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Ref. Number:	SOZ01BG002
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Property description

     South Pearl Residence - for those seeking excellent climate, peaceful atmosphere, beautiful scenery and paradise beaches.

     South Pearl Residence is a luxurious development situated in Sozopol resort. Sozopol is evidently fast becoming one of Bulgaria's prime attractions and property investment hot spots on the Black Sea coast.

     South Pearl Residence is an ultra modern complex consisting of luxury apartments, with exceptional up-to-date architecture and captivating design. The complex enjoys excellent location - both in terms of communications and position - situated on the first line of the beach. South Pearl Residence, apart from the luxury homes with marvelous sea views, offers the potential investors a wide variety of specialist services and facilities, that turn a purchase in the complex into an investment of a lifetime. The complex will provide you with everything you have ever dreamt of during your summer vacation - luxury surroundings, clear sea waters, golden sands, quiet private beach, special attitude in every single corner of the complex, beautiful cars to rent, a yacht charter, beach entertainment, summer night romance -at South Pearl Residence you will find everything you have dreamt of - don't miss out on this great opportunity!

     With a total area of 4691.34 sq. m exclusive of the terraces the building offers a rich variety of apartment sizes and floor plans to satisfy the wishes and tastes of the most sophisticated clients.

• The restaurant is 127.31 sq.m.
• SPA centre and Fitness room with 160.17 sq.m.
• Lobby bar of 22.44 sq.m.
• 27 apartments of which 20 with one bedroom and 7 with two bedrooms
• 56 studios
• Common parts: 620.90 sq.m.

     The complex offers a great variety of facilities and entertainment opportunities:

• Panoramic restaurant with summer garden
• Lobby bar
• Reception desk - 24 hours
• Swimming pool with water cascade and pool bar
• Children's pool for the youngest guests of the complex
• Spa centre
• Fitness centre with up-to-date fitness equipment from renowned manufacturers and the best instructors will help you keep fit during your holiday
• Table-tennis also available
• Game area - billiards, arcade games, Internet cafe
• Shops
• Children's playground with attractions and child minders
• Lifts
• Parking with 24-hour security
• Outside security - cameras and security guards
• Around the clock medical care
• The building is provided with appropriate chambermaid rooms

     Spa Center:

     Perfectly located, the spa center of South Pearl Residence will show you the beauty and relaxing atmosphere of one of the best destinations on our Black Sea coast. The future owners will be able to take advantage of the super modern spa centre in the complex which provides all the following facilities:

• Sauna with 6 places - offering superb conditions for relaxation
• Hydro-massage tub with 6 places - in which you can relax embraced by the water stream and enjoy the unforgettable sense of recreation and pleasure
• Steam bath - offering aroma-therapy seances
• Massages- from high qualified specialists
• Solarium- with high class equipment for getting healthy-looking tan and natural sun-protecting mechanisms
• Fitness hall- with the most up-to-date equipment from the world

     The spa procedures are created individually for each single client lasting from one hour or one day up to a complete spa vacation program. All guests can obtain an expert opinion and advice from a lifestyle consultant of their own who is going to prepare for them an individual food regime, and a fitness plan in accordance with the spa program selected, also procedures for couples or separate procedures.
     The private spa premises are to combine the best of aroma-therapy, physiotherapy including ancient and modern methods to achieve the best possible relaxation. The good knowledge and rich experience which are the basis of South Pearl Residence spa center proposals, and the high quality products used in all the procedures guarantee that your stay here will be unforgettable. You will be able to take advantage of the professional services and individual cares, and you will enjoy excellent health condition.

     Every client who has bought an apartment from South Pearl Residence, receives 5 % and 6 % annual GUARANTEED RENTAL for two years after acquisition of the property!

     Stage of build

     Main building:

• External walls - brickwork and weather insulation
• Internal walls - insulation blocks
• Reinforced-concrete slabs on floors
• Insulation of roof and walls
• Decorative metal-and-glass shelter over main entrance
• Parapets from metal and transparent glass sheets
• PVC double-glaze windows and doors

     Completely finished parts include:

• Residential complex
• Hot mineral water swimming pool
• Landscaped yard
• Parking places

     Construction specifications of apartments upon delivery of the building

     The apartments will be delivered entirely finished and ready to move in, with fitted bathroom/WC, electricity sockets, internet, cable TV, and air-conditioner in each room. All apartments are connected to the 220 V central electrical supply networks, with electricity metre, safety devices and fuses, sockets, switches, lighting fixtures in the balcony and bathroom, as well as fire-fighting installation, and smoke detectors.

