Property Lettings and Management Services from SimpliBulgaria

It is critically important the village becomes the idyllic vision that was promised.  As part of this process we need to ensure that the properties work both as rural havens and as lucrative investments. As well as our continuing involvement in the project we feel there are other key reasons as to why we can achieve the rental figures illustrated.

  

There is only a small supply of these types of property and village both within Bulgaria and the World. For this type of experience not a lot of competition exists hence the growing demand should ensure a good occupancy rate. The fastest growing area in the tourism market is eco/rural tourism.
  

The mix of properties in the village is such that we are not providing too many of one variety. Again this restricts supply and hence can contribute to rental return.
  

The properties and village will be finished to a very high standard and along with the concept ensure we can charge the maximum rent achievable. We will be marketing the rental on value not price.
  

We will be marketing the villages directly to niche organisations that would be interested in such a concept. Eg. To fishing / rambling / holistic societies.
  

We have assumed a monthly spend of approx €10,000 to market the village within the UK.
  

We will achieve significant free promotion as many UK newspapers want to do articles regarding this concept of tourism and rural retreats. This will further promote the letting of the properties.
  

The villages will be tourist destinations in their own right. As such we will be attracting tourists to the villages who will be able to let the properties in future. Tourists will be attracted by the craft centres, swimming lake, restaurant, cafes, SPA centre etc. We will have a sales and letting office in each village that will be position to cleverly maximise its exposure to potentials tenants.

We have already reserved over 150 bespoke websites that will be used to promote the village. Each website will focus on a particular niche market and hence attract maximum coverage and exposure.

Unlike developments aimed at purely one season these villages will marketed to all seasons. The villages are not weather dependent and hence the maximum number of weeks a property could be let for is 52. Obviously we have assumed much lower figures. Many developers on the coast have contracts directly with package holiday companies to guarantee rentals returns. These work very much in favour of the companies who take the lions share of the rent and return a poor investment to the owner. Alternatively they may offer guaranteed rent (far in excess of what they receive) which in reality is a return of purchase price (on an over priced property).

We will pick clients up from the airport in a fleet of new branded buses. This will add to the uniqueness and of the concept and ensure that their holiday is stress free. Driving in Bulgaria can be a bit of a challenge.

We will be hosting festivals within the village focusing on Bulgarian culture (food, dance, wine etc). We shall also aim to host alternative sports festivals which again would increase the occupancy rate.

Where available the villages / properties will contain full access to web, email and work networks. This will allow holiday makers to work and play thus ensuring a longer term let.

A rental yield of approx 8% will be achievable and if a mortgage is being used at 70% LTV then a return on capital of nearly 40% should be achieved.

We must point out that these figures will not occur in year 1. It is vital that the village is completed and slightly matured and then letting commences. The last thing we want to do is give anybody a disappointing holiday experience (they would not come back in future) and hence no letting will commence until the entire village is completed.

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