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Brand New One-Bedroom Apartment
Beautiful St Vlas, Black Sea Coast
St Vlas is rapidly becoming one of the most exclusive resorts along the Black Sea Coast.
This beautiful apartment is located within the Panorama Complex on a stunning cliff top with breath-taking scenery.
The apartment is located on the 4th floor, and has amazing sea views. It has a built surface of 66.35 sq m consisting of living room, kitchen, bedroom, WC bathroom, hall and terrace.
It would make an excellent summer home or could be used for rental.
The Complex boasts the following facilities:
- 2 x Food Centres
- 2 x Restaurants
- 2 x Bars
- 1 x Cafeteria
- 1 x Irish Pub
- 4 x swimming pools - one with artificial waves, one with an artificial waterfall, one with Jacuzzi and one 25 metre pool
- A Children's swimming pool
- 1 x supermarket
- Shops
- A fitness club
- A sauna
- Children's playgrounds
- Tennis court and football fields
Rental Income
Should you wish to use their services, Credo Consult (www.credo-bg.com) will market, maintain and rent out the property to holiday makers for a fee of €85/£60 per month.
Credo Consult are currently letting one-bedroom apartments within the Panorama Complex for between €40/approx £30 and €80/approx £56 a night depending on the season.
The holiday/letting season is from April - October/ November. The peak season is June-August and typically, the temperature at this time is late 20s-mid 30 degrees centigrade.
The seafront location also makes this property unique, as many apartments are built inland. Furthermore, the resort also has a great reputation for taking care of guests which results in a high return rate. Both rental and property prices are expected to rise steadily over the next few years as Bulgaria develops as an EU country, helping you to maximise your returns further.
Maintenance Charges
A maintenance fee is payable on the property annually for the following services:
- Maintenance of the complex' surrounding territory
- Maintenance of communal areas
- Maintenance of the swimming pools
- Maintenance of the green areas of the complex
- All year-round security
- Electric lighting of the common areas of the building
5.70 Euro per square meter per year + VAT 20% with the following discounts:
- 4.75 Euro per square meter for each apartment a year + VAT 20%
for advance payment for three years
- 4.00 Euro per square meter for each apartment a year + VAT 20%
for advance payment for five years
Maintenance charges for 2007 have already been paid.
Price £56,000.
Note that a holding deposit of £1,500 will be required in order to take the apartment off the market. This will be deducted from the price.
Please contact Montrose Investments for further information
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