Grand Sirena Holiday Development to Receive Act 15 Within Days

At a time of a financial crisis Danish investors are finishing their exquisite 8-million-Euro project in the Bulgarian seaside resort of Ravda. The Grand Sirena Development will receive Act 15 (document which ascertains that the building is fully finished) within days. The financing of the grand investment comes from a Danish bank. Executor of the project is the Bourgas-based company Eurobuilding Engineering.

The holiday development is set less than 350 meters from the beach. All apartments in Grand Sirena are sold fully finished and with fitted kitchens. Property management and maintenance are provided by the company Property Management BG Ltd. The annual maintenance fee will be 10 EUR/sq.m. The fees for all management services will be 350 Euros for a studio and 400 Euros for 1 & 2 bedroom apartments per year. The owners promise annual return on the investment from renting the properties to the amount of 5-8%. The prices of the apartments start from around 99,000 Euro.

The project also includes a business center with a conference hall for 68 people. The properties in the development range from studios to three-bedroom apartments set in three different blocks, as there is also an open-air sky bar, an indoor sports center and a modern beauty parlor.

Grand Sirena Development

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