Full Description

Completed and proven to be generating an excellent rental income the Sunny Holiday apartments represent an excellent investment opportunity in the newest developing area of Bulgaria's biggest holiday resort, Sunny Beach.  

Situated just 400m back from the wide sandy beach Sunny Holiday consists of 108 well proportioned apartments set around a large free form swimming pool. The remaining one bedroom apartments are priced at 850 Euros per square meter for a finished apartment or an additional 4,500 Euros ensures a fully furnished ready to rent apartment.  

Sunny Holiday currently operates under contract to a large international tour operator that markets the property primarily to the Scandinavian market. The 2007 summer season resulted in a 5.2% rental return on investment for apartment owners with occupancy rates in excess of 70% from May through to September. At the current rental rates this translated to a 3,000 Euro income for a one bedroom apartment for the season.

The management company has already signed a contract with the same operator for the 2008 season with a 7% increase in rental rates. They are also in the process of agreeing contracts with other tour operators that will increase occupancy even further.

Ranging from 38 to 80sqm, each apartment is fully finished with terracotta tiled and wood laminate floors, fully completed bathrooms, air-conditioning and internet / TV cabling. All living rooms have wide balconies overlooking the pool, whilst the bedrooms face the quieter part of the development. 

The facilities and benefits of apartments at Sunny Holiday include :

• Rental Contracts in place and proven to be generating a high income
• Low Cost Investment, strong capital growth
• Large freeform swimming pool
• Wide poolside terracing for rest and relaxation
• Restaurant
• Shops and a hairdressers
• Free Parking
• Year round 24 hour security
• Three lifts in each building
• Maintenance costs at only 6 Euros per sqm pa