Welcome

Welcome to the first Nicklaus design Golf Course in South-Eastern Europe - Country Golf Club & Spa IBAR

Statements

Shareholders' Statement

Due to the continuous real estate agents' speculations that Golf Club Ibar will become public the Shareholders of Golf Club Ibar AD would like to make the following statement:

Golf Club Ibar is established as a private, members only and their guests Golf Club and will remain private. The members are the owners of the properties within the gated complex Golf Club Ibar. Therefore the owners of properties in the other developments in the region e.g. Seven Lakes, Kalina, Kedar, Super Borovets, Raduil, Kostenets, etc. will not be able to play golf at Golf Club Ibar unless they also own a property in Golf Club Ibar or unless they are a guest/tenant to owners of properties within Golf Club Ibar and pursuant to the membership rules and regulations.

Antifraud statement

The Board of Directors of Golf Club IBAR AD states that this company is the solemn owner of Golf Club & SPa IBAR near the town of Dolna banya.

The land on which the Golf Club & SPA IBAR is developed is fully and solemnly owned by Golf Club IBAR AD.

Golf Club & Spa IBAR is a PRIVATE, MEMBERS ONLY AND THEIR GUESTS Club. No free access is to be provided to non members, unless they have a GUEST status.

The company has two shareholders: the Municipality of Dolna Banya and Lazarov Nedev Ltd.

The golf course is the first one in South-East Europe and the only one in Bulgaria designed by Nicklaus Design.

This official statement is released in connection with some advertisements in Internet by different Bulgarian and foreign companies (like LAKESIDE GOLF, RILA GOLF RESORT etc.) pretending to have property within the boundaries of Golf Club IBAR and right to make sales.
All the information concerning the relationship of such companies with Golf Club Ibar AD there, is misleading.
The advertisements contain pictures and documents stolen from IBAR’s web site.
The use, by these companies, of Nicklaus Design and Country Golf Club & Spa Brands and Logos and other materials is unauthorized and illegal.

Kiril Nedev, Executive Director

The Club - Location

IBAR Country Golf Club Dolna Bania is situated at the foothills of Mount Rila - the highest mountain on the Balkan Peninsula. It is 18 km from Borovets - the first Bulgarian skiing resort founded at the beginning of the 20th century; 70 km from the Bulgarian capital Sofia and 80 km from Plovdiv - the second largest Bulgarian city founded in ancient times by Philip of Macedonia - father of Alexander the Great.

Location Map

Click on the picture for large view:

Dolna Bania itself is an ancient settlement famous for its hot mineral water springs (65°C). Over the centuries its inhabitants have featured ancient Thracian tribes, Roman and Byzantine settlers. Roman legions have also crossed these lands on numerous occasions. Germanicus (grandson of Emperor August, brother of Claudius and father of Emperor Caligula of the Roman Empire was procurator here). The well preserved Roman Bath, the old paved Roman road, the ruins of the Venetitsa - an ancient Orthodox monastery and the small chapel located 6 km from the town, lend extra historic value and importance to the entire area. The road to Constantinople, which runs close to the town, was used by the armies of the IVth Crusade, led by Emperor Baldwin of Flanders.

The Club - Country Club

Ibar Country Golf Club is:

•    Private Country Golf Club & Spa

•     members only and their guests

•  Eighteen-hole golf course by Nicklaus Design

•  Practice facility with six short Par 3 holes and short 9 game area

•  Club House and Restaurant, Whisky Bar, Pastry Shop, Members' Room and Pro Shop

•  Spa Centre with outdoor and indoor mineral water swimming pools, Roman Bath (thermi), Finnish Sauna, Turkish Bath (Hamam), private massage parlours, massage baths, beauty shop, contrast showers, Cleopatra Bath, personal changing rooms and other modern spa facilities

•  Children's swimming pool, children's recreation room

•  Tennis courts, football, volleyball and basketball fields

•  Small club hotel of 20 rooms and 10 suites for the members and their guests

The houses will offer stunning views of Rila Mountain and Sredna Gora Mountain

•   Mini Market

•  Catering facilities

•   Nursery

•   Professional garden maintenance and cleaning services

Implementation Schedule

•         The construction of the villas and the practice facility will begin in October 2005

        The construction of the first nine holes in September 2006 and the second set of 9 holes in September 2007

•          The whole complex will be fully operational in 2008

Climate

•                   Temperate, four seasons, mild Mediterranean influence

•                    Suitable for treatment of asthmatic conditions, no temperature anomalies

•                  Summer: 25-35C

•                   Winter: -5-5C

•                     13 month season (9-10 month golf season and 3-4 month skiing season)

Medical Services

The Club will have a doctor's surgery. Best clinics in Sofia, i.e. the Government Hospital, Saint Anna Hospital, the Military Medical Academy - all a fifty-minute drive, will be contracted to suite the needs of the Members and their guests.

