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The Waterfront, Mamaia, Black Sea Coast, Romania

Property Description

A prestigious and tasteful waterside development.

Three blocks within a gated and secure complex.

	Swimming pool
	Attached restaurant
	Marina.

All apartments have balconies and direct views of the lake or sea.

Some select apartments have both.

All apartments have their own parking bays.

We have exclusive availability of 27 apartments.

Scheduled for completion 31st December 2008.:

	4 Studio apartments; approx. area 30m².
	11 one bedroomed apartments: approx. area 56m².
	12 two bedroomed apartments: approx. areas ranging from 84-100m².

(Balconies and communal areas are additional.)

The current price, as of October 2007, is €1,000m² plus VAT.

This price is subject to increase in the near future.

Terms

	10% discount for full, immediate payment.
	6% discount for a 50% deposit, balance at completion date.

Our research of the market indicates that these apartments are currently being offered at minimum 22% below market value at this time. This margin will clearly widen until the next price increase.

In any event, by completion we anticipate that the margin will have increased by a further 15%.

This is a very popular investment area for the Romanian buyer hence rental projections are healthy.

Anticipated best action: sell within first year following completion of works.

The Waterfront, Mamaia is in that part of Romania known as Dobrogea, on the shores of Lake Siutghiol. It enjoys both lake views and views of the Black Sea beaches and is only 10 minutes drive from downtown Constanta.

Constanta has a thriving cultural scene and is two minutes from Mamaia - arguably the most sought-after tourist hotspot on the Black Sea coast.

This coastal development is a 15 minute drive to the International Airport of Mihail Kogalniceanu. Daily flights to Constanta are available to most European capitals and the Airport is served by 12 international airlines.

This represents a high specification gated secure development with excellent investment potential.

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We cover these areas:

Mamaia, Constanta, Agigea, 23 August, Tulcea, Techirghiol, Eforie Nord, Eforie Sud, Costinesti, Olimp, Jupiter, Saturn, Neptun, Mangalia, Limanu, 2 Mai, Vama Veche.

This link will take you to a map of Romania.

In producing the details contained on this website all reasonable skill and care has been used to ensure that the information contained is accurate. The client(s) acknowledges however that the information may be based on an assessment and/or interpretation by Romanian Waterfront Properties or an officer or employee and the client(s) should therefore make their own enquiries.

The client(s) acknowledges that the value of property can increase or decrease. No representation or guarantee is given by Romanian Waterfront Properties that statements, views, projections or forecasts contained in this website or any printed materials are specific to any particular property. The information contained on this website, or otherwise provided to the client(s) merely represents a general picture of the property market in the territory identified and client(s) must determine for themselves what reliance they should place on such information. The client(s) also acknowledges that tax and other legislation may change.

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