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Ref. Number:	SB01BG033
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Property description

     You have a chance, to invest wisely in this excellent "buy to let" or "buy to sell" investment located on the sunny Bulgarian seaside!

     Orpheus House III is new development, situated in Sunny beach West, within easy walking distance to the new and old town of Nessebar and 20 minutes walk to central Sunny Beach. The beach is a 5 minute stroll away Thewhole area has developed over the past 18 months offering shops, bars, restaurants and new -built hotels. The project is close to the stadium that has a football pitch, tennis courts and expansion of the facilities.

     We believe that the newly developed part of Sunny Beach West offers the opportunity to enjoy the amenities that both central Sunny Beach and Nessebar has to offer. On the seashore, you can feel the fascination of nature, the enchantment of history and the magic in the combination of contemporary with traditional. Here the sun and the sea create atmosphere of creativeness and tranquility.

     Orpheus House III consists of 3 buildings with a total built up area of 7000 m2. 2 buildings have five floors with elevators, a coffee shop, reception and a selection of small shops along with the third building that will have 3 floors with a roofed garden. To enhance privacy in each building, every block has its own entrances.

     This new complex will comprise of:

     Facilities:

• 40 studios and 64 one and two bedroom apartments all with balconies
• Outdoor pool suitable for adults and children
• Play area for children
• Seating area to relax
• Parking
• Reception
• Coffee Shop / Bistro
• Shops
• Secure complex with 24 hour security
• Landscaped Gardens with ornate paving

     This complex will also offer:

• Full management of the complex including maintenance package and Rental Options
• A choice of Furniture Packages
• Mortgage Offering
• The company will provide all year maintanance
• 10 Year Builders Guarantee

     Building specification:

• External Walls: Brick, thermo-and hydro-insulation covered with plaster and insulated with polymer material. All external edges of the wall masonry are protected with inbuilt metal corner strips
• External Wall Covering: All external walls are 25 cm made of bricks and covered by mineral plaster
• Windows: Double glazing (PVC)
• Doors: Solid wooden interior doors and entrance door with metal locking system
• Flooring: Granitogres flooring is used throughout. The bathrooms are covered with terracota
• Roofs and Terraces: Sloped concrete steel, covered with ondoline; wood; insulation; tiled with bitumen tiles. Terraces are covered by granitogres.
• Internal Walls: All internal walls are 12.5 cm made of brick
• Internal Wall Covering: The internal walls are treated with white latex on top of gypsum plaster and covering
• Bathrooms: Fully fitted bathroom with standard toilet, washbasin, shower tray and screen, single lever controlled taps, individual water-meters, extractor fan, covered electric water heater and fully tiled bathroom with Spanish and Italian tiles
• Kitchens: Fitted Kitchen units and worktops (appliances not included)
• Installations: Cable TV, Telephone socket with the opportunity for internet usage. Electrical sockets in the entrance, bedroom and Lounge/kitchen/dining area
• Air Conditioning and Heating: Warm and cool air-conditioning supplied in each room with individual thermostat each room except the bathroom and hall
• Other Installations: Smoke detector in lounge/dining/kitchen area
• Common Areas and Stairs: Hydraulic Elevators with automatic doors. capacity -4 people. Granitogres flooring on staircases and common areas. Secure PVC entrance doors and wall mounted light fixtures for stair areas
• Parking: Private parking with tarmac surface with marked spacing (limited spaces)

     Completion of complex June -July 2008

     Sales and contracting

     The sale shall be executed by a preliminary sale and purchase contract -the transfer in the notary's office shall be executed after the final settlement of payments between the parties.

     Step by step guide of the purchase process:

• Once you decide to reserve an apartment with us, please contact our Sofian office to send you a reservation form. You will be required to fill in the document, sign and send it back together with a reservation fee of 2000 Euros. Please note that your reservation fee is non-refundable. It will however be deducted from the first installment of the purchase price
• You will receive a Preliminary contract of sale and Management contract for the selected apartment(s) within 2 weeks
• As soon as you review the contracts you will be required to sign them and return one of each contract to our Sofian office. The other copy stays with you for your records. After signing the contracts you have 7 (seven) days to make your first installment as per the Preliminary contract
• We regularly update our website with pictures of the construction work. This will allow you to monitor the progress of your property
• Usually there are two more installment payments to be made prior to full completion of the property. All terms and conditions are described in the Preliminary contract
• Approximately one month prior to completion we will recommend you legal representatives, furniture options, rental oppertunities and more
• Upon completion of the property and payment of the final installment, the transfer of the title can take place
• In order to take delivery of your property, you will need to sign the "Notary Act". This is a standard form document transferring ownership of the property into your name
• You will receive title deeds within one month of the Notary Act from the local council. (Our Company will send these to You by courier)
• Maintenance of your property is covered by the Management Contract you signed upon purchase. This is charged at a fixed rate in euros per square meter per year

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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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