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Paradise Bay, Sozopol
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Special Promotion - Guaranteed Rental Returns
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Development:
Location: Status: Number of Plots: Completion: Discount: Price Range: Exchange Deposit: Reservation Fee: Paradise Bay
Sozopol Available 59 June 2007 - From Prices from only £21,000 Call us Now Call us Now Features:
* 50m from Beach * 3 Swimming Pools * Open Air Solariums * Seafood Restaurant * Fitness Centre * Beauty Salon * 24hr Security * Car Park |
Development Summary
About The Development
Holiday Complex Paradise Bay, currently being built in the Budjaka area, Sozopol, is situated above the Rayski Zaliv (Paradise Bay). This area is a newly-developed holiday zone in Sozopol, which is a natural continuation of the New Town. According to the concept of the development of this part of the town approved by the Town Council, the percentage of built-up area is up to 20% and the average height of the buildings - up to 4 floors. The idea behind the developments is to preserve the natural holiday environment and unique atmosphere of Budjaka so that to avoid turning it into the usual type of Black Sea holiday resorts with their urban-like high buildings.
The distance from the holiday complex to Harmani - the largest beach of Sozopol, is less than 50 m.
The holiday complex will be opened on 30.06.2007.
Competitive Advantages
Holiday Residential Complex Paradise Bay comprises 3 buildings, designed in Mediterranean style. Two of them - the three-storey Sundance and the four-storey Gentle Wave, are residential, while the third one houses a hotel with a restaurant and on-site facilities.
To ensure the privacy of the owners, the buildings have several separate entrances: Sundance - 2, and Gentle Wave - 4 entrances.
The combination of a hotel + private apartments, together with additional on-site facilities and services, has proved to be ideal for a high quality tourist product. In this way the apartment owners in Paradise Bay are able to enjoy both a cosy seaside home and a capital gain by letting out the apartment as a hotel accommodation.
The Extras:
On-site facilities and services
The Apartments:
The total number of the apartments is 59, situated in six entrances (А and B in Sundance and C, D, E and F in Gentle Wave). The letter in front of the apartment number means the respective entrance the apartment is in. For instance, apartment B1 is situated in entrance B, which is in Sundance building. All of the apartments have balconies with a beautiful panoramic view over the sea and Paradise Bay.
Property & Rental management:
Paradise Bay Holiday Residential Complex has a centralized management which includes:
Property Maintenance and Security Service:
Inlcudes cleaning of the building and common property areas (staircases, corridors), maintenance and cleaning of the green areas around the buildings, the swimming pools and the children’s playground. It also includes All-year-round security service.
The above-mentioned services are compulsory for all owners and the maintenance charge of 5 euro per m², calculated on the basis of the total area of the apartment, is payable once a year for the on-coming period.
Property and Rental Management
A service package including:
* the costs for bills, taxes and insurance are at the expense of the owners.
Our Special Offer:
Free Property and Rental Management for the customers who purchase an apartment and sign a contract for property management with Build Invest Group during the period this Special Offer is valid (until the end of June 2006)!
Apart from that, we guarantee 5 % capital gain for each apartment from rents during the first year of the usage of the apartment (01.07.2006 - 01.07.2007). For instance, if the apartment sale price is 70 000 EUR, the customer will receive a fixed sum of 3500 EUR at the end of the one-year period of usage.
Owners will pay only the on-running costs and bills, the insurance and the resort charge for the apartment while at the end of the one-year period, they will receive a fixed guaranteed sum amounting to 5% of the sale price of the apartment. The owner is in full right to use the apartment at his/her convenience and at any time of the year. In this case, the period during which he/she has used the apartment shall be considered a rental period and the expected income for the period shall be decreased from the sum of the guaranteed income (5%).
After the end of the promotion period (30.06.2006), the services for Property and Rental Management are provided against a commission amounting to 20% of the actual income from letting-out of the apartment.
During the first year of operation of the Holiday complex, Build Invest Group will be responsible for the Property and Rental Management. The idea behind this arrangement is to develop an effective and sustainable system of exploitation and market positioning - key factors for the realization of future income from letting-out. After the one-year period, it is our intention to offer the owners to use the services of a specialized company, which is to take over the entire management of the complex.
Sales Conditions
Reservations to buy an apartment
Customers could make a reservation to buy their chosen property by putting a deposit of 1000 EUR - the amount deposited is subtracted from the amount of the first payment. The customer then has a period of 21 days before he/she signs the preliminary contract and makes the first payment according to the chosen payment scheme.
