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Ref No. Sol240108    
Located in: Sunny Beach, Bulgaria




Key Points

  • 2 Year rental gaurantee at 6% per annum
  • 180 metres to the beach
  • Fitness and Spa Facilities
  • Bar and Restaurant
  • 35 Minutes to Bourgas Airport


Prices From: 36,500.00 EUR

       
       
  • Description
  • Investment Projection
  • Area Info
  • Prices And Availability
  • Images
  • Floorplans

This development offers a 2 year guaranteed rental option at 6% per annum!!!
The development offers a selection of studios, 1 and 2 bedroom apartments with excellent in prices from only 37,000 euros. With its strategical location in the most famous of all Black Sea coastal resorts Sunny beach, the site benefits from both sea and mountainous climate patterns and scenery, making your stay there an unforgettable one. The complex its self offers a bar and restaurant, pool, gymnasium, sauna, massage room and free bus service to Sunny Beach. Some of the apartments have sea views, others mountain and the rest over look the pool which is centrally located between the two blocks.

You will be charmed by the fascinating sea view from one side and the gorgeous mountain slopes from the other. The beach line is only 180 meters away from the complex. These natural conditions are perfect for you and your family's healthy relaxation.The SolyMar complex presents a wonderful combination of marvellous apartments with standardized designs and exquisite architectural style as each apartment radiates with its own unique atmosphere.

The complex is located in a nice, calm area where you can enjoy the peace and quiet you always dreamed of and at the same time having all the amenities available, which the best Bulgarian sea resort can offer. The project is situated in the northern part of the most popular, attractive and attended Black Sea resort Sunny Beach, in immediate proximity to the sea shore.

Investment Projection
Bulgarian properties, especially those located in resort areas have enjoyed excellent capital growth over the last few years. Tourism has seen an increase this year already and the newly expanded Sofia Airport has already reached it’s capacity nearly 2 years early. (information from Sofia Echo)

Potential Capital Appreciation per annum 14.00% Conservative estimate from various published sources

Potential Rental Income per annum 6.00% for the first 2 years. Additional prediction for following years of 10% returns based on 45,000 EUR apartment over 20 weeks at 230 EUR per week.

Building and Payment Schedule
Building works should commence late September 2007 and will be complete by December 2008 To reserve an apartment a deposit of 3,000 EUR is required.
30% payable within 14 days of signing preliminary contract (usually within 6 weeks of reservation)
20% payable at roof level estimated late January 2008.
25% payable on act 15.
25% payable on act 16.

The SolyMar development comprises of 44 individual apartments. 21 studios, 15 one bedroom and 8 two bedroom apartments and attractive landscaped gardens.

The list of materials used for the construction are:
Reinforced concrete, thermo-insulated load carrying elements including pillars, plates and outside walls, guaranteed quality of construction materials in compliance with the Bulgarian Governmental Standard, reinforced steel construction, hydro and thermo insulation on foundations and roofs, brick masonry walls and reinforced concrete plates, windows - four chambered aluminum joinery with three layered glass-package, the staircase and common parts of the buildings are constructed with high quality luxury materials.

Apartment layout:
- bedroom: carpet flooring, latex coating on the walls;
- living room: laminate inlaid flooring, latex coating on the walls;
- bathrooms: terracotta flooring, sink, toilet seat, shower cabin;
- corridors: carpet flooring, latex coating on the walls;
- telephone and cable TV lines installed;
- air conditioning.

Managment services include:
Common areas of the property maintenance:
corridors (cleaning, electric lighting, carrying out repairs), staircase: (cleaning, repair), elevators (repair), lobby (cleaning, carrying out repair, reception functions, errand-boys).24-hour security, doorkeeper, swimming pool - keeping in repair and right of use free of charge, Sidewalks: cleaning, parking - Apartment owners possess individual space in the parking lot.

The information below is to help you see at a glance how investing in a “Buy to Let” property can not only cover your expenses but make you money both in rental income and capital growth. This information is based on an average type of apartment, rented for only 26 weeks of the year and at a low weekly rent in a Bulgarian resort. Working on these figures you should be able to achieve rental targets and financial rewards.