     Hallway

• Floor - granitogress
• Ceiling - latex paint
• Walls - latex paint
• Luxury entry door - MDF

     Living room

• Floor - granitogress
• Ceiling - latex paint
• Walls - latex paint
• PVC double-glaze
• Telephone socket
• Heating/cooling air-conditioner
• TV outlet

     Kitchen

• Floor - granitogress
• Ceiling - latex
• Walls - latex

     Bedroom

• Floor - parquet
• Ceiling - latex
• Walls - latex
• PVC double-glazed
• Interior MDF door
• Heating/cooling air-conditioner
• TV outlet

     Bathroom and toilet

• Sanitary faience and terracotta tiles
• Bath tub/ shower cubicle
• Lavatory pan
• Wash basin
• Cold and hot water taps
• Individual water heater
• Power point
• Electric fan

     Balcony

• Floor - granitogress
• Railing

     Furnishing

     Apartments are offered with furniture not included in the prices announced. Two main furnishing packages - standard and de luxe are available to choose from. The standard package's price is between 5990 and 8990 EUR depending on the size of the apartment, and the de luxe furniture price is between 7990 and 13 990 EUR, again depending on the size of the apartment.

     Property Management

     Maintenance of gardens, pools and communal areas (compulsory)

      The annual fee for maintenance is 9 EUR per square metre, VAT inclusive, to cover:

• maintenance of garden and parking places
• cleaning and maintenance of the common parts (staircases, corridors, landings and underground garage)
• cleaning and maintenance of the reception area and swimming-pools
• electricity and water supply bills for the common parts, green areas and alleys
• 24-hour security and a concierge
• standard repairs occurring from normal use
• notification to the owners about damages occurring in their apartments

     Full maintenance and property management (compulsory at 5% Guaranteed Rental Contract)

     First class property management service is provided by one of the leading Property management company in Bulgaria. Apartment owners having signed a Contract for the full maintenance and management of their property will benefit from 5 % guaranteed rental income.

     Services covered by the management contract include:

• Qualified personnel of electricians, cleaning staff, gardeners and security companies to ensure the maintenance of the property. The maintenance consists of: partial repairs, regular cleaning, refreshment, making of beds, airing of the rooms, change of linen and towels, cleaning of terrace tiles, window cleaning, and carpet and furniture cleaning.
• Organization of different marketing campaigns on both domestic and international level; keeping contacts with renowned tour-operators and travel agencies for the purposes of renting out the managed properties.
• Assisting clients in collecting them from the airport / railway station, giving and taking keys.
• Registration of the foreign tenants at the local police station, as required by the law.
• Assistance with preparation of an insurance policy to cover the real estate against any possible risks, such as burglaries, earthquakes, floods and fires - a necessary requirement of the local administration.
• Assistance with the issuing of a life insurance of the tenants.
• Arranging the issuing of any categorization papers and all documents required by the law for holders of a license for short-term or long-term letting of the property and receiving the license from the municipality.
• Constant communication with the owner of the property through weekly or monthly reports to keep them informed of future, past or present reservations, expenditures made, received incomes, as well as of any other important circumstances regarding the property.
• Payment of all bills for electricity, water, phone, cable TV, Internet subscription, and payments to cleaning, maintenance and security companies.
• Organisation and book-keeping of all documents.
• Issuing and receiving of invoices, policies and receipts, bank documents for and from third parties - service providers, agencies, local authorities, state and public institutions.
• Annual financial completion of the accounts of the company as well as submitting the annual tax statement at the local tax office.
• Organisation and payment of all local taxes and fees, as well as property rent taxes and other incurring taxes.
• Internet access to the bookings made for your apartment, so that you can check the availability for yourself, friends and family. You can also check your rental income.
• Representation of the property owner, protection of their rights and execution of their will before any third party state, government authorities and service providers.

     Payment Plan

     Different payment plans are available depending on whether you are purchasing a finished apartment, an apartment in construction or an off-plan. In each case the customer is paying a deposit in BGN which amounts to 2000 EUR according to the exchange rate of the Bulgarian National Bank of the day.

     Plan A - Buying an apartment off-plan

• 70% On signing the preliminary contract
• 20% On completion of roof
• 10% On completion of complex

     Plan B - Buying an apartment in rough construction

• 70% On signing the preliminary contract
• 30% On completion of complex

     Plan C Plan C - Buying a completed apartment

• 100% When an apartment is purchased finished, the client pays the price in full at one installment.

     Cases in which 5% discount is given by the developer

• when the payment plan is 70% - 30%
• when paying 100% and insuring the property
• when buying 2 to 5 apartments
• 5% guaranteed rent

      All prices include VAT!

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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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