gated complex of apartments in one of the most exclusive places on the Black sea coast – Kavarna town

Location

Summerland Golf and Beach Club is located in one of the most exclusive places on the Black sea coast - Kavarna town. The development offers incredible and unobstructed sea view. It is located at about 900 metres away from the wide sandy beach of Kavarna, and the straight line distance to the sea is 300 metres. The area is quiet with relaxing nature around, in the boundaries of the town.  The complex is an ideal place for the golf lovers, as it is located very close to the three golf courses, which are in process of construction. Except the exclusive location of the complex, its closeness to the sea and the lovely views, this unique property has still a lot more to offer. During the last few years Kavarna has won recognition as a new and attractive destination at the tourists’ exchanges of Sofia, Berlin, Moscow, Minsk and Kiev. Its sea tourism is a trade mark of Kavarna. The rich cultural and historical heritage of the region is warrant of the exploiting tourism furthering. The municipality possesses rich potential and unused resources for the development of sea vacation tourism. Within the municipality territory three resort zones differentiate – Ikantalaka, Bolata and Roussalka. The annual cultural calendar includes expositions and more than 10 high-carat fests which with no disadvantage measure their value with the festivals of the biggest Bulgarian and even with some of the biggest European cities.

Airport distance Varna Airport- 63 km. Distance from Varna 57 km . 300 m.- Straight line distance to the sea of Kavarna.

Project

The development will host 77 apartments, distributed in four blocks. You can choose from four types of apartments – studios, one- , two-, and three - bedroom. Additionally there will be an underground parking with parking spaces. Each apartment comes with a fully fitted kitchen and air-conditioning.

Construction an standard of finish

Internal walls - plasterboard - latex painted; Floors- laminated flooring or terracotta tiles, Bedrooms - highest quality laminated floorings Bathroom and toilets - Fully fitted with shower cabinet and all accessories, toilet bowl, wash-basin, and the highest quality and latest types of floor and wall tiles, Ceilings- Latex painted, Doors- Solid front door and internal doors of MDF,  External walls- Solid, all covered with insulation for maximum protection and efficiency, Windows - PVC double glazing with internal sealed, Living rooms - Highest quality laminated floorings, Communal Areas - Good standard of finishing throughout
Kitchen areas - Fully fitted kitchen with composite worktops, cupboard units and appliances (fridge, oven, hob, extractor, sink)and terracotta flooring, Additional specifications - All apartments will be equipped with air-conditioners 

Services and amenities

A variety of services and amenities will be offered to the owners of the apartments or the tenants:
- Three swimming pools(two of swimming pools will be constructed in the second part of the complex)
- Restaurant and bar
- Bus to the beach

In the second part of the development, which we will offer you in the autumn, there will be available also:
- Spa centre
- Tennis court
- Mini-golf course

Maintenance

Each complex needs serious and thorough servicing and the maintanance of its common parts where quality and high standards are of key importance. East Management has a highly qualified team of administrative and technical staff combined with a well developed network of servicing and booking offices throughout the country.The experience and scale of the company allow it to offer full quality servicing of the facilities, the infrastructure, the common parts of the building and the individual apartments. For the complex is provided the following:

- 24 hour security of the whole area of the complex and the common parts of the buildings, as well as the parking spaces and garages
- maintenance, painting and repair of the common areas of the building and the complex
- repairs and maintenance of the roads and regulating of all alleys for cars, parking spaces and garage cells
- cleaning and maintenance of the common areas of the building – inner yard and swimming pool
- maintenance and renewal of the green areas within the complex
- maintenance of the electrical, clean water and sewage systems as well as all other instillations and facilities on the area of the complex
- organisation for the collection and payment of the expenses for water and electricity of the common parts
- rubbish collection etc.
- The maintenance fee is 0.68 Euros/sq.m per month (VAT not incl.).

Letting package

Private property management, maintenance and letting services provided:

Among the reasons most people are interested in purchasing property in Bulgaria, is the good rental return of the investment and constant capital growth. Because of the fact Bulgaria gains wider popularity in accordance to both ski and beach resorts and turns into preferable destination for foreign tourists. Real estate properties in Bulgaria have big potential for letting out and hold out prospects for good occupancy and therefore good return of the investment. Important precondition is the integration of Bulgaria to the European Union, which leads to investment in infrastructural improvement, preservation of cultural and historical monuments and development of tourism as one of the most profitable economic sectors. Marketing situation at the moment allows gaining rental return of about 6% first year and 8-10% during the second and next years. This rental return depends on several factors: location of the property, condition (furnishing, reconstructions), advertisement, etc. In relation to the letting of commercial properties and holiday apartments in Bulgaria, The Management Company organizes:

- property marketing and advertising;
- arranging property presentation and advertising including presentation of the property to tour operators and travel agencies;
- full accounting, tax payment and property expenditures;
cleaning and laundry;
- cable television, Internet and telephone installations;
- supply of all necessary licenses and rental documents;
- transportations from and to airports, bus and train stations;
- key management and more.

