Off-plan Development on the Black Sea Coast, Romania

Sea View: Exclusive Development


+ Very high capital gain growth expected: 25% p.a. for the next 3 years
+ Booming local demand for seaside properties
+ First line on the sea, spectacular views across the sea & beach
+ Full management. Up to 10% rental yield p.a. expected on completion!
+ Building permit obtained end November 2007


More details on the Sea View, Black Sea Coast property.

Cronos, Olimp

Cronos Development
Overview of the Cronos Development

Olimp: the most elegant Black Sea resorts

Black Sea Coast - RomaniaBlack Sea Coast - RomaniaBlack Sea Coast - Romania
Black Sea Coast - RomaniaBlack Sea Coast - Romania

Olimp, situated on the Black Sea coast, currently offers one of the best return on investment in Romania for the following reasons:
+ It is one of the most elegant Black Sea resorts, having new and very modern pyramid hotels lying on the beach, restaurants, fast foods, swimming-pools, night-bars and clubs (discos).
+ There are other attractions to enjoy while taking a break from the sun on the beach. Constanta offers several places to visit in addition to the Roman ruins. A boat trip to the Danube Delta, Europe's largest wild life reserve, is an experience that should not be missed.

The Builder

The builder develops buildings with exceptional architecture in very sought locations within Romania.

Their main objective is to focus on a world class project management which results in properties 100% in line with the original plans.

The Buildings

This project currently under construction will be ready for the summer of 2008.
There will be a complex with apartments and a shopping area, fun and relax area and it will be only 100 meters away from the superb sandy beach of Olimp.
The surfaces of the apartments range from 59 sqm up to 91 sqm.
You will get a key in hand" smart apartment with high quality finishings.
We can rent out the apartment for you the rest of the time.
The Cronos building will include telephone and internet connections, cable TV, pool, security and parking lot, restaurant and administration of the building.
Awesome sea view!

The project is made up of a 10th floors building, each of these offering 8 apartments of 2 rooms.
The surfaces cover useful areas between 59 sqm and 91 sqm.
The ground floor and the mezzanine will offer to the residents few spaces of spending spare time, such as spa centre, coffee house, souvenirs shop.
The building has 2 elevators, the main one for the residents and the second one for technical/bulding maintenance purposes.

Sketches of the apartments
Sketches of the apartments

Hydroisolated roof;
Outer decorative plastering;
External thermoisolation system;
Inner plastering;
Precast masonry encasing;
Entrance steel door security class;
Inner wooden doors, in complete units;
Polyvinyl chloride (PVC) joinery, equiped with low emission thermoisolated window (German-built).
All apartments will be finished with good quality materials.

The living-rooms, the bedrooms, the kitchens, the bathrooms and the halls will be floored with gritstone and painted;
The kitchens (opened to living area; fittedout from structural viewpoint with ventilation recesses) and the bathrooms will have painted walls and pottery;
The bathrooms will be endowed with: wash basin, mirror, toilet, bath, including the taps.

Each apartment:
- Will be endowed with an electric boiler;
- Will be completed the water, the conditioned air and the electric wiring;
- Will be done the telephone and Internet connections;
- Entrance steel door security class;
- Outer thermo and hydro-isolated walls;
- Sandstone floored open terraces.

At the owners request, each apartment can be finished as follows:
Optional Endowments Price / room (Euro, excluding VAT)
1. Year round air conditioning system / room. 700 euros
2. Bathrooms furniture + endowment: bidet, case, towels and toilet papers supports. 500 euros
3. Kitchens furniture + endowment: basic body, with a worktop of 2 m broad and cupboard, sink with tap, twoplace electric cooker, hood, fridge and microwave. 1.900 euros
4. Bedroom furniture: a kingsized bed, a mattress, 2 bedside tables, bedclothes (1 bedspread, 2 pillows, 2 blankets), wardrobe, 2 armchairs, a coffee table, a dressing table with mirror and chair, a peg. 2.300 euros
5. Living furniture: 3 places sofa + 1 armchair, a coffee table, a chest of drawers. 1.800 euros
6. Carpets, curtains, hangings. 800 euros
The project is expected to be completed during the summer of 2008.

The management of the building is handled by the developer and it includes:

24h/24h guard;
Garden / green area and swimming pools servicing;
Common spaces maintenance;
Maintenance of the electric equipments (elevator);
Reception and administrations services;
Collecting of the rubbish;

Monthly amount in euros (excluding VAT) per apartment:
Surface Period / Value
January April / October December: 60 sqm 5 sqm / 15 euros
May September: 100
January April / October December: 90 sqm 5 sqm / 20 euros
May September 120 / euros

Note: The lift maintenance charge is paid annually (50 / apartment).

Payment Schedule
The Payment Plan of the apartments is as follows:
1- 25% in exchange;
2- 45% on the structures completion;
3- 30% on the final completion of the property.

Prices from 70,200 Eur


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Investment Level
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Reason to buy
Short Term Investment (2 - 5 Years)
Long Term Investment (> 6 Years)
Land for Speculative Development
Holiday home
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