NWPL BULGARIA      

Excelsior: Last chance to buy in the heart of the resort!

GUARANTEED RENTAL
EXCELSIOR - last chance to own a property in the best location of Bulgaria’s Premier beach resort .. front line .. 1 minute from the central sandy beach .. close to all the top bars and restaurants ..

EXCELSIOR is all about LOCATION .. but add in the classic DESIGN, exceptionally high QUALITY … and that’s why this is, without doubt, a premium choice investment that will continuously appreciate over time!!

Excelsior - an exclusive development where the discerning few will fulfil their dream of a luxury holiday home just moments from the beautiful sandy beach… Featuring an elegantly clean and classic exterior design, combined with a first-class interior finish of the highest quality, the luxurious Excelsior Apartment complex stands head and shoulders above its neighbours in a truly exceptional location, right in the heart of Sunny Beach. From this unique position, a short stroll through the landscaped gardens and tree-lined avenues brings you to everything that makes Sunny Beach the biggest, the busiest and the most popular beach resort in Bulgaria.

Excelsior is a superior development where classic design and luxury finish combine to ensure an unforgettable holiday experience. The inspiring complex will feature five residential floors offering a selection of studios, 1-bedroom and 2-bedroom apartments, benefiting from exclusive and highly individual living spaces and providing the quality and convenience you would expect from a sea resort holiday home. The new development will incorporate a range of luxury hotel-level facilities including: a private swimming pool and pool bar set in landscaped gardens with mature trees, an integrated shopping centre with a wide selection of retail units, a pavement cafe-bar and the large and fashionable Dreams restaurant. With a stylish contemporary outlook, excellent amenities and its superb location, the Excelsior Apartment Complex is a rare opportunity to own an exclusive holiday home with exceptional investment potential.

Excelsior Apartments will be fully finished for 30th May 2007. Internally the apartments have been created to fit the demands of a modern holiday home and designed to cater for a range of lifestyles, providing a variety of layouts including: fully fitted open-plan kitchens, spacious living rooms, elegant bedrooms and luxurious family bathrooms. All ground floor apartments lead out on to attractive patio areas and to the wooded gardens and swimming pool, whilst the apartments on the higher floors are equipped with large balconies, providing stunning and far-reaching views over the sea and the centre of the resort. In this wonderful location the internal space is just as important as the outside and the communal areas are finished to the same high standards as the apartments themselves.

All Excelsior Apartments will be sold fully completed with a kitchen included and ready to furnish!
Details:
Entrance Hall:
- tiled floors
- insulated, plastered and latex painted walls
- ground-coated and latex-painted ceilings
Kitchens:
- laminated floors
- insulated, plastered and latex painted walls
- ground-coated and latex-painted ceilings
- sink with fitted taps
- cupboard units
Living rooms:
- laminated floors
- insulated, plastered and latex painted walls
- ground-coated and latex-painted ceilings
- air-conditioning
Bedrooms:
- laminated floors;
- insulated, plastered and latex painted walls
Bathrooms and WC:
- fitted with taps, fittings, bath or shower unit, toilet bowl and sink
- tiled floorings
- faience tiled walls
Common parts and staircases:
- terracotta floors
Outside the building:
- large private swimming pool
- stone patios and wooded gardens with grassed areas will surround the complex.

!!! EXCLUSIVE OFFER !!!

Currently, the developers offer a spcial optional price for each Excelsior apartment. This price is for a fully furnished and ready-to-move-in apartment!!! (have a look at the pricelist below)

The level of finishing of Excelsior Apartments will be in accordance with the highest construction standards and will incorporate air-conditioning and substantial outer wall thermo-insulation. All windows will be double glazed, with aluminium frames. Telephone, Internet and TV cable services will be laid and connected. Each apartment will have quality wooden doors and a solid front door with security locks.

Our partners at www.Furnish.BG have prepared attractive furnishing packages for Excelsior Apartments priced from 4500 Euros depending on the size of the apartment and the standard required. For buyers interested in renting out their apartments Furnish.BG offer special packages for this purpose.

GENERAL CONDITIONS
No company is required to own an Excelsior Apartment
All owners who rent out their apartments must pay rental income tax of 15%. We will collect and pay this for you.
Owners who have a rental contract with Property Management BG can use their apartment whenever they wish, provided that they have notified the booking office 30 days in advance (although at low demand times this may not be necessary). You will be charged only the cleaning costs for staying.

