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Description: Retro is new multifunctional development on the market in Bratislava. Exceptional combination of housing, sports and shopping facilities with attractive design will soon grow on Nevadzova Street in up-and-coming Ruzinov area, Bratislava District II. Location Bratislava is the capital of Slovakia and is the country's largest city. It is located in the south west of Slovakia, lies on both banks of the Danube, and is the only national capital in the world that borders two other countries, Austria and Hungary. Bratislava is the political, cultural and economic centre of Slovakia. It is the seat of the Slovak presidency, the parliament and government, and home to several universities, museums, theatres, galleries and other important economic, cultural and educational institutions. Ruzinov is District II of Bratislava, located just to the east of the Old Town. It is an established residential area with vast areas of greenery, two lakes, various schools, hospitals, theater, houses of culture, sports and shopping facilities. All these qualities and building of the new business district in southwestern part of Ruzinov make it the quickest rising area of the city and a star of real investment in Bratislava. Construction Schedule Construction commenced August 2007. The general frame structure will be complete by June 2009. The entire development including common areas will be complete by July 2010. Facilities And Maintenance Over 300 apartments Three floors of fully-fledged shopping centre with wide offer of services and comfortable parking Post office Bank branches Fashion shops Childrens corner Restaurants and cafes Supermarket Interior designers Offices Private medical center Sport facilities include: Badminton hall Fitness center Relax center (cosmetics, manicure, massage, pedicure, hair-dressers). The complex is designed to provide high-end accommodation for upper-class market. Its location (see below) will attract professionals and all levels of managers employed in companies based in Central Business District of Bratislava. Payment Terms We have a refundable reservation fee policy which enables you to hold an apartment for up to 30 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first instalment. The reservation fee is only refundable if the client views the property / development within the 30 day period. Only 10% of your reservation fee is retained by us as an administration charge. We will accept verbal reservations which are valid for 72 hours. The refundable reservation fee is 3,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first instalment. After 30 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable. FIRST INSTALMENT - 30% upon signing the Preliminary Contract of Sale within 30 days of making your reservation (minus your 3,000 reservation fee). SECOND INSTALMENT - 50% upon completion of the rough construction of your apartment building (approximately June 2009). THIRD INSTALMENT - 15% upon completion of the interior of your apartment (approximately April 2010). FOURTH INSTALMENT - 5% upon issue of the operation permit and hand-over (approximately July 2010). Property Management There are a number of local property management companies who can rent your apartment out. The conservative estimated return is 5-7% with capital appreciation at 15-20% currently. How (and whether or not) you rent your apartment is your choice, as too is the type of offers you wish to invite (long term versus short term). We will assist you in sourcing a suitable property management company, who will also advise an estimated rental income for both short and long term lets, and estimated occupancy figures. They will also advise what proportion of this rent will be retained by them, as this varies from company to company. Their fee will normally cover the following (but again this varies): Apartment Contents Insurance Heating Costs Electricity Costs Water Costs Key Management and Check-up Visits Cleaning of the apartment Laundry (sheets, towels etc) The developers have their own estate and property management agency and will be happy to assist you in renting out and maintenance of your property once completed. About the Immediate Vicinity Amenities within 250 meters from the development: Various bus and tram stops Shopping facilities Nursery Elementary school Business Academy Childrens playground Ice-hockey stadium of Vladimir Dzurilla Zone of Unusual Sports Departmental Policlinic of the Comenius University District Clinic of Ruzinov Lake Rohlik |
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