How far from the airport is Kavarna WaterWorld?
It’s about 50 minutes by road (55 km) from Varna International airport.
How far from the beach is it?
The beach is very close – only 2 minutes drive.
How far is the golf course?
Located in the Golf Riviera, Kavarna WaterWorld is in immediate vicinity to Thracian Cliffs Golf Course and a short drive to BlackSeaRama and Lighthouse Golf Resort.
Do all apartments have good views and balconies?
Yes! Most of the apartments in Kavarna WaterWorld provide exceptional views to the Sea or the WaterWorld attractions. But be sure, even if you choose an apartment with views to the park, you will own an apartment in one of Bulgaria’s most sought after holiday areas! All apartments have balconies, or terraces.
What makes Kavarna WaterWorld so special?
This exclusive development will be the area’s most family friendly development. It has a remarkable range of facilities: Spa and Sport Centre, indoor swimming pool, outdoor swimming pool and water slides, inside and outside children playground and a restaurant. The concept of the development is to offer facilities and entertainment for all ages, which is a demand from every holiday owner or holiday maker. With so many attractions in the development itself, Kavarna WaterWorld is a special place in a special area. Here’s a list of all facilities: 24 hours reception, Lobby, Lobby bar, Restaurant, Provisions shop, Water park including outdoor adult and children swimming pools with water attractions, Children club and playground, Indoor swimming pool with natural solarium effect, WaterWorld Spa and Wellness Center including sauna, Jacuzzi and massage, Sports Centre with fully equipped gymnasium and darts, 24 hours wireless hot spot, Landscaped gardens, Car park, 24 hours security, man guards, CCTV
Do the apartments come furnished?
The furnishing of the apartments is optional and will be paid additionally. The furnishing packages will be available soon. They are highly recommended for those of the owners who wish to rent their apartments out.
What’s the “common area” that is added to the apartment size?
This is the specific apartment’s share from all the common parts in the building, which are owned not by anybody else, but from every owner in the apartment complex. This area varies depending on the size of the apartment and covers your part of shared ownership of common areas, such as corridors, staircases, lobby, reception, lifts and entrances. In short, you are buying not just an apartment, but also a share of the whole building.
Is VAT payable for property purchase and what is the rate?
All apartment prices include 20% VAT. There is no VAT to pay on top.
How can I buy an apartment – what should I do?
In order to buy an apartment, we need to know which one have you chosen and pay a reservation fees, so that we can stop marketing it for sale for 4 to 6 weeks period. Within this period you have time to organize your funds and make the first payment.
What is the reservation fee?
The reservation fee is 1000 Euros. It is fully refundable during the pre-release period. Once the official release has been launched, reservation fees are non-refundable.
When do I sign the Preliminary Contract?
The preliminary contracts for the apartments, reserved in the pre-release period will be signed at the official release of the development. Preliminary contracts for the apartments, reserved after the official launch of the project, will be signed within 4 weeks from payment of reservation fee.
When do I make my first stage payment?
Four weeks from signing the preliminary contract.
Is the property Freehold or Leasehold?
Apartments are being sold endless Leasehold.
Can I resell my apartment before completion?
It is not a problem to buy and sell apartments in this complex and if you purchase at the early prices, you will be able to benefit from the price increases. Any profits are free of capital gains tax.
Will I be taxed on profits of selling my apartment in the future once completed?
If you buy as endless lease, in your own name and this is your only property you are selling for the current year, then there’s no tax. This is information, which is up to date by the time the project’s release. As always with tax matters, we advise to check with an accountant.
I understand the Developers are very experienced, but what happens if they go bust during the project?
The project benefits from the combined support of two established companies, Hanroc Developments Ltd and Varaks Story. Established in 1990, Varaks Stroy has built up a reputation for successfully completing large and small construction projects in Borovets Ski Area and Varna Area on the coast. Varaks is registered in the Bulgarian building chamber and has building insurance, which is another guarantee for its clients. Hanroc Developments are involved in a range of projects in Eastern Europe and beyond and have just completed on time the successful Eagle Rock developments in Beli Iskar, Bulgaria.
Apart from the first stage payment, you will never pay for something that hasn’t been built. The contract management and after sales service will provide digital photographs, which will be sent regularly to your e-mail, showing progress on building.
