Description:

Boliari Towers has been named after wealthy merchants that used to trade over 150 years ago in this region of Veliko Turnovo. The building has been designed to blend perfectly into its historical surroundings, with its architecture taking its cues from the eclectic mix of period buildings. Located in the Kartala region of the city on Vasil Petleshkov Street, Boliari Towers is only 5 minutes drive from the centre of Veliko Turnovo, with views over the city.

The building is so well located that it is perfect for investment or lifestyle. Like many other historical cities across Europe, Veliko Turnovo is great for a short city break.

The details:

• 1 & 2 bedroom apartments
• Italian Restaurant
• Garages and storage areas
• City Centre
• Spacious apartments with balconies
• Luxury fittings, including Italian tiles
• Fully fitted bathrooms
• Close to all the amenities
• Rent guaranteed!
• Great capital appreciation
• In beautiful historical location

Veliko Turnovo:

Veliko Turnovo, the medieval capital of Bulgaria, is a town rich in history that goes back for more than 7000 years! The houses, stacked one above the other, situated on the sloped hills of the town show a remarkable and unique architectural style. The ancient bridges, showing the most unexpected routes across the cities river, palaces and towers, spectacular museums, ancient columns with writings left by the proud rulers, monasteries with unique murals and the Arbanassi fortress-houses- they all contribute to the wonderful athmosphere of Veliko Turnovo.

From its rich historical value to its thriving modern lifestyle ( Veliko Turnovo has the second largest university in Bulgaria! ) and lush natural surroundings that provide many excellent opportunities for outdoor recreational activities, Veliko Turnovo offers you everything you could ever want for a perfect holiday.

Located in the Kartala region of the city on Vasil Petleshkov Street, Boliari Towers is only 5 minutes drive from the centre of Veliko Turnovo, with views over the city.



PAYMENT PLANS:

Standard Payment Plan:

• 5 % deposit (first instalment) to the bank account of the builder (non-refundable)
• 35 % (second instalment) paid at signing the Preliminary Contract within 20-28 days after the deposit has been paid (all legal rights of the buyer established)
• 20 % (third instalment) when the complex reaches 3rd floor *
• 20 % (fourth instalment) when the complex reaches roof level
• 10 % (fifth instalment) when the window joinery is being installed
• 10 % (sixth instalment) is paid on completion of the development and on receipt of Act 16 (completion of building at Act 15 - December 2009)

* Please note, any buyer buying into the development during construction will pay their instalments on different stages of the build (e.g. if the 3rd floor is already built on signing the preliminary contract, then this instalment may be due on the roof stage)



Discounted Payment Plan:

* A discount of 8% of the purchase price will be offered for all apartments purchased with the following payment plan:

• 2500 Euros non-refundable deposit at the time of reservation
• 90% of the purchase price less the deposit upon signing the preliminary contract
• 10% of the purchase price when the whole complex is finished at receipt of Act 15 (December 2009)

* Any discounts offered by this payment plan maybe reduced should a promotional discount be offered on the project (e.g. 10% promotional discount over a limited period)



Deferred Payment Plan:

All apartments purchased on this payment plan will have their original price increased by 8%:

• 2500 Euros non-refundable deposit when reserving your apartment
• 30% of the purchase price less the deposit upon signing the preliminary contract
• 70% of the purchase price when the whole complex is finished at receipt of Act 15 (December 2009)

Payment plan for buying with mortgage:

All apartments purchased on this payment plan will have their original price increased by 8%:

• 5% reservation deposit, non-refundable. Must be paid with Buyer's own funds
• 25% when the construction starts or on signing of the Preliminary contract. Must be paid with Buyer's own funds
• 70% will be paid by United Bulgarian Bank

For mortgage information, please see details below!



Mortgage (for more details, please check the Off-Plan Mortgage Information Page):
A 70 % mortgage in EURO currency from a leading Bulgarian bank is available for buyers who are residents of any country of the EU, the USA, Canada, Australia and New Zealand. The mortgage will cover 70 % of the apartment price and is for a maximum for 20 years. The annual interest rate is approx. 6.25 %. The buyer must cover 30 % of the apartment price with their own funds. Buyers who apply for a mortgage must provide the required documents and proof of income. Only buyers who are able to repay their loan will qualify for a mortgage. The most important requirement is that the monthly ratio of INCOME:DEBT is set at a minimum 60:40 (ie: a mortgage advance will be based on 1.5 x net income). For more information on the mortgage service, terms and conditions, please contact us.