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Kutelo Residence The Kutelo Residence is another excellent ski property investment opportunity brought to you by The Right Move Abroad. It consists of three sections. Each of them has a separate entrance and a lift. The architectural style of the building preserves the architectural traditions of the Bansko style, with a contemporary luxury and comfort aspect. In the complex there are 62 apartments with breathtaking views of the magnificent Rila and Pirin mountains. In the adjoining courtyard a barbeque, an open-air kindergarten and lawns will compliment this excellent development. Location Kutelo Residence Complex is located in an excellent area of the town of Bansko, not far from the centre of the town (600 m.) and near to the Gondola Ski lift (only 350 m.). The south-west part of Kutelo Residence is bordered by the Glazne river and to the south, there are beautiful views of the Pirin mountain. Construction Schedule Construction is due to commence in April 2006 and completion is expected at the end of December 2007. Facilities And Maintenance The are 62 apartments in total in three blocks, each block having a lift to each of the floors and a separate entrance. There is a property management company on site which will be available to all apartment owners.
There is 24 hours security covering all areas of the development. There is a swimming pool, fitness centre, sauna, jacuzzi, steam bath, ski wardrobe which are all free to all residents as well as a massage service which will incur a small additional charge. There is also free secure parking provided to all owners and their guests.
The maintenance charge for the resort has been set at €10 per sqm of total apartment size, per year.This charge will cover the cost of the 24 hour security, pool maintenance and cleaning, common area maintenance and cleaning, gardening and other on-site staffing. Payment Terms The Right Move Abroad 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.
We will accept verbal reservations which are valid for 72 hours.
The refundable reservation fee is €1,000 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 - 20% upon signing the Preliminary Contract of Sale within 30 days of making your reservation.
SECOND INSTALMENT - 15% upon completion of the basement in your apartment building.
THIRD INSTALMENT - 35% upon completion of the roof in your apartment building.
FINAL INSTALMENT - 30% upon issue of Act 16 (completion) and signing the notary deed.
NOTE - A 5% DISCOUNT ON THE PURCHASE PRICE IS AVAILABLE FOR CLIENTS WISHING TO PAY 40/15/25/20. Property Management Upon completion, you will be presented with a contract for the management of your apartment. This will include an estimated rental income for both peak and off-peak seasons in the form of a nightly rate and estimated occupancy figures based on the guidelines given by the chosen tour operators for the development. It will also include details of what proportion of this rent will be retained by the on-site management company in order to provide you and your guests with the following services:
• Apartment Contents Insurance
• Heating Costs
• Air Conditioning Costs
• Key Management and Reception Services
• Cleaning of the apartment
• Laundry (sheets, towels etc)
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