Aheloy, Bulgaria
Total Page:16
File Type:pdf, Size:1020Kb
` CURRENT OFFERING AHELOY RESIDENCE Aheloy, Bulgaria CURRENT OFFER: €14,000,000 Loan: €12,000,00 Purchase: 51% equity of the company €2,000,000 www.investellar.com CURRENT OFFERING AHELOY RESIDENCE Aheloy, Bulgaria Aheloy Residence is a modern beachfront resort with splendid landscapes and warm beach sands. The residence is ideally located a few minutes away from Burgas International Airport and a short drive from Pomorie, Nessebar and Sunny Beach – leading holiday resorts on the Bulgarian sea coast. Positioned on the main artery of Bulgaria’s thriving coastal tourism industry, its high-end finish and professional management services make it a superb choice as a stable investment of lifestyle sec- ond home. InveStellar Ireland *InveStellar Bulgaria Roseacre, Kilgobbin Rd, ul. “Nikolay Haytov” 2, Dublin 18, Ireland 1113 Sofia, Bulgaria +353 868 192 380 +359 2 489 0124 www.investellar.com CURRENT OFFERING AHELOY RESIDENCE Aheloy, Bulgaria IDEAL LOCATION The site is adjacent to the main road from Bour- The Aheloy River and the abundance of trees gas to Nessebar - 27 km from the city of Bour- are central to the character and atmosphere of gas and only 7 km from the world heritage site of the residence grounds. The developers intend to Nessebar and the vibrant summer destination of preserve and further enhance these features by Sunny Beach. Bourgas airport is just 15 minutes adding pedestrian walkways along the banks of away. A private access road over the river will the river and to redevelop the beach front area link this resort to the town itself. that will transform the present modest beach area into a gently sloping sandy shore. Important Notice: InveStellar Corp. is the financial advisor of Brussels Business Centre in the mandate of selling equity to third parties. No representation or warranty, express or implied, is made by InveStellar Corp with respect to the completeness or accuracy of the contents of the teaser. In connection with the preparation process of the teaser, we have assumed and relied upon the accuracy and completeness of the information provided by the project owner. CURRENT OFFERING AHELOY RESIDENCE Aheloy, Bulgaria ARCHITECTURAL DESIGN The contemporary theme of the architecture con- With its most desirable location and extensive tinues through the entire complex and the large range of affordable properties, Aheloy Palace open spaces are emphasized by an extensive presents many options. Whilst offering an allur- use of glass and high-vaulted ceilings. Emanat- ing holiday home for yourself and your family, this ing warmth and charm, all Aheloy Palace resi- is also an excellent investment opportunity for dences come with nicely proportioned rooms, lift both capital growth and rental income generated access and balconies. through a full property management program. KEY FACTS ABOUT THE REGION • Major seaside resort on the balkans. • Proximity to Burgas International Airport • Main tourist groups from Western Europe • Proximity to Varna International Airport other Balkan countries, Israel and Russia • Nearby resorts: Pomorie, Nessebar and Sunny Beach InveStellar Ireland *InveStellar Bulgaria Roseacre, Kilgobbin Rd, ul. “Nikolay Haytov” 2, Dublin 18, Ireland 1113 Sofia, Bulgaria +353 868 192 380 +359 2 489 0124 www.investellar.com CURRENT OFFERING AHELOY RESIDENCE Aheloy, Bulgaria FINANCIAL INFORMATION UNIT DESCRIPTION # OF APARTMENTS SQM OF UNITS CURRENT STATUS FINISH PRICE/M2 TOTAL COST Building P 90 6106 95% complete 60 €366,360 Building N 176 13236 95% complete 40 €529,440 Building M 183 12834 95% complete 40 €513,360 Building L 266 16021 rough construction 220 €3,524,620 Building K + Land 157 11434 10% complete 270 €3,087,180 Common Areas + Parking 4154 50% complete 80 €332,320 Commercial Areas 11582 35% complete 140 €1,621,480 New Reception 500 not started 500 €250,00 Electrical Sub-Station €380,880 Water & Sewerage €360,000 Landscaipng & Amphitheater €300,000 Pools & Surrounding Areas €350,000 Total to Complete Development 872 75867 €11,615,640 CURRENT LOANS Norwegian Partner €8,000,000 Bulgarian Partner €3,000,000 Bank Loan €7,500,000 TOTAL LOAN €18,500,000 TOTALCOST 396.95 €30,115,640 GROSS INCOME Month & Days Sold May, 18 days June, 27 days July, 29 days Aug, 29 days Sept, 18 days Rate per Day €78 €87 €93 €99 €78 Avg Rate per Month €1,404 €2,349 €2,697 €2,871 1,404 €10,725 Total Rent per Season €9,352,200.00 Anchillary Revenue not included Important Notice: InveStellar Corp. is the financial advisor of Brussels Business Centre in the mandate of selling equity to third parties. No representation or warranty, express or implied, is made by InveStellar Corp with respect to the completeness or accuracy of the contents of the teaser. In connection with the preparation process of the teaser, we have assumed and relied upon the accuracy and completeness of the information provided by the project owner. CURRENT OFFERING AHELOY RESIDENCE Aheloy, Bulgaria REAL ESTATE MARKET RESEARCH The Bulgarian real estate market soared with over 100,000 successful transactions in 2016, reach- ing an impressive total of €500mln are invested in residential property. This never before seen- boost in demand represents double-digit growth when compared to the previous year(2015). During the last quarter of 2016, the num- A tide of high-end residential development pro- ber mortgage loans reached an all-time high jects is expected to cover the Bulgarian market and increased by an impressive 23.6%, for the upcoming 3 quarters of 2017. The market while the number of equity capital deals fol- lowed closely with an increase of 11.8%. currently offers as few as seventeen real estate investment opportunities, totaling 1650 high-end The number of successfully completed deals units, with 1000 more to be completed by the end soared and reached 50,484 in 2016, which of 2017. represents a monumental increase of 32% compared to 2015 and is a clear sign of the upcoming financial boom in the real estate market of Bulgaria. BULGARIAN TOURISM SECTOR OVERVIEW KEY FACTS ABOUT THE REGION • Direct flights are available to 95% of Eu- • Bulgaria ranked the most visited holiday des- rope’s capital cities as well as major tination by Polish tourists for Summer season Middle Eastern destinations 2017, having surpassed Spain. • The Bulgarian real estate market is on the • In 2018 RyanAir will invest €100mln in second rise with property prices showing increa- base in Bulgaria ses for the past two consecutive quarters InveStellar Ireland *InveStellar Bulgaria Roseacre, Kilgobbin Rd, ul. “Nikolay Haytov” 2, Dublin 18, Ireland 1113 Sofia, Bulgaria +353 868 192 380 +359 2 489 0124 www.investellar.com.