The whole development will offer 54 three-storey units Courtesy of Zdrojowa Invest

Developer Zdrojowa Invest has launched construction on a new residential resort project located 10 km east of the city of Kołobrzeg, in the Zachodniopomorskie voivodship.

Called Boulevard Ustronie Morskie, and valued at zł.22 million, the development will overlook the Baltic coast. It is expected to be completed in autumn 2013 and be ready for tenants in the spring of the following year.

In total the development will offer 54 three-storey luxury apartment units located on a 350-meter cliff-side stretch of coastline. Two passageways will connect the site to the beach.

The residences will provide tenants with views of the sea, with all units due to be fitted with their own balconies and top-level apartments with their own terraces. Owners will also be given the option of having a jacuzzi installed and having their units fully furnished. The site will feature 20 retail service centers.

Renata Sobczyńska, communications director for the developer, said that “buyers have the option to purchase these properties for their own use or sign an agreement with us to rent out their units which we would then manage for them. The latter option is one which the majority of buyers are choosing.”

She added that, “for the first two years, we guarantee a rate of return of 6.5 percent and then afterwards a share in revenues.”

Zdrojowa Invest’s plans for 2015 include “five additional investments, in the mountains, by the sea and in the Masurian Lake District which will amount to zł.420 million,” Jan Wróblewski, a member of the board at Zdrojowa Invest, said in a statement.