General information

South Pearl Residence is an ultra modern complex consisting of luxury apartments, with exceptional up-to-date architecture and captivating design. The complex enjoys excellent location – both in terms of communications and position – situated on the first line of the beach. „South Pearl Residence” , apart from the luxury homes with marvelous sea views, offers the potential investors a wide variety of specialist services and facilities, that turn a purchase in the complex into an investment of a lifetime. The complex will provide you with everything you have ever dreamt of during your summer vacation – luxury surroundings, clear sea waters, golden sands, quiet private beach, special attitude in every single corner of the complex, beautiful cars to rent, a yacht charter, beach entertainment, summer night romance – at „South Pearl Residence” you will find everything you have dreamt of – don’t miss out on this great opportunity!
With a total area of 4691.34 sq. m exclusive of the terraces the building offers a rich variety of apartment sizes and floor plans to satisfy the wishes and tastes of the most sophisticated clients.

Location

Bulgaria, Region Burgas, Near Sozopol

Completion date

01/02/2009 

Parking facilities

Floors 5

Sections 2

Entrances 1

Frontline Yes

Airport distance

Burgas Airport, 45 km

Distance from

Burgas 35 km

50 m The Beach

Views

sea views

Services and amenities

The complex also offers a great variety of facilities and entertainment opportunities:
- Panoramic restaurant with summer garden
- Lobby bar
- Reception desk – 24 hours
- Swimming pool with water cascade and pool bar
- Children’s pool for the youngest guests of the complex
- Spa centre
- Fitness centre with up-to-date fitness equipment from renowned manufacturers and the best instructors will help you keep fit during your holiday
- Table-tennis also available
- Game area - billiards, arcade games, Internet café
- Shops
- Children’s playground with attractions and child minders
- Lifts
- Parking with 24-hour security
- Outside security – cameras and security guards
- Around the clock medical care
- The building is provided with appropriate chambermaid rooms

Exclusive Services:
1 – Luxury car club – access to private luxury marks to suit!
2 – Yacht charter entertainment – nothing can make you feel so happy and free as the open spaces of the sea and the fresh breeze.
3 - Private beach – fantastic offer, an exclusive advantage that only a few complexes can offer!
4 – Sports coaching with personal trainers.
5 – Events organiser - the service is designed to fulfill residents’ every need or desire, big or small.
6 – Private motor-cycle racing track.
7 – Private sightseeing and adventure tours.
8 – Private cuisine – a team of culinary experts entirely at hand.
9 - Children’s playground with animators.

Main advantages of the property

• GUARANTEED RENTAL!
Every client who has bought an apartment from „South Pearl Residence”, receives 5 % and 6 % annual GUARANTEED RENTAL for two years after acquisition of the property, as well as a management agreement
• Completely finished parts include:
- Residential complex
- Hot mineral water swimming pool
- Landscaped yard
- Parking places

Internal walls insulation blocks; entrance hall, living room and bedroom - latex plaster; Bathrooms and toilets - sanitary faience Floors entrance hall, living room, bedroom and terrace – granitogres; Bathrooms and toilets - terracotta tiles Bedrooms Floor – granitogres Ceiling – latex paint Walls – latex paint PVC double-glazed Interior MDF door Heating/cooling air–conditioner TV outlet Bathroom and toilets Sanitary faience and terracotta tiles Bath tub/ shower cubicle Lavatory pan Wash basin Hot and cold water tabs Individual water heater Power point Electric fan Ceilings entrance hall, living room and bedroom - latex plaster Doors Luxury MDF front door

External walls brickwork and weather insulation Windows PVC double-glaze Living rooms Floor – granitogres Ceiling – latex plaster Walls - latex paint PVC double-glaze Telephone socket Heating/cooling air–conditioner TV outlet Communal Areas Beautifully finished Kitchen areas Kitchen surface Built-in extractor Built-in ceramic plate Built-in cooker Kitchen sink Hot and cold water taps

Maintenance package

At the time of the Preliminary Contract for purchase and sale of the apartment signing, clients also sign a Contract for the Maintenance of the common areas in the complex. This contract is a compulsory element of the seller and buyer’s documentation and the annual maintenance fee is 9 EUR per square metre. Fees may change to adjust the annual inflation rate in this country. The maintenance includes the following:
- Maintenance of the garden and the parking places
- Cleaning and maintenance of the communal areas (staircases, corridors, landings and underground parking lot)
- Cleaning and maintenance of the reception and the swimming pools
- Electricity and water supply bills for the common parts, the green areas and the alleys
- 24-hour security and a janitor
- Standard repairs occurring from normal use
- Notifying the owners at some possible occurring damage in their apartments

Letting package

GUARANTEED RENTAL!