Studio Apartment
Purchase Price 45,000 euros
Purchase Costs 2,000 euros
Furniture Pack 4,000 euros
Total Outlay 51,000 euros


Year
1st
2nd
3rd
4th
5th
6th
7th
8th
9th
10th
                     
Rental Income with 7% increase PA
9100
9737
10418
11147
11928
12763
13566
14612
15635
16730
Maintainance with 10% increase PA
350
385
423
465
512
564
620
682
750
825
Management Service at 10%
910
973
1041
1114
1192
1276
1356
1461
1563
1673
Water + Electric
900
900
900
900
900
900
900
900
900
900
New Furniture Pack
     
5000
     
6000
   
                     
Balance At Year End
6940
7479
8054
3668
9324
10023
10690
5569
12422
13332
                     
Total Banked
6940
14419
22473
26141
35465
45488
56178
61747
74169
87501
                     
Capital Growth Based on 14% PA
51300
58482
66669
76003
86643
98773
112602
128366
146337
166824

Total Return on Investment Over 10 years 254,325 euros
(87,501 euros Rental Income, 121,824 Capital Growth, Initial Purchase Price 45,000)


With A Mortgage of 70% based on the interest rate of 6.75
Mortgage Term: 10 Years
Interest rate: 6.750%
Loan amount: 31,500.00 euros
Total Outlay 361.70 euros a month


Year
1st
2nd
3rd
4th
5th
6th
7th
8th
9th
10th
                     
Rental Income with 7% increase PA
9100
9737
10418
11147
11928
12763
13566
14612
15635
16730
Maintainance with 10% increase PA
350
385
423
465
512
564
620
682
750
825
Management Service at 10%
910
973
1041
1114
1192
1276
1356
1461
1563
1673
Water + Electric
900
900
900
900
900
900
900
900
900
900
New Furniture Pack
     
5000
     
6000
   
Mortgage Repayments
4340
4340
4340
4340
4340
4340
4340
4340
4340
4340
                     
Balance At Year End
2600
3139
3714
-672
4984
5683
6350
1229
8082
8992
                     
Total Banked
2600
5739
9453
8781
13729
19412
25762
26991
35073
44065
                     
Capital Growth Based on 14% PA
51300
58482
66669
76003
86643
98773
112602
128366
146337
166824

Total Return on Investment Over 10 years 210,889 euros - Deposit and Costs Paid 19,500 euros
(44,065 euros Rental Income, 121,824 Capital Growth, Initial Purchase Price 45,000,)

The beautiful Sunny beach resort is the largest on the Black Sea Coast and has the longest and widest beach. Situated 35km north of Bourgas and 95km south from Varna Sunny Beach features a warm sea with a gently sloping sand bottom and approx 1,700 hours of sunshine, through the season from May to October. Awarded the prestigious Blue Flag international prize for proven ecological advantages, The Sunny Beach resort consisting of more than 100 hotels, 2 campsites and over 130 restaurant establishments, bars, night clubs, and casinos the resort provides a good time for everyone.

Alternatively if sport is your thing this sunny resort can cater for you too. With surfing, water skiing, sailing, tennis courts, beach volleyball, mini golf, bowling, riding ground and many other sports facilities available there will be plenty to keep you busy.

There are also plenty of activities for the kids, Fun and Games a plenty, children’s pools, slides, Carting and with the new water park just a few minutes down the road there’s plenty to keep them occupied.

Many local activities go on throughout the year, with the Golden Orpheus International Festival of Bulgarian Pop Songs, Folklore and Symphony concerts, Miss Sunny Beach Contest etc.

Why Invest in this Location?
Falling unemployment
One of the lowest costs of living in Europe
Recently entered in to the EU
Government is committed to increasing tourism and foreign investment
The mountains offer skiing in winter and glorious walking, climbing and outdoor pursuits in summer
Tourism sector has flourished in recent years, leading to an increase in demand for accomodation
Increase in foreign direct investment - new hotels being built & renovated
Property is very affordable compared to EU standards
Economy is stable and thriving
Huge tourism growth potential
"Blue Flag" Beaches along 354km of Black Sea coast
Short flight times from Europe
Considered one of the most rapidly advancing countries in Europe


