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| Amenities: In ski resort, In Mountain | ||||||||||||||||
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Description: Key selling points * 7 of 22 high spec. ski in - ski out apartments right on the piste * Free parking space, free ski equipment storage, communal sauna, hot tub * Nearby 4 star hotel, wellness centre, 27 hole golf course, castle, lakes, caves... * All-season tourism offering excellent year-round rentals; established tour operator * Construction well underway and on target for march 2008 completion * Very low density area which cannot be over-developed * 20 miles to Poprad airport with regular weekly flights to UK & Europe * No stamp duty; zero Capital Gains Tax after 5 years * New local finance: 20% down (£9,000) nothing until completion!! LATEST I am pleased to announce that construction is well underway now with the block on target to complete in March 2008. Photos taken at the end of September are available upon request and really do show the fantastic locations and views! There are 7 units remaining from 22 so do read on and enquire about this interesting investment case. The Tatra Alps and Vysne Ruzbachy - an all year round holiday destination The High Tatra Alps is Slovakia’s premier all year round tourist destination for not only skiing, but also hiking, mountaineering and family summer holidays. Golf is beginning to take off and there over 110 mountain lakes and remote caves to explore. There is also the stunning Spis Castle, a UNESCO world heritage site. Vysne Ruzbachy is centuries old with a spa history is fast becoming the place to head to in the High Tatra Alps in Slovakia. This region is even more beautiful during the summer than in the winter, which explains why Slovaks head for the hills in their droves for all kinds of summer outdoor pursuits. Pinewood Valley - Ski right from your front door! At Pinewood Valley you can ski right from your front door down to the ski station with access to the ski lifts, ski services, a ski school and restaurant. Night time skiing on two of the blue downhill runs is available three times a week and for children, young and old, there is snow tubing and excellent local ski schools to keep them occupied. The development itself will have a public restaurant, communal sauna and hot tub. In Vysne Ruzbachy, where Pinewood Valley is located, snow falls are abundant, providing a constant winter snow cover up to 2 metres thick. There are eight ski runs in total, mostly served by T lifts (up to 950m). For the more advanced skiers, there are a variety of slopes within a 20 minute drive to suit all tastes. An excellent combination of lifestyle and investment Not only is Pinewood Valley a great lifestyle project, but it is also an excellent investment package. Prices are from £45,000 and with only 20% down, nothing until completion, this equates to a £9,000 approximate deposit on the lowest cost units. The banks are providing 70% mortgages at 6.5% interest for 25 years and will provide 100% of the valuation. There is also no stamp duty in Slovakia and the completion costs compared to many countries are exceptional. The developer on this project is also an established English tour operator based in Cyprus and this gives the investor reduced risk when the project completes. Rental yields, net of operating costs, are predicted to start from at least 6%-7%. With a tour operator that will manage rentals, it allows the investor peace of mind that the projected yields are achievable. The recent news that Pinewood Valley will have a public restaurant will increase its visibility to all skiers. "The Ireland of Central Europe" with the highest economic growth in the region Slovakia boasts the highest growth in the central European region, the EU's 3rd lowest tax burden and, according to Standard & Poors, is the leader in investment security as well. The World bank also reports that Slovakia has been one of the fastest economic transformations in the world over 2006 and 2007. The country is well poised to close the gap on per capita income levels with the rest of Europe and offers some interesting investment opportunities to vigilant investor. A due diligence pack with building permit and rental projections is available upon request. Available units: Studio apartments 42m2 - 42m2 from £45,000 to £45,000 1 bed apartments 47m2 - 59m2 from £48,100 to £57,900 2 bed apartments 74m2 - 82m2 from £75,500 to £78,100 |
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