Mansion Club Eng 2010 Final

OPPORTUNITY DETAILS – Development project for sale

Price: EUR 3.25m

LOCATION - Frontline site overlooking The Old Harbour Byala

PLOT SIZE - 11300 Square Meters

BUILD-UP AREA – 16 800 Square Meters

LAND STATUS - Regulated with Building Permission

SECTOR - Lifestyle Residential

OPPORTUNITY TYPE - Ready to Build 5 Star Luxury Gated Residential Resort Complex

REVENUEGross Development Value (Sales) 20,147,633

EXPENDITUREDevelopment Cost 8,589,913Recommended Sale Price of Project [€4,101,296] Disc. Sale Price 3,250,000Transfer Tax & Legal 100,378

Total Expenditure 11,940,291

PROFIT (Based on discount price @ Eur3.25m)

€8,207,342CONDITIONS OF SALE – PURCHASEThe company Vineyard Villas OOD will be sold as a going concern with all its assets and intellectual property, which include the project and land called MANSION CLUB, all permissions, all drawings, all 3d visual images and website www.mansionclubbulgaria.com

Summary Appraisal

REVENUESales Val.m² Rate m²Gross Sales

Apartments 13,017.00 €1,425.00 18,549,232Uground Car Parking €3,580.00 €300.00 1,074,001Commercial 699.20 €750.00 524,400Totals 17,296.20 20,147,63320,147,633

NET REALISATION 20,147,633

OUTLAY

ACQUISITION COSTSFixed Price (16,800.00 m² €193.45 pm²) 3,250,000

3,250,000CONSTRUCTION COSTS

Const.m² Rate m² CostApartments 13,017.00 €420.00 5,467,140Uground Car Parking 3,580.00 €250.00 895,000Commercial 736.00 €350.00 257,600Totals 17,333.00 6,619,740 6,619,740

Developers Contingency 5.00% 330,987330,987

PROFESSIONAL FEESProject Mgt Co 4.00% 264,790

264,790DISPOSAL FEES

End Sales Legal Fees 0.50% 100,738Apartments 1,112,954Uground Car Parking 64,440Commercial 26,220

1,304,352-

VATTotal Paid (1,675,553)Total Recovered 1,675,553

FINANCEDebit Rate 7.000% Credit Rate 0.000% (Nominal)

Land 170,397Construction 25Total Finance Cost 170,422

TOTAL COSTS 11,940,291

PROFIT €8,207,342

Performance MeasuresProfit on Cost% 68.74%

Profit on GDV% 40.74%Profit on NDV% 40.74%

IRR 146.82%

This document is confidential and has been made available to the individual/ Corporation on the understanding that its contents will not be disclosed or discussed with any third parties except for the individual’s / Corporation’s own professional advisers. The information contained within this document does not form part of any contractual agreement.

Discover MANSION CLUBElegance & Sophistication 

MANSION CLUB is set in an oasis of luxury in lush gardens overlooking The Old Harbour Byala and Obzor bay and is ideally situated being equidistance from the international airports of Bourgas to the South and  Varna, the Sea Capital to the North. The thirty five minute drive to MANSION CLUB will enchant and enthral you with beautiful scenic views along the Black Sea coast. Byala is a rich wine centre, with traditions in the wine industry that date back to ancient times and here the wine of the extremely fine vintage “Dimyat” is lovingly produced.

Byala has all the beauty that Mother Nature could have bestowed upon it; crystal clear water, the most beautiful white sandy beaches - ideal for all ages, unbelievable coastal scenery and surrounded by evergreen forests and nature reserves. The harbour is a welcome haven for the many yachts that visit and the proposed new marina of international standards, with direct views from Mansion Club, will substantially increase the desirability of the area.

MANSION CLUB set in a prime sea front location and hosting superior

luxurious apartments and villas.