Sport Activities available in the neighborhood of the Club

•              skiing and winter sports

•               flying school and small airplane flying

•               horse riding

•               off-road, quad and motocross

•                fishing and hunting

•                mountaineering and summer and winter mountain sports

•                delta plane flying

Property Management and Maintenance

IBAR developments will provide on-site management at IBAR Country Golf Club.

Types of membership and membership fees

Country Club Membership. Membership fee EUR 1 600 per annum.

It includes the following: maintenance of the infrastructure on the premises of the Club, maintenance of the public gardens, streets, alleys, the cable TV network to each property, external security, free use of the Spa Centre including three baths, swimming pools and sports facilities (tennis courts, football, volleyball and basketball fields). Golf can be played in accordance with the paid services plan. Tee time bookings can be made up to 15 days in advance.

Golf Club Membership. Membership fee EUR 2 000 per annum.

It includes all services of the Country Club membership plus the following additional rights: members of the club and their families play golf for free pursuant to the rules of the Club.
Guests of the members (up to 3 guests) can play golf using a 50% discount on the green fee.
Tee time bookings can be made up to 30 days in advance.
The club members and their families have the right to use the practice facility free of charge as well as the golf club trolleys.
Members are entitled to a 50% discount on the Golf Instructor's fees .
Members are entitled to a 50% discount on the Golf Cart fees.

For the time before the 18 hole golf course is in running order (scheduled for the autumn of 2008), the membership fee will be EUR 600 per annum and will include the property security services and maintenance of the common parts.

Membership fees

Defining the amount of the fee

The amount of the membership fee is reviewed once every three years and adjusted according to the accumulated inflation rate in Bulgaria for that three-year period. The present membership fee was defined on December 31st 2005 and will be reviewed on December 31st 2008.

The membership fee for the respective year is payable by February 28th of the same year. The delay in payment will result in temporary restrictions of the club rights. The temporary restrictions of the club rights are restored once all due payments are made.

The membership fee becomes payable at the moment of transfer of the property rights and is proportional to the remaining period of time of the respective calendar year.

The type of membership may be changed by the respective member only for the period January 1st - January 30th. During the calendar year a change of the type of membership is not allowed.

The membership rules may be modified and supplemented as the project progresses and upon suggestions from the club members.

The Club - Internal Rules and Regulations of Ibar Country Golf Club and Spa

1.   Members of Ibar Country Golf Club and Spa are the owners of properties located within the boundaries of the Club as well as their family members.

2.   Members are entitled to use the golf course facilities pursuant to the membership terms

3.  Members have the right to invite guests to the Club House and together to use all available facilities and services pursuant to the membership terms. They are obliged to register their guests at the Club Administration Desk.

4.  The Club Hotel may be used only by members of the Club and their guests.

5.  Members are obliged to maintain their properties to a Club adequate standard.

6. Members have the right to rent out their properties directly or through the Club. Tenants have the status of guests to the owners if invited by the owners and if visiting the Club on the owners' invitation. In this case the respective member is responsible for the tenants' actions during their stay on the premises of the Club.
If the owners (club members) have signed a Property Management Agreement with the Club then the Club is responsible for the tenants' actions on the premises of the Club.

7.  The Club provides external security of the whole compound as well as of the common parts around the properties included in the annual membership fee. Inside security alarms in the separate properties are an additional cost.

8.   No weapons are allowed on the premises of the Club neither any security guards nor other means of protection (even if the personal security guards are unarmed) in order to avoid any inconvenience that might be caused to the other members and their guests.

9. Farming and stock breeding is strictly prohibited on the premises of the Club.

10. The speed limit for all vehicles on the premises of the Club is 30 km./h.

11.From 13:00 to 17:00 and after 21:00 no excessive noise is allowed on the premises of the Club without the explicit consent of the neighbours and Golf Club Ibar's management.

