Escape and relax. The golfclub offers privacy, great mountain views, and access to all the amenities of golf club ibar:

• Swim (indoor/outdoor);
• Tennis (outdoor);
• SPA Center with hot mineral water;
• 24-Hour Security;
• Playground; Park;
• ClubHouse;
• General Store;
• Activities; and much more.

This private golfing community allows four seasons of country club living.

GolfClub Ibar is a spacious, luxurious vacation place in the foothills of the Rila Mountain, just few miles away from one of the Bulgaria finest sky resorts - Borovetz. Good touring base convenient for Sofia capital city and Plovdiv

Residential views may overlook the rivers, greens, lakes and fairways. Single-family golf villa is available from EUR 120,000s. At only EUR 55,000, you may have an affordable golf apartment, priced competitively to comparable golf properties.

Also included is the opportunity for full membership in the Golf Club Ibar.

First digging ceremony

On the 27-th of September 2005 the Governor of Sofia region Mr. Emil Ivanov and the Mayor of Dolna Bania Mr. Todor Ivanov, made the first digging of the practice area and of the first villas. The ceremony was honored by the presence of the members of the Parliament Mr. Mladen Cherveniakov (former minister of justice) and Mr. Oleg Popov, the President of the State agency for the development of new technologies Mr. Plamen Vachkov, t he Commercial counselor of the British Embassy Mrs. Christine Mc Neal, the mayors of Ihtiman, Kostenets and Gorna Malina, al municipal counselors, business partners and citizens of Dolna Bania. Mr. Mladen Cherveniakov and Mrs. Christine Mc Neal placed the pin of the green of the 18 hole and of the tee of the 1 hole. From the 1-st October 2005 starts sales of the villas of the first stage and fifteen first line villas on the golf.

Design contract ceremony

On June 14 2005 in State residence of “Bojana” Sofia, Bulgaria, Thimoty P. Kenny, Executive Vice president of Nicklaus design, and Kiril Nedev and Ilia Lazarov, Executive directors of Golf club Ibar, signed the Agreement for the design of the golf course in Dolna Bania, 70 km away from Sofia. This will be the first Nicklaus design Golf course not only in Bulgaria, but in South East Europe. The ceremony was honored byH.E.Petar Stojanov – President of Bulgaria 1997-2002,

Mr. Todor Ivanov - mayor of Dolna Bania, all members of the Municipality council of Dolna Bania, members of the diplomatic corp, as well as 420 distinguished guests.

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.

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.

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: 25-35°C
- Winter: 5–(-)5°C
- 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

Membership
General Conditions Each property owner and his family can become a Golf Club members without admission fee.

All property owners will have a Country Club membership.

Country Club Membership – ? 1 600 / p.a., comprises :
Infrastructure support and maintenance
Security
Cable TV (Broad band Internet access)
For the members and their guests
Spa center (three baths and swimming pools)
Tennis courts, football, volleyball and basketball fields
Playing golf, according the General rules and acting services list of the Golf Club
Bookings of tee time – up to 15 days

Golf Club Membership – ? 2 000 / p.a., comprises:
All the services available to Country Club members
PLUS
For the owners and their families –
Use of the Golf Course and Practice
Golf stick trolleys
50% discount for the golf school and buggy
Bookings of tee time – up to 30 days

For their guests–
50% discount on the Green Fee

The above annual membership fees will be applicable starting 2008, when the facility is expected to be fully operational.

Till then a uniform membership fee of ? 600 will be applied.

Internal Regulation and Rules of Membership of the IBAR Country Golf Club and Spa

1. Only the property owners and their families are members of IBAR Country and Golf Clubs.
2. Members are using the golf course facilities pursuant to the general conditions of membership.
3. The members are entitled to invite guests to the Club House and use all available facilities and services pursuant to the general conditions of membership and check in their guests at the Club Hotel.
4. The Club Hotel may be used solely by club members and their guests.
5. Members are obligated to maintain their properties to an club adequate standard.
6. Club members are entitled to rent their properties directly or through the Club. Tenants will have the status of guests of the owners, if the property is rented directly by the owner. In this case the respective members shall be responsible for them. If tenants have signed rental agreements with the Club such tenants shall be the responsibility of the Club.
7. The Club provides external property and compound security services included in the membership fee. Individualized indoor security systems – optional, on respective member request.
8. The territory of the Club is Weapons and Bodyguards (even not armed) free area.
9. Farming and animal rearing on the premises is not allowed.
10. The speed limit within the compound is 30 km/h.
11. From 13:00 to 17:00 hours and after 21:00 hours no excessive noise on the premises shall be allowed without the express consent of the neighbors and the Club management.

Rules of membership may be modified and supplemented as project works progress.

Any suggestion from IBAR Country Golf & Spa Club members, which will improve the pleasance of your membership will be more than welcomed.

THE GOLF

THE VILLAS

Club house and spa area

Villa "Christina"

Layout

Rooms area

The area is without the common parts

Villa "Anna"

Layout

Rooms area

The area is without the common parts

Villa "Ephrosina"

Layout

Rooms area

The area is without the common parts

» sales & prices

Real Estate Acquisition

Villas – 150 to 300 m? build up area with the adjacent land of 800 to 2 000 m?
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 ? 120 000
First Line Golf - starting from ? 200 000

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

Payment Plan 1

Payment Plan 2

10% discount on 100% advanced payment

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.

Prices - Stage one

Prices - Stage three