Payment Plans
In view of providing maximum convenience for our customers and flexibility in their planning of the investment, we offer two different advantageous payment plans:
PLAN А - Standard
15 % - Upon signing the preliminary contract (up to 21 day after the reservation of the apartment)
25% - After completion of rough construction and roof(but not later than 30.10. 2006 )
30% - After completion of plasterwork and installations (but not later than 30.03.2007 )
30% - Upon transfer of property ownership (but not later than 30.06.2007 )
Plan А suggests a lower initial payment. The bulk of the amount has to be paid in the finalizing stages of the construction and upon the transfer of property ownership.
PLAN B - 5 % Discount
50% - Upon signing the preliminary contract (up to 21 day after the reservation of the apartment)
30% - After completion of rough construction and roof(but not later than 30.10. 2006 )
20% - Upon transfer of property ownership (but not later than 30.06.2007 )
Plan B is aimed at investors seeking profit. The major payment in this plan is made upon signing the preliminary contract for sale and purchase. Specifications:
The hotel section of the complex features a number of on-site facilities, which include:
Bathrooms: Italian faience and terracotta tiles; mounted fixtures- wash basin, mono block, accessories, shower and boiler;
Living rooms: Italian terracotta flooring, latex-painted walls, double convertible sofa, coffee table and armchair, television cabinet, dining table and chairs;
Kitchens: Italian terracotta flooring, kitchen cupboards with installed sink and water battery, hotplate and fan-extractor; ( The furnishing and equipment DOES NOT include: oven, fridge, television set, linen, kitchen essential equipment. )
Bedrooms: carpet flooring, latex-painted walls, double bed with mattress, wardrobe, two bedside tables, chest of drawers and mirror.
All the premises have mounted fixtures: lamps, sockets and switches. Each apartment is sold with 1 air-conditioner (in the living room), which is included in the price. Another air-conditioner can be supplied and installed upon request by the customer.
NOTE: Two types of furnishings will be offered to choose from.
The distance from the holiday complex to Harmani - the largest beach of Sozopol, is less than 50 m.
The holiday complex will be opened on 30.06.2007.
Competitive Advantages
- Seafront apartments - with a splendid panoramic view from each apartment over the ancient.
town of Sozopol and St.Ivan’s Island. - An individual beach in a natural rocky cove.
- Fully completed and furnished luxury apartments.
- 5% capital gain from rents for the customers who buy an apartment until the end of June 2006.
- A Holiday complex, consisting of private apartments and a hotel with Property & Rental Management service.
Holiday Residential Complex Paradise Bay comprises 3 buildings, designed in Mediterranean style. Two of them - the three-storey Sundance and the four-storey Gentle Wave, are residential, while the third one houses a hotel with a restaurant and on-site facilities.
To ensure the privacy of the owners, the buildings have several separate entrances: Sundance - 2, and Gentle Wave - 4 entrances.
The combination of a hotel + private apartments, together with additional on-site facilities and services, has proved to be ideal for a high quality tourist product. In this way the apartment owners in Paradise Bay are able to enjoy both a cosy seaside home and a capital gain by letting out the apartment as a hotel accommodation.
The Extras:
On-site facilities and services
The Apartments:
The total number of the apartments is 59, situated in six entrances (А and B in Sundance and C, D, E and F in Gentle Wave). The letter in front of the apartment number means the respective entrance the apartment is in. For instance, apartment B1 is situated in entrance B, which is in Sundance building. All of the apartments have balconies with a beautiful panoramic view over the sea and Paradise Bay.
Property & Rental management:
Paradise Bay Holiday Residential Complex has a centralized management which includes:
Property Maintenance and Security Service:
Inlcudes cleaning of the building and common property areas (staircases, corridors), maintenance and cleaning of the green areas around the buildings, the swimming pools and the children’s playground. It also includes All-year-round security service.
The above-mentioned services are compulsory for all owners and the maintenance charge of 5 euro per m², calculated on the basis of the total area of the apartment, is payable once a year for the on-coming period.
Property and Rental Management
A service package including:
- Providing booking of the accommodation (advertising, negotiations with tour-operators);
- Reception and services for the guests, room-cleaning, laundry;
- Providing information and extra services;
- Permanent contact with the owner with reference to the condition of the property;
- Bill paying ( electricity, water, cable television); *
- Assistance in property insurance. *
* the costs for bills, taxes and insurance are at the expense of the owners.
