Dear Owners,
We want to thank all owners who have completed our survey regarding direct connection.
We are pleased to see a strong response, especially from owners with whom we’ve never had contact before and equally from owners in Sunset Family. We strongly encourage all owners to participate. This is not about taking sides as some are trying to imply. This is about doing the best for our investments. Both groups are aligned in their support for direct connection.
It is important for us to gather a complete picture of how many owners are interested in direct connection, as this will determine the overall costs and is needed for the Utility Companies.
This is a survey so that we can get things moving ASAP. Owners are not obligated to pursue direct connection if they subsequently change their mind. As the name suggests, it is a simple survey. It is not a legal obligation. It is simply to measure the level of support and to enable us to apportion costs per apartment IF we go ahead with direct connection. Owners need to play their part.
We have received several questions from owners, so we hope to address them here:
1. What will be the cost of the plans?
Until we have final numbers, we expect the cost of the plans to be roughly €190 per apartment, based on 550 apartments signing up. If more owners decide to join, the cost will decrease accordingly. SRIOC will propose that those who pay will have their contribution offset against their sinking fund obligations going forward.
2. What will be the cost of the new infrastructure once the plans are approved?
The total cost for the infrastructure will not exceed €1,500 per apartment, which will include the cost of the plans.
3. What are the utility costs from the companies?
All prices are listed in Bulgarian Lev. These costs are significantly lower than the communal daily fees you have been charged so far.
Electricity prices with EVN
Daily rate – BGN 0.25751 (with VAT) / kWh.
Nightly rate – BGN 0.14788 (with VAT) / kWh.
Water prices from Vik the water company
Water 5 BGN per cubic metre.
It is essential that you support our survey so that
we can make progress. If anyone is trying to dissuade you from
completing this survey, ask yourself: Why? Completing it is not only
advantageous for your investment but also empowers you
to take control of your property rights (as per our Newsletter on
Saturday, 16th November).
Read below for the previous newsletter with details about the survey questions.
Dear Owners.
This is one of the most important emails you will receive regarding your investment, and we highly recommend that you read it and take action before November 22nd.
Regardless of your group affiliation, or whether you do not support any group at all, it is essential that you respond to this survey.
We are at a crucial point concerning our potential direct connections to utilities. The service providers have asked us to confirm the number of owners who wish to be independently connected to utilities.
The survey consists of 2 simple YES or NO questions:
1. Do you want to be connected as an independent customer to electricity through EVN? YES or NO?
2. Do you want to be connected as an independent customer to water through VIK? YES or NO?
Why This Matters
Benefits of Independent Utility Connections:
1.Autonomy: Exactly as you do at home, you will be responsible for managing your property’s utilities. No one will be able to blackmail you or use your utilities as a weapon against you.
2. Freedom: You can use your apartment 365 days a year without any interference from anyone else.
3. Transparency: You will only be responsible for your own bills and will not be covering other people’s costs, i.e. restaurants, bars or spas, as has happened in the past due to all the properties being connected to 2 transformers.
4. Cost Efficiency: There will be no need for daily charges to cover utilities which were charged way above the national average – as much as 25lev per day for 3-bedroomed apartments.
5. Security: You will be able to ensure your property has not been used without your knowledge or consent. This has often happened in the past. Your bill will highlight any such abuse.
5. Maintenance: If you choose, you can arrange to heat your apartment during the bitter winter months to prevent your floor tiles from lifting and cracking. This has also often happened in the past.
6. Value Addition: Your investment will have the potential to increase significantly. Below, you will find information about a new development being built next to ETA, where asking prices for apartments range from €2,650 per sqm to €5,000 per sqm.
See link to apartments and prices:
https://srioc.com/wp-content/uploads/2024/11/2d361675c88d1b91e86932396a5d505b.pdf
Website for Florence beach resort
The key difference between our properties and those next door is that we do not have control over our utilities.
Ask yourself this question: would you prefer to buy an apartment where you have control over your utilities or one where someone else can shut off your utilities at any time? The choice is yours, and no one else can make this decision for you.
Consider this also – very shortly after Sunset was constructed, ALL NEW DEVELOPMENTS HAD TO BE BUILT WITH DIRECT CONNECTION. That should tell you something!!!!
Please note, Sunset Family (Phase 2) are included in this survey. We are all in this together. If any building falls short of the required numbers, then the other buildings will push on and that building will be left behind. It’s up to the owners to decide.
Action Required:
Please use the link below to let your voice be heard – don’t let a spokesperson speak for you.
If you do not vote, you will be marked as a “NO” and will not be placed on the list for direct connection.
Click the link below to complete the survey by voting YES. Non-responses will be recorded as “NO.”
Thank you for taking time to read this very important message.
Owners must unite to achieve success.
As fellow owners, we are all dedicated to maximizing the potential of the resort. Establishing direct communication is not just important; it’s essential. Together, we will determine our path forward and succeed as a community of fellow owners.
SRIOC
Owners working for owners – Owners fighting for owners.