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Black Sea Coast
Selena Residence
Apartments From €56,976 (£39,294)

Completion Date: May 2008

Location

Selena Residence Sunny Beach is a stylish 4 Star development, from a highly experienced developer. The Selena Residence is located in the southern end of Sunny Beach just 300m from the beach, 1km from Nessebar and 2km from the centre of Sunny Beach resort. This is a great location giving owners and guests the option of exploring the hustle and bustle of the resort centre, sampling the local bars and restaurants in the Southern end of the resort, or experiencing the impressive architecture and history of the ancient town of Nessebar.

The development is also convenient to the main bus route, connecting Sunny Beach to Nessebar and Bourgas. An open-air tourist train also runs along this route connecting Sunny Beach with Nessebar. The development's facilities include a restaurant, a bar, 16 shops, an internet cafe, swimming pools, secure surface car parking and an extensive landscaped common area nested in the private crescent shaped building. The structure delivers an abundance of light to all apartments throughout this 6 story building.

The Building

This stunning, four star development enjoys a west-facing orientation and is just a few minutes from the golden sandy beaches and crystal waters of the Black Sea. Perfectly located, close to Sunny Beach with its bustling promenade, wonderful beach and endless attractions and the historic village of Nessebar with its old town and labyrinth of cobbled streets. A full range of amenities can also be found on the doorstep of the complex itself.

Built by an established developer with a proven track record, on completion the complex will comprise 209 units featuring studios, one bedroom and two bedroom apartments, many with spacious terraces. Combining a modern European design with large communal gardens and swimming pools, these properties make excellent holiday homes or rental properties.

Each unit is ready for occupation with furniture, fully fitted kitchen, tiling throughout, telephone connections, cable TV, air conditioning and heating pre-installed. The developer is also offering a guaranteed rental package of 4.5 % (net) for 2 years making this a superb investment deal. Completion of the development is expected April 2008.

Features

3 swimming pools with poolside bars and water features, children's playground, indoor games area with pool tables, billiards, darts, restaurant, bar, sixteen shops, commercial units, laundry and dry cleaning, 24 hr. security with video entry system, lifts and underground car parking.

• Guaranteed net rental income at 4.5% p.a for 2 years
• 300 metres from the beach
• Only 30 mins from Bourgas International Airport
• Stylish, modern development with excellent on-site facilities

Sunny Beach is the most popular tourist destination on the Black Sea coast of Bulgaria. Sunny Beach features a long pedestrianised promenade that runs alongside the beach and features shops, market stalls, supermarkets and many lively bars, cafés and restaurants. The blue flagged beach is sandy, long and flat and extremely popular with beach loving families and locally there is a wide variety of water sports available.

Eating out in the area is inexpensive with a wide range of good value options from traditional local dishes to international cuisine. Local beer and wine is popular and offer great value for money.

Perfectly located, the stunning new development of Selena Residence is just 2 km from Sunny beach and 500 metres from Nessebar (a UNESCO world heritage site) and both are well connected via a regular tourist train that conveniently stops close to the complex.

Over the last couple of years property prices in Bulgaria have already experienced a significant rise with coastal regions and Sunny Beach in particular rising well above the average.

A timely investment in the Bulgarian property market makes sound financial sense and this turn key project is perfect for use as a holiday home or for pure investment.

• Luxurious 4 Star quality with on-site facilities for tourists and guests.
• A guaranteed net rental income is fixed at 4.5% pa for 2 years
• Conveniently located to provide access to Sunny Beach resort centre and nearby ancient town of Nessebar
• Fully furnished air conditioned apartments
• 3 on-site swimming pools and childrens playground
• Lobby bar, restaurant and internet access
• Underground car parking
• Attractive landscaped grounds

Management fees are fixed for 2 years at €8 per square meter based on the total area of the unit (including common area).

Selena Residence Sunny Beach Pricing and Payment Plans

• Studios from €56,976 (approx £39,200)
• 1 Bedroom apartments from €74,506 (approx £51,400)
• 2 Bedroom apartments from €93,403 (approx £64,400)

  Standard Payment Plan Phase 1: €1,000 holding deposit

• 40% on signing the preliminary contract
• 20% on rough construction stage
• 40% on completion

Note: These prices include legal fees, full VAT paid and full value on the Notary. No sales commission payable.

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