Kavarna Hills

Location of the Complex

Kavarna Hills is located in the north of Varna on the yacht port of Kavarna. The complex is located close to the historic town of Balchik and is approximately 45 minutes drive from Varna airport and 30km from the resorts of Albena and Golden Sands. The history of the town (including Roman remains), the beautiful sea views, the local amenities along with the proposed development of three new golf courses in the area means that this luxurious development represents an excellent investment opportunity not to be missed!

 Kavarna Hills will comprise of around 100 one, two and three bedroom apartments will meet your highest expectations for elegance, class and quality which comes with the guaranteed rental income.

Three golf courses are planned in this region and constructions of one are already in process and it is due to be completed in November - December 2007. The golf courses are designed by two famous golf players – Gary Player ( www.garyplayer.com ) and Ian Woosnam ( www.woosie.com )

 Kavarna port is only in 5 minutes driving from the future golf courses, which will ensure the prosperity of the town.

Kavarna port is the new hot spot; it offers the exclusivity. With the development of this yacht port, close proximity to 3 planned golf courses, all these ensure safe and successful investment.

The project Kavarna Hills is located at 5 minutes walking to the yacht port and an excellent sandy beach, with bars, restaurants, a discotheque, shops, and stands in summer time.

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Facilities on the Complex

• One hundred  apartments (fully furnished)
• Beautiful gardens
• Swimming Pool
• Large waterfall
• Restaurant
• Fitness centre
• Sauna
• Underground parking
• 24 hour security

What makes Kavarna Hills a good investment?

1. Perfect location to yacht port
2. Proximity to the Golf Courses
3. Guaranteed rental income for 2 years!
4. Reputable Spanish developer with 40 years of experience!
5. Fully declared value on the Title Deeds!
6. Favourable deferred payment terms – 50% is payable upon completion!

This development has guaranteed rental income of 6% for the first two years

Prices:

One bedroom apartments start from €66,000 plus 20% VAT ( approx. £45,517 )

Two bedroom apartment start from €92,000 plus 20% VAT ( approx. £63,448 )

Three bedroom apartments start from €108,000 plus 20% VAT ( approx. £74,483 )

The apartments are sold at 100% fully declared price, which is still very rare in Bulgaria!

Payment Terms:

An apartment can be reserved by paying a fee of €2,400 which is fully refundable if the client decides not to proceed with the purchase after inspecting the site.

The stage payments are as follows : -

• 30% of the total price with VAT, less the 2,400 euro reservation fee, up to 5 days after signing the preliminary contract.
• 70% of the total price with VAT - on completion.

Completion Date:  December 2007 (the latest). Construction commenced in November 2005.

WHY KAVARNA?

·        Only Golf zone in the entire Black sea coast. 2 golf courses in progress, one of them developed by Gary player. Whole year rental potential.

·        New modern marina to be built.(approved by town hall)

·        Not so developed as other saturated places as sunny beach or Golden Sands.

·        Whole year rental potential.

·        Lower price per sq m, better chance to boost your investment.

·        Only 30 minutes from the major Black Sea Airport at Varna.

·        Kavarna has 2 modern Hospitals, restaurants, discos, shops, cinemas etc, Kavarna beach is 4 km away, close for amenities but far enough to be a quiet place.

·        Stunning forest, mountains & sea Views.

Distances

From the first Golf course - 5 km
From the second Golf course - 10 km
From Balchik - 17,5 km
From Albena - 30 km
From Golden Sands - 40 km
From Varna - 55 km
From Varna International Airport - 60 km

WHY BULGARIA?

• EU entry in 2007.
• No material currency fluctuation. Fixed exchange rate of the lev against the euro.
• Stable government.
• Bulgaria has averaged 4,9% growth since 2000 and has begun to attract significant amounts of foreign direct investment. real growth rate 2004:5.3%
• The average yearly temperature is 10.5 °C.Average temperature (April - September): + 23 °C.  28º during July – September.
• 90% Christian Orthodox. No religious fanatism.
• Much of the Black sea coast is covered by long beaches with fine white sand. The sea itself is non-tidal, less salty and warmer than the Mediterranean. The tourism sector has flourished in recent years and holds a firm lead in the Bulgarian economy
• NATO membership achieved in 2004
• Bulgaria voted No. 4 tourist destination worldwide by The Washington Post
• 22% average annual growth of tourist arrivals for 2002 – 2004
• 43% year-on-year increase in British tourists for 2003

Booming real estate sector: 25% price growth in the last 12 months

Location

Address Kavarna, North Varna, Bulgaria

Sales contacts

Telephone 0161 904 0004