Apartments for sale in Kosharitza - ID 3577

DESCRIPTION
Architecturally one of the most beautiful developments on the Bulgarian seaside, this holiday village combines a picturesque location with traditional architecture and modern interior design. With excellent rental potential these properties are a unique opportunity to invest early in the rapidly growing Bulgarian property market. Still this complex is perfect for a holiday or second home. This holiday complex is located in a small quiet village on the outskirts of the Stara Planina Mountain just two miles Northwest of Sunny Beach (the most popular resort in Bulgaria). The combination of stunning sea and mountain views makes this spot truly unique. It is still largely undiscovered although recently it has started to attract the attention of some tourists and investors driven away from the crowded and overdeveloped Sunny Beach.It is the perfect family holiday destination - quiet and picturesque with beautiful mountain walks and yet very close to the beach and the amenities of a major sea resort, easy access from both Varna and Bourgas airports and only 10 minutes drive to the historic town of Nessebar.

THE DEVELOPMENT
This pretty destination is rapidly gaining in popularity and we believe that this complex currently offers one of the most attractive investment opportunities there for the following reasons:1. PRICE / RETURN ON INVESTMENT The prices of the villas and apartments are still well below 1,000 Euros per m2. as opposed to over 1,250 Euros per m2 in Sunny Beach, yet the expected rental income is similar and constantly rising as is the demand from tourists who prefer a more peaceful and quiet location. Similar developments here are now selling for 1,500 Euros per m2 2.

RESTRICTED DEVELOPMENT
In order to preserve the local character and traditions of the village only limited land has been dedicated to development and the strict regulations on the planning permits and construction imposed by the mayor and the municipality of Nessebar would protect the village from being over developed. 3. TRADITIONAL ARCHITECTURE The design of these buildings is inspired by and reflects the old traditional style of Bulgarian renaissance architecture, as opposed to the style-less and devoid character blocks in Sunny Beach and other coastal resorts that have been usually offered for sale in UK. It will include wood and stone cladding, wooden balconies and solid wood shatters fitted to all windows. 4. BUILD QUALITY The properties would be finished to a very high standard to give a luxurious and cozy feel. They include wood beam ceilings, wood floor and an option of a fireplace or air conditioner. 5. FACILITIES The complex will feature a two level round swimming pool with coffer bar, bar-bistro, six shops, children playground, barbecue area and parking spaces, gated with 24-hour security. 6. SPACE The villas will be build on an area of 6,300 sq. m. with plenty of space to support all the residence even in the busy summer season and not to lead to overcrowding that is so typical for the large developments in many coastal resorts.

SPECIFICATION
There is a choice of 68 apartments and 6 shops with size range from 44s q. m. to 140 sq. m., this includes 7 studios, 28 one-bedroom and 33 two-bedroom Apartments. - For easy maintenance, the standard finish includes plastered and latex painted walls and ceilings, wood effect flooring fitted in the bedrooms and living room areas, tiled floors and walls in the bathrooms. - Fully fitted bathrooms. - Completely installed water and electrical systems including Telephone, Cable TV and Internet connections. - The buildings will be fully insulated and uPVC double-glazing fitted to all windows and balcony doors. - Special features include solid wood window shatters; solid wood beams ceilings in the reception rooms and a choice of wood burning fireplaces or air-conditioning with both being also available at an additional cost of only 1,000 Euros. - If a client desires, they can change the specification of the property, provided it was purchased before the building work is completed. This might incur an extra cost depending on the work and materials used.FURNISHINGFor those clients who prefer a more hands-off investment we are providing a special furniture pack service. This is optional and at an extra cost the property will be completely furnished. We will include all basic furniture needed to make the property habitable and ready to rent.Furniture packs will include:
· Living room - sofas and armchairs, coffee table, TV and DVD player, curtains
· Bedroom - double bed and mattress, triple wardrobe, bedside cabinets, drawer chest, dressing table.
· Dining room - table and four or six chairs
· Hallway - hallway unitAppliances: Washing machine, fridge/freezer, cooker, heating elements.

ON SITE FACILITIES
The complex will be gated with 24-hour security and a porter in the reception area to assist the residents and visitors of the complex. The leisure facilities include everything one needs to make it a complete holiday. An outdoors swimming pool with coffee shop, childrens playground, barbecue area and bar-bistro.RENTALQuick research on the Internet reveals that two-bedroom villas in the village are offered at around Ј375 per week in a high season and Ј299 in a low season. Assuming a realistic but maybe slightly conservative 16 weeks occupancy per year gives a Ј6,000 income. This is about 11.3% annual yield on Ј53,250 - an average price of two-bedroom flat in our complex.In our effort to provide complete hands off investment, we have initiated talks with TUI, Balkan Holidays and Nagena to discuss the marketing possibilities. We would update on any developments on the possibility of a rental management.

· Reservation €1500

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