1 Bed Apartment for sale in Dobrogea (Black Sea Coast), Romania

WE ARE NOW OFFERING A 20% SAVING ON OUR LIST PRICE AND THE OPTION TO PAY OVER 36 MONTHS FOR A LIMITEDNUMBER OF UNITS.
ACT NOW TO TAKE ADVANTAGE OF THIS FANTASTIC OFFER

The Development
We are proud to announce the release of Oasis Residence in the Black Sea resort of Vama Veche, Romania. Oasis is an outstanding high-quality development comprising 60 apartments set around private gardens with swimming pools, reception, gymnasium and underground parking, just 200 meters from a natural white sandy beach.

This fully managed, modern architecturally designed complex comprising studios, one and two bedroom apartments, and penthouses with the option of luxurious Jacuzzis spas, boasting fantastic sea views. Exclusivity and privacy have played an important role in planning Oasis Residence with access only permitted to residents and their guests via secure entrances.

Each apartment is stylishly designed and has all the conveniences of modern
living including under floor heating, a contemporary kitchen, fitted wardrobes and good sized terraces and balconies.

With low entry prices, attractive payment terms, fantastic capital growth and
Guaranteed 20% rental yields over 3 years, Oasis Residence offers an unique investment opportunity.

The Apartments

The integrated leisure facilities will ensure that Oasis Residence is the most modern apartment complex in Vama Veche and one of the best on the Romanian Black Sea coast. Only high quality materials will be used in the construction, with special care and attention given to the finish of the properties, both internally and externally.
.
Under floor heating in living areas, bedroom and bathrooms.
Well proportioned terraces and balconies
Contemporary kitchens
fully fitted bathrooms
Bedrooms with fully with fitted wardrobes
Penthouse apartments have BBQ’s and extensive terraces with provision
for a Jacuzzi Spa to enjoy the ultimate in outdoor living and the panoramic
sea views.
Air Conditioning (optional)

Oasis Features
Communal roof-top sun terrace with sea views
Two outdoor swimming pools for adults and children
Modern gymnasium
Landscaped gardens and green areas within the complex
Full Management and Rental service
Reception and Guest Services
Elevator with automatic doors
Underground parking with automated entrance gates
Fully decorated and finished communal areas

Construction
Solid reinforced concrete construction with thermal insulation
Acoustic insulation to floors
High quality double glazing with sealed glass units

A variety of unit layout and sizes are available arranged to optimize open aspects and sea views wherever possible.

The Investment

Rental Returns The background to the market and this particular location are important to understanding the potential rental yields. Vama Veche is an extremely popular holiday destination with Romanians, providing an already established domestic tourism base and huge potential for the international market. Visitors to the resort have increased by 20% in the last year alone with hotels enjoying full booking over the summer months, this has increased the demand for quality accommodation.

Expected rental returns forecast by the developer are around 10-12% of the purchase per annum based on current figures for the area. Such is the confidence in the existing and future demand an optional rental guarantee is in place. A superb 20% Net return over 3 years gives you the confidence to let your investment grow; to date this is the only guarantee of its kind on the Romanian Black Sea Coast.

Capital Growth Property prices in the Vama Veche area are expected to increase by between 20 and 30% over the next 12 months, mainly because of the improved infrastructures and planning laws, making it the perfect investment opportunity for investors and second-home buyers. The pre-release prices in themselves are at least 10% below market value. Prices will increase once the building licence has been issued and again when construction starts so further capital appreciation can be enjoyed by reserving at these early, pre-release prices.

Resale Vama Veche is a popular resort for Romanians from the larger cities such as Bucharest (Only 2.5 hrs drive) and Brasov to own a second home. At least a half of the sales within Oasis Residence are expected to be to the affluent domestic market.

Payment Plans & Dates Two payment plans are available to suit the individual investor, the first instalment is not required until signing of contracts in summer of 2008 and, if paying the balance on completion, the final instalment is due in 2010. An attractive build time ensures that you benefit from substantial capital growth with minimum outlay.

Reservation Deposit
A reservation fee of €3,570 secures your chosen property and removes it from the market. This reservation fee is fully refundable upon exchange of contracts.
Mortgages Subject to status, mortgages of up to 75% are now available via Volksbank.

Please contact us for your free investment guide.