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Property for sale information

 
Royal Bay Residence and Spa  
Reference nr: PG427035
Description:

Royal Bay Residence & Spa is a beautiful classic-style 5-star development situated on the frontline to the Black Sea with almost all of the 85 superbly appointed apartments having splendid panorama sea views towards the UNESCO protected old town of Nessebar.

The south facing frontline location is perfect as is being located in the exclusive resort area that is being developed between the bustling resort of Sunny Beach and the quieter more relaxed feel of the smaller resort of St Vlas.

The 8km long, wide sandy beach is less than a 5 minute walk along the coast towards Sunny Beach and a new marina is nearing completion along the coast in the other direction towards St Vlas. Shops, bars and restaurants are a few minutes walk inland and there are excellent transport connections into Sunny Beach and Nessebar.

The extensive facilities are what you would expect from a 5 star development. The spa centre is to be completed in a Byzantine style and will include massage rooms, fitness centre, sauna, beauty centre, Jacuzzi and Turkish bath. Inside you can dine in the ‘Tsar Simeon’ restaurant and take advantage of the lobby bar. Outside there is a swimming pool, children’s pool, snack bar and beautiful landscaped gardens with water fountains and statues.

The apartments themselves are due for ‘Turn Key’ finishing in September 2007 with a fitted bathroom, air-conditioning and wiring for satellite TV and internet.

Early 2007 saw the release of the second phase of Royal Bay adding a further 103 apartments together with an extension of the facilities including another large outdoor swimming pool. Due for completion in October 2008, all facilities will be available for use by all residents regardless of whether their apartment is in phase 1 or 2 and offers a new fantastic opportunity to purchase in this exclusive resort.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 70,000
1 1 52,000
2 100,000
Features:
Beach
Private Swimming Pool
Spa
Submission Date:
12-17-2007
Advertiser Details:


Name:
Phil Grimes

Company:
Select Property Overseas

Phone:
0044 845 430 1404
Fax:

Mobile:
0044 7970 189967

 
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Calculators

 
Property price: €52,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations