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Gallery Suites in St. Vlas luxurious studios and apartments for sale
Gallery Suites in St. Vlas luxurious studios and apartments for sale
Gallery Suites in St. Vlas luxurious studios and apartments for sale
Gallery Suites in St. Vlas luxurious studios and apartments for sale
Gallery Suites in St. Vlas luxurious studios and apartments for sale
Gallery Suites in St. Vlas luxurious studios and apartments for sale
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Address: St. Vlas
City: Sveti Vlas
Price: €25'000
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Status: Active
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Full Description: It is with great pleasure we introduce Gallery Suites. This luxurious small building comprises of studios and one bedroom apartments all suited for the high end Bulgarian property market.
Gallery Suites is situated in the quiet region connecting the world famous Sunny Beach resort and Sveti Vlas resort. Being just 150 meters from the sea shore this location is best for relaxation and romantic walks along the beautiful Bulgarian beach. The newly built marina holding numerous shops, restaurants and great night clubs is just 10 minutes walk from the building.
The region is developing at a fast rate being encircled by prestige and luxury. Just seconds away from Gallery Suites the municipality will construct the newest park and shopping center with sea view alleys and unique boutiques.
For many years renowned artists gathered in the area and painted the Bulgarian sea line panorama. Their work will be displayed in the Gallery Suites building, covering the walls of the corridors and lobby. Combining a large art display this offers the opportunity for every visitor of Gallery Suites to take home a small piece of Bulgaria. For those who appreciate art this is a unique opportunity to collect paintings and enjoy breathtaking sceneries.
To benefit most from the full experience, the roof will hold two Jacuzzis and a cocktail lounge with its own art garden displaying spectacular sea views and exhibits of illuminated printed art, seen even during the night. All owners of properties in the building will have a free access to the roof terrace. The terrace complements the artistic design of the building and offers stunning views towards Sunny Beach and the ancient town of Nessebar. Please click here to see some of the panorama in the region.
To reach Sunny Beach for a loud night of bars, restaurants and discos it is very easy and cost effective to use the excellent public transportation. The bus ride will take no more than 10 minutes to the very center of Sunny Beach.
Completion Date: October 2009
Here are some of the amenities in the complex:
- Reception area
- Hydraulic elevator
- Pool and children pool
- Pool bar
- Bar/restaurant
- Green spaces
- All apartments have balconies and pool view
- Roof Jacuzzi with its own relaxation roof-garden
- Roof terrace Cocktail Lounge
- Paint work gallery on all corridors
- Wireless internet
Payment Plan
Reservation deposit: |
EUR 1,000 |
First Installment: |
35% at signing of preliminary contract 14 days after reservation (the reservation deposit is reimbursed against the first installment only) |
Second Installment: |
15% when shell construction reaches at the specific apartment level |
Third Installment: |
20% at roof level |
Final Installment: |
30% before the transfer of the notary deed |
Additional Information:
- The maintenance charge for studios is EUR 350 per year
- The maintenance charge for 1 bedroom apartments is EUR 400 per year
- All owners have free access to the roof terrace where they can enjoy the Jacuzzi and the Cocktail Lounge
- The building has construction guarantee for 10 years
Rental
Gallery Suites was designed with the intention to bring both tranquility and to create a substantial income for all the owners of apartment in the building. Given that most people buying an apartment in the resort areas spend only 2 weeks vacation in their own apartment we thought it would be a great idea to bring in some tourists and create some rental income for our clients while the apartments are vacant.
Gallery Suites will attract a rental income of 7-10% from the value of the apartment. Also the value increase for the region is around 15-17%. To make this estimates more clear we prepared a simple example.
For the purpose of this demonstration we will use rounded numbers and a term of 5 years.
Assume the property price for a 1 bedroom apartment is EUR 47,000 and here it is how the increase happens in the next 5 years.
Years |
16% Value Increase |
8% Rental Income |
Total |
After year 1 |
€ 54 520 |
€ 4 362 |
€ 58 882 |
After year 2 |
€ 63 242 |
€ 5 059 |
€ 68 301 |
After year 3 |
€ 73 362 |
€ 5 869 |
€ 79 231 |
After year 4 |
€ 85 100 |
€ 6 808 |
€ 91 908 |
After year 5 |
€ 98 716 |
€ 7 897 |
€ 106 613 |
As you can see in this example the gross return for a property that is worth EUR 47,000 now will be EUR 106,613 in 5 years time. The gross return on investment is (106,613 – 47,000) = EUR 59,613. That is a 127% increase!
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Listed by: www.tetrabulgaria. com
Phone: ++35924894895
Mobile: ++359888735693
Homepage: http://tetrabulgaria.com/
This listing has been viewed 2155 times.
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