How long is the golfing season?
The golfing season is at least 8 months – end of March till November. If the weather conditions are suitable the golf courses will be opened in the other months as well.
Do the properties have insurance?
Each homeowner is personally responsible for his individual property insurance. The Property Management Company on site will assist the homeowners in choosing the most optimal insurance companies and conditions for their property. This is information, which is up to date by the time the project’s release. As always with tax matters, government can always make changes.
I have the funds only for the first installment. Can I obtain a mortgage and when?
Yes, you can obtain the mortgage as soon as you have put at least 20% first installment. Banks mortgage at credit rate around 7%. The mortgage is secured on the property in Bulgaria. The purpose for the funds that the bank will release for you are to be invested in real estate in Bulgaria.
What is included in the contract management and after sales support?
1. Arranging and providing all the documents for the preliminary contract and the deal for purchasing of an apartment.
2. Full support before and during the building process, choosing furniture, changes of the interior of apartments upon request. Digital photographs will be sent regularly to your email, showing progress on building.
3. Regular update information about the area, golf courses progress and any other news related to the project.
4. The contract management and after sales support fee is 1,5% of the price of an apartment or 1% for multiple purchases.
What is the maintenance fee?
Cleaning and maintaining of the communal area. This includes: Communal area inside the building, garden, outdoor and indoor swimming pools, outside area and alleys, lift.
List of services. Security guards – 24 hours, handyman for general maintenance, arranging repairs under the building guarantee, cleaning inside areas (including staircases, corridors, entrances), cleaning alleys, garden winterizing and maintaining, maintaining swimming pool, maintaining elevator, payment of electricity and water bills for the communal area, payment of communal and garbage collection fees.
What are the factors behind Kavarna WaterWorld’s price growth?
Prime location in top Black Sea destination, next to three golf courses
• Investment inflows into this key location
• Unique range of facilities at WaterWorld
• Access to the best beaches in Bulgaria •Increasing range of flights into Varna airport
• General strong market growth in Bulgaria
• Entry to EU in 2007, bringing a wave of more conservative buyers to the marketplace
• Increasing availability of cheaper mortgages to Bulgarian and foreign buyers.
It’s about 50 minutes by road (55 km) from Varna International airport.
How far from the beach is it?
The beach is very close – only 2 minutes drive.
How far is the golf course?
Located in the Golf Riviera, Kavarna WaterWorld is in immediate vicinity to Thracian Cliffs Golf Course and a short drive to BlackSeaRama and Lighthouse Golf Resort.
Do all apartments have good views and balconies?
Yes! Most of the apartments in Kavarna WaterWorld provide exceptional views to the Sea or the WaterWorld attractions. But be sure, even if you choose an apartment with views to the park, you will own an apartment in one of Bulgaria’s most sought after holiday areas! All apartments have balconies, or terraces.
What makes Kavarna WaterWorld so special?
This exclusive development will be the area’s most family friendly development. It has a remarkable range of facilities: Spa and Sport Centre, indoor swimming pool, outdoor swimming pool and water slides, inside and outside children playground and a restaurant. The concept of the development is to offer facilities and entertainment for all ages, which is a demand from every holiday owner or holiday maker. With so many attractions in the development itself, Kavarna WaterWorld is a special place in a special area. Here’s a list of all facilities: 24 hours reception, Lobby, Lobby bar, Restaurant, Provisions shop, Water park including outdoor adult and children swimming pools with water attractions, Children club and playground, Indoor swimming pool with natural solarium effect, WaterWorld Spa and Wellness Center including sauna, Jacuzzi and massage, Sports Centre with fully equipped gymnasium and darts, 24 hours wireless hot spot, Landscaped gardens, Car park, 24 hours security, man guards, CCTV
Do the apartments come furnished?
The furnishing of the apartments is optional and will be paid additionally. The furnishing packages will be available soon. They are highly recommended for those of the owners who wish to rent their apartments out.
What’s the “common area” that is added to the apartment size?
This is the specific apartment’s share from all the common parts in the building, which are owned not by anybody else, but from every owner in the apartment complex. This area varies depending on the size of the apartment and covers your part of shared ownership of common areas, such as corridors, staircases, lobby, reception, lifts and entrances. In short, you are buying not just an apartment, but also a share of the whole building.
