Luxurious Estate, Villa in the Golden Sands Area — from €919 000 (ref. 10422)

Luxurious estate,  built in 2013 to a unique  project by a British architectural bureau is located on the edge of an oak forest 5 kilometres from the Albena beach and 15 minutes’ drive from Varna.

The estate occupies a plot of 4000 m² on the outskirts of a coastal village  and borders the Golden Sands nature reserve.  From the plot and the windows of the building there are magnificent views of the sea and the mountains, while the nearest 5-kilometre Albena beach has been awarded a “blue flag” and is considered a pearl of the northern coast of Bulgaria.

The villa with a total area of 518 m² has 6 bedrooms and 5 bathrooms, a basement, a sauna and 2 huge panoramic terraces as well as a swimming pool with an area of 48 m².

The building consists of 2 parts connected to each other by a glass corridor. The pragmatic layout allows many rooms in the building to be linked both visually and functionally.

In one wing of the villa there are 2 bedrooms, a living room with a spacious kitchen, 2 bathrooms and a basement room,  which houses a boiler room using economical fuel and a stationary sauna for 8 people.

In the other wing of the building there are 4 rooms, 2 bathrooms and 2 kitchens. This wing can be used both as part of the main building or separately by a second family. If necessary, this part of the building can be used as 2 independent apartments,  each of which already has a separate entrance, bathroom and kitchen.

Through  “French” shop-window windows the house is filled with sunlight throughout the daylight hours . Outdoor lighting and pool illumination contribute to an active lifestyle even at night. Increased functionality in any weather and at any time of the year is ensured by the spacious teak decking at the level of the ground floor. The decking connects all parts of the building on the outside, the swimming pool and the barbecue area. On the decking there is a gazebo with a sun awning and a table tennis table.

From all levels of the house and from the plot there is a magnificent panorama of the sea, the mountains and the nearby village.

The estate territory is private, as it is surrounded by forest and a ravine  and can only be accessed through an automatic checkpoint , via a private road connecting the estate with the asphalt road to Varna and the beach.  From the estate territory there is access  to a clean, protected forest, where you will find  many paths for walking and cycling. The estate territory is enclosed by a 2-metre transparent fence that allows the pastoral views to be preserved.

The estate is excellent for year-round living and is currently used by a family with school-age children who study in Varna.

Furnishings, finishes and equipment included in the price:

- 6 bedrooms - 17 sleeping places

- 3 fully equipped kitchens with built-in electrical appliances

- 8 high-class air conditioners

- sauna

- 50-metre swimming pool with filtration and lighting

- automatic gates with remote control

- 3 bathtubs

- 2 showers

- 4 built-in toilets

- 4 fully fitted bathrooms

- 3 refrigerators

- 3 extractor hoods

- 3 hobs and 3 ovens

- 1 dishwasher

- pellet boiler using euro pellets, with a capacity of 30 kW

- radiators in every room

- 17 sleeping places, 17 chairs and 3 dining tables

- Garden tables and furniture under the awning

- 5 wardrobes

- 3 sofas, cupboards, bedside tables, shelving units

- full provision of new bed linen and towels

- children’s playground

- basketball stand with hoop

- mini football pitch

Rental income:

The estate was built partly for letting to tourists during the summer and New Year periods. The average rental rate is 280-350 EUR per day. In 2014 the villa was let for the first time and the income for the summer of 2014 alone amounted to 19 000 EUR. In 2016 the net income was 25 000 EUR

Given that the average letting period is 10 days, the villa is easily maintained and cleaned with the help of 2 part-time workers during the summer period only. (if desired, these can be the owners themselves)

Water is free, taxes are minimal.

Given that the villa is let for only 3 months a year (summer) and the current owners live in the house themselves for 9 months, if desired the new owner can increase the annual income  to 35 000 - 40 000  EUR by letting during the New Year period,  as well as the warm months  April - May + September - October.   Additional income is possible by letting for 1-2 days for celebrations and parties.

Within walking distance of the villa there is inexpensive summer accommodation for the temporary residence of the owners under the 3-months-letting / 9-months-use scheme