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The Lighthouse Apartments - Alen Mak, Varna

Sub Menu - The Development / The Local Area / Floor Plans / Pictures of the Site / Varna / Prices and Availability / Payment Plan / Rental Returns / Summary

"Varna is by far the most interesting and cosmopolitan town on the Black Sea coast." - Lonely Planet Guide 2006. From culture to clubs and bars, whether your taste is Carmen or Karaoke, Varna's got it. Varna is the biggest city on the coast but has still kept its friendly and laid-back atmosphere. It is now Bulgaria's second city and, after Sofia, has the busiest nightclubs, the most shops and widest variety of restaurants. Its attractions include the famous Sea Gardens, the Opera House and the Museum of Ethnology - reputedly the best in the country. It also enjoys a café culture with both locals and tourists whiling away hours on restaurant terraces.    Panoramic view of Varna at night Varna provides you with city lifestyle on your doorstep when you want a change from the peace and beauty of nature and is growing rapidly in affluence as outside investment boosts the local economy. Bulgria Air operates three direct scheduled flights a week from London to Varna and British Airways is starting a new summer service for 2006 ^ top

The Development

Click zone to enlarge The apartments are located in the small seaside town of Alen Mak which adjoins the southern end of Golden Sands. Alen Mak is a pretty university town that is fast becoming a centre for exclusive apartments and luxury villas. It has the advantage of being a real town rather than a resort, with a mixture of both local and international residents. The Lighthouse apartments are a development of 27 superbly designed apartments, tastefully put together for clients who enjoy life and living. Each apartment has been individually planned and all are either unique or with only one other apartment of the same design. All have fully-fitted kitchens and bathrooms. Facilities on the site include a large swimming pool (12m x 5m), a jacuzzi, sauna and gym and children's play area. With only 27 units, it makes for a more relaxed and comfortable place to visit and of course also means less people using the facilities - all adding to the feeling of personal space. The Lighthouse is a short 10 minutes walk from Alen Mak's beach, which is a long stretch of golden sand lined with restaurants and bars. The beach is a local secret and therefore much less crowded than Golden Sands in the next bay. When you want to join in the action, the internationally famous resort of Golden Sands is only five-minutes away by car and provides a full range of tourist facilities such as well-known international restaurants, casinos and nightclubs. The Lighthouse Apartments - Artist's Impressions Click area to enlarge Copyright © 2006 jet2let Ltd   ^ top

The Local Area

The Lighthouse is positioned on higher ground in order to fully enjoy the fantastic unspoilt coastal views and to ensure your peace and quiet. Not just sunshine and beautiful beaches just a short walk away, but gourmet food and wine, golf, opera, spas and museums are all less than half an hour away. The local bars and restaurants are two or three minutes away. A hotel close to the apartments offers massage and a full range of health and relaxation therapies.   Copyright © 2006 jet2let Ltd   ^ top

Floor Plans

Click the picture of the plan to enlarge. Ground Floor Floor 2 Floor 3 Top Floor ^ top

Pictures of the Site

Copyright © 2006 jet2let Ltd   ^ top

Varna and Surrounding Area

Copyright © 2006 jet2let Ltd   ^ top

Prices and Availability

Note all prices quoted include VAT based on the local tax evaluation at the Notary Act. The Lighthouse Apartments Apt No. Floor Apt Area Common Area Total Area Bedrooms Balconies Price Euro Price £ Sold 1 1 62.9 2.5 65.4 2 Patio 62,128 42,682 RESERVED 2 1 59.3 2.36 61.66 2 Patio 58,572 40,239 SOLD 3 1 51.9 2.06 53.96 1 Patio 51,263 35,218 RESERVED 4 1 41.9 1.66 43.56 1 Patio 41,386 28,432 RESERVED 5 1 53.8 2.14 55.94 2 Patio 53,140 36,507 SOLD 6 1 73.9 2.94 76.84 2 Patio 72,993 50,146 RESERVED 7 1 79.3 3.15 82.45 2 Patio 78,327 53,811 RESERVED 8 2 71.7 2.47 74.17 2 1 73,053 50,188   9 2 71.6 2.46 74.06 2 1 72,951 50,118 SOLD 10 2 56.2 1.93 58.13 1 1 57,261 39,338 RESERVED 11 2 53.8 1.85 55.65 1 1 54,815 37,658   12 2 64.2 2.21 66.41 2 2 65,412 44,938 SOLD 13 2 82.3 2.83 85.13 2 2 83,853 57,607   14 2 88.7 3.05 91.75 2 2 90,374 62,087 RESERVED 15 3 71.7 2.47 74.17 2 1 75,278 51,716 RESERVED 16 3 71.6 2.46 74.06 2 1 75,173 51,644 SOLD 17 3 56.2 1.93 58.13 1 1 59,005 40,536   18 3 53.8 1.85 55.65 1 1 56,485 38,805 RESERVED 19 3 64.2 2.21 66.41 2 2 67,404 46,307 SOLD 20 3 82.3 2.83 85.13 2 2 86,407 59,362   21 3 88.7 3.05 91.75 2 2 93,127 63,978   22 4 71.7 2.47 74.17 1 1 81,582 56,047 SOLD 23 4 71.6 2.46 74.06 2 1 81,469 55,969 SOLD 24 4 83.1 2.86 85.96 2 1 94,554 64,958 SOLD 25 4 91.1 3.13 94.23 2 1 103,656 71,212 RESERVED 26 4 82.3 2.83 85.13 2 1 93,643 64,333   27 4 88.7 3.05 91.75 2 1 100,926 69,336   ^ top

