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Property N SPBS0423: Apartments for sale in Sunny Beach, Bulgaria
"Diamond Bay" is located at the Western part of the biggest resort on the Black sea coast, Sunny Beach. Only 150 m. from the beach. The Diamond Bay Apartment resort consists of 4 sections, each with elevator to all floors, swimming pool, bar, restaurant, garden area, parking lot,. Due to its excellent location, distinctive architecture, and superb infrastructure, Diamond Bay Apartments will offer an excellent holiday destination with high occupancy. Diamond Bay Apartments offer a number of luxury amenities, which will make this development a fantastic place to stay. Highlights and on-site facilities: - 114 luxury apartments - Easy access to wide sandy beach (150 m) - 17 miles from Burgas International Airport - Three payment plans to choose from - Air-con, cable TV, telephone and Internet as standard - Three entrances, each with own elevator - Restaurant - 2 health clinics - Swimming pool with Jacuzzi and children’s pool areas - Pool bar - Landscaped communal areas - Controlled entry and 24 hour security - Furniture packs available at an additional price ( include installation ) - Fantastic investment opportunity The Developer will provide on-site management to ensure the maintenance of high standards and there will be a rental management package to allow customers to benefit from rental income. The rental service will also offer Bulgarian properties for sale and this will assist with secondary market, i.e. re-sales, as happy visitors to "Diamond Bay"may wish to purchase. High capital appreciation and rental opportunities will be due to excellent location, distinctive architecture and superb infrastructure, "Diamond Bay"offers an excellent holiday destination for the operators and high occupancy. Maintenance ( service )charges for "Diamond Bay"apartment owners are estimated to be in the region of 6.00 Euros per square meter per annum. Separate maintenance agreements will be signed with all owners upon completion. The charge will cover cleaning of the communal parts, maintenance, electricity and lighting of the communal parts of the buildings, swimming pools and exterior, gardening and landscaping, controlled entry and security. "Diamond Bay"apartments are sold off-plan on a share-of-freehold basis and a purchase contract (in both English and Bulgarian) will be signed between the developer and the buyer for each property sold. There is no need to form a Bulgarian limited company to purchase an apartment in this development. It is also not necessary to visit Bulgaria in order to reserve an apartment or sign the preliminary contract. However, buyers must be presented in person for the transfer of ownership or appoint their representative through a power of attorney. Tax Evaluation The Bulgarian property system uses Notaries and a Notarial deed in order to transfer real estates ownership. Upon completion of the property and prior to signing the Notarial Deed, the local municipal council conducts a tax evaluation of each property. Tax evaluation rates vary by municipality across Bulgaria but in general range from 30-40% of the full market value. This valuation represents the minimum value that must be reflected on the Notarial Deed. In most cases it is this value that appears on the Notarial Deed in property transactions in Bulgaria. When an individual comes to sell a property in Bulgaria, the same system works, with a tax evaluation prior to the Notarial Deed. Other charges and fees The buyer will be responsible for all costs, fees and taxes related to the legal transfer of ownership by a Notarial Deed (legal and notary fees, local taxes, stamp duty etc.) The costs associated with any travel or related arrangements, professional advice undertaken by a third party (with your permission), legal costs, and all other third party costs and fees related to any actual property purchase or for the actual procurement of goods or services of any kind will be to your own account. Holiday apartment complex "Diamond Bay" Stage of completion Living rooms and kitchen areas- terracotta tiled floors, walls and ceilings-emulsion paint. Kitchen units optional, not included in the price. Bedrooms: laminated floors, walls and ceilings emulsion paint. Service rooms ( bathrooms/toilets )- terracotta tiled floors, ceramic tiled walls ( to the ceiling ) and equipped with a shower cabin, shower bowl, sink, mixing tap, 80- litre electric boiler, hairdryer, ventilator and bathrooms/toilets accessories. Hallways – terracotta tiled floors, walls and ceilings- emulsion paint. Balconies – artificial stone tiled floors. Air- conditioning- dual (winter/summer), one unit in every room. Interior plumbing – with PVC pipes, with a water meter. Interior electrical installations – completed, with a consumer unit and electricity meter, power outlets, light switches, fittings, telephone and cable TV