Powered by:  

Want to sell your overseas property?
Want to advertise your holiday home to rent to 40 million possible renters.
Contact us on info@myoverseasproperty.ie


Property for sale information

 
Selena Residence  
Reference nr: RP369029
Description:

Pay Only 20% down & 80% on completion, 2% discount for all purchases before end of March

Ideally suited as a holiday home or for pure investment

This stylish 4 star turn-key development is located just a few minutes walk from the beach in the popular tourist destination Sunny Beach on the Black Sea Coast of Bulgaria.

Local amenities include a number of up market shops, restaurants, lively bars and entertainment.

This quality built, fully gated development is a short walking distance from the picturesque historical old town of Nessebar, a UNESCO World Heritage site. The location of Selena Residence is perfect for a cultural stroll around the ruins of the old town or a visit to the stunning Sunny Beach.

In addition, a hop on - hop off holiday train arrives almost on your doorstep and links Selena Residence, Nessebar and Sunny Beach. Bourgas International airport is between 20 - 30 minutes away, with direct flights from all major European cities.

This four star development is orientated in a Westerly direction and architecturally inspired by European design, typified by the many apex roofs, ground arches and railing balconies.

With the construction due to begin in the last quarter of 2006, the building company ‘Midia’ plans to have the development completed May 2008.

The Offer

Each unit comes fully fitted including furniture, kitchen presses, tiled floors and bathrooms, telephone points, cable TV, air conditioning and heating.

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

There are three stage payments. The first 40% is due on signing of the contracts, 20% on rough construction and the remaining 40% is due on completion.

A guaranteed net rental income is fixed at 4.5% pa for 2 years


Development Facilities

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.

• 24 hr Concierge
• Lifts
• Restaurant
• Bar
• 16 Shops
• 3 Swimming pools
• Underground car parking
• Landscaped common area

Unit specifications

Each unit comes ‘ready to use’
• Fully furnished
• Private balcony
• Bathroom is tiled floor to ceiling
• Remote controlled air conditioning unit with heating and cooling function

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 40,200
1 1 65,660
2 1 98,490
Features:
Beach
Submission Date:
01-24-2008
Last Update:
02-18-2008
Advertiser Details:


Name:
Richard Parker

Company:
International Dreams Ltd

Phone:
0044 203239 9430
Fax:

Mobile:

 
Property Photo Gallery

 

property photo

property photo

property photo
 
Calculators

 
Property price: €40,200
 

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