Holiday apartment for sale in sand lilies complex, first line to the sea on the romantic camp site Smokinya

The complex has a great location - on the very beach of romantic  Smokinya campsite, located in the first line to the sea. The complex is designed and implemented in recent architectural trends and requirements for the holiday building. The building follows the line on the ground and smoothly rises up. The various sections of the building are associated with low bodies, in which are located in cafes, bars, restaurants, SPA center, and other commercial sites. The total number of dwellings in the complex is 102, which are located in the hulls. Most of the apartments are overlooking the sea. Virgin nature and wide sandy strip are unique not only for the region of Sozopol, but also for the whole Bulgarian Black Sea coast - the place where the summer meet, romance and beauty of nature. The ambition of the investor is reaching and maintaining high standards and real luxury to create conditions for relaxation and entertainment in elite situation and requested style.

facilities

Facilities
- Pool at several levels, which creates illusion that merges with the sea
- Open bar
- Recreational facilities
- Restaurant
- Children's playgrounds and paths to walk
-  Park with exotic plant species
- Parking and garages  underground

Security

At the complex is provided year-round security, service personnel to support housing complex, and year-round workers serving units - commercial sites and mass caterers. The combination of the unique natural environment and a luxury residential complex in Sand Lilies turns the complex in a preferred place for your holiday.

Disposition: living room with kitchen box, one bedroom, one bathroom together with WC, one balcony

Standard of finish

The apartments are delivered in absolute finished way, furnished with everything necessary for the family - furniture of solid wood and rattan, floor coverings in all rooms, kitchen appliances: refrigerator, stove, absorber, kafe- machine and others. Interior doors are made of MDF, in apartments is provided complete wiring: telephone, Internet, television.
The bathrooms and sanitary facilities are coated with terracotta and faience, fitted with the latest models Spanish sanitary ware and fittings, shower cubicles and more.

Payment plans

Plan A Standard

- 30 % upon signing of preliminary contract

- 30 % until 3 months after the preliminary contract

- 30 % until 6 months after the preliminary contract

- 10 % upon transfer of the ownership

Plan B - 5 % discount

- 90 % upon signing of preliminary contract

- 10 %  upon transfer of the ownesrhip

Annual maintenance fee of 12 euro per sq.m

All units are for sale with no commission for the buyer!

The agency charges EUR 480 for legals and attendance at the transaction

Construction type: Brick

Stage of construction: rough construction completed

Completion date: 04.2009

Heating: Air conditioner

Exposure: North-east

Number of bathrooms: 1

Balconies: 1

Joinery: PVC

• New development
• Elevator
• Security
• Furnished

Agent's valuation of the offer Excellent!

See the project

Property Taxes in Bulgaria

A foreign investor can invest in properties in Bulgaria either directly or through a local legal entity. Only Bulgarian-resident individuals and entities can acquire title to land, while non-residents may acquire only buildings and limited rights (e.g., leasehold and construction rights) to land.

If you are investing in Bulgaria, as a non-resident property owner, you could be liable for the following taxes:

Property Purchase Tax

The purchased property will be subject to a notary and a municipal tax. The notary tax is paid on the higher of the market price or the book value of the property. Rates vary and are typically less than 1%. In addition, 2% of the market value of the  property is paid as a municipal tax. This money goes to the municipality in which the  property is situated. You pay these taxes after you have signed the notary deed.

Annual Property Tax

All property owners in Bulgaria pay an annual property tax. The current annual tax rate for a house is 0.15% of the tax evaluation ( the value of the property as estimated by the state body) of the property.
In addition to this tax, owners also pay a waste-collection tax. The rate depends on the 
location and size of the dwelling. The amount of tax payable is usually about GBP30 per year 
for rural property and about GBP100 per year for apartments in city centers.

Tax On Rental Income

This is subject to a 15% withholding tax after deducting allowable expenses such as mortgage interest etc. It is not stable and depends on the gross  annual income of the person.

Wealth Tax

No Wealth tax in Bulgaria.

Capital Gains Tax (CGT)

This is levied at 15% on any increase in the value of the property.

Inheritance Tax (IHT)

This was levied at up to 10% up to 2004, but has been abolished altogether in 2005.

Value Added Tax

Transactions with land and lease of property for residential purposes are exempt from value added tax. All other real estate transactions are subject to VAT at the uniform rate of 20% (will be changed after Nulgaria joins to EU). The buyer/lessee is entitled to a VAT refund, provided it is registered for VAT purposes.

Corporation Tax

As some property interests in Bulgaria cannot be held directly by foreigners, buying through a local Bulgarian company is recommended. If you own a company in Bulgaria, note that in January 2005 the rate of income tax for a  corporation in Bulgaria was reduced from 19.5% to 15%. The tax year in Bulgaria ends on the 31 December. A limited company must file an annual report by the 31 March. If you incorporated a limited company to purchase a house or land, then there will be no  tax liability, as the company was not trading. However, you still must submit company  accounts to the Companies' House Register in Bulgaria every year to satisfy the authorities that the company was not trading. This is a legal requirement.