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Ref. Number:	AL02BG005
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Property description

      Vantage Heights complex is created by a British development company that understands what you are looking for.


     Vantage Heights is magnificent complex situated on the North Bulgarian Black Sea coast, 20 km. from Varna and just inland from the the sandy beaches of the famous sea resort Albena. With superb panoramic, sea and inland view within easy reach of the sea capital and its international airport, you will find that this is a most picturesque, exclusive and relaxing holiday destination. Magnificent sceneries and extensive facilities will help you forget the stress and noise of dynamic city life and enjoy tranquillity and delightful contact with nature.


     The area benefits from the lovely Albena resort, which offers golden beaches and exuberant greenery in combination with various entertainments and and rich nightlife. There will be a regular minibus service, taking you straight from the lobby to Albena in 6 minutes. For those wanting to practice their swing there is a golf driving range just 500 m away from the complex and a choice of three golf-courses within a 20-minutes drive. You can also visit the sea capital Varna, which is unrivalled in its charm and cosmopolitan atmosphere, unquestionably the best coastal area for sightseeing and entertainment. Vantage Hights` overall position enables easy access to the best of the Black sea coast, yet remains away from the hustle and bustle in an exclusive unspoilt location.

     Facilities:

     Onsite will be an extensive array of facilities to entertain and relax you, these will include:

     Swimming:

• 760 sq.m. two tiered Swimming Pool
• 2.7 m. Waterfall
• Children's Pool
• 2 external Jacuzzis

     Spa Centre:

• Turkish Baths
• Steam Baths
• Saunas
• Wraps
• Pearl Bath
• Whirl Pool
• Body and Face Massage
• Manicure
• Pedicure

     Sports and Leisure:

• Tennis Court
• Squash Court
• Basketball
• Fully equipped Gym
• Full size Snooker Table
• Full size Pool Table
• Aerobics

     Food and Drink:

• 100 seat Restaurant
• 120 seat Panoramic Terrace
• Two Pool Bars providing snacks and drinks
• Lobby Bar

     Other Onsite Facilities:

• Hairdressers
• Bureau de Change
• Cash Machine
• Doctors Surgery
• Conference / Multipurpose room
• Underground car parking
• General Shop in the lobby
• Regular Minibus service to the beach
• One Acre of Landscaped Parkland

     Nearby:

• Jeep Safari
• Windsurfing
• Paragliding
• Jet Skiing
• Waterskiing
• Golf Driving Range and three 18 hole courses

     The Apartments:

     There will be 190 apartments at Vantage Heights, all are planned in one phase and the doors will open in Spring 2009.

     The complex consists of several buildings, the largest of which (Mansion House) houses the entrance lobby, reception and most of the facilities. There are ten other separate buildings which are designed as detached villas, each contains twelve or eighteen apartments and have a penthouse floor that can be split into two or adjoined as one.

     There is a full range of apartments to choose from, sizes below include terraces and common areas:

• Studios from: 32 - 39 sq.m.
• One Bedroom Apartments from: 51 -75 sq.m.
• Two Bedroom Apartments from: 86 - 170 sq.m.
• King and Queen Penthouses from: 75 - 170 sq.m.

     Furnishing:

     As many of these apartments will be rented there is no room to compromise on the quality of the furnishings, fixtures and fittings. All of the chosen products will need to stand the test of time so it is in everyone's best interest to invest in quality from the start.

• All apartments are fully furnished. Investor offer choice of furniture packages
• Air-conditioning is included
• TV and DVD player are included
• All apartments are finished with fitted kitchens and bathrooms
• All accessories from the bed linen to the roasting dish are included too

     Disabled Access:

     The main building has been designed with the entrance, lobby, restaurant, top swimming pool and sun terrace all on one level and as such it offers easy access. In addition, Mansion House also has two lifts which will allow wheelchair access to the upper floors. Should it be required we will appropriately modify the doorways and bathroom of your chosen apartment without any additional charge.

     Water Source:

     To add to the unique nature of this development all water onsite will be mineral water sourced from an aquifer 1000m below the hillside. More than 250,000 Euro will be spent to bring the spa centre, swimming pools and even your taps a flow of pure mineral water. We're convinced that you will be able to taste the difference.

     Management Fee:

     In order to keep the complex in good working order there is an annual management fee of 10 Euro / sq.m. excluding VAT. This covers the costs of heating, lighting, cleaning and maintaining the 'common areas', which constitutes areas such as the lobby and corridors which are owned collectively by all buyers.

     Rental Guarantee

     At Vantage Heights Complex a professional management team will be in place to provide a rental service, thus creating an additional income for you that is above and beyond the 5% guaranteed by contract. The rental payments will therefore come in two parts:

• Firstly, you will receive 5% of your total investment (paid biannually), for two years, guaranteed.
• Secondly, in addition you will receive an equal share of the total rental income for the complex. This will be based on your apartment type and size and will be subjected to a 25% rental management fee.

     We predict that your total income from rental will be closer to 8% over the first two years. After this time options will be volunteered to continue with a private rental agreement for your apartment.

     For buyers who accept the rental guarantee the costs of water and electricity will be covered by us for the duration by development company, however the rental management fee will still apply.

     Access to your property under the rental agreement:

     We do prevent access to your apartment, as such the following simple rules apply to every buyer that uses the rental guarantee.

     You will have unrestricted access to you property during off-peak times of the year.

• During peak season you will be required to give 6 weeks notice
• Usage during peak season will result in deductions from the rental guarantee

     Payment Schemes:

     To purchase any of the apartments you need pay a reservation fee of 1000 Euro. This will reserve an apartment for a period of 21 days, during this time you will need to agree and sign the preliminary contract. The reservation fee is non refundable, but can move moved from apartment to apartment before the priliminary contract is signed.

     Standard Scheme - No Discount

• 1000 Euro reservation fee
• 10 % upon signing of the preliminary contract
• 20% upon receiving the building permit
• 30 % after the foundations are completed
• 30 % after roof is completed
• 10 % (less reservation) before transfer of ownership

     Investor Scheme 1 - 5% discount

• 1000 Euro reservation fee
• 60 % upon signing of the preliminary contract
• 40 % (less reservation) before transfer of ownership

     Investor Scheme 2 - 10% discount

• 1000 Euro reservation fee
• 90 % upon signing of the preliminary contract
• 10 % (less reservation) before transfer of ownership

     Mortgage Scheme - No discount

• 1000 Euro reservation fee
• 40 % (less reservation) upon signing of the preliminary contract
• 60 % released by the bank

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Useful information HOW TO RESERVE?      You can reserve this property through us by transferring 500 Euro (or 1000 depending on the property) to our bank account. We will immediately pay the sum to the seller and we will take the property off the market. This amount will be deducted from the purchase price of the property when a Preliminary Purchase Agreement is signed with the seller and deposit is paid. HOW TO BUY FROM A DISTANCE Bulgarian Property?      You can now buy property in Bulgaria without having to travel the distance to Bulgaria using our unique service "BUY FROM A DISTANCE!" To find out more, please click here. VIEWING TRIPS:      Bulgarian Property Ltd. can arrange a viewing trip to this Bulgarian property. Please contact us by e-mail or telephone for further arrangements.
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