Prices from 85,000 Euros.

The Cliff, Beach & Spa- Obzor Bay is a new development concept (condo hotel) for the Bulgarian property Market which is well established in USA and becoming widely recognised around Europe, Spain and Portugal .

The development is build around the Condo Hotel Residences, where all investors are entitled to purchase either a whole suite ownership or fractional (share) ownership. The complex is full service resort with 90 suites and 40 hotel rooms. Suites vary from studio, one bedroom, two bedroom, and penthouse apartments all of which are offering spectacular see views.

See http://www.strproperty.co.uk/overseas/location/bulgaria/the_cliff/ for more information, but look out for the dodgy English!

Ski Fractional Ownership Scheme

Located in the premier St John district of Bansko. St. John Park is situated on top of the hill in front of the Gondola ski lift and the five star Kempinski Hotel.
The elevated position provides fantastic panoramic views of Bansko, Pirin, Rila and Rodopi mountains combined with unmatched proximity to the Todorka and Vihren Peaks. The natural landscape ensures unobstructed views for all apartments in the future.

Named after the local saint John, there is a chapel at the entrance of the complex. The exclusive design of the complex uses the same architect as the acclaimed five star Kempinski Grand Arena Hotel, combining Bulgarian Renaissance style typical for the region with elements from Alpine architecture.

The complex will consist of two hundred high quality apartments finished to the equivalent of a five star hotel. The majority of apartments will include terraces, fireplaces and fully fitted bathrooms with bathtubs.

The un-rivalled on-site facilities include an indoor swimming pool, state of the art three storey SPA and Wellness Centre, ski rental facility, on-site parking and a two storey restaurant.

The spectacular location in the foothills of the Pirin mountain provides easy access to the center of Bansko and the ski lift (8 min. on foot, 3 min. by car) using a newly built road. For added convenience a complimentary 24h shuttle is provided to the Gondola lift station and to the centre of the old town.

Introducing the un-rivalled leisure facilities of the St John Park Sports & Recreation Club:

Spa and Wellness Center
Indoor swimming pool
Fitness/Gym
Italian restaurant
Open area bbq
Children?s corner
Grocery store
Ski and bike rental
Outdoor swimming pool
Tennis court
Ice rink
Multi-Sport arena
Gazebo
Children?s corner
Terrace Restaurant
Body shop

The total purchase cost will be approx:

58,000 for a studio
69,000 for a 1-bed apartment
96,000 for a 2-bed apartment
137,000 for a 3-bed apartment

The actual properties will be decided by the fractional scheme members once enough interest has been expressed to make a syndicate viable.

The fractional ownership scheme will run for 5 complete years. At the end of this period the apartment will be sold and the value will be payed back to the fraction owners based on the size of their fraction.

Time allocation will be on the following basis (based on a studio).

Fraction size from 1,200 to 5,700. For each whole fraction of 1,200 you will receive 1 week each year, the date of that week to be decided by lottery.

Fraction size 5,800 or above. For each fraction of 5,800 you will be able to choose weeks at the apartment from blocks as follows: 1 week from Summer high season (typically school holidays), 1 week from Winter season (mid-Jan to mid-Apr), 2 weeks from mid season (Late Spring, Summer outside school holidays and early Autumn), and 1 week form the rest of the year. The initial order in which you get to choose your weeks will be decided by lottery, thereafter the order will rotate.

To register interest or as a question please email neil@thefractionaltimes.com