Bulgaria: Marina Property for sale
Bulgaria: For sale Marina Property on the Black Sea Ref 10
MARINA CITY
The Marina Complex is situated on the northern Bulgarian Black Sea Coast, next to the yacht port of Balchik.
If you like the sea breeze and fresh air, you can find your safe heaven here.
MARINA CITY will be a summer holiday complex combining the romance of the sea with the comfort of numerous facilities.
The complex will be a dream-destination for water and extreme sports lovers.
- A great investment
- Three golf championship courses in progress
- Unique location
- Exquisite yacht port
- Seafront apartments with stunning view to the marina
- Highly attractive facilities
- Conditions for water sport activities
- Whole year rental potential
MARINA CITYBalchik
The seaside town of Balchik sits on a small bay on the northern Black Sea Coast, 41 km. north of Varna. The town has a pleasant atmosphere and some nice old buildings, along with a good selection of restaurants, shops and services.
Balchik is famous with its Botanical garden which is the biggest and most diverse on the Balkans. There is also a small ethnographic
museum and a beautiful old church called St. Nikola Church. A Renessaince complex with the old school, which is quite well preserved, can be other possible destinations of a walk. The coastal alley, which is about 4km long, is also a nice place to stroll, the same way as the harbour and the small streets of the town are.Marina City will be a summer holiday complex combining the romance of the sea with the comfort of numerous facilities.
The complex will be a dream-destination for water and extreme sports lovers. The complex consists of 5 sections and has 135 apartments with wonderful sea view, of which:
- 83 one ¡V bedroom apartments
- 27 two-bedroom apartments
- 1 three-bedroom apartment
- 1 one-bedroom apartment with a gallery and a yard
- 3 two-bedroom apartments with a gallery and a yard,
- 20 studiosThe complex architecture coupled with the best quality building materials and the wonderful location of Marina City guarantee
the comfort of visiting tourists. A trade center with 50 shops that offer all kinds of articles (clothes, cosmetics, jewellery, etc.) will be built as part of the complex. In the vicinity of the complex modern golf courses are being built. Balchik will thus be further enhanced over the
next 2 years by the addition of a total of three championship golf courses. Two are designed by Gary Player and the third, by Ian Woosnam.
A 3-kilometre long entertainment lane that will connect the complex with Albena is also planned. The most unique priority of MARINA
CITY is the yacht port, which is going to be situated just in front of the complex.
The project provides for the port to be the biggest on the entire Black sea shore and to be equipped by the world famous French company "PORALU". It is going to offer perfect conditions for sea tourism and sports for amateurs and professionals.MARINA CITY
Facilities:
- Swimming pool
- 4 restaurants
- Lobby bar
- Summer and winter terraces
- Pool bar
- Fitness centre
- Indoor and outdoor tennis courts
- Hairdresser
- Laundry
- High speed internet access
- Trade centre with 50 shops
- Additional services
Stage of completion
Flooring
living-room, kitchen and entrance halls - ceramic tiles, bedroom - optional laminated parquet, bathroom - ceramic tiles ,terrace and staircases - granitogress
Walls
living-room, kitchen, bedroom and entrance halls - dry wall and white latex, bathroom - glazed ceramic tiles Ceilings - standard
living-room, kitchen, bedroom and entrance halls - dry wall and white latex bathroom - water-proof drywall and white latex
Doors and windows
apartment doors - armoured with handle, lock and eyelet - imported interior doors - pressed MDF windows - thermal break aluminum frame, glazing
Railings on staircases and terraces - metal, painted
Heating and air-conditioning installation
Other features
telephone line installation, cable TV installation, doorbell installation
Special clause:
When the preference of the owner is to offer the apartment for management by the developer's company, an additional cost for furnishings is incurred in the approximate amount of 6000-9000 EURO.MARINA CITY
Payment conditions:
1000 EUR - reservation fee
55% - by contract
35% - up to February 2007
10% - up to April 2007
Date of completion: January 2007
Annual maintenance fee: 10 EUR / sq.m
Rental Potential Income: 5 - 7%The combination of championship golf and marina is sure to enhance the area and ensure exceptional capital gain for the apartments.
This is a Marina and apartment development in the most naturally beautiful harbour in Bulgaria in Balchik coastal town.
Yachts/ boats up to 30 meters will be able to dock in the upgraded marina and the developers will ensure the facilities are up to the best International standards.
All these perfect conditions make Marina City excellent investment opportunity.MARINA CITY
Typical studio
Living area: 42,12 sq.m.
Common parts: 8,45 sq.m.
Total area: 50,57 sq.m.
Consisting of: Living-room with kitchenette, bathroom, toilet and balcony
Typical 1-bedroom apartments
Living area: 54, 45 sq.m.
Common parts: 10,93 sq.m.
Total area: 65, 38 sq.m.
Consisting of: living-room with kitchenette, bedroom, bathroom, toilet and balcony
Living area: 73, 18 sq.m.
Common parts: 14, 69 sq.m.
Total area: 87, 87 sq.m.
Consisting of: living-room with kitchenette, Bedroom, bathroom and balcony
Typical 2-bedroom apartments
Living area: 102, 19 sq.m.
Common parts: 20, 54 sq.m.
Total area: 122, 70 sq.m.
Consisting of: living-room with kitchenette, two bedrooms, hallway, two bathrooms and toilets, balcony
Living area: 97, 84 sq.m.
Common parts: 19, 63 sq.m.
Total area: 117, 47 sq.m.
Consisting of: living-room with kitchenette, two bedrooms, hallway, two bathrooms and toilets, balcony
Our Services
As a foreigner, you are not here all the time to take care of your property, but we are to serve you through our Service Concept.
We have a total concept of helping you completely, before and after your purchase. You can avail of all the services by buying our ServicePackage.
Our Service Concept
- Security checks on your property
- Help with payments such as water, electricity and phone bills
- Insuring your property and dealing with the insurance company
- Establishing relationships with the bank and opening bank accounts
- Help with property tax declarations
- Helping with all local contacts and dealers, etc.
Property tax
Annual real estate tax of 0.15% is payable on the book value of the taxable property as at 1 January by property owning companies
and companies holding rights in rem with respect to taxable Bulgarian property.
The tax is payable in four quarterly installments during the relevant year. Annual municipal charges apply on the book value of the
property in the municipality where the property is located. Rates are determined locally and, since generally set at around 1%,
commonly exceed the rate of real estate tax outlined above.
VAT
Transfer of ownership, leasing, or transfer of rights in rem over buildings located in Bulgaria is a VAT able transaction and is subject
to VAT at the standard rate of 20%. However, letting of residential property to individuals and transfer of ownership of land are
VAT exempt supplies.
MARINA CITY
Property taxes
- local taxes - 2% of the price at signing the Notary Deed
- Notary taxes - about 500 € at signing the Notary Deed
- Bulstat registration - 50 €
- Annual real estate tax - 0,15%
- Buyer's commission is 3% of the selling price
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This site was last updated
11.02.2007
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