Buy flat in Bulgaria region in Burgas region city in Pomorie

Penelope Palace

Investment offer for legal entities - 5 apartments on the first line in Pomorie in the luxurious apart-hotel "Penelope Palace".
The package consists of:
- two double rooms with two extra beds,
- two studios with a capacity of two persons,
- a studio suite with a capacity of four persons.
The total value of the offer is 484,128 Euros.
Special price for the package from 01.12.2016 to 31.12.2016 - 445 000 Euro and installments up to one year without appreciation.
The amount of guaranteed rent (net profit) is 17 800 Euro (4%).
The annual profit of 17,800 Euros is guaranteed to the investor in the case of a 5-year contract (without the right of personal use of the apartment free of charge) and it is the net amount minus all expenses:
- annual support fee of 10 Euro per sq.m. without VAT,
- 20% occupancy fees (cleaning, laundry, maid service, advertising, contracts with tour operators, etc.),
- utilities (electricity, water, TV, internet),
- travel insurance.