Selene Apartments

CONTACTS:

• UK buyers please call David Stillings
on 00359 899 993 993 or email dave@bgp.bg

• Russian buyers please call our Varna office
on 00359 52 685 555 or e-mail angelov@bgp.bg

• Other buyers please call our Golden Sands office
on 00359 52 355 165 or e-mail goldensands@bgp.bg



Located in Golden Sands these modern apartments are in a fine location being both in the resort and close to the beach.
Selene Apartments is the second part of the recently built complex Sunrise. The new building is situated in the south-east part of the complex and it is the final unit in the overall construction which began in the autumn of 2004. Building was commenced in November 2005 and the date of completion is 30.April 2007. The building will have one entrance and will consist of 20 one bedroom and 1 two bedroom apartments. On the ground floor there will be a coffee bar, a fitness centre and a beauty salon. There are many parking spaces for cars.
Painted in bright traditional Bulgarian colors the apartments are built into a slight hillside. There is a swimming pool which incorporates a children’s splash pool and a landscaped garden. The design has been built in a modern tiered design with a good sized balcony to the front of each apartment with wrought iron parapets. Materials used are to a high standard with quality golden oak UPVC windows and quality interior doors. The apartments feature fully fitted bathroom/shower rooms. There will be a stone effect cladding on the outside of the building. Around the apartments is a wooded area which is very bright and breezy. A short walk will take you to the sea shore and the many attractions and entertainment to be found here. There is a Water park called “Aquapolis” within easy walking distance too.

Golden Sands of course gets its name from the fine golden sand that runs for 4 km along the coastline here along a beach that is safe and suitable for all the family.
The water is clean and translucent in many places with the look and feel of the Mediterranean but if you buy a meal here along the coast you will soon see the difference in prices.
Opportunities to Scuba dive or go Fishing in the area are available here as well as many other water sports and beach activities
The Golden Sands resort is situated some 20 km from Varna the sea capital of Bulgaria which is an excellent location for you to visit from this property.
The town of Varna has shopping for all the family or friends with many sites of interest including Museums, Opera, Galleries, a Dolphinarium, Parks, Clubs, cafes, restaurants and bars. But you could easily spend all your time in Golden sands in your new purchase if you wish, as most of these attractions are situated there
East Management Ltd is another of the main advantages of the Selene Apartments as both a supplied technical service and management system and a full package of services that relate to the letting of the property, are offered by one of the most respected companies in business in Bulgaria.

Selene residential complex will host a variety of facilities, such as:
• Swimming pool with shallow children area
• Beautifully landscaped garden
• Cafe bar on the ground floor
• 24-hour reception & room service
• 24-hour security
• Tourist transportation fîr sight-seeing and Airport transfers to Varna
• Wi-Fi Internet throughout the whole complex
• Car hire facilities
• Parking lot
• Beautiful garden with lighting and pathways
• Fitness centre
• Modern beauty salon
• Massage

Development and apartment specifications:
• Building materials of high quality
• PVC double glazing with internal sealed units
• Plasterboard, latex painted walls and ceilings
• External insulation on all walls for maximum protection and efficiency
• Solid front door and internal doors of MDF
• Beautifully finished communal areas
• Bedrooms & Living rooms: laminated or terracotta tiled floors
• Shower and toilets: fully fitted with shower and all accessories, toilet bowl, wash-basin, floor and wall tiles


Furnishing
For your facilitation our partners at Furnish.BG have selected attractive furniture packages especially for apartments in this building, priced from 4000 EURO depending on the size of the apartment and the standard required. Packs for rental apartments will include everything necessary for both living and rental, including:
• Beds, cupboards, dressing tables, bedside lighting
• Kettle, toaster
• Pots, pans, cutlery, crockery, kitchen implements
• Dining table and chairs
• Sofa and easy chairs (that convert to a sofa bed)
• Linen, towels, bedding etc.
• TV’s in each room, a Hi-Fi system with CD and MP3 player,
• Table lights
• And everything else needed to make the apartment ready to rent



Maintenance of the comunal areas
Each complex needs serious and thorough servicing and the maintanance of its common parts where quality and high standards are of key importance. East Management has a highly qualified team of administrative and technical staff combined with a well developed network of servicing and booking offices throughout the country.The experience and scale of the company allow it to offer full quality servicing of the facilities, the infrastructure, the common parts of the building and the individual apartments.

East Management Ltd. provides the following:-
• 24 hour security of the whole area of the complex and the common parts of the buildings, as well as the parking spaces and garages
• maintenance, painting and repair of the common areas of the building and the complex
• repairs and maintenance of the roads and regulating of all alleys for cars, parking spaces and garage cells;
• cleaning and maintenance of the common areas of the building – inner yard and swimming pool
• maintenance and renewal of the green areas within the complex
• maintenance of the electrical, clean water and sewage systems as well as all other instillations and facilities on the area of the complex;
• organisation for the collection and payment of the expenses for water and electricity of the common parts;
• rubbish collection etc.

The annual maintenance fee is 11 Euros/sq.m (incl. VAT).

