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Guaranteed Profit with Developer Buyout Option [ SOLD ]

 Region: Albena

 Price: EUR € 85 601

 Bedrooms: 2

 Property Type: Beach Property

 Development State: Off Plan

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Features: Garden, Pool, Parking, Terrace / Deck
Amenities: Tennis Court, Shops, Bars & Restaurants, In beach resort, Childrens Swimming Pool, Sea View, In Village, Garage
Description:

Key features:
*Developer Buyout Option – guaranteed profit
*50% down and nothing to pay until completion
*60% non-resident finance available
*Turnkey furniture packs available
*Hotel style, on-site rental management
*Luxury facilities
*Low release price
*Excellent growth potential

Development at a glance:
Type: Off-plan development, of 155 apartments
Prices From: 46,812 euros
Finance available: Yes, up to 60%
Payment terms: 50/50
Deposit: 2,000 Euros (refundable subject to viewing)
Completion date: November 2009
Invest From: 23,406 euros (15,800 GBP approx.)

Developer buyout option:
Effectively a capital appreciation guarantee offered as a sales incentive on a limited number of units.

Once the development has been completed (November 2009), before the final 50% payment is made, the purchasing client will be offered, in return for the property, their invested amount (50% of unit price) plus 20%.

This is a useful opportunity for clients to opt out of the purchase if financial circumstances change during the construction period or any other reason. Having bought out the client, the developer will resell the unit as a completed property at a higher price. Of course the developer is prepared for the original investors to complete in the usual way.

Development overview:
Kranevo is a coastal village in the district of Varna, the Sea Capital of Bulgaria. It is situated in the middle of two major resorts - Albena and Golden Sands.

The development is a luxury, fully gated resort of 155 stylish apartments, situated in the hills above the seaside resort of Kranevo. The development boasts marvelous panoramic views.

Kranevo is developing as a resort of its own, benefiting from the popularity and rapid growth of the two neighbouring resorts which reach bursting point during the peak summer months. The vast beach, clean sea, gently sloping sea bed and curative mineral waters have swiftly propelled the village into a competitive tourist destination.

This project will be situated in a pretty, peaceful area on the hills above Albena and Kranevo resorts with a marvelous forest view. The air is extremely clean and healthy and this combination of natural conditions with all the amenities of the village make the area suitable for developing eco, rural and coastal tourism.

The project will be located in an area just below a newly built golf Academy.

Location:
The development is situated just 2km outside of Kranevo itself in the district of Varna and is:
3 km from Kranevo’s sandy beaches
5 km from Albena Resort
10 km from Golden Sands Resort
16 km from Balchik
18 km from three new golf courses, all currently under construction

Accessibility:
20km from Varna and the International Airport, with regular direct flights from Europe and particularly the UK.

On site facilities:
Communal swimming pools, restaurant & bar, shops, a tennis court and a reception desk for full rental management.

Local amenities:
Easy access to night life & shops, sports facilities, restaurants and tourist attractions.

Unit types and prices from:
1 bed, 1 bath Apartment, built 45.12m2, prices from 46,812 euros (approx. 31,589 GBP)
2 bed, 2 bath Apartment, built 82.72m2, prices from 85,601 euros (approx. 57,765 GBP)

Reservation deposit:
2,000 euros (refundable subject to viewing)

Payment terms:
50% deposit, mortgage covers remaining 50%

Completion date:
November 2009