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Ref. Number:	TS01BG004
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Property description

     Bulgarian property Ltd. present to you the most luxurious 5-star TOP VIP apart-hotel in Bulgaria - Palazzo Reale a real masterpiece in terms of architecture, finishing, location, and facilities on-site.


     Palazzo Reale is the most glamorous, the most grandiose, the most splendid, and the most intriguing complex you have ever seen. Combining the best of all first-class hotels worldwide, it has harmonized its precious advantages with the uniqueness of a small country, as Bulgaria is. Palazzo Reale is a proof that absolute luxury can exist here and it exists for those people who can afford it – those of noble origins, world famous stars from the show business, former and present dictators and oligarchs, people of refined taste and excellent financial status. This is the newest symbol of extravagance, lavishness, an extraordinary combination of perfection and harmony, which will grab your attention, obsess your mind, and will make you fall in love for a lifetime.

     Palazzo Reale is a 5-star boutique apart-hotel, where each apartment is designed and furnished in its own, unique style which adds to its originality and makes it even more attractive for investors.


     The precious pearl on the Bulgarian Black Sea coast - Palazzo Reale is located at Southern Black sea near Tsarevo resort. This is the place where you will feel a Master of the earth and the sea. There is no other such miracle situated on the golden sandy coast and flooded with so much lustre and grace. With its golden sculptures, the beautiful arches and magnificent marble columns, this masterpiece will bring you into some other world where all your dreams will come true. Ultra modern and fabulously brilliant, this splendid complex is situated between two peninsulas, with its quiet bay and picturesque secluded beach, this “palace of dreams” stands directly on the sand and nothing can hide the marvelous view from his windows.

     In Palazzo Reale you will find no traditional pleasures, on the contrary you will find luxuries, which are used by grandeurs from all over the world in most qualitative and renowned hotels on the Earth. And here in Palazzo Reale – the grandeur is You.


     The complex offers you:

Outdoor facilities

Indoor facilities

Free Services

Special Services

TOP VIP Services

Court Entertainment

     VIP Clients

     You don't think that ultra-luxurious and extravagant buildings can only be built in Dubai, do you? You can now welcome the idea that such a place will be created in a small and beautiful country like Bulgaria! It has just been projected and it has already attracted a number of popular persons who declared their intention to acquire a property here in the precious fairytale called Palazzo Reale. The investors of this unique 5-star apartment hotel have undertaken a very interesting strategy which is now contributing to the great popularity of this complex. They are currently into negotiations with over 100 potential buyers from Bulgaria and abroad all being famous worldwide who are willing to invest in apartments in this incredible complex as a very advantageous alternative to owning an apartment in one of the most luxurious and extravagant resorts in the world. Who of them will accept this attractive proposal will be kept secret until the very opening of the complex. Here you will be able to meet really popular people who have proven themselves in Bulgaria and on a world level, and of course all those who can afford the expensive pleasure and will take pride in being owners and kings in Palazzo Reale. They will be truly satisfied with all which is awaiting them here in terms of amenities and services provided by the exquisitely ingenious investors.

     The highest possible security level

     The high level of security provided for the complex guests does not mean control on their everyday life but control on the unpleasant moments that could occur on-site and which can well be predicted and overwhelmed. Security here is to become a major priority from the moment of constructing the complex. Due to the multiple up-to-date electronic security devices available nowadays, Palazzo Reale investors are inventing a compound security system combining access control, fire alarming system, secure payment system for the services offered on-site, video surveillance, and a number of innovative systems for Eastern Europe providing for the well-being and security of the complex guests, and which could impress even the most renown specialists in this field. Most of these amenities will only be used by the apartment owners because they have been invented for their personal security and safe stay. This is really necessary as the owners of Palazzo Reale will be people who well appreciate their personal life inviolability and avoid all kinds of live appearances at least during their vacation. Ànd Palazzo Reale will not only ensure their excellent security but will also provide superb luxury and this unique combination is to be found in no other place in Bulgaria.

     TOP-VIP Apartments in grandiose complex Palazzo Reale:

TOP-VIP Imperial Apartment "Yvani Caesar"

TOP-VIP Royal Apartment "Cleopatra"

Presidential apartment "Louis XIV"

Consulate apartment "Scheherazade"

     Apartments

     Additionally to four TOP – VIP apartments, complex Palazzo Reale features the folwiung housing units:

• 8 apartments with two bedrooms with area from 232.95 sq.m. to 300.06 sq.m.
• 28 apartments with one bedroom with area from 102.22 sq.m. to 239.07 sq.m.
• 57 studios with area from 53.77 sq.m. to 121.93 sq.m.

