Great Rental Investment 400m from the Beach
Bulgaria · Burgas (Black Sea) · Nessebar · Sunny Beach
Price
€42,112 - €69,255
Bedrooms
1
Type
Apartment
Ref
P124708
Property Details
- Country
- Bulgaria, Burgas (Black Sea)
- Location
- Nessebar, Sunny Beach
- Type
- New
- Style
- Apartment
- Bedrooms
- 1
- Size
- 45 sq m to 76 sq m
- Garden
- No
- Terrace
- Yes
Great Rental Investment 400m from the Beach
Situated just 400m back from the wide sandy beach the development consists of 108 well proportioned apartments set around a large free form swimming pool. The remaining one bedroom apartments are priced at 790 Euros per square metre for a finished apartment or an additional 4,500 Euros ensures a fully furnished ready to rent apartment.
Sunny Holiday currently operates under contract to a large international tour operator that markets the property primarily to the Scandinavian market. As at the end of June 2007, the season occupancy rates were as follows, 72% i May and September, 77% i June and 86% i July and August. At the current rental rates this is translates to a 3,000 Euro income for a one bedroom apartment for the season or an expected return of 5.2% ivestment.
The management company has already signed a contract with the same operator for the 2008 season with a 7% icrease in rental rates. They are also in the process of agreeing contracts with other tour operators that will increase occupancy even further.
Ranging from 38 to 80sqm, each apartment is fully finished with terracotta tiled and wood laminate floors, fully completed bathrooms, air conditioning and internet / TV cabling. All living rooms have wide balconies overlooking the pool, whilst the bedrooms face the quieter part of the development.
The facilities and benefits of apartments at Sunny Holiday include:
Rental Contracts in place and proven to be generating a high income
Low Cost Investment, strong capital growth
Large Swimming Pool
Wide poolside terracing for rest and relaxation
Restaurant
Shops & Hair Salon
Free Parking
Year Round 24hr Security
Three lifts in each building
Maintenance costs at only 6 Euros per sqm/per annum.
Area Information
Central location in Sunny Beach. Rental Contracts in place and proven to be generating a high income! Good local facilites & amenities. 30km to Burgas Airport.
