Holiday apartment in Lakeside Park - a place you can enjoy  fishing within meters of your apartment

Disposition : entrance hall, corridor, bathroom together with WC, open plan living room with kitchen box, veranda with view to lake. Total size 47.61 sq.m ( actual 32.46 + 4.94 common part and 10.21 veranda)

Lakeside Park is situated close to the old village of Nikolaevka which dates back to the 1800's and is a new ecologically dream location. 22 km from Varna International Airport which offers direct flights to the UK and just 27 km away from the city centre of Varna or less than 30 minutes drive to the beach. It consists of stylish and comfortable apartments that are being built next to a large freshwater lake close to the village which is near to the sophisticated and fashionable seacoast capital town of Varna. The village has a rural location with the added benefits of being close to the Black Sea Coast's beaches. The lake itself is approximately 3 kilometres in length and already has an established reputation with Bulgarians and visitors alike as a popular place to picnic and fish

Key features of the location

• The beach resort of "Albena" is 50 km away, "Golden Sands" resort is 45 km away and "St. Constantine and Elena" resort is 35 km in distance.
• The golf courses near the town of Kavarna are about 88 km away.
• The area is quiet and secluded, away from busy life in the cities but the biggest supermarkets are within easy reach and stocked with everyday items.
• Enjoy fresh air and beautiful countryside and the chance to spend lazy days fishing;

Facilities

• Russian bath on the shore lake
• Individual parking spaces for buyers
• Private swimming pool with sunbathing areas
• Bar and barbecue area
• Reception facilities
• Internet connection on request
• Landline connection (on request)
• Cable TV connection (on request and upgradeable)
• 24 hr security
• Transfers to the city of Varna
• Management services provided by Eastmanagement Ltd.
• Children's playground

Standard of finish and construction

Monolithic construction, partion walls with red brick masonry , outer insulation, slanted roof covered with roof tiles. PVC joinery - double glazing, natural wood color. The inner doors arev madeof gypsum- board and are latex painted. Floors laid with high quality laminated parquet , the common parts and the terraces are covered with terracota and granite tiles. The sanitary units are fully equiped - with faience and terracotta tiling. Each apartment and house is with an air-conditioner.

Payment paln

2000 EUR -  deposit payment when reserving a property at Lakeside Park and signing of the preliminary contract;

10% of the purchase price ( minus the 2000 EUR deposit )- at completion of the excavation works;

70 % of the purchase price - thirty days after signing of the preliminary contract;

15% of the purchase price - at completion of the exterior work
5% of the purchase price - upon completion of the deal and receiving the title deeds.

Accenst

1. Extremely good prices
2. High build quality with excellent materials
3. Air conditioners in all apartments /heating settings/
4. Rural location in the Bulgarian countryside
5. Within easy reach of beaches, resorts, Varna and airport  - 22 km
6. Fishing within meters of your apartment

Construction type: Brick

Year of construction: 2007 Year

Stage of construction: rough construction completed

Completion date: 12.2008

Heating: Air conditioner

Number of bathrooms: 1

Joinery: PVC

• New development
• Security

Agent's valuation of the offer Excellent!

See the project

Acquisition of land by foreign citizens and foreign legal entities in Bulgaria after 01.01.2007

According to the commitments of Bulgaria made in the process of European integration in Art.22 of the Constitution, changes have been made to harmonize Bulgarian legislation with the law of the European Union. According to these changes, foreigners and foreign legal entities can acquire ownership of land in the following cases:

I. as provided in the terms and conditions of the Accession Treaty of the Republic of Bulgaria to the European Union;

II. by virtue of an international treaty, ratified, promulgated and entered into force for the Republic of Bulgaria;

III. through inheritance by law.

I. The legal framework related to the acquisition of land is outlined in Attachment VI, Section 3, Clause 1 Free movement of capital of the Accession Treaty. According to this Attachment, foreign citizens of the member-states of the EU or the European Economic Community (EEC), as well as foreign legal entities established in accordance with the legislation of a member-state or a state consituting a party to the EEC Agreement, who are legally staying in Bulgaria from 01.01.2007, can acquire ownership of land for a second home according to the rules of land acquisition applying to Bulgarian citizens. A legal definition of the term "second home" is given in the Amendment and Supplement Bill to the Ownership Act, where it is written that a "second home" is the one different from the main home one possesses in any of the EU member-states.
According to the norm, all limitations to citizens of the EU and EEC member-states who are permanently staying in Bulgaria are no longer valid. A definition of the term "permanently staying" is given in the newly adopted Act on entering, staying and leaving the Republic of Bulgaria by EU citizens and members of their families /State Gazette, Issue 80 of 03.10.2006/.
For citizens or legal entities who are not permanently staying in Bulgaria, limitations to the acquisition of land for a second home are introduced, i.e. they shall be limited as to this right. The time period of this limitation is 5 years, i.e. up to 2012.
As regards the acquisition of ownership of agricultural land and forests, Attachment VI, Section 3, Clause 2 introduces a 7-year limitation period, in which citizens of the EU and legal entities, established in EU member-states cannot acquire such land. This, however, does not apply to "independently employed agricultural producers who are citizens of another member-state, and who wish to settle and stay legally in Bulgaria".
Bulgaria has the right, irrespective of the time periods specified above, to make a general review of these transitional measures in the third year from the EU accession, i.e. in 2010. In view of this aim, the Commission shall present a report before the Council. The Council can vote unanimously by proposal of the Commission to shorten or to lift altogether the transitional periods of 5 and 7 years respectively.
In connection with these changes, there are amendments to the Forestry Act, Protected Areas Act, Agricultural Land Ownership and Use Act, and the Act on Restoration of Ownership over Forests and Land in the Forestry Reserve Act being prepared as well.
See also
http://www.parliament.bg/?page=home&lng=en&r=n

II. The issue of acquisition of land by foreign citizens and foreign legal entities established according to the legislation of a state which is not a member of either EU or the EEC is referred to in the second hypothesis of Art. 22 of the Constitution. Such citizens and legal entities can acquire ownership of land by virtue of an international treaty, ratified, promulgated and entered into force for the Republic of Bulgaria. This regulation is valid as of 01.01.2007 and there is no hypothesis for amendment within a certain time period.

III. In the old Art.22 there was an obligation for foreigners, who have acquired land by inheritance, to alienate it within 3 years of the acquisition. This text has already been cancelled. The regulation, however, still exists in Art.29, para.2 of the Ownership Act. This limitation is planned to be cancelled with the changes in the Ownership Act, and thus a restriction will remain only in relation to the acquisition of agricultural land and forests.