     Property Management

     Each client who has purchased an apartment in Palazzo Reale complex, will have an excellent opportunity to receive serious return on their investment by way of signing a Property Management Agreement. This exceptionally important task will be delegated by the investors to the most experienced company, which has proved its qualities of world leader in the management of holiday apartments. The company which will mange Palazzo Reale will deal with the following:

     Maintenance of gardens, swimming pools, and common parts (an obligatory service for all apartment owners here)

     All equipment, lifts, swimming pools, and gardens in the complex are of high end which is a prerequisite for due maintenance of the highest class to keep everything in a perfect condition. The annual maintenance fee will be 20 Euro per sq.m. without VAT. High-qualified personnel of guardians, hygienists, window-dressers and technicians will take care of all communal parts in the complex. The above-mentioned fee covers for:

• Technical maintenance of the communal installations, equipment and other common parts in the building, as well as the complex common areas, such as green areas, garden, yard, swimming pools, etc
• Organizing the cleaning of all communal areas in the building, and all equipment and facilities meant for common use, such as green areas, garden, yard, swimming pools, etc
• Organizing and managing all payments concerning the communal areas and all facilities meant for common use in the complex
• Organizing the internal security in the complex
• Standard repairs, ensuing from the usual property exploitation
• Informing the property owners about any damages on their property

     Full maintenance and management of the property (an obligatory service in case of a chosen Guaranteed Rental Income option)

     First class property management services shall be provided by the most experienced and influential company proven on the international property management market. Furthermore, the contracts for full maintenance and management of your property will ensure you 10% guaranteed rental income for the season of year 2011. What are the services included in property management?

• Qualified personnel of electricians, hygienists, guardians, and security companies who take care of the property maintenance.The maintenance includes the following: partial repair works, regular cleaning and refreshment of all apartments, bed making, airing the premises, changing towels and linen, tiles /stone coverings in the bathrooms and terraces/ cleaning, window cleaning, carpet cleaning and furniture dusting
• Organizing issue of classified documents and all paperwork required for receiving licenses for short or long-term renting-out, municipal criteria, etc
• Assistance and preparation of property insurance against all potential risks, such as burglary, earthquakes, floods, and fire – a requirement by the local administration
• Assistance in Life Insurance issue for the tenants – recommendable by tour operators and by us for all clients
• Tenants registration – all foreign citizens must be registered in the local police station – as demanded by law
• Assisting clients at their arrival, such as meeting at the airport, railway station or bus station, giving and taking apartment keys
• Organizing payments for electricity, water, telephone bills, cable TV, as well as fees for cleaning, maintenance and security
• Organizing and book-keeping all sorts of documents
• Issue and receipt of invoices, insurance policies, bills, bank documents for and from third parties – service providers, local authorities, state or social institutions
• Annual financial accounting of companies, submitting tax returns in the local tax institution
• Organizing payments of the local taxes and fees, as well as tax on rentals, and the like
• Regular feedback with apartment owners through monthly reports which aim at updating our clients about all important circumstances concerning their property
• Defending the rights of property owners at legacies execution or in cases of disputed with third parties, as well as in front of state, social institutions or service providers

     Guaranted rental

     Investment with over 100% return for 7 years!

     If you have savings you probably know how to invest them to gain profit without risk- so pay heed to the information that is provided to you free of charge by the investor. Every investor or businessman appreciating their vacation who buys now an apartment of 2 500 EUR per sq.m. without VAT will make a profit of over 100% out of the invested amount in the course of 7 years. This may sound incredible to you but it is a matter of simple arithmetic.

• The initial price at which we launch the sales is 2 500 EUR per sq.m. without VAT. On buying an apartment in this primary stage of construction, you will have the opportunity to take a discount which is the Guaranteed Rental of 10% for the 1st year of renting your property out. This amount could cover your expenses related to the furnishing of your apartment necessary for its turning into a condition suitable for categorization. This further decreases the price you pay for your newly acquired property at 2250 EUR per sq.m. During the next 6 years you are going to receive 7 % guaranteed rental which makes your return for 6 years a total of 42%. Adding those 10% accrued in the 1st year, you will have realized a 52% return on your investment
• If you make a higher downpayment you will be able to get advantage of 5; 7,5 or 10% discount so that your total return during this period goes up to 62% in the first 7 years
• Meanwhile, while you have started the purchasing procedure in this unique complex, in the very beginning of its initial construction, the investor will be advancing with the construction works which will reflect accordingly in the sales policy. Up to the building completion of the apartment hotel Palazzo Reale the prices per sq.m. for the apartments in turn key condition, will start from 4000 EUR per sq.m. without VAT, which means an increase of 60% on the funds you have invested; and this on condition that you haven’t got any other discounts or you do not wish guaranteed rental income

     There is hardly any other place where you could gain 60% return between the separate stages of construction and 50% more out of discounts and guaranteed rental during the first 7 years of letting your property out.