Property management package

As part of East Management network Summerland Golf and Beach Club will have a first class property management. The annual management fee of 400 Euros per year covers the following services:

- Snagging list for your property after completion (photos included). Co-ordination and arrangements with the developer, inspections, etc, until all problems are fixed.
- Management and maintenance of all relevant documentation.
- Organisation of any and all maintenance required at the apartment, inclusive of regular cleaning, change and laundry of linen, preparation of the apartment for rental, daily cleaning when the apartment is occupied by tourists, etc.
- Regular communication with you the owner in case of any unexpected event, and to produce at your request documentation for any and all expenses made on behalf of the property.
- Organisation and payment of any and all expenses relating to the property to third-party suppliers: eg: bills for power and water supply, cable TV, Internet subscription, cleaning and the general maintenance of the apartment, including repairs and renovation as required etc.
- Web access to the bookings made for your apartment by the tour operator, so you can see the availability for yourself, friends and family, or check your rental income.
- Organisation of the issue of any categorization papers, licenses or similar required by the law for the short-term or long-term rent of the property.
- Organisation and the payment of the annual property tax and waste collection fees (funds must be supplied by the apartment owner).
- Organisation, filling and submission to the tax office of the annual tax statement and payment of any and all tax due by the apartment owner for income relating to rental of the apartment.
- Marketing the property to tour operators and travel agencies for rental to their client base of tourists.
- Reception desk services and dispatch, key services to incoming and outgoing tenants/visitors.
- Registration of the tenants as foreign citizens with the local police station as required by the law.
- Holding funds on behalf of the apartment owner, to be used against outgoings directly related to the apartment or common parts under the terms of the virtual freehold.
- Organisation, book-keeping and the storage and maintenance of all records and received invoices, payment receipts and other documents from third-party service providers, agents, local authorities and tax administration bodies etc.
- Representation of the apartment owner and protection of his/her rights and execution of his/her will before any and all third-party service providers, agents, local authorities, tax administration bodies and tenants etc

Prices and payment

The listed price is for fully finished apartment with built-in kitchen , and VAT is included.

A reservation fee of EUR 1000 holds the apartment for 15 days. It will be deducted from the first installment.  The reeservation deposit is not refundable.

Payment plans

Standard payment plan

- 10 % upon preliminary contract / until 15 days after the reservation/

- 25 % second installment (until 25 days after the reservation )

- 25 % third installment (until 25 days after the reservation )

- 20 % fourth installment ( until 5 months after the reservation)

- 15 % fifth installment ( until 7 month until reservation )

- 5 % upon receiveing of the notary transaction ( Expected in August 2008 ) 

Plan 2 with 5% discount

- 10 % upon preliminary contract / until 15 days after the reservation

- 40 % second installment (until 15 days after the reservation )

- 30 % third installment (until 2 months after the reservation )

- 5 % upon receiveing of the notary transaction ( Expected in August 2008 ) 

Plan 3 /With possible mortgage loan/

-  a deposit of 5 % holds the apartment

- 25 % second installemnt - upon preliminary contract

- third installment 10% or 20 % until 45 days after the reservation

The rest 50 % can be paid at equal installments for 3, 4 or 5 years.

Main advantages of the property
- Excellent location in one of the ancient towns along the Bulgarian Black Sea coast, with rich history, and fast rate of development.
- The region is forming as a golf area, as one of the five biggest golf playgrounds is under construction here, another one also will be located in the vicinity, both of the golf courses are designed by Gary Player, who already purchase his property in here.
- Modern town with excellent facilities
- Good selection of modern shops and cafes, bars and restaurants.
- Summer concerts and events staged each year
- Excellent road links with Varna Airport
- Proximity to the new golf courses
- Located in a scenic area with many places of interest nearby
- Enchanting sea views from the apartments
- A perfect selection of amenities offered in the complex, that will turn your vacation into an unforgettable experience
- Great rental potential
- All apartments are fitted with air conditioners;
- An excellent price policy with possibility to choose the best payment plan
- The apartments will be finished and sold ready to be furnished.

All units are for sale with no comission

The agency charges EUR 480 for attendance at the transaction

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