BYALA PALACE is a unique waterfront development which fulfils the aspirations of the world's most discerning property seekers.
Situated in the coastal town of Byala, the building offers an inspiring choice of luxurious 1, 2-bedroom apartments and studios with spacious terraces overlooking the sea, built to superb specifications.
The dream unfolds… enchanting complex of 23 apartments in an incredible location, where you can enjoy a small-town ambience in a resort-style setting with a wealth of opportunities. You are close enough to take a swim, relax on the sand or just enjoy the warm see breeze.
BULGARIAN PROPERTIES CHARGE NO AGENCY COMMISSION ON BYALA PALACE APARTMENTS
But when you are ready you can return home in minutes… without the long drive, at Byala Palace you’re just a stone’s throw away as the off-plan apartments will lie 300 m only from the beach.
Main characteristics of the complex are:
- total size of the plot – 1356 sq. meters;
- total built-up area – 1778 sq. meters;
- project completion in 9 months;
- environmentally friendly materials only;
- 5 floors;
- 23 apartments and 2 offices;
- an elevator, 2 separate swimming-pools, a playground, B-B-Q and car parking;
The construction is due to begin in September 2005 and will be finished by May 2006.
THE NEAREST BEACH IS ONLY 300 M AWAY.
The apartments will be finished as follows:
- Outer wall thermal insulation;
- Smooth-plastered solid internal walls;
- Double glazed high quality windows;
- Quality front doors with sound insulation and security locks;
- fully tiled floors (terracotta or laminate);
- Luxurious bathrooms and toilets fully fitted;
- Fully equipped kitchen with all appliances;
- Balconies with tiled floorings;
- Air-conditioning system;
- Entryphone, Cable TV and 24h security guards;
EACH BUYER CAN CHOOSE BETWEEN THREE PAYMENT OPTIONS, DEPENDING ON HIS PERSONAL PREFERENCES.
Choosing OPTION 2 gives a 5 % discount on the quoted price.
Choosing OPTION 3 gives a 10 % discount on the quoted price.
OPTION 1: The payment plan is organized in easy installments:
- 5 % now as a holding deposit;
- 25 % of the price, 20 days after that, when signing the preliminary contract;
- next 60 % in 6 installments (10 % each);
- the last 10 % when buildings approval is given;
OPTION 2: choosing OPTION 2 gives a 5 % discount on the quoted price:
- 90 % till 31st of January 2006;
- the last 10 % when buildings approval is given;
OPTION 3: choosing OPTION 3 gives a 10 % discount on the quoted price:
- 90 % till 30th of September 2005;
- the last 10 % when buildings approval is given;
FURNISHING
Our partners at www.Furnish.BG have prepared attractive furnishing packages for Byala Apartments priced between 4500 and 7500 Euros depending on the size of the apartment and the standard required. For buyers interested in renting out their apartments Furnish.BG offer special packages for this purpose.
MAINTENANCE OF COMMUNAL AREAS
The annual maintenance fee is 6 Euros per sq.m. (VAT incl.) and will cover the following:
• Maintenance of the garden.
• Maintenance, cleaning and elelctricity bills for the common parts (corridors of the block).
• Security services
• Standard repairs occuring from the normal use of the building.
PROPERTY MANAGEMENT
A first class property management service is provided by our partners Property Management BG, who are leaders in this field in Bulgaria. The charge of 500 Euros per year covers the following services:
• Management and maintenance of all relevant documentation.
• Organisation of any and all maintenance required at the apartment.
• Regular communication with you the owner in case of any unexpected event, and to produce at your request documentation for any and all expenses made on behalf of the property.
• Organisation and payment of any and all expenses relating to the property to third-party suppliers: eg: bills for power and water supply, cable TV, Internet subscription, cleaning and the general maintenance of the apartment and the cleaning and maintenance of the common parts of the building, including repairs and renovation as and when required etc.
• Web access to the bookings made for your apartment by the tour operator so you can see the availability for yourself, friends and family.
