Project Information
The development, now under construction, is situated only 25 minutes from Varna International Airport and next one of the most prime Real Estate locations in Bulgaria, Rogachevo Village. The Spa Resort of Albena is close by, the well established Golden Sands ten minutes away and the newly built PGA golf courses fifteen minutes up the coast. The popular Balchik Marina is also only ten minutes drive from the site.
Our development consists of luxury apartments within a secure gated community. The fully maintained site offers stunning coastal views, contemporary swimming pool, secure underground car parking, 24 hour security, gymnasium and three whirl pool spas. All apartments come with fully fitted kitchens, floor to ceiling glass, spacious balconies and air conditioning. Key Development Facts
• Low deposits with nothing to pay until completion • 2 year guaranteed rental packages on selected apartments • Prime Bulgarian Real Estate location • Developers due diligence certification from Goldsmith Williams & St James Partnership • Stunning panoramic and sea views, unique apartment design • Close to PGA Standard golf courses • Proposed new golf course next to Albena resort, just minutes from the site • Close to established resorts of Golden Sands and Balchik Marina • 25 minutes from Varna International Airport • Low initial deposits, no stage payments • Excellent rental potential and high capital growth • Buyers have unique land ownership giving them more control and peace of mind • Fully maintained site, services including airport collection, cleaning, site maintenance • Flexible Bulgarian mortgages available of up to 70% LTV • Legal service and Tax advice available • Fully fitted kitchens included • 10 year structural guarantee • Land ownership featured in Channel 4’s A Place in the Sun magazine • 5* Viewing trips • Completion December 2008
Key Bulgarian Investment Facts
• Tourism figures up by 30% since 2007 • Still one of the most dynamic property markets in Europe • Billions or Euros invested into the infrastructure of new highways and airports • Proposed investment into Formula One circuit and more new championship golf courses • Bulgaria topped house price growth table for 2008, according to BBC website • The Balchik Regatta generated new investment into the area, the first of its kind in Bulgaria • Turnover for Tourism reached €3.75 billion in 2007 • 220km of Blue Flag beaches • Low cost of living offering luxury lifestyle at affordable prices • Direct flights from UK airports, BA, Thomson, Balkan Air, Thomas Cook, First Choice, Bulgaria Air • New Easyjet, Ryan Air and Monarch routes planned for 2009 • Bulgarian mortgage system similar to UK • Only 3.5 hour flight from UK • Over 300 days of sun per year
Excellent Investment Opportunities • Property investors achieving a capital growth of up to 30% • Start to generate high rental income on completion of your ‘buy to let’ property in Bulgaria • Excellent rental income and rental packages available • High rental yields could be an immediate supplement to your pension planning giving a lucrative second income on completion of your property • Significant investment programme for improvement to airports and road networks • EU’s newest member • Now a member of NATO • Bulgarian Leva already pegged to the Euro • Fastest growing tourist destination in Europe • Bulgarian mortgages now available “Bulgaria topped the table for worldwide house price growth in 2007” – BBC NEWS WEBSITE
“Bulgaria offered excellent value for money for foreign investors” - CH4 A PLACE IN THE SUN Why Bulgaria?
• Offers around 300 days of sunshine a year • 220km of Blue Flag Beaches • Gary Player designed PGA standard golf courses set in beautiful surroundings • All round value for money from restaurants to sporting activities Whether it’s long lazy days on the beach, walking through the stunning countryside or absorbing the rich culture and history, Bulgaria has something for everyone.
The developer offers investment opportunities to suit all budgets, with UK based support every step of the way.
• Offices in the UK and Bulgaria with local staff based on the Black Sea Coast • Professional advice on arranging finance and equity release from your own home • Full after sales service including cleaning, airport collection and car hire • Exclusive contract giving land ownership • Full Interior design and quality furniture packages available • A high spec fitted kitchen is included in the sale price • Bulgarian lawyer and legal support service The Ideal Location
We have carefully selected our development site to achieve maximum capital growth and rental income year after year. • Stunning coastal views • Within easy reach of both the airport and the vibrant city of Varna • Adjacent to the spa resort of Albena and bustling family resort of Golden Sands • There is an abundance of quality bars and restaurants nearby • Close to newly developed PGA standard golf courses, designed by Gary Player and a well established equestrian centre • Sports & Leisure activities such as go-karting, horse riding, tennis, jeep safari, yachting, jet skiing and sub-aqua diving
- Exclusive Land - Ownership - Luxury Inspection - Tour - Our luxury inspection tours are available throughout the summer period. - Advisors from our UK and Bulgarian offices will accompany you during your visit and will be on hand to answer any questions you may have. - During the luxury tour, you will have the opportunity to visit The White Coast - Development site, the nearby resorts of Albena and Golden Sands, as well as experiencing the warm Bulgarian hospitality. A typical inspection tour consists of: • Return flights to Bulgaria • Luxury accommodation • Complimentary meals in quality restaurants • Fully accompanied tour of the local area and The White Coast Development Site • Air conditioned transport in Bulgaria The cost of the all inclusive tour is £250 “Bulgaria is emerging as this year’s hot destination for British tourists” - SUNDAY TELEGRAPH
“Bulgaria is already one of the top three best-selling holiday destinations” - THOMSON HOLIDAYS Specifications
What Other Costs Can I Expect? Purchase and Maintenance • With payment one you will pay a 2% arrangement fee • Approximately 3% of the purchase price will cover the solicitor and notary fees • Maintenance costs are approximately £8 per week which include - • 24hr security and refuse disposal • Garden & pool maintenance • Lighting to secure car park, garden area and pools The above costs are normally covered by your rental income. Construction
• Steel reinforced concrete and double glazed sealed units • X2 reinforced concrete stairwells per block to EEC standards of fire protection • High specification of sound insulation Air Conditioning
• Ducts fitted for hot and cold air conditioning units which can be installed as part of the furniture package Floors • Kitchen area - non-slip ceramic tiles • Lounge / Dining / Bedroom – Cream non-slip ceramic tiles Electricity
• Television aerial connections in living room and main bedroom • Safety trip switches • Double sockets in all rooms including kitchen • All sockets and switches in a brushed steel finish Kitchen
• High quality fitted kitchen with oven, hob and smoke extractor all included in the purchase price Décor • Internal walls finished in Antique White • Door handles with brushed steel finish Various
• Electric security barrier at development entrance • Communal car parking area to rear of development • Smoke detector in all apartments • Landscaped gardens with automatic irrigation system • Electric lighting to car parking areas • Electric lighting to external stairwells • One electric lift per block • Communal swimming pool and 3 whirlpool spas • Fully equipped gymnasium • Satellite TV receiver to each block • 24 hour security • High quality bathroom suites with wet room style shower Rental Income
The investor company can introduce you to select rental management companies who offer various rental packages, including Holiday Lettings UK, the UK’s No.1 holiday homes website. Upon completion, the investor will also supply each individual owner with a self marketing pack. This will assist owners in generating even more rental income. Each apartment will be supplied with an information pack containing local information. E.g. quality restaurants, golf courses, equestrian centre, taxis, blue flag beaches and other useful amenities. Our local office in the nearby city of Varna is also on hand to give further assistance and advice should it be required, including airport collection, cleaning of apartments and key holding service etc.
Completion date December 2008
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