Development project in Marina Bay complex in Kranevo

Marina Bay is a high-quality development of apartment blocks with panoramic sea views and within walking distance of both the beach and Kranevo centre.
The complex was designed to comprise, in total, 453 apartments in 30 blocks, most with uninterrupted sea views over Varna bay. 11 of these blocks have been completed and apartments have been sold at prices averaging approximately EUR 1,300 per square metre.

On offer are the Construction Rights to finish the development in accordance with the original plan. This comprises 19 blocks with a total built-up area of 21,170 square metres. Each block is designed to accommodate 15 apartments over 5 floors.

Under the the Bulgarian Property Act, Construction Rights are independent of land ownership. The owner of the rights has the right to build and own property on the land in question and additionally has the right to use the land in any way that is necessary for the proper construction and use of the buildings. Properties built can be sold by the owner of the Construction Rights to third parties in the normal manner.

The development is situated close to the centre of the village, with its many shops and restaurants, and about 400 metres from the beach. There is vehicle and pedestrian access from Kranevo’s main street to the north east and from the E87 highway, which passes the iconic Marina Bay tower, to the south west.

Construction plans and drawings of Marina Bay have been prepared in accordance with both European and Bulgarian building standards by two
experienced teams of architects. All construction to date has been under the supervision of Bureau Veritas and Construction Supervision Varna to maintain quality objectives and ensure compliance with both Bulgarian and EU standards and regulations.

1. Foundations of high-quality reinforced concrete, protected with high quality waterproof insulation.
Superstructure incorporating earthquake protection system.
2. Roof protected with high-quality waterproof insulation and covered with red ceramic tiles. Rainwater disposal system includes metallic gutters.
3. Drainage and sewage systems underground. Connected to the municipal network.
4. 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. ТV, telephone and internet cables pre-installed. Video entry phone. Connection to the national water and
electricity utility networks.
5. Walls constructed in red ceramic bricks. Тhermo-insulated outside walls. Inside walls and ceilings finished with rough and smooth plaster. White latex painted ceilings. Uniform neutral colour to inside walls.
6. Façades, according to Bulgarian regulations incorporate thermal insulation, covered with mineral render. PVC windows with double glazing.
7. Front door with security lock system.
8. Internal doors MDF laminated, fitted with ironmongery.
9. Cream marble floor in entrance, corridor, kitchen, living room and bedrooms.
10. Bathroom walls and floors finished with ceramic tiles. Shower unit, toilet, washbasin, monobloc tab and shower equipment in every bathroom. Suspended ceiling with lighting system.
11. Тerrace floors of concrete structure, finished with ceramic tiles. Railings in cast iron.
12. Communal stairs and entrance halls of concrete structure, finished with ceramic tiles. Elevators in every block. Stair rails in metal or glass. Central lighting operable on every floor.
13. Swimming pools with separate zone for children. Security gates guarded 24-hours.
14. Landscaped communal gardens and green areas with benches and soft lighting

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.