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A pre-launch investment opportunity earning a guaranteed rent of minimum 5.25p per year for 20 years

 Region: Melnik

 Price: EUR € 54 896

 Bedrooms: 0

 Property Type: Apartment

 Development State: Off Plan

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Features: Garden, Pool, Parking
Amenities: Tennis Court, Shops, Bars & Restaurants, Medical Facilities, In historic place, In fishing area, In hunting area, 24 Hour security, Gymnasium, Childrens Swimming Pool, In Mountain, Near Spa Resort, In Town, Childrens Playground, Architectural Reserve, By a river, Mountain View
Description:
Buy Investment property that comes with 20 Years Rental Guaranteed minimum of 5.25per cent net per year!

Rockarch Estates are pleased to have been appointed principle agent for the sale of a property which will be built to 4 star standards by one of Bulgaria’s leading hotel chains and offers you the chance of complete ownership for you to live in or who can fully manage rental on your behalf for up to 20 years.

Competitive advantages
-20 Year Rental Guarantee of 5.25 per cent net per year
-50:50 room rent rate share
-25 FREE days personal usage per year
-Pay only 25per cent now! Remainder with pre-arranged mortgage
-Fully let and managed by Bulgarian hotel chain
-A Turn Key Property

Own a property in the Renaissance town-museum of Melnik, the only area in Bulgaria where no further developments of the type of hotel complex Melnik are to be built in the forthcoming century. The complex comprises studios, 1- and 2-bed units distributed in traditional Bulgarian style houses and benefits from magnificent views to the unique “Melnik Sand Pyramids.
Hotel complex “Melnik” comprises of a 4-Star hotel with SPA centre, swimming pools, restaurant, ethno tavern and six residential blocks of apartments in the typical Melnik style. It is situated along the very entrance of Melnik, in the immediate neighbourhood of the town park and the Melnik river.

Distance from
Sofia Airport – 174km
Thessaloniki Airport /Greece/ - 180km
Ski centre Bansko – 100km
Kavala /Agean coast of Greece/ - 120km



Completion Date: End 2009/Beginning of 2010
Property Type: Spa & Cultural Apartments
Completion Stage: Pre-Launch
Number of Bedrooms: Studios, 1 & 2-Beds
Size: 36.50 m² - 94.95 m²

Facilities

-4 Star hotel with 12 studios and 4 apartments
-SPA Centre
-Indoor and outdoor swimming pools
-Relaxation areas: sauna, steam room, jacuzzi and massage
-Ethno-tavern with 84 seats
-Restaurant with 112 seats
-Open terrace
-Conference hall
-Secure parking
-24 hours security

Prices from
Price per square metre € 1,242 - € 1,444
Studio € 54,896*
1 Bed € 66,745*
2 Bed € 98,739*

* all prices include VAT



Maintenance Fee
The maintenance fee is € 7.20 (incl. VAT of 20per cent) per sq. m. per year. This charge excludes private utility usage, insurance, local taxes, and rental management fees.
Maintenance fee is not payable as long as you have a signed rental agreement with the hotel.


Payment Options:

Option 1 (Standard)
Reservation fee - €1,500 (£1,130.00)
1st payment of 40per cent(payable in two sub installments ): 25per centwithin 28 calendar days of signing the reservation agreement followed by 15per cent within 90 days of signing the reservation agreement
2nd Payment of 30per cent - within 10 calendar days after receiving Act 14 (rough construction) from the Developer/Agent
3rd Payment of 20per cent - within 10 calendar days after receiving Act 15 from the Developer/Agent
Last Payment of 10per cent - at transfer of property ownership estimated End 2009 – Beginning 2010

Option 2 (Mortgage)

Reservation fee - €1,500 (£1,130.00)
1st payment of 25per cent payable within 28 calendar days of signing the reservation agreement
2nd Payment of 75per cent of the bank valuation of the unit at rough construction (Act 14) but not less than 50per cent of the purchase price - within 10 calendar days after receiving ACT 14 (rough construction) from the Developer/Agent
Last Payment of the remaining balance – at transfer of property ownership





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