Bulgarianproperties

Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

Investment property in gated complex Penelope Palace

Price € 445 000 Location: Pomorie , 50 m to the beach For sale Type of property: Apartment, Studio, 1-bedroom apartment, Investment project, Hotel room Area features : In town. , In beach resort, On the Sea, First line from the water, In vacation place, In fishing area Area: 247.24 m2 Garden: no Bedrooms: 1 Heating system: Air-conditioners Furnishing: Fully furnished Type of building: Reinforced concrete structure, Brick-built, New building Condition: Excellent Authorised agency

Responsible agent

Stilian Georgiev Sunny Beach Mobile: +359 882 817 478 Phone: +359 2 425 68 40 Address: Main Promenade, complex Joy, office 1, behind Svejest Hotel, Sunny Beach Skype: bulgarianproperties.bg

Luxury hotel rooms in 4-star beachfront complex in Pomorie

Excellent investment offer including 5 modernly furnished hotel rooms in the calm and quiet spa and seaside resort - Pomorie. The gated complex Penelope Palace is located in close proximity to the beach and hotel "Sunset Resort", near Sozopol, Duni and Chernomorets, in proximity to a richly landscaped park area and SPA centers.

Page 1 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

The offer includes: • Two double rooms with two extra beds - 49.65 sq.m. each; • Two studios with kitchen suitable for dining for two - each of 47.3 sq.m. • Luxury studio with kitchen with dining area for 4 people - 53.34 sq.m.

The total area is 247.24 sq.m. The final price is without VAT. There is option for 1 year installment plan without %.

IMPORTANT! The property includes guaranteed rental income for a period of five years - 17,800 per year (4%) or 89,000 for the entire duration of the contract.

From the annual profit of 17,800 are taked the following costs: • Annual fee for maintenance and management (10 euros per square meter excluding VAT) • 20% fee of accommodation per night, which includes all costs for cleaning, laundry, maids, promotional activities, signing contracts with travel agencies and others • Costs (electricity, water, TV, Internet) • Travel insurance

All rooms are fully equipped and have a license from the Ministry of Tourism. For the entire duration of the contract the owners do not have the right to use the premises free of charge. If used, the amount of 17,800 will be reduced.

Penelope Palace is a wonderful complex for holiday usage and permanent residence, which is located a few meters away from the sea, right next to the Sunset Resort complex and close to a sandy beach. The complex offers a unique combination of comfort and luxury; it is fully constructed and operational.

The complex is characterized with modern architecture and excellent infrastructure. It consists of one building with two separate sections, set on six floors with several entrances served by modern hydraulic lifts. The apartments are 131 in number, offered at 'turnkey' condition. There is a choice of studios, one and two bedroom apartments. Almost all the apartments come with views towards the sea.

Features and services complex "Penelope Palace" • 24-hour reception desk and lobby bar • Year-round 24-hour security service • Outdoor swimming pool with sea views and a special section for children • Restaurant with garden and panoramic sea views • Sky Bar • Shopping center • Spa (year-round) with a Finnish sauna, relaxation area with heated seats and Jacuzzi, steam bath, massage room • Fitness center • Children's playroom • Childrens playground on the beach • Conference hall with a capacity for 70 people and the necessary multimedia • Landscaped common areas • Underground parking

The complex is designed to serve people with disabilities and in wheelchairs. An access to the beach is offered as well. The spa, fitness center, conference room and the restaurant in the complex operate on a year-round basis.

Page 2 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

Additional Services • Free unlimited Wi-Fi internet access throughout the complex and the hotel rooms • Dry cleaning, laundry and ironing services • Transfers • Taxi and rent-a-car services • Paid secured indoor parking • Excursions and additional activities • Delivery of flowers and arrangements for special occasions • Baby-sitting (on request) • Reservations for restaurants • Tickets for social and cultural events

Why buy an apartment in Penelopa Palace complex • Ownership in a quiet seaside resort and spa center - Pomorie • Spacious apartments with a small percentage of common parts, suitable for family vacations • High quality construction with excellent materials • Maintenance and rental of vacation properties • Location of the beach, near the resort of Sozopol, Duni and Chernomorets • Well-developed infrastructure • Construction company with an impeccable reputation

Complex Penelopa Palace is located near the beach and the complex Sunset Resort and the spa centers in town. It is close to a landscaped park and enjoys wonderful sea atmosphere.

Not far from the complex are to be found many historical and cultural attractions, shops, restaurants and bars. The beach zone of Pomorie is 7 km long, with three very beautiful beaches with smooth flat seabed. The sand beaches in the resort have healing properties as it is rich in iron. Nearby is also set the saltwater lake - Pomoriiska luga, and a bird center.

The complex is located 7 km from the Bourgas airport and 18 km from the city center. Pomorie offers two port terminals and a railway freight station.

Viewings We are ready to organize a viewing of this property at a time convenient for you. Please contact the responsible estate agent and inform them when you would like to have viewings arranged. We can also help you with flight tickets and hotel booking, as well as with travel insurance.

Property reservation You can reserve this property with a non-refundable deposit of 2,000 Euro, payable by credit card or by bank transfer to our company bank account. After receiving the deposit the property will be marked as reserved, no further viewings will be carried out with other potential buyers, and we will start the preparation of the necessary documents for completion of the deal. Please contact the responsible estate agent for more information about the purchase procedure and the payment methods.

After sale services We are a reputable company with many years of experience in the real estate business. Thus, we will be with you not only during the purchase process, but also after the deal is completed, providing you with a wide range of additional

Page 3 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938 services tailored to your requirements and needs, so that you can fully enjoy your property in Bulgaria. The after sale services we offer include property insurance, construction and repair works, furnishing, accounting and legal assistance, renewal of contracts for electricity, water, telephone and many more.

Reference number: Snb 59938

Plan of the construction of Penelopa Palace complex

The construction of the complex Penelopa Palace took place in the period October 2008 - May 2011. The complex has a Permit for Usage (Act 16) and is functioning.

Page 4 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

Page 5 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

Page 6 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

Page 7 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

Page 8 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

Page 9 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

Page 10 Offer: Investment property in gated complex Penelope Palace in Pomorie Ref. No.: Snb 59938 URL address of the offer: https://www.bulgarianproperties.com/59938

BULGARIAN PROPERTIES is the No.1 real estate company in Bulgaria. We have a vast experience in property sales and rentals in all market segments, consultancy services & research, construction, repair works and management of properties in all regions of Bulgaria.

Since our founding in 2003 we have been working hard in two directions - to offer the widest choice of properties for sale and rent, and to provide all services related to buying and selling of real estate in Bulgaria.

Our experience, knowledge and understanding of the Bulgarian real estate market, big property portfolio and innovative approach are the reason BULGARIAN PROPERTIES is the market leader I real estate in Bulgaria.

Trust us! We do our job professionally!

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