Marina Bay

Relax...
Sip a cup of fragrant coffee...
And allow us to transport you to the marvelous project site of Marina Bay Kranevo...

Nature, however, is at her most glorious on the stunningly beautiful Black Sea coast. 380km of sun-washed beaches fringe the shoreline, lapped by the shimmering, looking-glass sea. Clean and rich in healing minerals, the Black Sea waters are perfect for bathing, and many of the beaches have been awarded Blue Flags. Picturesque bays and undulating sand dunes trim the densely-wooded interior, which is peppered with pretty villages and resorts. Bulgaria’s prized Mediterranean climate - flower-filled springs; dazzling summers; long mellow autumns – is favorably disposed to coastal living. Days begin with the golden sunrise, and end with the stars on the moon-polished water.

Kranevo is a little haven, nestling between Golden Sands and Albena. Close to the site of a Roman fortress, and the fertile valley of the River Batova, the village has a sense of tradition and peace. Whitewashed buildings with red-tiled roofs and chocolate-brown timbers look paint-box bright against the Prussian-green hillsides. In Kranevo village the hotels and restaurants tend to be small and family-run. Visitors are greeted with genuine warmth, and are treated to wholesome Bulgarian cuisine.

Ideally-positioned on a wooded hillside, Marina Bay affords residents glorious views across the bay of Varna and the picturesque village of Kranevo. The silver-gold beach is only a five-minute walk from the development, and the village shops, restaurants and holiday amenities are all easily accessible. With extreme consideration for the beauty of the area, we have situated Marina Bay within extensive, handsomely-landscaped gardens, complete with swimming pools and a play-area for children. A gated community with a 24-hour security service, Marina Bay exudes peace and exclusivity. Moreover, with its close proximity to Varna International Airport (28km), and a plethora of golf-courses, park-lands and monuments, Marina Bay represents an inordinately exciting investment opportunity.

A gated community with 24-hour security, 5 swimming pools and a playground for children, Marina Bay has been designed to provide high-quality, luxury living. The 453 apartments have been arranged in 30 strategically-placed buildings, each with a maximum of 5 levels. While our 28 000 sq. m. plot offers the possibility of a larger urbanization, building volume has been sacrificed in order to preserve the beauty of the area, and to provide our clients with peace, privacy and extensive, landscaped, community gardens.

Phase I comprises 60 units of studios, one- and two-bedroom apartments, and exclusive penthouse duplexes. Located at the foot of Marina Bay, this phase is close to the parking facilities, and to Kranevo’s beach and amenities. Each apartment offers uninterrupted sea views that will not be affected by subsequent phases.

The maintenance and management of the communal areas will be controlled and organised by a professional company.

General Characteristics
Buying a property is always challenging, and purchasing abroad can be particularly so. Accordingly, in the following section we have tried to anticipate your questions about buying in Bulgaria, with a particular focus on Marina Bay. Please find below, information regarding the quality of the construction; building guarantees; modifications possibilities; utility connections; purchasing contracts; sales prices and delivery; and the overall and maintenance and management of the complex.

Construction plans and drawings of Marina Bay have been prepared in accordance with European and Bulgarian building standards, by two experienced teams of architects. The project consultants have carefully supervised the building plans, ensuring the expertise of the project, and have issued a report on building standard conformity. As a result, the building license has been obtained in October 2007.

Floor plans shown on the website correspond to the originals, and are drawn to scale. During the building process, some plans may be subject to small modifications that will not affect the statutory rights of the buyer. The developer reserves the right to change some of the materials as a result of product innovation. During the execution of the building, license specialists will methodically check, on-site, the conformity of the construction with Bulgarian building standards and regulations. Pipes, cables and conduits are concealed in the walls and under the floors. The complex is fully connected to national water and electricity networks. Surface water drains and sewers are connected to the public sewers. Personalization of the apartments will be possible following approval from the architect and project team. It is also possible to buy adjoining apartments and merge them in one.