Click The Apartment Number To View Floorplans
Apt No.
Block
Floor
Type
Beds
Baths
Built m²
Communal m²
Price
Status
A1
A
1
Apartment
Studio
1
34.79 m²
3.38 m²
40,914.00 EUR
Available
A2
A
1
Apartment
2
1
93.56 m²
7.63 m²
110,026.00 EUR
Available
A21
A
1
Apartment
Studio
1
37.26 m²
4.10 m²
43,818.00 EUR
Available
A3
A
1
Apartment
1
1
72.50 m²
5.56 m²
85,260.00 EUR
Available
A4
A
2
Apartment
Studio
1
35.13 m²
3.45 m²
0.00 EUR
Sold
A5
A
2
Apartment
2
1
89.26 m²
8.74 m²
104,969.00 EUR
Available
A6
A
2
Apartment
1
1
67.70 m²
6.57 m²
79,615.00 EUR
Available
Bistro
A
2
Other
0
0
211.23 m²
23.90 m²
221,792.00 EUR
Available
A10
A
3
Apartment
Studio
1
36.66 m²
4.48 m²
43,112.00 EUR
Available
A11
A
3
Apartment
2
1
91.57 m²
11.29 m²
107,687.00 EUR
Available
A12
A
3
Apartment
1
1
69.85 m²
8.54 m²
82,144.00 EUR
Available
A7
A
3
Apartment
Studio
1
47.70 m²
5.73 m²
0.00 EUR
Sold
A8
A
3
Apartment
Studio
1
45.73 m²
5.30 m²
0.00 EUR
Sold
A9
A
3
Apartment
1
1
79.11 m²
9.42 m²
93,034.00 EUR
Available
A13
A
4
Apartment
Studio
1
47.70 m²
5.73 m²
56,095.00 EUR
Available
A14
A
4
Apartment
Studio
1
45.73 m²
5.30 m²
53,779.00 EUR
Available
A15
A
4
Apartment
1
1
79.11 m²
9.42 m²
93,034.00 EUR
Available
A16
A
4
Apartment
Studio
1
50.08 m²
5.43 m²
58,894.00 EUR
Available
A17
A
4
Apartment
1
1
75.75 m²
7.94 m²
89,083.00 EUR
Sold
A18
A
4
Apartment
Studio
1
67.76 m²
6.47 m²
79,685.00 EUR
Available
A19
A
5
Apartment
1
1
90.85 m²
4.81 m²
106,840.00 EUR
Available
A20
A
5
Apartment
2
1
204.11 m²
11.36 m²
240,034.00 EUR
Available
B02
B
1
Apartment
studio
1
32.93 m²
3.04 m²
37,769.00 EUR
Available
B03
B
1
Apartment
1
1
69.20 m²
6.44 m²
79,422.00 EUR
Available
B1
B
1
Apartment
studio
1
31.38 m²
3.19 m²
36,299.00 EUR
Available
B2
B
1
Apartment
2
1
84.69 m²
7.27 m²
96,831.00 EUR
Available
B3
B
1
Apartment
1
1
66.29 m²
5.35 m²
75,222.00 EUR
Available
B5
B
2
Apartment
studio
1
32.93 m²
3.04 m²
37,769.00 EUR
Available
B6
B
2
Apartment
1
1
69.20 m²
6.44 m²
79,422.00 EUR
Available
B7
B
2
Apartment
studio
1
32.05 m²
3.34 m²
37,160.00 EUR
Available
B8
B
2
Apartment
2
1
80.47 m²
8.41 m²
93,324.00 EUR
Available
B9
B
2
Apartment
1
1
61.32 m²
6.40 m²
71,106.00 EUR
Available
B10
B
3
Apartment
studio
1
41.97 m²
5.46 m²
49,802.00 EUR
Available
B11
B
3
Apartment
studio
1
40.43 m²
5.26 m²
47,975.00 EUR
Available
B12
B
3
Apartment
1
1
69.69 m²
9.25 m²
82,887.00 EUR
Available
B14
B
3
Apartment
2
1
80.28 m²
10.86 m²
95,697.00 EUR
Available
B16
B
4
Apartment
studio
1
41.97 m²
5.46 m²
49,802.00 EUR
Available
B18
B
4
Apartment
1
1
69.69 m²
9.25 m²
82,887.00 EUR
Available
B19
B
4
Apartment
studio
1
44.65 m²
5.18 m²
52,322.00 EUR
Available
B20
B
4
Apartment
1
791
67.08 m²
8.22 m²
79,821.00 EUR
Available
B22
B
5
Apartment
studio
1
86.13 m²
5.06 m²
94,700.00 EUR
Available
B23
B
5
Apartment
2
1
148.70 m²
9.47 m²
166,079.00 EUR
Available
B24
B
5
Apartment
studio
1
53.60 m²
4.19 m²
60,680.00 EUR
Available