The Golf

Routing plan

Click on the picture for large view:

Range and practice area

Click on the picture for large view:

These plans are intended as a very preliminary space planning exercise to provide the owner with a conceptual layout for routing a proposed golf course, based upon a tentative review of site information provided to Nicklaus Design. The layout depicted is only offered as an initial suggestion, will typically be modified several times by the owner and Nicklaus Design in the normal course of the design process, and should not be relied upon for land planning or permitting purposes. The release of these plans does not constitute any representation or warranty that the site depicted will be suitable for a golf course or that the proposed course can be designed and constructed according to the preliminary routing. A final routing for the golf course will be determined subject to further review of site conditions by Nicklaus Design staff and the input, review and approval of owner, the project engineers and land planners, and land use and other regulatory agencies having jurisdiction over the site.

Hot Summer Prоmotion

Get your free swimming pool NOW!

Buying a front line villa Anna 1G, Anna 2G, Nevena or Irina this summer brings you a surprising present:

A free kidney-shaped or rectangular pool in your garden!

Buying any other type of villa – Radina, Christina, Iskra or Nina will bring you:

An oval pool as a present!

* The picture(s) above are computer-generated and are displayed for reference only. The finished villas will resemble those pictures to a great extend but may differ somehow due to technical and/or construction specifics.

Master Plan

Master plan - Full size PDF document, click here

Stage 2 North

Stage two North - Full size image, click here

Halfway Club House Area

Halfway Club House - Full size image, click here

Stage three

Stage three - Full size image, click here

Hole2 & Hole3

First line golf plots overlooking green of holes 2 and tee of hole 3 - Full size image, click here

Stage one (all villas sold out, apartments still available)

Stage one - Full size image, click here

Location Map

Location map - Full size image, click here

These plans are intended as a very preliminary space planning exercise to provide the owner with a conceptual layout for routing a proposed golf course, based upon a tentative review of site information provided to Nicklaus Design. The layout depicted is only offered as an initial suggestion, will typically be modified several times by the owner and Nicklaus Design in the normal course of the design process, and should not be relied upon for land planning or permitting purposes. The release of these plans does not constitute any representation or warranty that the site depicted will be suitable for a golf course or that the proposed course can be designed and constructed according to the preliminary routing. A final routing for the golf course will be determined subject to further review of site conditions by Nicklaus Design staff and the input, review and approval of owner, the project engineers and land planners, and land use and other regulatory agencies having jurisdiction over the site.

Pre-launch offers

Villas, Studios, Apartments

The Villas - Extras

Garage

Pools

Jacuzzi

Private Spa Center

Stone Cladding

Mineral water

Garages

 Pools

Pool plans

 Jacuzzi

 Private Spa center

 Stone Cladding (only for villa Christina)

Mineral Water

In-House Hot Mineral Water Installation (for any detached house)

Prices

* The picture(s) above are computer-generated and are displayed for reference only. The finished villas will resemble those pictures to a great extend but may differ somehow due to technical and/or construction specifics.

All prices are inclusive of VAT

Restaurant, Fitness & Spa center

We are delighted to be able to give you more information on the Golf Club Ibar Restaurant, Fitness & Spa Centre. The construction of the Spa facilities will start in July 2008. The Spa centre will be offering the following facilities:

The Villas - Real Estate Acquisition

Villas

Villas – 150 to 300 m² build up area with the adjacent land of 800 to 2 000 m²
Turn Key – 12 to 18 months from closing the contract

Optional

Garage, Spa, Swimming pool, Jacuzzi, BBQ, Furniture, other household appliances

Pricing

Golf and Mountain View – starting from € 110 000
First Line Golf - starting from € 140 000
All prices are inclusive of VAT

Payment Terms

Reservation fee – € 2 000
Reservation option – 30 days
The fee is discountable from the first installment agreed, upon signing of the contract.

Expected future benefits

Capitalizing on current income The expected rental income may reach 5 6 000 / p.a. Property management will be available through IBAR Developments.
Capital profit Upon the completion of the project the property prices are expected to reach up to 300 000.

Payment plans

Prices

PROPERTY MANAGEMENT

PROPERTY MANAGEMENT PACKAGES

1. CHECKING PACKAGE

2. CLEANING PACKAGE

3. GARDEN MAINTENANCE PACKAGE

4. KEY HOLDING SERVICE

5.SECURITY PACKAGE

6. SWIMMING POOL MAINTENANCE PACKAGE

7.  TRANSPORTATION PACKAGE

All the prices are VAT included. The payment should be made in advance upon order by bank transfer.

The company has the right to make changes in the services and prices.