Blue Bay First-Line Golf Apartments
Prices from € 57,879 (792 €/m²)

Blue Bay First-Line Apartments in Kavarna, Bulgaria

The spectacular Blue Bay Residence is situated in an elevated position in Kavarna. This stunning development is set on a hill and a chair-lift will take residents from the complex down to the beach. The complex will offer superb facilities, including an open-air swimming pool, a children's pool, a spa centre and an elegant restaurant with a panoramic terrace. Every luxury will be provided, including yachts and helicopters, a yachting club and a diving centre. This will be an excellent venue for entertaining business clients, as well as a holiday paradise.

The Blue Bay complex will comprise 60 studio, 1-bedroom and 2-bedroom apartments. All of the apartments will have wonderful views across the Black Sea. There will be a rental management company on site, through which owners can rent out their apartments and receive a guaranteed rental income.

Blue Bay is on a hill-top, overlooking the Black Sea

Kavarna is situated 40 kilometres from Varna and only 15 minutes away from Balchik. The town of Kavarna is well-known throughout Europe as a centre for music and entertainment. During the summer season there are music concerts and internationally-famous bands travel to Kavarna to play. The town has a yachting port and fishing facilities. Kavarna is also becoming a familiar name due to the construction of three professional-quality golf courses in the neighbourhood. The Thracian Cliffs and Black Sea Rama golf courses have been designed by the renowned golfer, Gary Player, and the Lighthouse Golf Course is designed by the equally famous British professional player, Gary Woosnam. The perfect climate along the coast provides an extended golf season which stretches over 10 months of the year. This means that Kavarna is set to become a major golf destination.

Blue Bay Residence will be completed in time for the 2009 summer season.

Blue Bay Specification

Facilities at the Blue Bay complex will include:

• Open-air swimming pool
• Children's pool
• Spa centre
• Chair-lift to beach
• Unique panoramic view of the Black Sea
• Lobby bar
• Elegant restaurant with panoramic terrace
• 24-hour security
• 24-hour reception
• Underground car parking
• Car rental
• Professional management and maintenance services

There are also VIP services for residents of Blue Bay:

• Yachts and helicopters
• Diving centre
• Yacht club

The annual maintenance fee is € 9 per square metre.

Rental Income

The potential rental income for apartments in the Kavarna area is shown in the following table. These figures are estimates of the rent that can be charged per week (in EUR) during the low and high seasons. At the moment, Kavarna is not well known as an international tourist destination, but this is certain to change, due to the opening of PGA golf courses and the planned construction of a yachting marina. Although rental rates will be fairly moderate at the moment, the rental income will increase dramatically over the next few years.