In connection with the rapidly developing environment in the world (political and economic), investing in real estate is one of the least risky methods of investing. The Republic of Bulgaria, as a member of the European Union, benefits from the economic growth of the eurozone countries, and in particular, stable growth contributes to the increase in property prices. The tense political situation in Turkey and the Arab countries, which in the past occupied the leading positions in the ranking of the directions favored by tourists, leads to an increase in the tourist attractiveness of Bulgaria. Statistics show an increase in the influx of holidaymakers by 9% in 2017 and the expected growth of an additional 8% in 2018. The interest in renting real estate on the coast has grown strongly since 2017 due to the fact that airline companies Ryanair, Jet 2 and others began flying to Bourgas from April to October.
Sunny Beach is the largest resort on the Bulgarian coast and has long been the most popular destination for lovers of an interesting and useful holiday. Its geographical location and natural relief (located in the bay and has a large sandy beach with a length of 7 kilometers) contributed to an increase in the number of holiday complexes by 4 times in the last 20 years.
The main markets for tourists are Russia, England, Germany, Poland, Czech Republic, Romania, Turkey, Netherlands and Bulgaria.
Sunny Beach is 35 km away north of the city of Burgas and 25 km. from its international airport. In 2018, the construction of a high-speed road to the airport was completed and the transfer will take only about 20 minutes. Sunny Beach is bordered by the city of Nessebar, the historical part of which is under the protection of the international organization UNESCO, as well as with the town of St. Vlas, which is the most elite resort town of the Bulgarian coast.
The site on which the apartment hotel will be built is located in the heart of Sunny Beach, about 800 meters from the beach, it has a rectangular shape and is located immediately on two streets. All necessary documents are available for starting the design of the building. The maximum building factor for Sunny Beach is 1.9 (on the site it is possible to build a building with an area of up to 4750 sq.m.)
The area has a new infrastructure – asphalt roads, parks, grocery stores, pharmacies, gardens, street
We offer investors to take part in the construction of a three-star apart-hotel in the above-mentioned area.
Why an apart-hotel? The thing is that this is an ideal combination between the hotel and the apartment complex and makes it possible to avoid restrictions when constructing an ordinary hotel. In addition, it is an opportunity to sell each apartment separately. The future delivery of the property will be organized by our company in partnership with the leading travel agency in Bulgaria.
The period from the beginning of construction to the end of the project is 20 months (to be completed by the beginning of 2020 season).
The complex will consist of 89 apartments with an average area of 50 sq.m( 17 studios, 20 two-bed apartments and 51 one-bed apartments). On the territory of the complex will be a restaurant, reception, utility room for cleaners, 24 hour security, shuttle bus to the beach, etc.
The shape of the plot allows you to make a pool with a length of 30 m., play area for children, as well as parking for homeowners. The project will be well landscaped and garnered with more than 30 types of plants.
Apartments in the complex will be handed over to customers with finished repairs, furniture ( on option for renting out) and finishing on a turn-key basis.
Maintenance fee will be 10 euros per sq.m per year.
We offer the subsequent management of real estate, renting or secondary sale.
Beginning of construction on 10/15/2018. – The completion date of construction is 20 months.
For investors we can offer special deals.
Payment plan:
10% deposit for booking an apartment
40% payment on account at the beginning of construction
25% payment at the end of rough construction, which is scheduled for May 2019
25% payment upon delivery of the building in May 2020
The net profit from the lease will be 4-6% taking into account the payment of all taxes and utility charges. In the first year, profit is expected in the region of 3.5-5%. The difference in the percentage of profit is explained by different layouts of the same type of apartments.
The main advantage of investing in an apartment hotel is the opportunity to benefit at the same time from rising real estate prices and a regular income from renting apartments, while having the opportunity to sell them at the right time.
EMILIA ROMANA HOMESTYLE – Sunny Beach