     There is no point in convincing you in the uniqueness of this proposal since figures speak for themselves. For further clearing of the picture we will attach the price list for a night’s stay at Palazzo Reale. These will be of interest to those future owners of apartments in the complex who don’t want to go for the guaranteed rental but would rather sign a Contract for temporary tourist accommodation in their property:

• One night’s stay in a studio – 300 Euro
• One night’s stay in a one-bed apartment – 500 Euro
• One night’s stay in a designer’s 2-bed apartment – 700 Euro
• One night’s stay in the consular apartment “Scheherazade” – 1000 Euro
• One night’s stay in the presidential apartment “Louis XIV” – 1200 Euro
• One night’s stay in the royal apartment “Cleopatra” – 1500 Euro
• One night’s stay in the imperial apartment “Yvani Caesar” – 5000 Euro

     Having in mind that the management and rental of the apartments in Palazzo Reale will be handled by a property Management company of world renown, you can calculate the income from a night’s stay for 1 year that will be realized in your property. And most importantly, you will be able to enjoy your vacation in the most luxurious, most exquisite, most glamorous boutique complex in Bulgaria offering the best amenities so that you can feel like the King of the world each time you come here.

     NOTE: The guaranteed rental income of 10% of the property price, which is granted to all apartment owners who sign a Rental management agreement, is fixed on a price of 2500 euros per sq.m. without VAT, regardless of the construction stage at the time of purchasing. The final purchasing price on which clients shall get the 10% income is formed after all discounts are deducted.

     Standard condition of apartments upon delivery:

     Entrance hall:

• floor- granite
• ceiling – latex paint
• walls- latex paint
• MDF interior entrance door

     Living room:

• floor- granite
• ceiling – latex paint
• walls- latex paint
• PVC joinery double glazed
• telephone outlet
• TV outlet
• satellite TV outlet
• DVD player outlet

     Bedroom:

• floor- granite
• ceiling – latex paint
• walls- latex paint
• PVC joinery double glazed
• MDF interior entrance door
• telephone outlet
• TV outlet
• satellite TV outlet
• DVD player outlet

     Bathroom- Toilet:

• sanitary faience and terracotta
• bath
• shower cabin
• lavatory pan
• sink
• music sound system outlet
• electrical setting outlet
• hot/cold water tap

     Balcony:

• floor- granite
• railings

     All apartments are equipped with a central air conditioning system of the brand "Daikin" for heating and ventilation, with a separate regulator and counter in each apartment and all premises. All apartments are connected to the central electricity system of 220 V, with electrometer, safety fuses, plugs, keys, lights on balconies and in bathrooms, as well as a fire alarm and smoke alarm.

     Furniture in Palazzo Reale

     Palazzo Reale is a 5-star BOUTIQUE apartment hotel, where each single apartment is projected and designed in a different unique style depending on the preferences and requirements of its future owner.

     Apartment furniture in Palazzo Reale, according to project, is to be executed by over 20 companies from Italy, Spain and several other furniture companies across the world famous for their quality and established brands. The investors stake on their idea to offer boutique fully furnished apartments as each one will be different and unique in its interior design. What will be in common, however, is their infinite luxury and the fact that every apartment is going to be a piece of art in itself.

     As regards the two VIP apartments in Palazzo Reale – no words can describe their extraordinary charm; they are beyond any comparison on a worldly level. The furniture in the two VIP apartments in Palazzo Reale shall be specially designed, hand-made and furnished in such a way that it is truly spectacular compared to all you have seen in your life so far, even if you are the most refined connoisseur in the branch. This furniture is going to be unique only to be found here and nowhere else. These apartment owners will be the only one owning such beauty and refinement.

     Payment plan

     The investor offers several different payment plans according to the stage of building completion at the time of purchasing (depending on whether you are buying off-plan or not). In each case, the client is to pay a reservation deposit of 10% of the property price in Euro (or the BGN equivalence according to the exchange rate of the day).

     Note: Each client is offered the possibility to pay a reservation fee of 2000 Euro but in such a case he is not entitled to the discounts granted by the investor.

     I – Payment plans when buying off-plan

     Standard plan

• 10 % - Reservation deposit
• 30 % - Within 30 days from reservation
• 20 % - At completion of the building foundations
• 20 % - At completion of the roof in a shell stage
• 10 % - At transferring ownership of the property and receiving the title deed

     Plan / 80% - 20% /- 5% discount

• 10 % - Reservation deposit
• 70 % - Within 30 days from reservation
• 20 % - At transferring ownership of the property and receiving the title deed

     Investors’ plan / 100% /- 7.5% discount

• 10 % - Reservation deposit
• 90 % - Within 30 days from reservation

     Special payment plan / 40% - 60% /+ 10 % raising the costs

• 10 % - Reservation deposit
• 30 % - Within 30 days from reservation
• 60 % - At transferring ownership of the property and receiving the title deed

     II – Payment plans at buying an apartment in a shell stage

     Standard plan / 80% - 20% /

• 10 % - Reservation deposit
• 70 % - Within 30 days from reservation
• 20 % - At transferring ownership of the property and receiving the title deed

     Investors’ plan / 100% / - 7.5% discount

• 10 % - Reservation deposit
• 90 % - Within 30 days from reservation

     Special payment plan / 40% - 60% / + 10 % raising the costs

• 10 % - Reservation deposit
• 30 % - Within 30 days from reservation
• 60 % - At transferring ownership of the property and receiving the title deed

     III – Payment plans at buying a completed apartment

     Plan / 100% /

• 100 % When buying a completed apartment, the client is to pay the full

      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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