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The “South Beach" summer holiday village is located in immediate proximity to the southern beach of the town of Tsarevo the “Nestinarka" Beach. It is situated some 50 m away from the seashore, on a parcel with a total area of 6267 sq.m, a built-up area of 2600 sq.m and a garden area of 3600 sq.m. The Cherna River, which forms a beautiful sea lagoon on the very coast, flows into the Black Sea some 100 m northwest of the summer holiday village. The many small and romantic Black Sea bays, the wooded hills of the Strandja Mountain and the quiet Cherna River coexist here in unique harmony. The visitors here will inevitably feel the gentle puff of breeze, the scent of the sea and the cool freshness of the mountain. These marvelous conditions make the region one of the most beautiful and preferred spots for recreation.

The location of the Complex offers easy and convenient access for own and public means of transportation and connection with the first class highway to the city of Istanbul. The entire area has excellently developed infrastructure. The town has well established traditions in tourism, dating back to the remote past. The town of Primorsko, where an airport serving the tourists traveling to Southeastern Bulgarian is to be built in 2006, is situated 14 km away from the town of Tsarevo.

The Complex consists of three buildings. Each of the buildings includes: a ground floor, five residential floors and an attic apartment floor. The buildings have been constructed in most original national style. They offer luxurious one-room and two-room apartments with an area of 50-85 sq.m. In accordance with the desires of the clients it is possible that the separate apartments be united or their structure modified. 85% of the apartments overlook the sea. High quality materials creating a sense of luxury and coziness have been used in the interior arrangement of the apartments.

The complex disposes of a large open-air swimming pool, a bar and a restaurant with 150 seats, completely furnished in national style. The ground floors of two of the buildings offer a total of 160 garage cells. The ground floor of the central building of the Complex has a SPA center, a hairdresser�s, a beauty parlor and shops.

I.Level of completeness.

General information about the building

Construction - armored concrete building

Roof - tiled, outside insulation - 4 cm ESP and silicate coating, inside insulation dry wall system

Balconies - grease tiles

Joinery - PVC joinery

Stairs: floor - grease tiles, walls and ceilings - latex painting, lighting fixtures, switches and wall-plugs

Elevators - with a hoisting capacity of 5 people

Swimming pool, SPA-center, Jacuzzi, Fitness center and shop � terracotta, grease tiles, faience

Inside doors - MDF, entrance doors - armored

About the apartments in general:

Inside fittings - cable TV, telephone, Internet connection Entrance hall: Floor grease tiles

Walls - latex painting,

Ceiling - latex painting

WC and bathrooms:

Floor - terracotta;

Walls - faience up to the ceiling;

Sanitary equipment - a monoblock lavatory pan, a built in cupboard with a wash-basin or a wash-basin with a board, a mixing tap or a bathtub, mirror;

Electrical water-heater;

Accessories - wall-stand, ring for towels, stand for toilet paper, toilet brush;

Lamps

Living-room/ bedroom:

Floor - laminated parquet;

Walls - latex painting;

Ceiling - latex painting;

Air-conditioner in each room;

Inside persiennes

Small kitchen:

Floor - terracotta;

Walls - latex painting;

Ceiling - latex painting;

Kitchen board and cupboards

Elevators - with a hoisting capacity of 5 people

Swimming pool, SPA-center, Jacuzzi, Fitness center and shop - terracotta, grease tiles, faience

Inside doors - MDF, entrance doors – armored

Level of completeness of the apartments - II.

Furnishing - in accordance with the application or by preferences of the client

II.Opportunities for using the attractions and services of the hotel complex:

Open-air swimming pool with children sections

The „Bulgarian National Cuisine“ Restaurant

Out-door bar

SPA-center, Jacuzzi, Fitness center

III.Possibilities for managing of the apartments by the investor

In accordance with an additionally signed agreement

The complex is completely finished.