Technical Specification
Foundations of high-quality reinforced concrete, protected with high quality waterproof insulation.
Superstructure incorporating earthquake protection system.
Roof protected with high-quality waterproof insulation and covered with red ceramic tiles. Rainwater disposal system includes metallic gutters.
Drainage and sewage systems underground. Connected to the municipal network
Water and electricity systems in accordance with Bulgarian regulations. Pipes, cable and conduits are hidden. Switches, wall plugs and light-fixtures installed. 220 V European standard sockets with earth connection. TV, telephone and internet cables pre-installed. Video entry phone. Connection to the national water and electricity utility networks.
Walls constructed in red ceramic bricks. Thermo-insulated outside walls. Inside walls and ceilings finished with rough and smooth plaster. White latex painted ceilings. Uniform neutral colour to inside walls.
Façades, according to Bulgarian regulations incorporate thermal insulation, covered with mineral render.
PVC windows with double glazing.
Front door with security lock system.
Internal doors MDF laminated, fitted with complimentary ironmongery.
Cream marble floor in entrance, corridor, kitchen, living room and bedrooms.
Bathroom walls and floors finished with attractive ceramic tiles. Shower unit, toilet, washbasin, monobloc tab and shower equipment in every bathroom. Suspended ceiling with lighting system.
Fitted kitchen includes low and high level wall cupboard units in laminated MDF. Quality worktop and sink with tab. Hob, cooker extractor hood and fridge from quality brands.
Terrace floors of concrete structure, finished with atractive ceramic tiles. Railings in cast iron
Hot/cold air conditioning system installed in the living room.
Communal stairs and entrance halls of concrete structure, finished with atractive ceramic tiles. Elevators in every block. Stair rails in metal or glass. Central lighting operable on every floor.
Five swimming pools with separate zone for children.
Security gates guarded 24-hours.
Landscaped communal gardens and green areas with benches and soft lighting.

Completion works
Entrance -> Floor - Cream marble, Wall - Plaster painted with neutral coloured plastic paint, Ceiling - White plastic paint, Video entry phone
Living Room -> Floor - Cream marble, Walls - Plaster painted with neutral coloured plastic paint, Ceiling - White plastic paint, Optional fireplace
Kitchen -> Floor - Cream marble, Walls - White plastic paint, Fridge, hob, cooker extractor hood, sink, tap, Kitchen cupboards and equipment
Bedroom -> Floor - Cream marble, Walls - Plaster painted with neutral coloured plastic paint, Ceiling - White plastic paint
Bathroom -> Floor - Cream marble, Walls - Ceramic tiles, White plastic paint, Ceramic shower tray, toilet and washbasin, monobloc tap
Terrace & Balcony -> Floor - Terracotta tiles, Cement-based render, Iron grills

Furniture
The Marina Bay team and Bulgarian Properties Ltd. can recommend interior designers who will help you to create a stylish and comfortable home.

Maintenance
An external company will be contracted to clean and maintain the communal areas and the pool. This company will be selected as a result of its ability to offer a wider range of services to the residents of Marina Bay, including the cleaning of individual apartments.

Management
Management of the complex is not provided by the developer of Marina Bay.

Reservation and Agency Commission
Any apartment in Marina Bay Complex can be reserved by a non-refundable deposit of 1 000 EUR, payable by credit card (VISA, Master Card) or bank transfer to the bank account of the developer. The buyer is expected to sign a preliminary contact with the development company and to pay the first installment within 14 days after reservation.

Payment Plans
Standard
• 1000 EUR reservation deposit (non-refundable), which sum shall be deducted from next payment
• 40% first installment within 14 calendar days after reservation on signing the Preliminary contract
• 20% second installment within 1 month after the signing of the preliminary contract
• 20% third installment on Act 15 (approximately March 2009)
• 20% last installment on transferring of ownership (approximately May 2009)

Discount of 5% of the selling price
• 1000 EUR reservation deposit (non-refundable), which sum shall be deducted from next payment
• 70% first installment within 14 calendar days after reservation on signing the Preliminary contract
• 20% third installment on Act 15 (approximately March 2009)
• 10% last installment on transferring of ownership (approximately May 2009)

Prices, Sizes, Availability
All Marina Bay Complex will be completely finished with VAT included in the price. The total price paid will be fully indicated on your title deeds. Every owner of property in Bulgaria pays an annual real estate tax and local communal tax the amount of which depends on the size of the property. The additional costs that you have to pay for transferring the ownership is amounting to about 5% of the selling price of the property.

The project will be released on seven phases. At the moment on the market are the properties from Phase I.

Prices, Sizes, Availability
All Marina Bay Complex will be completely finished with VAT included in the price. The total price paid will be fully indicated on your title deeds. Every owner of property in Bulgaria pays an annual real estate tax and local communal tax the amount of which depends on the size of the property. The additional costs that you have to pay for transferring the ownership is amounting to about 5% of the selling price of the property.

PROMOTIONAL PRICES UNTIL 31.12.2009.