• Organisation of the issue of any categorization papers, licenses and similar required by the law for the short-term or long-term rent of the property.
• Organisation and the payment of the annual property tax and waste collection fees.
• Organisation, filing and submission to the tax office of the annual tax statement and payment of any and all tax due by the apartment owner for income relating to the rental of the apartment.
• Marketing the property to tour operators and travel agencies for rental to their client base of tourists.
• Reception desk services and dispatch, key services to incoming and outgoing tenants/visitors.
• Registration of the tenants as foreign citizens with the local police station as required by the law.
• Holding funds on behalf of the apartment owner, to be used against outgoings directly related to the apartment or common parts under the terms of the virtual freehold.
• Organisation, bookkeeping and the storage and maintenance of all records and received invoices, payment receipts and other documents from third-party service providers, agents, local authorities and tax administration bodies etc.
• Representation of the apartment owner and protection of his/her rights and execution of his/her will before any and all third-party service providers, agents, local authorities, tax administration bodies and tenants etc.
LETTING MANAGEMENT
All the customers, who bought garages, will have the opportunity to rent the garage to tourists, together with their apartment and separately too. As the garages are not so many they are expected to be rented all the time.
Buyers who wish to rent out their apartments to tourists can use the services of Property Management BG in partnership with major international and local tour operators selling beach holidays in Bulgaria. The local offices of the company will market Byala Apartment Complex locally in Byala, Obzor, Varna and the whole area to individual tourists. Byala Apartments will also be advertised by the main reservation systems for the Bulgarian Black Sea Coast – www.BeachBulgaria.com and www.ApartmentsBulgaria.com (Coming soon).
Owners will be offered fixed rates for short-term rentals. All expenses for short-term lettings (electricity, water, cable TV) will be charged to the owner’s account. Long-term rents are subject to additional negotiation between the tenant and the apartment owner, which will be handled by us on your behalf. Usually for long term letting’s all expenses are covered by the tenants. Our experience shows that short-term rental provides a higher rental income and we expect that Byala Apartments will bring in between 8 and 10 % as an investment return per annum from rental.
GENERAL CONDITIONS
• No company is needed to own an apartment in Byala Apartments.
• All owners who rent out their apartments must pay rental income tax of 15%. We collect and pay this for you.
• Owners who have a rental contract with Property Management BG can use their apartment whenever they wish, provided that they have notified the booking office 30 days in advance (although at low demand times this may not be necessary). You will be charged only the cleaning costs for staying.
• It is not necessary to come to Bulgaria in order to reserve an apartment or sign the preliminary contract.
PLEASE NOTE THAT 20% VAT IS INCLUDED IN THE PRICES BELOW, AND THIS IS THE FINAL PRICE THAT A BUYER IS GOING TO PAY FOR AN APARTMENT, EXCEPT THE LEGAL FEES FOR THE DEAL.
