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| Montenegro - Kolasin |
KOLASIN PALACE SKI RESORT-EXCELSIOR APART HOTEL |
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| Montenegro - Kolasin - Kolasin |
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****ONLY 20% DEPOSIT****
The Kolasin Palace Resort is positioned on a peak where Flow Design, an architectural company has started on the design of three French-Austrian style 4 star hotels spa complex which will be a combination of hotel and high quality apartments. There will also be villas and a major commercial zone along with the huge range of amenities for the tourists visiting the site. The advantage behind this particular style of build program for this site is that it would be referred to as a statement complex in a prime location which would lead to high capital appreciation. The resort will have its own hospital along with a plastic surgery clinic and rehabilitation centre. The complex will also implement its own coach and taxi service.
This stunning ski resort is only 1 hour & 20 minutes away from Podgorica International Airport, which is only 1/3 of the travel time compared to mountain resort in France, Austria & Switzerland. Also the developers are in negotiations with several budget airlines thus opening the resort to thousands of potential rental clients.
ON-SITE AMENITIES:
* Skiing and 200 snow cannons plus a nylon track system * Snowboarding * Spa facilities * 2 Water rides * Santa Land * Pony trekking * Hot air ballooning * Target shooting * Paragliding * Archery * Ice skating rink * Indoor bowling alley * 5 screen cinema * Helicopter tours * Hospital facilities
OFF-SITE AMENITIES:
* Horse riding & equestrian centre * Wild water rafting * Wild bore hunting * Off road driving * Go-cart racing * Mountain walking * Rock climbing * Hand-gliding * Cave, lake & cycling tours
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| Description and Specifications |
Prices |
| • FINANCE PACKAGE
* 3,000€ FULLY REFUNDABLE reservation fee
* Apartment fully furnished.
* 5.5% completion costs & low government taxes.
BUSINESS LEASE BACK FINANCE PACKAGE:
* 20% deposit on signing of preliminary contract (less res fee)
* 20% nine months later.
* Mortgage of 60% available subject to status.
* Circa 7.5% variable over 30 years.
* 6% yield on mortgage amount guaranteed for five years.
* First 300 units sold the yield will be 7.5% matching the mortgage.
* No maintenance or communal charge for the duration of the Business Lease Back.
* One month personal use (28 Days) April/May – September/October (to be used over two x 2 weeks’ periods only).
* Each purchaser will receive a business performance report and a new valuation on their apartment every 12 months.
PAYMENT TERMS WITHOUT PACKAGE:
* 20% deposit on signing of preliminary contract (less res fee)
* 20% nine months later.
* 30% after another nine months.
* 30% upon completion.
* All utilities are metered.
The philosophy in this project is simple, to build the apartment hotels satiated with huge amenities for the tourism base and to manage the apartments under a leaseback scheme from the owners. The apartment hotels will be managed by top international management companies which in turn will bring confidence to the resort for tourist and investor alike. The main European competition is France, Austria and Switzerland where the average values for apartments as investments in the ski regions are ranging in price from 3,950 euros, for new off plan projects, to as high as 7,000 euros per sq. meter for developed ski zones. All this coupled with the highest level of on site amenities and all year round activities The Kolasin Palace Resort is deemed to be one of the best ski resorts in Europe!
LOCATION
The Kolasin Palace Resort is at an altitude of 1,100 meters above sea level with 360 degree panoramic views and yet only 5 minutes from the centre of the town. The Municipality of Kolasin along with the government of Montenegro has re-zoned this site as the second lung of the town of Kolasin. The re-zoning of Kolasin Palace Resort is the largest re-zoning to date in Kolasin. The site is positioned just above the town of Kolasin which will become a major international ski resort destination within the next 5 years. With the introduction of the new international ski centre presently being built and the opportunity of the 4 star mountain spa treatments Montenegro is becoming hugely popular with international tourists. The UK based Beppler & Jacobsen have recently bought the Bianca Hotel in Kolasin which is the only five star hotel in Kolasin.
