WATERFRONT
 
GUARANTEED
INCOME

Investment property in gated complex Penelope Palace


Property type - All
Hotel room
(Apartment, Studio, 1-bedroom apartment, Investment project, Hotel room)


Location
Pomorie / Bulgaria

Number of bedrooms
1

Bathrooms
1


Total area
247.24 sq.m

Price
  445,000
  1,800 €/sq.m

More property features

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Info pack

Finishing
excellent

Furnishing
Fully furnished

Bathrooms
Bathtub, Fully fitted bathroom

Bathrooms
Laminate flooring, Tiled flooring

Distance
7km

Distance from the property to major attractions
  • Airport : 7km
  • Stop of the public transport: 300 m
Views from the property
  • Bay views
  • Beach views
  • Mountain views
  • Sea views
  • Swimming pool views
Construction
  • Brick-built
  • Reinforced concrete structure
Heating
  • Air-conditioners

Excellent investment offer including 5 modernly furnished hotel rooms in the calm and quiet spa and seaside resort - Pomorie. The gated complex Penelope Palace is located in close proximity to the beach and hotel "Sunset Resort", near Sozopol, Duni and Chernomorets, in proximity to a richly landscaped park area and SPA centers.

The offer includes:
Two double rooms with two extra beds - 49.65 sq.m. each;
Two studios with kitchen suitable for dining for two - each of 47.3 sq.m.
Luxury studio with kitchen with dining area for 4 people - 53.34 sq.m.

The total area is 247.24 sq.m. The final price is without VAT. There is option for 1 year installment plan without %.

IMPORTANT! The property includes guaranteed rental income for a period of five years - 17,800 per year (4%) or 89,000 for the entire duration of the contract.

From the annual profit of 17,800 are taked the following costs:
Annual fee for maintenance and management (10 euros per square meter excluding VAT)
20% fee of accommodation per night, which includes all costs for cleaning, laundry, maids, promotional activities, signing contracts with travel agencies and others
Costs (electricity, water, TV, Internet)
Travel insurance

All rooms are fully equipped and have a license from the Ministry of Tourism. For the entire duration of the contract the owners do not have the right to use the premises free of charge. If used, the amount of 17,800 will be reduced.

Penelope Palace is a wonderful complex for holiday usage and permanent residence, which is located a few meters away from the sea, right next to the Sunset Resort complex and close to a sandy beach. The complex offers a unique combination of comfort and luxury; it is fully constructed and operational.

The complex is characterized with modern architecture and excellent infrastructure. It consists of one building with two separate sections, set on six floors with several entrances served by modern hydraulic lifts. The apartments are 131 in number, offered at 'turnkey' condition. There is a choice of studios, one and two bedroom apartments. Almost all the apartments come with views towards the sea.

Features and services complex "Penelope Palace"
24-hour reception desk and lobby bar
Year-round 24-hour security service
Outdoor swimming pool with sea views and a special section for children
Restaurant with garden and panoramic sea views
Sky Bar
Shopping center
Spa (year-round) with a Finnish sauna, relaxation area with heated seats and Jacuzzi, steam bath, massage room
Fitness center
Children's playroom
Childrens playground on the beach
Conference hall with a capacity for 70 people and the necessary multimedia
Landscaped common areas
Underground parking

The complex is designed to serve people with disabilities and in wheelchairs. An access to the beach is offered as well.
The spa, fitness center, conference room and the restaurant in the complex operate on a year-round basis.

Additional Services
Free unlimited Wi-Fi internet access throughout the complex and the hotel rooms
Dry cleaning, laundry and ironing services
Transfers
Taxi and rent-a-car services
Paid secured indoor parking
Excursions and additional activities
Delivery of flowers and arrangements for special occasions
Baby-sitting (on request)
Reservations for restaurants
Tickets for social and cultural events

Why buy an apartment in Penelopa Palace complex
Ownership in a quiet seaside resort and spa center - Pomorie
Spacious apartments with a small percentage of common parts, suitable for family vacations
High quality construction with excellent materials
Maintenance and rental of vacation properties
Location of the beach, near the resort of Sozopol, Duni and Chernomorets
Well-developed infrastructure
Construction company with an impeccable reputation

Complex Penelopa Palace is located near the beach and the complex Sunset Resort and the spa centers in town. It is close to a landscaped park and enjoys wonderful sea atmosphere.

Not far from the complex are to be found many historical and cultural attractions, shops, restaurants and bars. The beach zone of Pomorie is 7 km long, with three very beautiful beaches with smooth flat seabed. The sand beaches in the resort have healing properties as it is rich in iron. Nearby is also set the saltwater lake - Pomoriiska luga, and a bird center.

The complex is located 7 km from the Bourgas airport and 18 km from the city center. Pomorie offers two port terminals and a railway freight station.

Viewings
We are ready to organize a viewing of this property at a time convenient for you. Please contact the responsible estate agent and inform them when you would like to have viewings arranged. We can also help you with flight tickets and hotel booking, as well as with travel insurance.

Property reservation
You can reserve this property with a non-refundable deposit of 2,000 Euro, payable by credit card or by bank transfer to our company bank account. After receiving the deposit the property will be marked as reserved, no further viewings will be carried out with other potential buyers, and we will start the preparation of the necessary documents for completion of the deal. Please contact the responsible estate agent for more information about the purchase procedure and the payment methods.

After sale services
We are a reputable company with many years of experience in the real estate business. Thus, we will be with you not only during the purchase process, but also after the deal is completed, providing you with a wide range of additional services tailored to your requirements and needs, so that you can fully enjoy your property in Bulgaria. The after sale services we offer include property insurance, construction and repair works, furnishing, accounting and legal assistance, renewal of contracts for electricity, water, telephone and many more.
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Location
(approximate)

This is the approximate location of the property. Please get in contact with us to learn its exact location.

Plan of construction

The construction of the complex Penelopa Palace took place in the period October 2008 - May 2011. The complex has a Permit for Usage (Act 16) and is functioning.

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