White Pearl, First-Line Apartments with Panoramic Sea Views
Prices from € 143,480 (2,000 €/m²)

White Pearl, Kavarna Bay

White Pearl residence is an exclusive development which is situated in the attractive and peaceful sea-side resort of Kavarna. The development offers 51 stylish apartments, each with a stunning, panoramic view of the Black Sea. The luxuriant, private gardens will provide a romantic atmosphere. Stroll around the gardens, admiring the flowers and shrubs, and then lie back and relax in the soothing waters of an open-air jacuzzi. Facilities at the White Pearl complex will also include a swimming pool, fitness centre and sauna.

There is a choice of 1-bedroom and 2-bedroom apartments that will all be finished to an excellent standard. Exquisite furniture packages are available. At White Pearl, you can choose from a range of stunning styles produced by UNIK Furniture Design.All apartments on the fourth floor will have the added benefit of a private roof-garden with amazing sea views.

The town of Kavarna is attracting a tremendous amount of interest and investment. 60% of the town's infrastructure has been renewed and the town is serviced by a fast EU-funded road that takes you to Varna International Airport. Three championship-level golf courses are being built nearby, and two of these are already open for use. Planning consent has just been given for a further golf course outside the resort of Albena, on the road from Kavarna to Varna. The construction of a new yachting marina at Kavarna adds yet another attraction to this region.

More than 700 million Euro has been invested in the Kavarna region during the period 2005 - 2008. Wise investors continue to be drawn to this still under-developed area which offers the promise of extremely high returns. The municipality of Kavarna was awarded a European diploma from the Parliament assembly of the Council of Europe. The diploma is Europe's acknowlegement of the work carried out by the Municipality.

White Pearl will be completed in 2010.

White Pearl Specification

Features at White Pearl include:

• Situated right by the beach
• Swimming pool
• Fitness Centre
• Sauna
• Close to shops and restaurants
• All apartments have panoramic sea views
• Apartments have spacious balconies
• Most apartments have jacuzzis
• Fourth-floor apartments have private gardens
• 10 year building guarantee
• Excellent build quality

White Pearl Payment Schedule

Payment Scheme A - with the possibility of a mortgage

• € 750 deposit
• 15% at preliminary contract
• 25% within 6 months of signing the preliminary contract
• 60% at least 15 days before signign the Notary Deed

Payment Scheme B - with 2% discount

• € 750 deposit
• 40% at preliminary contract
• 20% within 6 months of signing the preliminary contract
• 20% within 12 months of signing the preliminary contract
• 20% at least 15 days before signing the Notary Deed

Payment Scheme C - with 5% discount

• € 750 deposit
• 90% at preliminary contract
• 10% at least 15 days before signing the Notary Deed

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.