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Studio |
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1 |
| Type: |
Hotel Suites |
| Price: |
87,975 € (£ 60,263)
to 180,000 € (£ 123,300)
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| Bed(s): |
1 |
| Bath(s): |
1 |
| Type: |
Apartment |
| Price: |
152,490 € (£ 104,456)
to 324,000 € (£ 221,940)
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| Bed(s): |
2 |
| Bath(s): |
2 |
| Type: |
Apartment |
| Price: |
201,365 € (£ 137,935)
to 412,000 € (£ 282,220)
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| Bed(s): |
2 |
| Bath(s): |
1 |
| Type: |
Penthouse |
| Price: |
316,710 € (£ 216,946)
to 648,000 € (£ 443,880)
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Location Information
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You will find the town of Kolasin in the heart of the continental area of Montenegro. The region is mountainous, rich in all beauties and challenges and offers the best ski resort in Montenegro. It stretches over an area of 897 square kilometres of the upper and middle courses of the Tara and Moraca Rivers. The basins of these two rivers make two natural unities, equal by size and spatially, close by and yet each having its own unique qualities. The region in the basin of the Moraca River is featured by the steep slope of the terrain. It is intersected by deep gorges and canyons. The upper part of this river valley stretches to the entrance of the Platija Canyon at an altitude ranging between 465m and 973m. The Platija Canyon is on average 1,000 metres deep and the Moraca's river also flows through the canyons with the banks often as high as up to 1,000 metres.
Kolasin as a destination has been tipped by the world tourism trade council to have the potential in becoming the next biggest international skiing Mecca. It has an altitude of 2,500 meters and enjoys a micro climate which guarantees snow of up to 2.5 meters, even in 2007 where there was no snow within the major ski resorts in Austria and Switzerland; tourists were still skiing in Kolasin. Breathtaking canyons, glacial lakes like those in fairytales, mountain peaks exceeding 2,000 meters, numerous springs, thick woods, spacious pastures, limestone plateaus – makes this treasure of landscapes considerably plentiful and memorable.
The great outdoors of the Kolasin region is not far away for those who appreciate beauty!
DISTANCES:
Podgorica airport - 75kms
Belgrade - 388km
Budva – 148kms
Lovćen – 120kms
Zabljak – 90kms
Berane – 75kms
Bijelo Polje – 50kms
Mojkovac – 21kms
INFRASTRUCTURE WITHIN KOLASIN
MAIN ROADS
The refurbishment of the main road from Podgorica (the capital) to Kolasin town is currently 20% completed whereas the government intend by the end of 2008 to have completed close to 50% of the works with the balance to be completed by 2012. The main reason there is enormous potential for development in Kolasin is because skiing has become, along with mountain resort destinations, one of the fastest growing sectors in tourism and with the government having started on the road improvement program access is quick and easy, which is essential.
WATER
Kolasin as a zone has one of the largest water reserves in the country, therefore fresh drinking water is not a problem on site as there is over 60 natural springs already on the Kolasin Palace Resort site.
ELECTRICITY
The government is set to privatize the electricity distribution centre and power generation in Montenegro within the next 2 years. Currently over 60% of the power is from the European grid. Kolasin has enough power off the grid to supply the resort’s requirements however Kolasin Palace Resort will have its own standby power generation system with a power capacity of circa 3 mega watts on site for covering any short fall in supply.
CLIMATE REPORTS FOR KOLASIN
Average annual temperature is 7.3 ºC. January is the coldest month with average temperature of -1.9 ºC; the warmest is July with 16 ºC. Autumn’s average temperature is only 6.5 ºC. It snows for 52 days on average and, on the higher grounds of Bjelasica Mt., over 60 days a year, mostly in January and February. In Kolasin ground is covered with snow that can be measured for 82.8 days a year on average with big annual variations of as 108 days. In 1981, 141 days were recorded with snow and, in 1951, only 33 days. Strong winds sweep through Kolasin only 10.2 days a year. In the recent years even less.
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Montenegro
