Property Description

LOCATION
Vantage Heights is situated 20km north of Varna on Bulgaria’s Black Sea coast just inland from the famous, long sandy beaches of Albena.
Rising from the coastline are the Chortlen Hills, on the crown of which sits Vantage Heights boasting splendid panoramic, sea and inland views. Even the Cape of Kaliakra some 60 km away can been seen from this elevated position as well the village of Kranevo and much of the surrounding picturesque countryside.
The area benefits from the famous Albena resort, which allows only very restricted development and thus exudes an air of exclusivity. Here you will not only find 5km of sand and warm waters, but a good choice of restaurants, bars and nightlife. There will be a regular minibus service taking you straight from the lobby to Albena in 6 minutes. Golden Sands is only 10 minutes away and offers a great alternative, especially if you are looking for the best of the night-time entertainment!
Alternatively for those wanting to practise their swing there is a golf driving range just 500m away from us and a choice of three golf courses within a 20 minute drive, two of which are currently under construction.
The developmwnt is 20 minutes from Varna and its international airport. Being the capital of the coast it is unrivalled in its charm and cosmopolitan atmosphere, unquestionably the best coastal area for quality restaurants, shopping and nightlife.
Vantage Heights overall position enables easy access to the best of the Black Sea coast, yet remains away from the hustle and bustle in an exclusive location.

The Apartments:
There will be 190 apartments at Vantage Heights, all are planned in one phase and the doors will open in Spring 2009.
The complex consists of several buildings, the largest of which (Mansion House) houses the entrance lobby, reception and most of the facilities. There are ten other separate buildings which are designed as detached villas, each contain between twelve and eighteen apartments and have a penthouse floor that can be split into two or adjoined as one.

There is a full range of apartments to choose from, sizes below include terraces and common areas:

Studios from: 32 - 39 sqm
One Bedroom Apartments from: 51 -75 sqm
Two Bedroom Apartments from: 86 - 170 sqm
King and Queen Penthouses from: 75 - 170 sqm

Furnishings:
As many of these apartments will be rented there is no room to compromise on the quality of the furnishings, fixtures and fittings. All of the chosen products will need to stand the test of time so it is in everyone’s best interested to invest in quality from the start.

All apartments are fully furnished, a choice of packages will be available in the later part of 2007
Air-conditioning is included
TV and DVD player are included
All apartments are finished with fitted kitchens and bathrooms
All accessories from the bed linen to the roasting dish are included too

Disabled Access:
The main building has been designed with the entrance, lobby, restaurant, top swimming pool and sun terrace all on one level and as such it offers easy access. In addition, Mansion House also has two lifts which will allow wheelchair access to the upper floors. Should it be required we will appropriately modify the doorways and bathroom of your chosen apartment without any additional charge.

Water Source:
To add to the unique nature of this development all water onsite will be mineral water sourced from an aquifer 1000m below the hillside. We are spending more than 250,000 Euros to bring the spa centre, swimming pools and even your taps a flow of pure mineral water. We’re convinced that you will be able to taste the difference.

Management Fee:
In order to keep the complex in good working order there is an annual management fee of 10 Euros / sqm excluding VAT. This covers the costs of heating, lighting, cleaning and maintaining the ‘common areas’, which constitutes areas such as the lobby and corridors which are owned collectively by all buyers.


FACILITIES
Onsite will be an extensive array of facilities to entertain and relax you, these will include
Swimming:
760 sqm two tiered Swimming Pool
2.7m Waterfall
Children’s Pool
2 external Jacuzzis
Spa Centre:
Turkish Baths
Steam Baths
Saunas
Wraps
Pearl Bath
Whirl Pool
Body and Face Massage
Manicure
Pedicure
Sports and Leisure:
Tennis Court
Squash Court
Basketball
Fully equipped Gym
Full size Snooker Table
Full size Pool Table
Aerobics
Food and Drink:
100 seat Restaurant
120 seat Panoramic Terrace
Two Pool Bars providing snacks and drinks
Lobby Bar
Other Onsite Facilities:
Hairdressers
Bureau de Change
Cash Machine
Doctors Surgery
Conference / Multipurpose room
Underground car parking
General Shop in the lobby
Regular Minibus service to the beach
One Acre of Landscaped Parkland
Nearby:
Jeep Safari
Windsurfing
Paragliding
Jet Skiing
Waterskiing
Golf Driving Range and three 18 hole courses

RENTAL GUARANTEE
At Vantage Heights a professional management team will be in place to provide a rental service, thus creating an additional income for you that is above and beyond the 5% guaranteed by contract. The rental payments will therefore come in two parts:
Firstly, you will receive 5% of your total investment (paid biannually) every year for two years, guaranteed.
Secondly, in addition you will receive an equal share of the total rental income for the complex. This will be based on your apartment type and size and will be subjected to a 25% rental management fee.
We predict that your total income from rental will be closer to 8% over the first two years. After this time options will be volunteered to continue with a private rental agreement for your apartment.
For buyers who accept the rental guarantee the costs of water and electricity will be covered by us for the duration, however the management fee will still apply.
Access to your property under the rental agreement:
We do not believe in preventing access to your apartment, as such the following simple rules apply to every buyer that opts for the rental guarantee;
You will have unrestricted access to you property during off-peak times of the year
During peak season you will be required to give 6 weeks notice
Usage during peak season will result in deductions from the rental guarantee

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