Our Special Offer:
Free Property and Rental Management for the customers who purchase an apartment and sign a contract for property management with Build Invest Group during the period this Special Offer is valid (until the end of June 2006)!
Apart from that, we guarantee 5 % capital gain for each apartment from rents during the first year of the usage of the apartment (01.07.2006 - 01.07.2007). For instance, if the apartment sale price is 70 000 EUR, the customer will receive a fixed sum of 3500 EUR at the end of the one-year period of usage.
Owners will pay only the on-running costs and bills, the insurance and the resort charge for the apartment while at the end of the one-year period, they will receive a fixed guaranteed sum amounting to 5% of the sale price of the apartment. The owner is in full right to use the apartment at his/her convenience and at any time of the year. In this case, the period during which he/she has used the apartment shall be considered a rental period and the expected income for the period shall be decreased from the sum of the guaranteed income (5%).
After the end of the promotion period (30.06.2006), the services for Property and Rental Management are provided against a commission amounting to 20% of the actual income from letting-out of the apartment.
During the first year of operation of the Holiday complex, Build Invest Group will be responsible for the Property and Rental Management. The idea behind this arrangement is to develop an effective and sustainable system of exploitation and market positioning - key factors for the realization of future income from letting-out. After the one-year period, it is our intention to offer the owners to use the services of a specialized company, which is to take over the entire management of the complex.
Sales Conditions
Reservations to buy an apartment
Customers could make a reservation to buy their chosen property by putting a deposit of 1000 EUR - the amount deposited is subtracted from the amount of the first payment. The customer then has a period of 21 days before he/she signs the preliminary contract and makes the first payment according to the chosen payment scheme.
Payment Plans
In view of providing maximum convenience for our customers and flexibility in their planning of the investment, we offer two different advantageous payment plans:
PLAN А - Standard
15 % - Upon signing the preliminary contract (up to 21 day after the reservation of the apartment)
25% - After completion of rough construction and roof(but not later than 30.10. 2006 )
30% - After completion of plasterwork and installations (but not later than 30.03.2007 )
30% - Upon transfer of property ownership (but not later than 30.06.2007 )
Plan А suggests a lower initial payment. The bulk of the amount has to be paid in the finalizing stages of the construction and upon the transfer of property ownership.
PLAN B - 5 % Discount
50% - Upon signing the preliminary contract (up to 21 day after the reservation of the apartment)
30% - After completion of rough construction and roof(but not later than 30.10. 2006 )
20% - Upon transfer of property ownership (but not later than 30.06.2007 )
Plan B is aimed at investors seeking profit. The major payment in this plan is made upon signing the preliminary contract for sale and purchase. Specifications:
The hotel section of the complex features a number of on-site facilities, which include:
- 3 swimming-pools with an outdoor café-bar;
- Open-air solariums;
- Fish and seafood restaurant;
- Hotel with reception area, tourist agents, Rent-a-car;
- Fitness centre;
- Beauty salon, hairdresser and massage cabins;
- Medical care centre;
- Convenience store;
- Children's game and entertainment area with an animator;
- Car park;
- 24-hour security service and maintenance of apartments, buildings and on-site facilities.
- 35 one-bedroom apartments consisting of: a hall, a living room with a kitchenette, a bedroom, a bathroom with a toilet and a balcony
- 13 two-bedroom apartments consisting of: a hall, a living room with a kitchenette, two bedrooms, a bathroom with a toilet and a balcony. Two of the apartments are maisonettes, in which the bedrooms are upstairs;
- 11 studios - functional one-plan apartments with a built-up area of between 39.35 m² and 48.07 m² , which include a hall, a living room with a kitchen corner, a bathroom with a toilet and a balcony.
Bathrooms: Italian faience and terracotta tiles; mounted fixtures- wash basin, mono block, accessories, shower and boiler;
Living rooms: Italian terracotta flooring, latex-painted walls, double convertible sofa, coffee table and armchair, television cabinet, dining table and chairs;
Kitchens: Italian terracotta flooring, kitchen cupboards with installed sink and water battery, hotplate and fan-extractor; ( The furnishing and equipment DOES NOT include: oven, fridge, television set, linen, kitchen essential equipment. )
Bedrooms: carpet flooring, latex-painted walls, double bed with mattress, wardrobe, two bedside tables, chest of drawers and mirror.
All the premises have mounted fixtures: lamps, sockets and switches. Each apartment is sold with 1 air-conditioner (in the living room), which is included in the price. Another air-conditioner can be supplied and installed upon request by the customer.
NOTE: Two types of furnishings will be offered to choose from.
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