NWPL BULGARIA      

Wide sandy beaches and clear, azure seas. Picturesque views and unrivalled natural scenery. Great water sports action or just pure relaxation. Long and balmy summer days and a friendly family atmosphere.
This is Lozenets - the most popular and fastest developing beach resort on the Southern Black Sea Coast

Ideal holiday homes and superb resort facilities. Elegance, style, comfort and innovative but subtle design. Easy and affordable purchase entry options and high investment potential
This is Emberli - a landmark addition to the high quality tourism developments in the resort

Emberli is a gated development of 116 apartments and a complete range of integrated facilities. Prices start from just 27925 Euro and all apartments are available for sale completely finished, with fully fitted bathrooms and ready for furnishing. As an option, we are also offering fully furnished apartments ready for immediate occupation or letting.

Located in the new northern part of the resort, neighbouring a wooded copse and a small stream, Emberli lies just a short stroll from the wide sandy beach. This is the key development zone of the resort and features only brand new villas, small apartment complexes and modern family hotels, fully matching the style and ambience of Emberli. The new 2-storey shopping mall and all the restaurants, shops, cafe-bars and attractions of Lozonets are within easy walking distance

Just a few years ago Lozenets was a quiet coastal village, visited mainly by local tourists during the summer months. Then the full opportunities of the area were discovered and Lozonets has now become the destination of choice for families and the discerning traveller seeking that special beach holiday. The sandy beach is big and wide and the summer days are hot and long. The sea is warm and clear and the northern end of the beach is dominated by a beautiful, natural rocky cape. The Lozenets coast is also renowned for its great water sports and it is here that you will find some of the best schools in Bulgaria for scuba diving, wind surfing and kite surfing, while the more experienced can rent a jet-ski or katamaran for their sporting action high-spots.

Investment Overview:
Lozenets has one of the widest stretches of beach on the southern coast and has been identified as the resort best able to cater for the growth in tourist numbers projected over the next five years. At the same time, though, Lozenets will continue to guard its natural environment and its ecology with great care. The area has some of the best virgin beaches on the Black Sea and just a few kilometres away, against the backdrop of the Strandja Mountain National Park, lies the Ropotamo River nature reserve, where licensed operators run river cruises into the heart of a forest landscape as wild and beautiful as any that you might find anywhere in the world.

Located some 60 km south of Bourgas (70 km from Bourgas International Airport), Lozenets is easily reachable in about 40-45 minutes on a new road, most of it a 4 lane carriageway. Following the extension of the Sofia-Bourgas motorway, now nearing completion, the capital of Bulgaria will be less than 5 hours drive away.

Lozenets has grown in stature and popularity over the past three years and there is now a high level of development taking place to accommodate the rising number of young families and couples visiting the resort every year. Apart from offering luxury beach holiday accommodation for these tourist groups, Emberli also has an extremely high potential for corporate activities such as company seminars and meetings, training events and team-building. This will provide high occupancy out of the active summer season and will bring greater rental income for owners. The expected investment return from rental is around 6-8% yearly.

The wide and varied selection of properties available, together with the low entry prices and attractive payment terms, make Emberli an ideal purchase for both first-time buyers and the more established investor. Current planning strategies for controlled building and infrastructure development will continue to add value to properties in the area and capital growth is expected to be at least as high as in any other beach resort over the coming years.

Facilities and Services:
Emberli is a beautifully designed modern development of 116 apartments, together with all the facilities necessary to ensure your ideal relaxing holiday, including:

• 24-hour Reception and Guest Services
• Stylish Mediterranean restaurant
• Lobby area and Guest Lounge with sofas and tables.
• Lobby bar serving refreshments and snacks.
• Mini-market selling food, drinks and cosmetics.
• Sports centre with modern gym and massage rooms.
• Beauty centre with cosmetic and hairdressing services.
• Outdoor swimming pool for adults
• Outdoor swimming pool for children.
• Childrens playground
• Landscaped gardens and green areas in the complex.
• Plenty of parking space with secure access.
• 24-hour on-site security.

Technical Specifications:
Produced by the progressive, award winning Bulgarian architects at “Art New Vision” studio, Emberli incorporates a unique L-shaped design style with the latest world trends in architecture and high functionality of the buildings throughout the whole complex. The integrated leisure facilities will ensure that Emberli is the most modern apartment complex in Lozenets and one of the best on the Southern Black Sea coast. Only materials of the highest quality will be used in the construction.

• Solid construction, with concrete and brick for all internal and external walls.
• External wall heat insulation, quality water insulation of the foundations and the roof.
• Mineral rendering on the external part of the building.
• PVC double glazing with sealed glass unit.
• Internal and external doors of laminated MDF
• Floorings of the common parts: Granite-grease tiles
• Floorings of the apartments: Terracotta
• Walls: plasterboards or gypsum smooth-plastered, latex painted.
• Fully fitted bathrooms and toilets: faience tiled walls and floorings
• Ceilings of the apartment: plasterboards, prepared for built-in lamps (no lamps included).
• Luxuriously finished communal areas of the building, with paintings and decorations.
• Modern elevators with automatic doors.
• Air-conditioner (OSAKA brand) in the living rooms of the apartments.
• Air-conditioned lobby and reception area and all commercial premises in the building.
• Landscaped garden and green areas.
• Installations for cable TV and Internet in the apartments, with sockets included.
• Wi-Fi high speed Internet in the lobby, reception, restaurant and around the swimming pool
• All electric sockets and switches installed.

