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Ref. Number:	KN01BG001
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Property description

     Dive in the romance of sea waves and pearly beach lines while staying at Princess Residence Resort Complex!

     Princess Residence is the leading development in the coastal resort of Kiten. Thanks to its situated on the beach, owners and guests will literally be able to walk out of their door, and enjoy the golden sandy beaches and calm, warm waters of the Black Sea. Surrounded by beach and mountains and close to the centre of this beautiful resort, the location of this development is truly amazing.

     The development will be built to 5 star standard and will be a secure gated complex. Itwill cater for resident owners and tourists with a superb range of on site facilities. It has been designed to be the leading hotel / apartment complex in the area and is ideal for investors looking to generate a rental income and have a fantastic holiday apartment. Quite simply, Princess Residence is one of the best value 5 star developments in European beach resorts

     Princess Residence Resort Complex is a seven-storey building located on an area of 3200 sq. m., in close proximity to the seaside strip. The built-up area is 1405 sq. m., and the unfolded built-up area is 10175 sq. m. The building features 131 studio apartments, 15 two-room apartments and 8 three-room apartments. Modern construction materials and equipment will be used for the construction of the hotel. The finishing works and furnishing will be luxorious – in conformity with high category of the hotel and will provide the necessary comfort and convenience.

     Kiten is located on the Black Sea coast, just 65 km south of Bourgas . Just few kilometers away from the sea coast is situated the beautiful Strandzha Mountain. The town features two beaches – the North Beach (Kiten Atliman), as well as the South Beach (Kiten-South). The North Beach is covered with fine sand and is located at the far end of the Urdovitsa bay. The South Beach borders Kitenska River.

     Princess Residence services and amenities:

• 154 modern apartments
• reception desk, safety-deposit
• lobby bar
• modern SPA center, swimming pool
• professional fitness center
• exotic restaurant with a garden
• thematic restaurant
• hall for business meetings
• doctor's office
• shop and gallery
• currency exchange bureau
• kids room with a babysitter
• video games hall
• room service
• complete maintenance of the resort complex
• laundry, drying, ironing
• private parties organization
• additional private services
• air conditioning split system in the complex
• TV, audio, telephone and internet
• alarm and security service and video monitoring
• fire-alarm system
• accident alarm system and emergency announcement system
• a designed number of hotel rooms and 2 elevators equipped with appliances and facilities for service of disabled people, in accordance with the requirements
• a panoramic elevator which offers you a fantastic view towards the sea and beach attractions
• car park

     Completion date - 30/05/2008

     The apartments will be completely furnished!

• Kitchen equipment – cooking plate with 2 hobs, refrigerator, sink with hot and cold water mixer, cupboard with board
• Air-conditioner
• Guest room with TV set, small table, sofa, dining table with two chairs
• Furnished bedroom – 2 bedside tables, built in wardrobe
• Bathroom and WC – shower cubicle for studios, bath for apartments
• Additional quilts, plastic table for balcony with two chairs

     Maintenance package

     An all-year maintenance, repair work and security for 7 Euro/sq. m.

     Letting package

     Guaranteed rent under the terms of the contract

• 5% return for the year 2008
• 6% return for the year 2009

     Property management package

     The management of your apartment will be entrusted to the Manager of "Princess Residence".

     Payment options

     The apartment prices are determined on the base of their size, floor and view. They depend on the exposure of the room. The apartments are offered for sale, fully furnished under the following payment scheme:

• 1000 Euro nonrefundable deposit, valid up to 30 days of the date of the form signing
• 30% first installment, when signing the preliminary contract This installment is deducted of deposit's amount
• 30% second installment when the fifth slab is laid
• 30% third installment upon covering the building
• 10% fourth installment when when Act 16 is issued

     Distribution
          Availability and prices here

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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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