SOLD OUT Sea Mountain complex in a countryside along the Black sea coast

 
BULGARIA / NEAR SUNNY BEACH / Kosharitsa
Prices from 16 300
SOLD OUT
  • Location: Bulgaria, Region Burgas, in the area of Sunny Beach, Kosharitsa, Kosharitsa MAP
  • Development: Holiday residential
  • Unit types: Apartments (various types), Studios, 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments
  • Total number of units:420  
  • Units available for sale:0
  • Unit sizes: 0 sq.m FLOOR PLANS
  • Unit prices: 16 300 – 48 585
  • Development status: Completed & operational
  • Date of completion: 2007
  • Ownership: Freehold 
  • Rental return (p.a.): 3% (estimated)
  • Capital appreciation (p.a.): 4% (estimated)
  • No commission

Complex/building features

  • Total number of units 420
  • Type of construction High ceilings (over 2.85 m) / Sliding shuttering / Brick-built

Distances

  • Airport 30 km to 
  • Food shop 100 m
  • Hospital 7 km
  • Bus stop 100 m
  • Railway station 38 km
  • School 500 m
  • Closest town - 7 km

Rental income features

  • Rental demand in the area Moderate,Short-term rental
  • Who will rent Tourists
  • Unit finishing in order to rent Fully-furnished,Unfurnished
  • Ability to terminate rental agreement Easy
  • Rental management In-house management company
  • Annual rental income 3% (estimated)

Taxation

  • Annual local tax/council tax (approximate) 30-50€ for apartment
  • Capital gains tax/profit tax on resale 10% if resold before year 3 and 0% if used as a permanent residence and if resold after year 3
  • Tax on rental income 10%
  • Inheritance tax 0%
  • Tax return management Accountant

Exit strategy

  • Easy exit Low demand
  • Resale management/consultant Local estate agent , Stonehard
  • 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
  • Flooring in rooms Tiled flooring
  • Heating Air-conditioners
  • Air-conditioning Air-conditioning system, Standard air-conditioner
  • Windows UPVC window frames
  • Views from units Forest views, Hills views, Mountain views, Sea views, Village views

Facilities in the complex/building

  • Communal Barbeque, Garden, Information, Outdoor parking lot, Reception desk, Safety deposit boxes at reception desk, Internet access, Internet access in the garden, Internet access in the rooms
  • Recreational Children's playground, Children's pool, Outdoor swimming pool, Tennis court, Fitness centre, Football pitch

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* 4% (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.