Is VAT payable for property purchase and what is the rate?
All apartment prices include 20% VAT. There is no VAT to pay on top.
How can I buy an apartment – what should I do?
In order to buy an apartment, we need to know which one have you chosen and pay a reservation fees, so that we can stop marketing it for sale for 4 to 6 weeks period. Within this period you have time to organize your funds and make the first payment.
What is the reservation fee?
The reservation fee is 1000 Euros. It is fully refundable during the pre-release period. Once the official release has been launched, reservation fees are non-refundable.
When do I sign the Preliminary Contract?
The preliminary contracts for the apartments, reserved in the pre-release period will be signed at the official release of the development. Preliminary contracts for the apartments, reserved after the official launch of the project, will be signed within 4 weeks from payment of reservation fee.
When do I make my first stage payment?
Four weeks from signing the preliminary contract.
Is the property Freehold or Leasehold?
Apartments are being sold endless Leasehold.
Can I resell my apartment before completion?
It is not a problem to buy and sell apartments in this complex and if you purchase at the early prices, you will be able to benefit from the price increases. Any profits are free of capital gains tax.
Will I be taxed on profits of selling my apartment in the future once completed?
If you buy as endless lease, in your own name and this is your only property you are selling for the current year, then there’s no tax. This is information, which is up to date by the time the project’s release. As always with tax matters, we advise to check with an accountant.
I understand the Developers are very experienced, but what happens if they go bust during the project?
The project benefits from the combined support of two established companies, Hanroc Developments Ltd and Varaks Story. Established in 1990, Varaks Stroy has built up a reputation for successfully completing large and small construction projects in Borovets Ski Area and Varna Area on the coast. Varaks is registered in the Bulgarian building chamber and has building insurance, which is another guarantee for its clients. Hanroc Developments are involved in a range of projects in Eastern Europe and beyond and have just completed on time the successful Eagle Rock developments in Beli Iskar, Bulgaria.
Apart from the first stage payment, you will never pay for something that hasn’t been built. The contract management and after sales service will provide digital photographs, which will be sent regularly to your e-mail, showing progress on building.
How long is the golfing season?
The golfing season is at least 8 months – end of March till November. If the weather conditions are suitable the golf courses will be opened in the other months as well.
Do the properties have insurance?
Each homeowner is personally responsible for his individual property insurance. The Property Management Company on site will assist the homeowners in choosing the most optimal insurance companies and conditions for their property. This is information, which is up to date by the time the project’s release. As always with tax matters, government can always make changes.
I have the funds only for the first installment. Can I obtain a mortgage and when?
Yes, you can obtain the mortgage as soon as you have put at least 20% first installment. Banks mortgage at credit rate around 7%. The mortgage is secured on the property in Bulgaria. The purpose for the funds that the bank will release for you are to be invested in real estate in Bulgaria.
What is included in the contract management and after sales support?
1. Arranging and providing all the documents for the preliminary contract and the deal for purchasing of an apartment.
2. Full support before and during the building process, choosing furniture, changes of the interior of apartments upon request. Digital photographs will be sent regularly to your email, showing progress on building.
3. Regular update information about the area, golf courses progress and any other news related to the project.
4. The contract management and after sales support fee is 1,5% of the price of an apartment or 1% for multiple purchases.
What is the maintenance fee?
Cleaning and maintaining of the communal area. This includes: Communal area inside the building, garden, outdoor and indoor swimming pools, outside area and alleys, lift.
List of services. Security guards – 24 hours, handyman for general maintenance, arranging repairs under the building guarantee, cleaning inside areas (including staircases, corridors, entrances), cleaning alleys, garden winterizing and maintaining, maintaining swimming pool, maintaining elevator, payment of electricity and water bills for the communal area, payment of communal and garbage collection fees.
What are the factors behind Kavarna WaterWorld’s price growth?
Prime location in top Black Sea destination, next to three golf courses
• Investment inflows into this key location
• Unique range of facilities at WaterWorld
• Access to the best beaches in Bulgaria •Increasing range of flights into Varna airport
• General strong market growth in Bulgaria
• Entry to EU in 2007, bringing a wave of more conservative buyers to the marketplace
• Increasing availability of cheaper mortgages to Bulgarian and foreign buyers.
