KEY FEATURES

·         22 luxury ski in - ski out apartments located right on the slopes - only 7 units remaining!

·         Only 20% down (£9,000) with nothing more to pay until completion!

·         Year-round tourism and established tour operator offer excellent rental returns

·         Cash flow positive investment with net yield of 6% at 47% occupancy

·         Free facilities include private parking, ski equipment storage, sauna & hot tub

·         Amenities include spa, wellness centre, 27 hole golf course, castle, lakes & caves

·         Very low density area and strict limits on future development ensure exclusivity

·         Only 20 miles to Poprad airport with regular weekly flights to UK & Europe

·         No stamp duty and zero Capital Gains Tax after 5 years

INVESTMENT PROPOSITION

This is a rare opportunity to buy an exclusive apartment situated directly on the ski slopes of Slovakia’s beautiful High Tatras Alps. Pinewood Valley is a development of 22 apartments located in Vysne Ruzbachy, a year-round resort offering luxury amenities for outdoor sports enthusiasts, nature lovers and spa breakers.  Tourists and investors are now waking up to the fabulous natural and investment environment Slovakia offers and property prices are rising quickly, especially in locations where development is restricted such as Vysne Ruzbachy. With a superb finance available and net positive returns predicted based on local hotel occupancy rates, this is not an opportunity to miss…

COST BREAKDOWN

Payment schedule: £2,000 reservation fee, 20% (from £9,000) within 30 days of exchange of contracts,

nothing more to pay until completion in January 2008 (refer to Payment Terms below)

Additional costs: Approx. £1,000 for notary, land registry and administration (including translation and

Power Of Attorney if required). No stamp duty or agency fees. Furniture pack from £2,800, mortgage

broker fee from £315, bank fee (0.75% of loan value). Approx. £50 annual taxes.

Mortgage: Up to 70% LTV through largest Slovakian broker at 6.5% interest rate. Mortgage can be in

Euros or Slovak currency, repayment period up to 25 years starting on completion.

CONTENTS – PINEWOOD VALLEY

1 Executive summary

- Investment at a Glance...

- Key Features

- Investment Proposition

- Cost Breakdown

2 Contents

4 Investment case

- Ski right up to your own front door

- An all year round holiday destination

- Highest economic growth in Central Europe

- Predicted rental yields of 6-7%

5 Why invest in Slovakia?

- Rapid economic growth

- A highly attractive investment environment

- The heart of Europe

6 Why invest in the High Tatras?

- Growing numbers of people discovering the beauty of the High Tatras

- Increasing local wealth creating rising demand for property

- Great towns in the surrounding area

8 Why invest in Vysne Ruzbachy?

- A picturesque 16th Century spa town

- First rate skiing facilities and services

- A rapidly up and coming resort

- Improving transport links

- More information

9 About the development

- Ski right up to your own front door

- High quality interiors

- Pamper yourself in the relaxation suite