Just Launched….New Zakopane Hotel Development in Poland

An opportunity to get in at the start of a newly launched property development in Poland’s Winter Capital, Zakopane. 131 hotel units are being development in a new 4 Star Hotel project located in Poland and Central Europe’s most popular winter holiday resorts close to the Tatra Mountain range. The Hotel is located in an established hotel area, close to the ski lifts and will have a restaurant, parking and conference facilities onsite and residents will have access to a new Aqua Park immediately adjacent due to open in 2006.The developer has real estate experience in residential and hotel developments across Poland. Construction is planned for start in Q3 2006 with completion in Q4 2007.

Over two million tourists visit Zakopane each year during an 8-10 month winter/summer season to not only ski but to walk and climb in the Tatra National Park. The resort is 100km from Krakow, the tourist & historical capital of Poland and can be reached in approx 75 mins from Krakow airport making Zakopane a fly-to-let investment serviced by a range of low cost airlines: Easyjet, CentralWings, Wizzair, Sky Europe & BA.

Prices from €83,000 / £56,000 for units from 22-55m2 offered with a Turnkey package with all furniture & equipment to 4 Star standards, VAT, etc. included in price.
 - Special ‘no stage payments or indexation payments’ terms have been negotiated along with local finance of 60% loan to value with BZ-WBK (subsidiary of Allied Irish Bank).Â
 - 10 year leaseback @ 9-10% net yield from hotel operator (rent will meet mortgage payments)
 - Profit Share participation in the financial performance of the hotel

This polish off-plan investment is being marketed by Euro Ventures, please contact for further details or call +44 (0) 845 8386725 quoting Nubricks.com.

Polish Fact File
- Stamp Duty 2%, Court Fees 1-1.3%, Notary Fees 1% and lawyer and sworn translator fees (vary according to person)
 - Capital gains are charged at 10% of the total price of the property when sold however if a property is retained for 5 years or more then there is no tax payable.
 - Poland is part of the European Union and their property ownership laws have converged with the rest of the EU and are therefore transparent. It is not necessary as a foreign national to set up a company to purchase property within Poland.

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