The complex consists of 2 parts - a luxury Hotel ("Vihren Palace") and a residential complex made up of private apartments (“VIHREN RESIDENCE”). Each apartment will have an Internet connection and a direct telephone line. All apartments will have electricity installation, water and drainage, economical radiators for heating.
The building of the “Vihren Residence” holiday complex consists of a basement, ground floor, three model floors, a floor with maisonette apartments (ateliers), and an under-roof floor. Each of the three model floors includes 16 apartments.
From 38sq.m to 97 sq.m living area
Completion date: summer 2007
Payment plan:
*30% - at singing the contract
*20% - no later then December 2007 (with right of usage)
*50% - no later then 30 October 2008 (transferring the property)
The combination of the hotel and apartments (Apart-Hotel) has been conceived to be beneficial to the apartment owners and rental clients. The combination provides an alternative choice for people who want access to a wide range of good quality facilities (which could not be maintained by an apartment building alone), with the freedom of not staying in a hotel. The full range of the Hotel’s facilities and services including room and laundry services will be available to occupiers of the apartments (for an annual fee or at a discounted rate).
The main power of attraction for investors involves their ability to sign contracts with the hotel in order to sublet the bought apartments at hotel rates. For this purpose will be implemented a special management programme with different variants for rent.
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Company addresses
Villa 2, Street 2, "White Cliffs", Balchik 9600, Bulgaria
Availability and prices of all properties are subject to checking by Albany Properties as it is not uncommon for Albany to be left uninformed when properties are sold or the price changed. Similarly, amounts of land and property sizes are often misquoted by the vendor and are subject to verification by Albany Properties prior to sale.