Completion Works:
The entire complex, together with the building, the commercial and leisure facilities will be completely finished and functional. All apartments will be completely finished, with all floorings, painted walls and ceilings, electrical sockets and switches installed, air-conditioner in the living room, water supply and drainage system, electrical system and fully fitted bathrooms. The standard finish will be unfurnished but with a fully furnished alternative purchase option (see Prices and Availability below)

Construction Schedule:
The construction of Emberli will start in September 2007, immediately after the peak tourist season is over and the complex will be fully completed and functional in May 2009

Building Guarantees:
The building will receive quality guarantees from the construction company as follows:
• 10 years for the construction
• 5 years for the installations

Maintenance of the Complex and its Communal Areas (Compulsory):
Emberli will have its own year-round staff for maintenance and security. All apartment owners will be obliged to pay an annual maintenance charge of 8 EUR per square meter excluding VAT. This includes the following services:

• Maintenance, upkeep and cleaning of the communal areas, the gardens and the swimming pool.
• Expenses for water, electricity and internet of the communal areas.
• Maintenance of the elevators.
• 24-hour on-site security.
• Standard repairs arising from the normal use of the building.

Please note that the maintenance charge for the first year is included in the apartment price.

Property Management (Optional):
Buyers wishing to benefit from property management services for their apartment can sign a management contract. Their services are suitable mostly for owners who are not able to take personal care of their apartments. The annual management fee is 360 Euros excluding VAT and includes the following services:

• Snagging list for your property after completion (photos included). Co-ordination and arrangements with the developer, together with contunuing inspections until all problems are rectified.
• Management and maintenance of all relevant documentation.
• Organisation of any and all maintenance required at the apartment, including: regular cleaning, change and laundry of linen, preparation of the apartment for rental and daily cleaning when the apartment is occupied by tourists.
• Regular communications in case of any unexpected events and the production at your request of documentation for any and all expenses made in connection with the property.
• Organisation and payment of any and all expenses relating to the property to third-party suppliers: eg: bills for power and water supply, cable TV, Internet subscription and the general maintenance of the apartment, including repairs and renovation as and when required.
• Secure web access to the bookings made for your apartment by tour operators so that you can check availability for yourself, friends and family, and monitor your rental income.
• Organisation of the issue of any categorisation papers or licences required for the short-term or long-term rent of your property.
• Organisation and the payment of the annual property tax and waste collection fees (funds must be supplied by the apartment owner)
• Organisation, 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 and 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
• Organisation, book-keeping and the storage and maintenance of all financial records, received invoices, payment receipts and other documents from third-party service providers, agents, local authorities and tax administration bodies.
• 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.

The payment of the maintenance charge is on annual basis, payable at the beginning of the period.

Designed to function as a luxury Apartment Hotel, with accommodation and amenities matching 4-star classification, Emberli will be advertised locally and internationally as high standard apartment accommodation with plenty of leisure facilities. Initial agreements with leading international tour operators have already been achieved and Emberli will accommodate their tourists after its completion. In addition, extensive marketing will ensure that Emberli will enter
the tour operators’ brochures and catalogues, will be advertised at international travel exhibitions and fairs and will
be featured in all the main printed media and Internet websites for travel and tourism.

Furnishing:
The apartments are offered for sale unfurnished (with no fitted kitchen) but with an an alternative option for purchasing a fully furnished and fitted apartments (see Prices and Availability below for more details). Leading design and furnishing company will manage the overall furnishing of the communal areas of the complex and the apartments purchased with the fully furnished option. The full furniture pack includes everything necessary for the use of the property by owners and tourists, including:

• Beds, tables, cupboards and wardrobes – Italian design.
• Fitted kitchen including white goods: fridge, microwave, cookers.
• TV in each room, audio/video system (DVD, CD, MP3)
• Pots, pans, cutlery, crockery, kitchen implements
• Linen, towels, bedding etc.
• Lighting

General Conditions:
• All buyers will be required to sign a Preliminary Contract and a Contract for Maintenance of the building.
• No company is needed to own an apartment in Emberli.

Reservation of Apartments:
Any apartment in Emberli can be reserved immediately with a non-refundable holding deposit of 5% of the purchase price, payable by credit card or bank transfer. The deposit will hold the property reserved until the start of the construction in September 2007. After the construction starts the buyer will be required to pay the next instalment according to the chosen payment plan below.

Payment Plans
Two payment plan options are available.

Standard plan
• 5% of the purchase price non-refundable deposit when reserving your apartment
• 35% of the purchase price when the construction starts in September 2007.
• 30% of the purchase price when the second floor is completed (around February 2008).
• 20% of the purchase price when the building is at shell stage with all walls and roof completed (around June 2008).
• 10% of the purchase price when the whole complex is finished and fully functional (May 2009).

Discounted plan, 8% discount
• 5% of the purchase price non-refundable deposit when reserving your apartment
• 85% of the purchase price when the construction starts in September 2007.
• 10% of the purchase price when the whole complex is finished and fully functional (May 2009).

Prices and Availability:
Prices are final, inclusive of VAT, with the full purchase price declared on the title deeds. Please note that there will be additional charges of approximately 3 to 3.5% for notary fees, stamp duty and local taxes to be paid on exchange of title deeds and transfer of ownership.

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