PRICES AND AVAILABILITY:
(Please note, that information is up-to-date)
First Floor: See the floor plan of the first floor
Apartment No. 1, SOLD, 1-bedroom flat, total size apartment 65.22 sq.m (actual 55.44 + 9.78 common parts), total price 52 176 Euro;
Apartment No. 2, SOLD, studio, total size apartment 56.82 sq.m (actual 48.30 + 8.52 common parts), total price 45 456 Euro;
Apartment No. 3, SOLD, 1-bedroom flat, total size apartment 67.21 sq.m (actual 57.13 + 10.08 common parts), total price 53 768 Euro;
Apartment No. 4, SOLD, 2-bedroom flat, total size apartment 96.47 sq.m (actual 82.01 + 14.46 common parts), total price 77 176 Euro;
Second Floor: Second floor
Apartment No. 5, SOLD, 1-bedroom flat, total size apartment 76.88 sq.m (actual 65.92 + 12.74 common parts), total price 66861 Euro;
Apartment No. 6, SOLD, 1-bedroom flat, total size apartment 53.89 sq.m (actual 45.16 + 8.73 common parts), total price 45 806,50 Euro;
Apartment No. 7, SOLD, 1-bedroom flat, total size apartment 64.84 sq.m (actual 54.34 + 10.50 common parts), total price 55 114 Euro;
Apartment No. 8, SOLD, 1-bedroom flat, total size apartment 64.84 sq.m (actual 54.34 + 10.50 common parts), total price 55 114 Euro;
Apartment No. 9, SOLD, 2-bedroom flat, total size apartment 129.10 sq.m (actual 108.19 + 20.91 common parts), total price 109 735 Euro;
Third Floor: Third floor
Apartment No. 10, SOLD, 1-bedroom flat, total size apartment 76.06 sq.m (actual 63.74 + 12.32 common parts), total price 68 454 Euro;
Apartment No. 11, SOLD, 1-bedroom flat, total size apartment 51.63 sq.m (actual 43.27 + 8.36 common parts), total price 46 467 Euro;
Apartment No. 12, SOLD, 1-bedroom flat, total size apartment 64.88 sq.m (actual 54.37 + 10.51 common parts), total price 58 392 Euro;
Apartment No. 13, SOLD, 1-bedroom flat, total size apartment 64.88 sq.m (actual 54.37 + 10.51 common parts), total price 58 392 Euro;
Apartment No. 14, SOLD, 2-bedroom flat, total size apartment 121.17 sq.m (actual 101.55 + 19.62 common parts), total price 109 053 Euro;
Fourth Floor: Fourth floor
Apartment No. 15, SOLD, 1-bedroom flat, total size apartment 76.30 sq.m (actual 63.94 + 12.36 common parts), total price 72 485 Euro;
Apartment No. 16, SOLD, 1-bedroom flat, total size apartment 51.87 sq.m (actual 43.47 + 8.40 common parts), total price 49 276,50 Euro;
Apartment No. 17, SOLD, 1-bedroom flat, total size apartment 64.88 sq.m (actual 54.37 + 10.51 common parts), total price 61 636 Euro;
Apartment No. 18, SOLD, 1-bedroom flat, total size apartment 64.88 sq.m (actual 54.37 + 10.51 common parts), total price 61 636 Euro;
Apartment No. 19, SOLD, 2-bedroom flat, total size apartment 122.49 sq.m (actual 102.65 + 19.84 common parts), total price 116 365,50 Euro;
Fifth Floor: Fifth floor
Apartment No. 20, SOLD, 2-bedroom flat, total size apartment 109.17 sq.m (actual 92.36 + 16.81 common parts), total price 109 170 Euro;
Apartment No. 21, SOLD, 1-bedroom flat, total size apartment 55.93 sq.m (actual 47.32 + 8.61 common parts), total price 55 930 Euro;
Apartment No. 22, SOLD, 1-bedroom flat, total size apartment 55.93 sq.m (actual 47.32 + 8.61 common parts), total price 55 930 Euro;
Apartment No. 23, SOLD, 1-bedroom flat, total size apartment 85.54 sq.m (actual 72.37 + 13.17 common parts), total price 85 540 Euro;
The town of Byala is situated 50 km away south of the Bulgarian Sea Capital city – Varna and 80 km north of the city of Bourgas. It is located between Varna and Bourgas International Airports which makes it a preferable and easy to reach tourist destination.
During the last few years the town developed very fast and at the moment it is a desired vacation spot for many tourists in the summer. There are many factors that determine this such as the town’s good location, the 6 km long beach with very fine sand which is 10 to 50 meters wide. There are many beaches in the vicinity, some of them still virgin and unknown for most of the people.
Many tourists who have visited Byala compare it to the French Riviera probably because it is located in hilly area and opens wonderful views to the sea with unbelievable sunsets and sunrises. The last hills of Balkan Mountain rise only 6 km south of Byala. This gives the combination of mountain and sea views and it makes this place very unique.
The town of Byala is very well developed and is still developing. There are many new hotels, restaurants, private homes, resorts and other attractions. Byala has the perspective to become one of the most desirable places for vacation and business investments.
Ref. No vak 300
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