Property Management
As part of East Management network Selene will have a first class property management. The annual management fee of 400 Euros per year covers the following services:
• Snagging list for your property after completion (photos included). Co-ordination and arrangements with the developer, inspections, etc, until all problems are fixed.
• Management and maintenance of all relevant documentation.
• Organisation of any and all maintenance required at the apartment, inclusive of regular cleaning, change and laundry of linen, preparation of the apartment for rental, daily cleaning
when the apartment is occupied by tourists, etc.
• 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.
• 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, cleaning and the general maintenance of the apartment, including repairs and renovation as 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, or check your rental income.
• Organisation of the issue of any categorization papers, licenses or similar required by the law for the short-term or long-term rent of the property.
• Organisation and the payment of the annual property tax and waste collection fees (funds must be supplied by the apartment owner)
• Organisation, filling 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 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.
• Organisation, book-keeping 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
All buyers who wish to rent out their apartments to tourists can use the services of East Management in partnership with Property Management BG and the major international and local tour operators offering holidays in Bulgaria to holiday makers, golfers, surfers, etc.
The marketing department of East Management will run major advertising campaigns to attract tourists to these apartments. All modern techniques will be used including web marketing through the leading tourism portals and reservation systems in Bulgaria.
Print advertising in local, British, Irish, Russian, Bulgarian and other international media, together with the presentation of the complex at international exhibitions and travel shows. Targeted advertising to local tour operators and travel agents, as well as the leading British, German, Scandinavian, Dutch and Russian tour operators.
In addition Selene Apartments will be marketed locally in Bulgaria through the offices of East Management, to individual tourists and visitors.
For more information on the management & letting of your apartment you can contact our partners at office@eastmanagement.com.
Owners will be offered fixed rates per night for short-term rentals. All expenses for short-term lettings (electricity, water, cable TV, Internet) will be charged to the owner’s 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 Selene apartments will bring maximum 6% rental return during the first year and approx. 8-10 % during the second and next years, after the complex gains a wider brand recognition.

Payment Options:
STANDARD
• 5% deposit (non-refundable) when reserving your apartment
• 10% second payment when signing preliminary contract (within 30 days after reservation)
• 20% third payment at the beginning of September.2006
• 40% fourth payment at the beginning of December 2006
• 15% fifth payment at Act 15 (March 2007)
• 10% sixth payment at completion (April 2007)

DISCOUNTED WITH 5% OFF
• 5% deposit (non-refundable) when reserving your apartment
• 35% second payment when signing preliminary contract (within 30 days after reservation)
• 50% third payment at the beginning of September.2006
• 10% fourth payment at completion (April 2007)

• Prices are inclusive of VAT, with the full value declared in the Title deeds. On top of this price you will also need to pay the Notary fees, stamp duty and local tax (approx. 3- 3.5% of the purchase price). No other hidden costs.
• No company is needed to own an apartment at Selene.
• It is not necessary to come to Bulgaria in order to reserve an apartment or sign the preliminary contract.


BGP CHARGE NO AGENCY COMMISSION ON SELENE APARTMENTS

Prices and Availability (Constantly updated):

First Floor

Apartment No. 1
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 100,02 sq.m (actual 89,10 + 10,92 common parts), price 101 720 Euros.

Apartment No. 2
Two bedroom apartment. Consists of: entrance hall, two bathrooms with WC, living room with open-plan kitchen and dining area, two bedrooms and a terrace – total size 125,99 sq.m (actual 111,95 + 14,04 common parts), price 128 132 Euros.

Apartment No. 3
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 73,78 sq.m (actual 66,00 + 7,78 common parts), price 75 035 Euros.

Second Floor

Apartment No. 4
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 75,13 sq.m (actual 66,00 + 9,13 common parts), price 81 817 Euros.

Apartment No. 5
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 89,87 sq.m (actual 78,85 + 11,02 common parts), price 100 295 Euros.

Apartment No. 6
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 89,97 sq.m (actual 78,85 + 11,12 common parts), price 104 456 Euros.

Apartment No. 7
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 74,81 sq.m (actual 66,00 + 8,81 common parts), price 83 489 Euros.

Third Floor

Apartment No. 8
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 78,95 sq.m (actual 66,00 + 12,95 common parts), price 89 529 Euros.

Apartment No. 9
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 95,24 sq.m (actual 78,85 + 16,39 common parts), price 110 574 Euros.

Apartment No. 10
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 95,20 sq.m (actual 78,85 + 16,35 common parts), price 114 811 Euros.

Apartment No. 11
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 78,58 sq.m (actual 66,00 + 12,58 common parts), price 91 232 Euros.

Fourth floor

Apartment No. 12
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 75,13 sq.m (actual 66,00 + 9,13 common parts), price 96 017 Euros.

Apartment No. 13
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 89,94 sq.m (actual 78,85 + 11,09 common parts), price 118 991 Euros.

Apartment No. 14
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 89,94 sq.m (actual 78,85 + 11,09 common parts), price 118 991 Euros.

Apartment No. 15
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 74,87 sq.m (actual 66,00 + 8,87 common parts), price 99 053 Euros.

Fifth floor

Apartment No. 16
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 75,12 sq.m (actual 66,00 + 9,12 common parts), price 96 004 Euros.

Apartment No. 17
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 89,96 sq.m (actual 78,85 + 11,11 common parts), price 141 238 Euros. RESERVED (na)

Apartment No. 18
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 89,97 sq.m (actual 78,85 + 11,12 common parts), price 141 253 Euros. RESERVED (na)

Apartment No. 19
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and two terraces- total size 74,71 sq.m (actual 66,00 + 8,71 common parts), price 105 566 Euros.

Sixth floor

Apartment No. 20
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 98 sq.m, price 156800 Euros. RESERVED (rig)

Apartment No. 21
One bedroom apartment. Consists of: entrance hall, bathroom with WC, living room with open-plan kitchen and dining area, one bedroom and a terrace- total size 98 sq.m, price 156800 Euros. RESERVED (rig)