Flat 247 м² in Pomorie, Bulgaria

520 153 $

2 105 $ /м²

4OXmS

Flat 247m² in Bulgaria, Pomorie. Priced at 445000€ rent photo-

Area

247 м²

Bedrooms

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.

Services and facilities

Furniture

Pool

Additional details

Property type

Residential Properties

Floor

Object type

Flat

Price

520 153 $

Location

By the Sea

Characteristics

Furniture

Pool

Distance to key points, m

To sea 10

FAQ

In Bulgaria a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Pomorie; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Bulgaria finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Bulgaria takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Pomorie short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (520 153 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Pomorie: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).