The complex has all year round on-site management for pool and general maintenance gardening, cleaning of the common parts together with 24 hour security. There is also an on-site rental management facility.

The Developer is a German and Russian joint venture company with huge collective property development and investment experience. They have incorporated a Bulgarian development partner for whom this is the eleventh recent major Bulgarian Development. Other completed condominiums are available to be seen to provide confidence in terms of finish quality and delivery.

 

St Vlas is a small community with a population in the region of 2,000. The beachside village nestles under the Starra Planina Mountain and is just 9 km from the world heritage site of Nessebar. The beaches along this stretch of the Mediterranean-like coast are some of the safest in Europe.

For those not familiar with Bulgaria, the climate is similar to Greece with average mid-summer day time temperatures approaching 30 degrees centigrade and around 11 hours of sunshine per day.

As Britains look to take advantage of the investment opportunities abroad many are now starting to take notice of the fantastic opportunities afforded within this fast growing probationary member of the European Community.

Property prices on the Black Sea Coast have grown up to 30% in the last year and with demand outstripping supply for tourist beds by some 15% per annum this trend looks set to continue. Rental yields are currently running at around 5% - 7% per annum.

The developers are though keeping their feet firmly on the ground and not allowing themselves to become carried away with the rapidly moving market. Investors can easily see for themselves that prices for this development remain some 10% - 15% below other local speculative developments.

Although reservation are being taken from plan, there is still plenty to see as the site is well underway and unlike many overseas developments it is fully funded to completion regardless of reservations.

The 160 Units are divided into 30 different apartment types over 7 blocks roughly divided as follows

UNIT TYPE	METERAGE	FOOTAGE
STUDIO	37 - 40m	398 - 430ft
1 BEDROOM	58 - 66m	624 - 710ft
2 BEDROOM	78 - 83m	840 - 893ft
TOWN HOUSE	81 - 83m	872 - 893ft

70% of the properties boast a clear sea view with the rest enjoying an aspect over the moutainside. In broad specification terms each property has:

- Floors - Terracotta and laminated Parquet
- Walls - Plasterboard and Latex paint
- Windows - double glazed UPVC
- Bathrooms - WC, Hand basin, bath with shower, bathroom accessories and low voltage lighting.
- Kitchens - fitted with work surfaces, wall and base units, 2 ring ceramic hob, fridge, washing machine, microwave and grill.
- Furnishing - includes double beds, cupboards, bedside tables, sofas, dining tables and four chairs, TV set and more (full details can be made available prior to inspection visit)
- Summer/Winter Air conditioning in each room
- Buildings 3,4 and 5 have lifts to all floors
- Cable TV connection
- Optional telephone and broadband internet connection.

Properties can be purchased without the furnishing option and depending on the size of the property the price will be discounted by 7% - 10%.

Contract documentation is detailed in both Bulgarian and English and specialist legal advice can be taken in the UK before making any commitment to purchase. Prices start from just £25,000.

Please refer to the price list for current prices and availability.

Payments can be made by instalments, however there are discounts up to 10% available for early payment as per the table below:

Standard Option	8% Discount option	10% Discount Option
€ 1,000 Euro	€ 1,000 Euro	€ 1,000 Euro	Reservation Deposit
30%	100%	100%	On signing the preliminary contract
30%	0%	0%	November 30th 2006
40%	0%	0%	Final completion of the property (30/03/07 or sooner)

If you would like to learn more about this exciting opportunity to own a home in Bulgaria please contact us on 01189 660055.

We will be pleased to help you make the necessary arrangements for an inspection trip and for you to be shown around the development by our local representative who will also be able to take you in detail through the buying process and the costs associated with buying and owning property in Bulgaria.

The Flatman Partnership have hands on experience of both property development and sales in Europe. Prior to any inspection visit we can take you through the contract documentation and investigate any concerns you may have.

For more information or to arrange an inspection visit call Jamie Flatman on 01189 660055 or email us on jflatman@flatmans.com