location (views, peaceful etc.) compared to say Borovets or the new Lower Borovets. Domestic and foreign investment in the region is increasing rapidly and is backed by the local municipality (Super Borovets Project is a prime example) – The Super Borovets project is the key to success of Eagle Rock as an investment.