ID 540

The complex is located in Elenite holiday village. This is a holiday village at 10 km north of Sunny Beach, after Sveti Vlas. The village has perfect private beach and all kind of facilities and entertainment.

Layout:

There are 135 apartments - 74 one bedroom, 28 two bedroom, 32 studios of the type hotel bedroom and one 2 level maisonette.

The hotel will be finished in 2008. The apartment owners will have full access to all facilities in the holiday village. Also the hotel will have a pool, bars and restaurants of its own.


Features:
The residential building structure is built of reinforced concrete and Ytong bricks. The outer walls of the buildings are insulated with 5 cm thermo insulation; on top of it there is silicone stucco. The inner walls are covered by plasterboard covering/insulation. Fire-alarm detectors will be installed.
Inside the apartments will offer the following finishing:

entrance hall:

* floor – laminated parquet
* walls – latex painted
* ceiling – latex painted

bathroom:

* floor – terracotta tiles
* walls – faience tiles to the ceiling
* ceiling – suspended
* sanitary equipment – a lavatory pan,
* wash-basin with taps, bath tub with shower
* accessories – hooks, ring, toilet paper stand, toilet brush stand

living room / bedroom:

* floor – laminated parquet
* walls – latex painted
* ceiling – latex painted
* air conditioner (central)
* aluminum window frames

kitchenette:

* floor – laminated parquet
* walls – latex painted
* MDF inner doors
* entrance doors – MDF
* cable TV outlets
* telephone outlets – one or two telephones.

F U R N I S H I N G
Upon client’s request the developer provide furniture pack at the price of 70 EUR/sq. m.
A sample list of the furnishings in 1 bedroom apartment:
Kitchen:
- upper and lower cupboards, sink, taps
- el.devices – middle class refrigerator, electric built-in hob
with 2 plates, extractor fan, microwave oven

Living room (anteroom + balcony):
- one dining table, four chairs
- 2-seats extensible sofa, one armchair
- one coffee table
- TV cabinet
- suitcase rack / wall hooks
- plastic table for the balcony
- two plastic chairs

Bedroom:
- two beds, two mattresses, head board
- two bedside cabinets
- 2- section wardrobe
- one dresser with mirror
- one chair

Facilities:

Since the complex is located in Elenite holiday village all facilities of the village, in immediate or close proximity to the hotel, are available to the apartment owners:

 * Over 10 restaurants with national and international food
 * Cocktail and night clubs
* Medical center
* Kindergarten and playground
* Children pool
* Swimming pools
* Aqua park Atlantida
* Surf club
* Parachute and Jet Ski
* Horse-riding club
* Tennis courts
* Mini golf
* Fitness and SPA with Indonesian massage
* Turkish bath and sauna
* Internet club
* Art gallery
* Amphitheatre
* Helicopter landing place
* Free electro mobiles
* 10 min car ride from Sunny Beach
* 30 min car ride from Bourgas Airport

Maintenance:

The Seller shall undertake the maintenance of the residential complex and the Buyer shall pay for this an annual fee to the amount of 8 Euros (VAT not included) per square meter. This fee includes maintenance and cleaning of the communal parts of the building – entrances, corridors, stairs, roof, and green areas around the building; lightening of the communal parts and outside area, elevators, and security. The fee is annual and is paid once every year in the month of April, starting 2008.

Services based on annual maintenance charge:

* Maintenance of the complex area
* Maintenance of the common parts of the building
* Maintenance of the lawns in the complex
* Security guard throughout the whole year
* Lightning of the common parts of the complex
* Lightning of the common parts of the building
* Organization of sanitary – hygienic service of the complex and the common parts of the building
* Maintenance of the lifts

Services based on supplementary fees:

* Rental management
* Cleaning of the apartments
* Repairs in the apartments
* Airing, maintenance of the premises when the owner is away


Rental Management:

If the apartment owners would like to rent their properties out, rental management is provided.
Since the apartment sections are part of bigger hotels we can rent them out through the same reservations department that operates the hotels. We sign rental contract for the active summer tourist season; we withhold 20% of the rental income as a tourist management fee, and electricity and water consumption are included in these 20%.

In case that the apartment owner wants his apartment rented out he must provide a standard equipment package (that meets the tour operators’ requirements for accommodation of tourists in the apartments on self-catering basis). We could engage and provide the package for him for additional price of 1000EUR.

Complex completion: Autumn 2008

Price:
Prices from 47 396 EUR

Payment plan:
1000 EUR reservation fee – in the moment of reservation;
30 % of the sale price – upon signing of a preliminary sale agreement, within one calendar month from the payment of the reservation fee.
40 % of the sale price – within 3 months form the payment of the deposit.
30 % - the rest of the price – within three months from the payment of the second installment, at the transfer of ownership;

There is an option for an individual payment plan for each particular client. Please, contact us for a flexible payment scheme.

1000 Euros reservation fee – in the moment of reservation;
30 % of the sale price – upon signing of a preliminary sale agreement, within one calendar month from the payment of the reservation fee.
The remaining 70% can be paid in as many installments as the buyer prefers, within 1 calendar year from the deposit;

The buyer can set the number of the installments, the dates and the amounts himself. However in this case we request that the last installment is no bigger than 15%; at the transfer of ownership.

Other details:

Notary transfer fees – 3%

Note:
The prices are formed provided that the ownership transfer is carried out as per tax valuation. In case the Buyer wants the property to be transferred as per its selling price the latter pays through the seller the value added tax calculated over a basis formed as a difference between the tax valuation and the selling price of the property. If such is the case, the Buyer pays the whole increased amount of the costs on the property transfer as per notary order over the due ones for transfer as per tax valuation.

NO commision from the buyer

The apartments’ areas include common parts.