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ID 201
This is a fully contained holiday apartment complex built in the town of Balchik on Bulgaria's Black Sea coast. Located in the Eastern part of Balchik about 100 metres from the main road to Albena and in proximity to the Palace in Balchik. Great investment opportunity in a center for sailing and golfing. Guaranteed rental income.
Features:
• Conformity to all quality building standards
• Thermal Insulation on all exterior walls
• Imported PVC Gas Insulated Windows
• Imported Roofing Tiles
• High quality polypropylene water lines
• High quality Floor and Bathroom Tiles
• Walls finished with latex paint
Layout
The project comprises two mirror buildings built on a plot of 2,950 sq.m. and offers a total of 84 comfortable furnished apartments, a swimming pool, fitness center and a bar. The building has 6 floors and an open terrace on the top with gross built-up area of 6,134 sq.m. There are two entrances of the building, each having 42 apartments, or total of 84 apartments. The area of the apartments is between 43 and 202 sq.m. including cozy kitchen and dining room, spacious bedrooms with terraces, entrances and bathrooms with WC.
Facilities:
• Fitness centre
• Business centre with internet
• Laundry service
• Exterior swimming pool
• Inviting pool bar
• Security guard
• Private parking
Complex Completion: December 30, 2006
Maintenance:
Maintenance services are provided by the apartment complex to cover maintenance of the building, incl. electricity and water systems and roof, cleaning public areas, gardening, payrolls of staff etc.
Property management fee:
Studio: 420 euro for one year
One-bedroom apartment: 520 euro for one year
Two-bedrooms apartment: 800 euro for one year
Payment plan:
OPTION 1:
40% upon signing the preliminary contract
50% upon completion of building (Deed 15 expected by December 2006)
10% upon usage permit (expected by April 2007)
Other details:
Prices quoted include VAT based on the local tax evaluation at the Notary Act.
Notary transfer fees – 3%
NO commision from the buyer 
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