|
 This property has been purchased at a total cost of £5,250 including all legal costs, plus the cost of setting up a Bulgarian holding company.( a legal requirement for overseas purchasers). As a result of this work, the property is now available for re-sale as a complete "ready to go" package. A purchaser only needs to take over the shareholding of the Uk company (which owns the Bulgarian company) and they own the property "hassel free". We anticipate selling this property for in excess of £6,500 within the next eighteen months or less. This should show shareholders in this property a 20% profit.
This property is one of the cheapest on the Ftsie property stock market, and represents great value for money. The Bulgarian property market is expected to increase by 15% in 2007, with rural areas expected to perform even better.
 As this property has no income, shareholders in it will have to cover the holding costs, while it sells (insurance, local taxes etc) This has been estimated at a figure of £2.00 per share for the period of 18 months.Full accountability will be provided when the property sells, and if the amount is less than £2.00 per share the difference will be refunded
| 
This is a very cheap pretty villa in need of minor refurbishment, in the delightful village of Kovachitsa, 10km from Lom in Bulgaria. Kovachitsa, is 4 km from the Danube river, and is a small village with 8 shops and 2 restaurants.The villa stands in grounds of 900 sq mt. The grounds also contain a further small farm building for refurbishment. The house needs basic renovation.
