Obelisk Launches Latest Project, Kavarna Bay Resort in Bulgaria

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Kavarna Bay Resort, located on Bulgaria's Black Sea Coast, offers the property investor an amazing opportunity to own apartments within this exclusive resort, whilst providing major return on investment.

Award winning and internationally renowned architect, Atanas Panov has created a unique, innovative and exclusive design for Kavarna's new state of the art development. This fully licensed project will provide the property investor with high rental yields and excellent resale potential, which comes exclusively to Obelisk clients. Obelisk has negotiated a favourable pricing structure for their clients, with the Kavarna Bay Resort offered at an outstanding 26% below market value giving the investor an immediate return on investment.

The strategic location of Kavarna Bay Resort is just one of the highly attractive features of this luxury seafront complex. Every unit has a sea view, presenting a very advantageous selling point to the holiday rental market. The development also has the huge additional benefit that this frontline property development will have no other buildings blocking the fantastic south facing, all-day-sun views of the bay.

Kavarna Bay Resort benefits greatly from the close proximity to Varna, home to Bulgaria's second largest airport. Only 30 minutes from Kavarna Bay Resort, Varna International Airport boasts connections to over 101 destinations across 35 countries. A €250 million investment to expand the airports facilities in order to accommodate the increasing passenger numbers was recently secured. The huge investment potential of the region has been illustrated by the substantial influx of both municipal and private funds, and as such the areas overall infrastructure has been greatly improved.

Outstanding facilities are offered at the Kavarna Bay Resort including nine outdoor swimming pools with large sun decks and a heated indoor pool, overlooking the Bay of Kavarna. Every unit from studio to three-bedroom apartments will have its own designated parking space, and 2,800 square meters have been allocated to commercial buildings, which will include a property management service.

Other sporting facilities at the Kavarna Bay Resort will include a diving centre, fitness centre and health spa, and games room. The resort will neighbour a modern marina with yacht club, approved for construction, and will also have direct access to the pay per play, Gary Player designed PGA golf course, due to complete in mid 2008. Two other PGA golf courses are currently under construction, both within 10 minutes to the Kavarna Bay Resort, along with a UEFA mini football ground and a €15 million FIA approved Formula 1 racetrack. The Kavarna Bay Resort is also only 12 kilometres from the picturesque Kaliakra cape, a beautifully preserved National Park.

For more information on the Kavarna Bay Resort and other global investment opportunities, and to find out about Obelisk International's latest projects, contact: Obelisk International on 0808 1600670 or email info(at)obeliskinternational.com
Or visit our website: http://www.obeliskinternational.com/

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Andrea Elliott
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