Every client who has bought an apartment from „South Pearl Residence”, receives 5 % and 6 % annual GUARANTEED RENTAL for two years after acquisition of the property, as well as a management agreement with Property Management Ltd. – the biggest company in Bulgaria, dealing with management of big apartment complexes. Our company has a large-scale activity in selling excursions and holidays all over the world and partners with world famous touroperators, thus ensuring maximum availability of the managed properties. Even if they are not suitable for letting, Property Management Ltd. furnishes, categorizes, maintain and let them, enabling the property owners in these complexes to have quick and non-risked return on their investment.
The amount of 5% guaranteed rental for calendar year 2009 is payable to the owners of new bought properties in ”South Pearl Residence”, as the last payment is deducted when ending the payments and transferring the apartment to the buyers.
In the end of tourist season 2010, the amount of 6% guaranteed rental is paid by agreement, as the payments are made by bank transfer and the company issues an invoice for the transferred amount.

Letting management (Compulsory - 5% guaranteed rental income)
Owners who wish to get a return of the investment they have made by letting their property for rent have come across the right company. We at Property Management Ltd are the leaders in this field in Bulgaria.
What does the Letting Management service include?
- “Property Management” Ltd. as your tour-operator accommodates tenants for a short term as well for longer one.
- Through our marketing department we run different advertising campaigns on local as well as international level through the press, the internet web, brochures, presentations in international show programs, etc. We keep in contact with famous international tour-operators such as Balkan Holidays, TUI, Solvex, Heckerman, Neilson, First Choice and others which will direct their tourists to the South Pearl Residence .
- Cooperating the tenants which includes meeting them at the airport / the train-station, incoming and out-going key services.
- “Property Management” Ltd is in constant contact with the property owner by keeping him/her informed for present, past and future reservations, as well as the rent sums.
- Fixed tariffs per night for short-term tenants. All current expenses at the short-term rent (electricity, water, cable TV, Internet) are at the expense of the owner.
- Long-term rents are agreed upon additionally by the tenant and Property Management Ltd. as a representative of the property owner. Usually, when letting a property for a long period, the current expenses are paid by the tenant.
- Practically, experience so far shows that short-term rents provide higher income and the team of “Property Management” Ltd. expects that the South Pearl Residence will give a minimum of 5 % return of the investment made during the 1st year and about 6 – 7 % during the 2nd and the 3rd one.

Property management package

Complete Maintenance and Property Management (Compulsory at 5% Guaranteed Rental)
First class property management service is provided by our partners www.propertymanagementbulgaria.com who are the leading Bulgarian company in the sphere. Moreover, the concluding of a Contract for complete maintenance and management guarantees you 5 % of guaranteed rental for the 2009 season.

This management fee includes the following services:
- Qualified personnel of electricians, cleaning staff, gardeners and security companies which provide the maintenance of the property. The maintenance consists of: partial repairs, regular cleaning, refreshment, making of beds, airing of the rooms, linen and towel laundry, bathroom tile cleaning, window washing, carpet and furniture cleaning.
- Organization of different marketing campaigns, on local, as well as on international level; keeping contacts with well known tour operators and travel agencies, with the purpose of the renting out of the property.
Co-operation to the clients, which includes meeting at the airport / railway station, giving and taking keys
- Registration of the tenants as foreign citizens in the local police station, as required by the law.
- Co-operation and making of an insurance of a real estate against any possible risks, such as burglaries, earthquakes, floods and fires – a necessary requirement of the local administration.
- Cooperation and issuing of health insurance or life insurance of the tenants.
- Organisation of the issuing of any categorization papers and all the documents required by the law for having a license for short-term or long-term rent of the property, receiving the license from the municipality.
- Constant communication with the owner of the property through weekly or monthly reports to keep him/her informed of future, past or present reservations, made expenditures, received incomes, as well as of any other important circumstances regarding the property.
- Payment of all bills for power and water supply, phone bills, cable TV, Internet subscription, payments to cleaning, maintenance and security companies.
- Organisation and book-keeping of all documents
- Issuing and receiving of invoices, drafts and receipts, bank documents for and from third-party providers, agencies, local authorities, state and public institutions.
- Annual financial completion of the company as well as submitting the annual tax statement at the local tax office.
- Organisation and payment of the all local taxes and fees, as well as property rent taxes and other income.
- Web access to the bookings made for your apartment by the tour operator so that you can check the availability for yourself, friends and family. You can also check your rental income.
- Representation of the property owner, protection of his/her rights and execution of his/her will before any and all third-party state or public institutions and service providers.

Apartments are offered with furniture not included in the prices announced, but we can offer you the opportunity to furnish your apartment through us and we are able to offer two main furnishing packages – standard and de luxe. The standard package’s price is between 5990 and 8990 EUR depending on the size of the apartment, and the de luxe furniture price is between 7990 and 13 990 EUR, again depending on the size of the apartment.
All apartments are connected to the 220 V central electrical supply networks, with electricity metre, safety devices and fuses, sockets, switches, lighting fixtures in the balcony and bathroom, as well as fire-fighting installation, and smoke detectors.