: property For Sale Albena area Bulgaria
 

Price:   €61,029
Ref: S97012

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property Details  
Country: Bulgaria, Dobrich (Black Sea)
Location: Balchik, Albena area
Type: New
Style: Apartment
Bedrooms: 1 - 3
Garden: Yes
Terrace: Yes
Features:Jacuzzi, Kitchen Fully Fitted, Parking, Pool - Community, Pool - Private, Spa - sauna
Furnished:Furnished

Off Plan Properties

This development has been planned from conception with the investor in mind. Unlike many, it has been planned with an integrated mortgage and rental guarantee system, thus allowing maximum return and security for buyers.

Guaranteed Rental Income:
Many developments offer this option, however most are only designed to return your own money to you. From our experience we know that the rental market is far from mature, and as such producing a sustainable rental income is difficult. At Vantage Heights a professional management team will be in place to provide a rental service, thus creating an additional income for you that is above and beyond the 5% granteed by contract. The rental payments will therefore come in two parts:

Firstly, you will receive 5% oyour total investment (paid biannually) every year for two years, guaranteed.

Secondly, in addition you will receive an equal share of the total rental income for the complex. This will be based on your apartment type and size and will be subjected to a 25% rtal management fee.

We predict that your total income from rental will be closer to 8% or the first two years. After this time options will be volunteered to continue with a private rental agreement for your apartment.

For buyers who accept the rental guarantee the costs of water and electricity will be covered by us for the duration, however the management fee will still apply.

Access to your property under the rental agreement:
We do not believe in preventing access to your apartment, as such the following simple rules apply to every buyer that opts for the rental guarantee;
* You will have unrestricted access to you property during off-peak times of the year
* During peak season you will be required to give 6 weeks notice
* Usage during peak season will result in deductions from the rental guarantee


Capital Growth:
Whilst it is tough to predict growth for the future, it is a sure bet that this development will increase in value inline with the very best performers in Bulgaria .

Although the market shows no signs of slowing, it is changing. Increasingly the quality of properties is becoming paramount as it determines the success of any future resale or exit strategy. You can rest assured that Vantage Heights will meet your expectations for standards in quality, design, style and comfort.

In essence, we have created a unique holiday home that delivers the best of both worlds by also being a sustainable investment, which is tweaked to give you the greatest financial yield at the lowest possible risk.

Payment Schemes:

To reserve any apartment there is a 1000 Euros reservation fee, after which you can choose from the four payment schemes below.

1. Standard Scheme - Discount 0%
% osigning the preliminary contract
20% wn the building permit is received
30% ocompletion of the foundations
30% ocompletion of the roof
10% otransfer of ownership (minus reservation fee)

2. Investor Scheme 1 - Discount 5%
% osigning the preliminary contract
40% otransfer of ownership (minus reservation fee)

3. Investor Scheme 2 - Discount 10%
% osigning preliminary contract
10% otransfer of ownership (minus reservation fee)

The Apartments:
There will be 190 apartments at Vantage Heights, all are planned in one phase and the doors will open in Spring 2009.

The complex consists of several buildings, the largest of which (Mansion House) houses the entrance lobby, reception and most of the facilities. There are ten other separate buildings which are designed as detached villas, each contain between twelve and eighteen apartments and have a penthouse floor that can be split into two or adjoined as one.

There is a full range of apartments to choose from, sizes below include terraces and common areas:
" Studios from: 32 - 39m�
" One Bedroom Apartments from: 51 -75m�
" Two Bedroom Apartments from: 86 - 170m�
" King and Queen Penthouses from: 75 - 170 m�

Furnishings:
As many of these apartments will be rented there is no room to compromise on the quality of the furnishings, fixtures and fittings. All of the chosen products will need to stand the test of time so it is in everyones best interested to invest in quality from the start.

" All apartments are fully furnished, a choice of packages will be available in the later part of 2007
" Air-conditioning is included
" TV and DVD player are included
" All apartments are finished with fitted kitchens and bathrooms
" All accessories from the bed linen to the roasting dish are included too

Disabled Access:
The main building has been designed with the entrance, lobby, restaurant, top swimming pool and sun terrace all on one level and as such it offers easy access. In addition, Mansion House also has two lifts which will allow wheelchair access to the upper floors. Should it be required we will appropriately modify the doorways and bathroom of your chosen apartment without any additional charge.

Management Fee:
In order to keep the complex in good working order there is an annual management fee of 10 Euros / m� excluding VAT. This covers the costs of heating, lighting, cleaning and maintaining the common areas, which constitutes areas such as the lobby and corridors which are owned collectively by all buyers.

Facilities:
Onsite will be an extensive array of facilities to entertain and relax you, these will include:

Swimming:
760 m� two tiered Swimming Pool
2.7m Waterfall
Childrens Pool
Three external Jacuzzi and sundeck areas

Spa Centre:Turkish Baths,Steam Baths,Saunas,Wraps,Pearl Bath,Whirl Pool,Body and Face Massage,Manicure,Pedicure.

Sports and Leisure:Tennis Court,Squash Court,Basketball,Fully equipped Gym,Full size Snooker Table,Full size Pool Table,Aerobics

Food and Drink:100 seat Restaurant,120 seat Panoramic Terrace,Pool Bar providing snacks and drinks,Lobby Bar

Communications:Satellite Television in every apartment,Wireless, Broadband access,Telephone in every apartment

Other Onsite Facilities:Hairdressers,Bureau de Change,Cash Machine,Doctors Surgery,Conference / Multipurpose room,Underground car parking,General Shop in the lobby
Regular Minibus service to the beach

Nearby:Jeep Safari,Windsurfing,Paragliding,Jet Skiing, Waterskiing,Golf Driving Range,Three 18-hole golf courses

 

Please Enquire For More Details

NOTE: Your enquiry will be emailed directly to the agent who has listed this property. www.property-partnership.com We do not get involved in, and are not responsible for any subsequent contact or negotiations.

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