Maintenance of Communal Areas:
The annual maintenance charge is 7 Euro per sq.m. (VAT inclusive)
This will cover the following:
Maintenance of the gardens.
Maintenance, cleaning and electricity bills for the common parts.
Maintenance and cleaning of the swimming pool
Security services
Standard repairs occurring from the normal use of the building.

The Excelsior developers now offer an option for:

8% GUARANTEED RENTAL INCOME for all Excelsior apartments

- AT LEAST 4% FOR YEAR 2008

- AT LEAST 4% FOR YEAR 2009

* * * * * * * * * * * * * * * * *

PROPERTY MANAGEMENT

A first class property management service is provided by our partners Property Management BG, who are leaders in this field in Bulgaria. The charge of 400 Euros per year covers the following services:
Management and maintenance of all relevant documentation.
Organization of any and all maintenance required at the apartment.
Regular communication with you the owner in case of any unexpected event, and to produce at your request documentation for any and all expenses made on behalf of the property.
Organization and payment of any and all expenses relating to the property to third-party suppliers: for example, bills for power and water supply, cable TV, Internet subscription, cleaning and the general maintenance of the apartment and the cleaning and maintenance of the common parts of the building, including repairs and renovation as and when required etc.
Web access to the bookings made for your apartment by the tour operator so you can see the availability for yourself, friends and family.
Organization of the issue of any categorization papers, licenses and similar required by the law for the short-term or long-term rent of the property.
Organization and the payment of the annual property tax and waste collection fees.
Organization, filing and submission to the tax office of the annual tax statement and payment of any and all tax due by the apartment owner for income relating to the rental of the apartment.
Marketing the property to tour operators and travel agencies for rental to their client base of tourists.
Reception desk services and dispatch, key services to incoming and outgoing tenants/visitors.
Registration of the tenants as foreign citizens with the local police station as required by the law.
Holding funds on behalf of the apartment owner, to be used against outgoings directly related to the apartment or common parts under the terms of the virtual freehold.
Organization, bookkeeping and the storage and maintenance of all records and received invoices, payment receipts and other documents from third-party service providers, agents, local authorities and tax administration bodies etc.
Representation of the apartment owner and protection of his/her rights and execution of his/her will before any and all third-party service providers, agents, local authorities, tax administration bodies and tenants etc.

LETTING MANAGEMENT

Buyers who wish to rent out their apartments to tourists can use the services of Property Management BG in partnership with major international and local tour operators selling beach holidays in Bulgaria. The local offices of the company will market Excelsior Apartment Complex locally in Sunny Beach and the southern coastline area to individual tourists. Excelsior Apartments will also be advertised by the main reservation systems for the Bulgarian Black Sea Coast www.BeachBulgaria.com
Owners will be offered fixed rates for short-term rentals. All expenses for short-term lettings (electricity, water, cable TV) will be charged to the owners account. Long-term rents are subject to additional negotiation between the tenant and the apartment owner, which will be handled by us on your behalf. Usually for long term lettings all expenses are covered by the tenants. Our experience shows that short-term rental provides a higher rental income and we expect that Excelsior Apartments will bring in between 8 and 10 % as an investment return per annum from rental.

PLEASE NOTE THAT 20% VAT IS INCLUDED IN THE PRICES BELOW. THIS IS THE FINAL PRICE THAT A BUYER WILL PAY, EXCEPT FOR TAXES AND NOTARY FEES.
It is not necessary to come to Bulgaria in order to reserve an apartment or sign the preliminary contract.

PAYMENT PLAN:
You can secure your apartment now by contacting the agents enumerated below. You will then receive a Preliminary Contract together with details of your selected payment plan as described below.

Payment plan
- 5% deposit when reserving the apartment (non-refundable)
- 25% of the apartment price when signing preliminary contract
- 30% on or before 30 November 2006
- 30% on or before 01 April 2007
- 10% on or before 30 May 2007 when receiving the documents for property of the apartment

Discount option - with 3%
- 5% deposit when reserving the apartment (non-refundable)
- 95% payment on return of Preliminary Contract

EXCELSIOR APARTMENTS: PRICES, SIZES AND AVAILABILITY (constantly updated and valid)

N.B.! There are two prices specified for each apartment. The first price is for an unfurnished apartment and the second price, marked with ‘ * ‘ is for a fully furnished and ‘ready-to-move-in’ apartment !!!

Send Enquiry