SOLD OUT Holiday apartments in the most vibrant Bulgarian Black sea resort

 
BULGARIA / SUNNY BEACH / At 300 m from the beach
SOLD OUT
  • Location: Bulgaria, Region Burgas, Sunny Beach, At 300 m from the beach MAP
  • Development: Holiday residential
  • Unit types: Apartments (various types), Studios, 1-bedroom apartments, 2-bedroom apartments
  • Total number of units:31  
  • Units available for sale: 15 (48%) PRICE LIST
  • Unit sizes: 42.39 sq.m – 120.62 sq.m FLOOR PLANS
  • Development status: Completed & operational
  • Date of completion: July 2008
  • Ownership: Freehold 
  • Rental return (p.a.): 4% (estimated)
  • Capital appreciation (p.a.): 5% (estimated)
  • No commission

Complex/building features

  • Sizes of units 42.39 sq.m - 120.62 sq.m
  • Total number of units 31
  • Total floors 6
  • Type of construction Reinforced concrete structure / Brick-built

Distances

  • Airport 15 km to Burgas (BOJ)
  • Distance to beach resort 300 m
  • Closest town Bourgas - 25 km

Rental income features

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

Taxation

  • Annual local tax/council tax (approximate) 50-100ˆ 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 Moderate
  • Resale management/consultant Local estate agent , Stonehard
  • Who will buy Foreign buyers

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

Unit/apartment features

  • Finishing turn-key, furnished
  • Furnishing Fully furnished
  • Bathrooms Fully fitted bathroom
  • Flooring in rooms Laminate flooring, Tiled flooring
  • Internal walls Painted walls
  • Heating Electrical heating / Air-conditioners
  • Air-conditioning Standard air-conditioner
  • Windows UPVC window frames
  • Views from units Swimming pool views, Town views

Facilities in the complex/building

  • Communal Elevator, Information, Lobby, Outdoor parking lot, Park, Reception desk, Boutique shops, Internet access, Internet access in the rooms
  • Recreational Children's pool, Outdoor swimming pool, Fitness centre, Massage, Medical and spa centre, Hair and beauty salon, Sauna, Solarium
  • Commercial Cafe, Lobby bar, Restaurant

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% (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 Obligatory, 10 Euro per sq.m. per year