An Oasis of LuxuryThe Residence MANSION CLUB is set amidst lush gardens, elegantly landscaped with a profusion of local plants and trees. Panoramic views to the sea and mountains are an ever ending source of delight as is the beauty of the magnificent gardens and grounds. The harmony which nature imposes on the charming surroundings is preserved by excellence of planning and design, offering owners the assurance of a lifestyle in a luxurious environment but with all the modern conveniences that design, quality and space can provide; a combination of modern Mediterranean style architecture and European interior design, encompassed in tranquil and lush surroundings.

MANSION CLUB apartments feature spacious bedrooms, generous lounge areas along with marble bathrooms and look out onto lush gardens and to the bay of Obzor. In addition, the luxurious villas (some available with private pools) feature roof top Jacuzzi’s and generous outdoor terraces.Most stunning of all however, are the penthouses with panoramic views to the sea and featuring a roof sun terrace with private Jacuzzi’s - the perfect invitation for an alfresco breakfast or romantic dinner.  MANSION CLUB exclusive and sophisticated - perfect for those seeking a relaxing seaside retreat. 

Superior quality at an affordable price

MANSION CLUB is an extremely spacious and uncluttered contemporary designer complex with magnificent sea views across Lunar Bay to Obzor and overlooks quiet secluded beaches and the Old Harbour. Close by are four internationally designed Championship golf courses, tennis courts and Water Sports equipment hire.

The complex itself boasts a myriad of facilities to keep all membersof the family happy including

Health SPA - Fitness centre - Beauty salonLarge swimming pool, pool bar, children’s pool with secure play areaRestaurant, Mini martMedical centreInternet room and management offices with full management services

All villas and penthouses come with private Jacuzzis and generous sun terraces and the gated complex can be approached either via the covered entrance with uniformed 24/7 manned and CCTV security, or directly into the complex via the secure full underground car parking garages.

To complete the package, all individual dwellings come with state-of-the-art security swipe keys, quality kitchens and bathrooms, a comprehensive choice of luxury furniture packs or individual bespoke packages and the option for individual apartment management.

Features of the Complex

MANSION CLUB …LIFESTYLE

MANSION CLUB is close to the many shops, cafés and nightclubs in Obzor and Byala

A range of excellent restaurants offer everything the discernable palette could desire, with a gastronomic choice ranging from typical Bulgarian to the very best International cuisines.

The resort is also serviced with regular transportation to both Bourgas and Varna with their state of the art shopping malls, chic designer shops and everything associated with a busy modern metropolis.

This exclusive location also offers a variety of activities including beautiful clean sandy beaches and for the more adventurous the local marina and harbour is ideal for all the associated pleasures of Water skiing, Sailing, Fishing, Surfing, Scuba Diving, Windsurfing etc.

Golf merits a special mention with the proposed creation of three new championship golf courses in the area and the magnificent signature golf courses now open north of Varna.

Lifestyle Living

With a real sense of privacy, luxury and exclusivity, the wellness centre health Spa takes a holistic approach to well being, combining ancient eastern therapies with the latest western techniques to encompass mind, body and spirit.

Health Spa

Facilities include

Turkish bath steam room

Sauna

Jacuzzis

Massage rooms

State of the art Gym equipment

Hair and beauty salon

Heated pool

 The Developer

MANSION CLUB has a dynamic management team with extensive experience in the property business. In addition, the development team have many years experience in operations and financial management.

The project has been designed by international architects in Spain, with a vision to fulfil the need of the more discerning clientele now requiring luxurious properties of a high quality on the Black Sea coast.

Our input has been significant in restating the fundamental equilibrium which should exist between development and nature. We as developers and the architects believe that in this Millennium the customer is entitled to demand a far superior quality of life, founded on the two symbols of the spirit of our times - fascination with the cult of technology and concern for the environment. 

The main objective of our development group is to meet the most demanding standards and discerning tastes of a market which is better informed than ever before.

MANSION CLUB - the essence of European culture and architecture, allowed to evolve into a unique and

compelling vision.

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