Buy-to-let apartments in a luxury complex with a park

 
BULGARIA / SUNNY BEACH
Prices from 22 000
  • Location: Bulgaria, Region Burgas, Sunny Beach MAP
  • Development: Holiday residential
  • Unit types: Apartments (various types), Studios, 1-bedroom apartments, 2-bedroom apartments, Penthouses
  • Total number of units:228 
  • Units available for sale:51 PRICE LIST
  • Unit sizes: 36 sq.m – 193 sq.m
  • Unit prices: 22 000 – 185 000 PRICE LIST
  • Prices per sq.m.: 611 – 959 €/sq.m
  • Development status: Completed & operational
  • Date of completion: 2008
  • Ownership: Freehold 
  • Rental return (p.a.): 4-5% (estimated)
  • Capital appreciation (p.a.): 5-6% (estimated)
  • No commission

Complex/building features

  • Sizes of units 36 sq.m - 193 sq.m
  • Total unfolded area of the building/s 27018 sq.m
  • Total area/size of the building/complex plot 10000 sq.m
  • Total number of units 228
  • Type of construction Brick-built / Reinforced concrete structure

Distances

  • Airport 25 km to Burgas (BOJ)
  • Distance to beach resort 700 m

Rental income features

  • Rental demand in the area High,Moderate,Short-term rental
  • Who will rent Expats,Local people,Tourists,Young professionals
  • Unit finishing in order to rent Fully-furnished,Unfurnished
  • Ability to terminate rental agreement Easy
  • Rental management In-house management company
  • Annual rental income 4-5% (estimated)

Exit strategy

  • Resale Possible after completion
  • Easy exit High demand - very easy
  • Resale management/consultant Local estate agent
  • Who will buy Foreign buyers, Local people

*Please note that exit or resale of property depends on market conditions.

Unit/apartment features

  • Furnishing Furnished/unfurnished
  • Bathrooms Fully fitted bathroom, Shower box
  • Flooring in rooms Laminate flooring, Tiled flooring
  • Internal walls Painted walls
  • Heating Air-conditioners / Electrical heating / Solar panels
  • Air-conditioning Air-conditioning system, Standard air-conditioner
  • Windows UPVC window frames
  • Views from units Forest views, Harbour views, Hills views, Mountain views, Park views, Swimming pool views, Views to inner garden

Facilities in the complex/building

  • Communal Elevator, Garden, Lobby, Park, Reception desk, Daily maid service, Ironing services, Laundry and dry cleaning, Room service, Wi-Fi internet in the whole complex
  • Recreational Children's playground, Children's pool, Outdoor swimming pool, Hair and beauty salon, Hydrojet, Jacuzzi, Massage, Medical and spa centre, Sauna, Spa procedures, Steam room, Electric cooker

Additional purchasing costs

  • Total additional costs 5%

*These are the total additional costs that Buyer must pay on top of the purchase price. These include notary fees, stamp duty/local tax, solicitor's fees and may also include other costs that are typical for the country where the property is located.

Capital appreciation (p.a.)

  • Expected price increase of the property* 5-6% (estimated)

*Quote is based on historic facts, market analysis and monitoring of local trends on the market.
*Resale price is fully depending on market conditions. Resale price is not guaranteed.

Ongoing costs and aftersale charges

  • Maintenance charge Not obligatory,
  • Management fee and looking after property Obligatory, 8 Euro/ sq.m excluding VAT per year
  • Keyholding Not obligatory,
  • Accountant Not obligatory,