This is a luxurious self contained development that offers wonderful facilities as well as an excellent range of apartments, townhouses and villas. The resort has been stylishly designed in a modern Greek style to make the most of its beautiful natural setting on a dramatic hillside above the town of Balchik.

Features:

• It is located in the most sought after area on the Black Sea Coast
• Full property and rental management service
• Excellent lifestyle and business investment
• Attractive payment plans with discounts available
• Choice of Villas, townhouses, apartments to suit all budgets and taste
• All units have private outdoor space including roof terraces for townhouses
• Facilities include spa, fitness centre, swimming pools, restaurants and bars
• Adjacent to Gary Player golf course and minutes from Ian Woosnam golf course
• Just over 3 hours from UK and Irish airports

Facilities:

• Outdoor swimming pool with adult and children areas
• Luxurious spa and wellness centre with Jacuzzi, sauna, treatment and massage rooms
• Fitness centre
• 24 hour reception
• Ground floor bar and café with outside seating
• Top floor international restaurant and vodka bar
• Games room
• Internet cafe
• Boutique and convenience store
• Car hire and booking office
• The resort will also house a children's play area, a putting green and practice nets for the golf enthusiast as well as an outdoor games area

This is a self contained development offering excellent facilities and a range of properties to suit all tastes and budgets.

The resort comprises of:

• 10 four bedroom villas fi nished to an exquisite standard
• 58 two bedroom and two bathroom townhouses benefi ting from private roof terraces and gardens
• 36 luxury Royale residences some with views towards the golf course and sea
• 164 beautifully designed Palace apartments ranging from studio to two bedroom units

Every apartment, townhouse or villa has been designed to make the most of its natural setting with terraces or balconies from which to enjoy the wonderful Bulgarian weather and countryside. Apartments towards the front of the development even enjoy golf or sea views.

The spacious townhouses offer two double sized bedrooms, two bathrooms, as well as a generous open plan living area with kitchen. Every unit also benefits from additional outdoor space with private balconies, a wonderful roof terrace and garden. The townhouses have been designed with the family in mind whether you are purchasing as a lifestyle choice or as an investment for the future.

The total size of the townhouses is approximately 143 sq m inclusive of roof terrace.

Palace Apartments

The exceptionally well designed Palace Apartments comprise of studio, one and two bedroom units. They offer excellent value for money and will provide the perfect investment or lifestyle choice. All apartments come fully fitted with Italian style bathrooms and benefit from either a terrace or balcony to enjoy garden or country side views.

Balchik - The investment opportunity

The harbour at Balchik is being redeveloped into a yacht marina with e25 million from the European Union.

Three new international golf courses have been developed

The area is beginning to emerge and prices still remain below that of other regions on the coast but that is beginning to change.

Planning controls are being introduced more rigidly than other parts of the coast

Nearby Varna airport has recently opened a third terminal and is attracting an increasing number of carriers

Location and transport

Balchik is located just 40 minutes from Varna International airport.

British Airways and Bulgarian Air fly there all year round and it is well serviced by charter airlines during summer months. With the growth in popularity of the area and the expansion of Varna airport low cost airlines are expected to enter soon.

Launch of phases

The development is being launched in four phases with the fi rst phase being launched in August 2008. The build plan is:

• Phase one and two - Build commences Autumn 2008

Target completion date Summer 2011

• Phase three and four - Build commences Autumn 2009

Target completion Summer 2012

At this moment the owner intends to sell the property as an investment project regarding the current situation.