Selena Residence

Wonderfully located in a distance of only 300 metres from the sandy beach of the well known Sunny Beach resort is the new development Selena Residence. This part of Bulgaria is particularly popular with families but also with those who are planning on buying a second home under the sun. A long promenade that is dotted with cafes, shops and restaurants invites to go for a stroll as it is just a stones throw away from the complex.

Sunny Beach is probably the most visited holiday destination in Bulgaria. It is offering a warm climate throughout the year, fascinating natural surroundings that are waiting to be discovered, historical and monumental sights and most important: the close proximity to the Black Sea and its magnificent beaches.

All of this and much more is easy to access from the Selena Residence complex. Nessebar for example is another point of interest that can be found within walking distance. The World Heritage Site (by UNESCO) is rich in culture, history and sights which gives the Selena Residence an even better location.

The Selena Residence and the town in which it is located can be reached without any problems due to the International Airport of Bourgas which is just a 30 minute drive away. From there you can either take a taxi or a bus to get to Sunny Beach.

Each of the 209 studios, 1 bedroom apartments and 2 bedroom apartments of the Selena Residence will include a wide range of amenities, including a private railing balcony with views of the pool area or the surroundings, telephone and cable TV connections, furniture, heating and air conditioning, a complete bathroom and kitchen.

The development itself will boast of gardens and greenery in which three outdoor pools can be found, sun terraces, a bar, a restaurant, a number of shops, an internet cafe; and an underground car park. As the complex is offering apartments over six floors, there are also lifts available.

The style and design of the entire complex reminds more of the western European architecture. The stunning Selena Residence will feature apex roofs, ground arches and other typical characteristics, once it is completed. Building works are planned to be finished around summer 2008.

Important to know is the way of payment for the amazing new homes. The first rate of 40% is due when you sign the contract, around 21 days after paying the deposit. The second rate (20%) will be due on rough construction (around the second quarter of 2007) which includes the completion of roof and exterior and the third rate (40%) on completion of the entire development, in summer 2008. For two years there will also be a guaranteed net rental income of 4.5%.

Summary
Location: Selena, Sunny Beach. Type of apartments: Studio, 1 or 2 bedroom. 209 apartments available to buy or to rent. Majority of the apartments are on the sea front. Size: The size of the apartments renge from 30 square metres to 120 square metres. Prices starting at 72,500 EUR (50,000 GBP)

Reasons To Invest
There are many great reasons to invest in property in the selena residence complex. Which include:

Excellent on-site facilities
Guaranteed Net rental income of 4.5% p.a for 2 years
Very close (around 300 metres) from the beach
Only 30 minutes from the Bourgas international airport

Payment Terms
The payment terms should you decide to invest, get a holiday home or to move to the selena complex would be as follows:

The first payment would be required if and when you decide to buy the apartment, this would be a payment of 1,000 euros as a deposit.

The second payment would be required about 3 weeks (21 days) after deposit, this would be a payment of 40% of the overall price as a private phurchase contract.

The third payment would be around may in 2007 and would be a further 20% of the overall price this would be during construction of the building.

The final payment would be upon completion in the summer of 2008.

Unit Plans
Studio apartment
Large