Payment Plan

jet2let will update you by emailing photos after each stage is completed. £1000 sterling deposit to reserve an apartment 25% payment on signing the preliminary contract and within 10 days of the deposit 25% on completion of the foundations 25% on completion of the roof 25% final payment within 15 days of Art 15 (completion) Completion due March 2007 £750 reservation fee. You then have 10 days to sign the preliminary contract at which time the first deposit payment is due. Other Costs Running Costs The cost for the full property management service costs 6 Euros per square metre. The cost per apartment would therefore be between 324 Euros and 528 Euros per year depending on the exact size of the property. The service includes the following: Exterior inspection and maintenance including garden and yard Cleaning staircase and adjacent areas Pool maintenance Payment of water and electricity bills of common areas Arranging repairs of common areas Arranging and controlling 24-hour security guards at the complex Furniture packages The developer will offer at additional cost three standards of furniture packages: Standard Luxury Delux The Developer The developer is a UK based company and the build quality, fittings and service standards are the same as you would expect in the UK. The construction work will be inspected at critical stages by UK qualified construction experts to ensure the highest quality. The construction company, Zoldi bg, has won awards for its design. ^ top

Rental Returns

The Lighthouse Golf Course is just half an hour away Rental returns are estimated to provide an annual return of 5% to 7% of the value of the apartments over the next 10 years. Total Security Guaranteed Return Option: If you want a zero-risk option on your return, we are offering a total security package. For those taking up this offer, there is guarantee that your rental return will equal 7% of the price of your property for the first two years after the completion of the building. The cost of this guarantee is just an extra 5% on top of the cost of the apartment. Even with this extra 5% on the price, you're still buying at below the normal market value for the property and this means that the extra cost can be included as part of the purchase price when the property is valued. If you wanted to arrange a mortgage on the property after the building is complete, the guarantee means that you know most of your costs will be covered by your guaranteed return. During these first two years, the price of the property is likely to have increased significantly and you may decide to sell before the guarantee runs out. Otherwise, if you want to keep it, you will find that the rental income you can get for the building will have increased as the price of the property has increased. This means that after the first two years the rental income is likely to be more than the guaranteed 7% and may more than cover your outgoings. ^ top

Summary

The ground-level view from the property itself Exclusive location near the beach Extremely competitive prices compared to similar property in the area Large pool, gym, jacuzzi and sauna Restaurants and bars two minutes walk away * nightlife and gourmet food on your doorstep Easy access to the UK Unbeatable views Design - award winning construction company * Low deposit of 25% Why the value will increase: Low Cost airline likely to fly to Varna soon EU membership expected in 2007 Varna's growth in affluence Increasing availability of local mortgages Bulgaria establishing a successful and growing economy Rapidly increasing holiday visitors each year Why a great investment: Buying below market price Zero-risk option with a 7% return No Capital Gains Tax Buying off-plan means buying at better prices than buying a finished building Fundamentally low prices for what you get compared to similar properties in Europe ^ top

jet2let Property Ltd International +44(0)113 3131000 Fax +44(0)1428 604624 Email info@jet2letproperty.com Skype jet2letproperty	Bulgaria Phone 00359 (0)2 98 99 941 Mobile 00359 (0)885 275870 Email info@jet2letproperty.com
Registered Office York House 4 Sheepscar Way Leeds LS7 3JB Registered in England Company Number 41495 VAT No: GB 151 6225 91 Copyright © 2006 jet2letproperty limited. All rights reserved

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