Vitosha View - a modern residential complex near "Cherni Vrah" Blvd.

BULGARIA / REGION SOFIA / TOWN SOFIA / DISTRICT KRUSTOVA VADA / VITOSHA VIEW / VITOSHA VIEW / BLVD. CHERNI VRAH On the map
Prices   Price list
from  66 504 until 274 543
from 769€/sq.m until 1 450€/sq.m
Type:
Apartments (various types), Studios, 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments

Unit sizes:
63.64 sq.m 189.34 sq.m

Number of floors:
7

Bedrooms:
1

Property units in the building / development:
166

Sold:
119

Reserved:
12

Available:
35

Reference number:
Sfa Vitosha View - 44962

Condition
excellent

Furnishing
Unfurnished

Type of construction
Brick-built

Windows
UPVC window frames

Distance
5km 2km 8km 1km

Distance from the property to major attractions
  • Mountain lift: 2km
  • Town center: 5km
  • Airport : 8km
  • Grocery shop: 500 m
  • Stop of the public transport: 500 m
  • Railway station: 10km
  • Hospital: 1km
  • School: 1km
Construction
  • Brick-built

Start of the Preliminary Sales! Special Prices!

Vitosha View this is the first phase of the gated complex at the foothills of Vitosha Mountain. It offers classic urban environment, combined with home atmosphere and the greenery of a beautiful garden. Vitosha View gated complex enjoys an attractive location, set amidst the Vitosha Mountain and the central part of Sofia.

The first stage of construction includes the construction of two buildings sharing a common courtyard and an underground parking zone. Starting from the ground level of the two blocks are revealed panoramic mountain views, and from the third floor of the buildings is to be enjoyed a 360-degree panoramic view towards Sofia city, Vitosha and Stara Planina Mountains.

With a possible density of 60%, the built-up area of the buildings will be less than 50%. The purpose is to keep maximum space for landscaping, including a children's playground area, relaxation area with benches and a barbecue area.

The second stage of construction includes the implementation of another two buildings sharing a common courtyard. All apartments in Building 3 will come with bright height of 2.65 m (construction height of 2.85 m), cellar and a parking lot. The allowed density of construction in Building 3 is 50%, yet only 35% of the plot will be constructed to secure maximum greenery. Please, find the Prices and availability of Building 3.
NB! In Building 3 we are offering an option for combination of several apartment units. The possible variants are presented on the architectural plans that can be downloaded from the link "Plans" under the images - "Download Plans 3".

The complex is located on a quiet street, with direct access to "Cherni Vrah" Blvd. at the very end of Krastova Vada District, within walking distance from the food store "Fantastico" in Dragalevtsi District. It is placed just a few hundred meters below the Ring Road of the capital and is less than 100 meters from the future metro station and the bus stop for bus lines 64, 66, 93, 98 and 122. In close proximity are to be found several modern sport complexes with tennis and football fields, etc. A few minutes drive away is situated the first station of the Dragalevtsi chairlift that leads to the main Vitosha ski area.

The area is characterized as calm and quiet, with an excellent reputation and infrastructure. It is preferred by young professionals and families who are in search of a better lifestyle. There are a variety of shops, cafes, restaurants. Fast connection to the Business Park and Mladost 4, as well as the shopping center Ring Mall and furniture shop IKEAis done through the ring road.

Call us now for a viewing trip!


Why buy an apartment in the building
Location in a quiet area, near "Cherni Vrah" Blvd. and with direct access to it.
Pleasant architecture and functional interior design of the apartments.
Luxury building, constructed with high quality materials.
Investor with an excellent reputation.

The Investor
Vitosha View is the result of 12 years of experience in the real estate business of the founders of Bulgarian Properties and LUX IMOTI, the portfolio of which includes more than 1500 completed and sold apartments and houses throughout the country. The project is implemented by one of the most successful architectural studios in Bulgaria, enjoying a well-deserved international recognition - Genig.

The total number of the successful projects of the partners in Vitosha View exceeds 4000 properties nationwide. The result of this partnership is a project to be characterized by modern European architecture, an epitome of style, precision and ergonomics. The elegant forms of the facade will be highlighted with stylish finishes, adding a sense of luxury and comfort in the life of the modern family.

Funding
The project will be co-funded by Unicredit Bulbank. The bank will provide our clients special conditions for financing the purchase of the apartments in the complex.

Location

This is the approximate location of the property. Please get in contact with us to learn its exact location.

Video

Brochure

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Digital brochure
(PDF 5.3 MB)

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Floor plans

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Architectural floor plans and layouts
(PDF 12.11 MB)

 Download plan  1

Architectural floor plans and layouts
(PDF 21.08 MB)

 Download plan  2

Architectural floor plans and layouts
(PDF 4.56 MB)

 Download plan  3

Architectural floor plans and layouts
(PDF 5.06 MB)

 Download plan  4

Price list

Price list of the available apartments
(Table)

Price list

Special Price

The special prices with additional discount for 1-bedroom and for 2-bedroom apartments is valid until 30th November 2015.

Management and maintenance

The owners will have to cover the additional monthly costs for the maintenance of the yard and the entrance. These maintenance costs will be determined at a meeting of the condominium.

Furniture

All apartments in the building are offered for sale unfurnished. Suitable options for furnishing are provided by the investor.

Our partners Furnish.BG also can offer quality furniture at affordable prices, depending on the clients taste. The company can designed quality furniture packages for the different types of apartments that include everything that one might need for living and for renting. The basic packages include standard furniture made of laminated chipboard. There are also packages with optimized cost, achieved through clear vision of the furniture and the lack of extras and accessories, but without compromising with the quality of the materials used.

The prices of the "Standard Equipment" package vary according to the type and size of the apartment. The furniture package includes the necessary furniture and equipment, without the small household items that anyone can easily buy according to ones own taste.

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Technical features

Quality performance of the building is guaranteed by the long experience in construction, the control system of quality and the use of advanced technologies and materials from world famous manufacturers.

High quality bricks Wienerberger
Innovative six-chamber window joinery Kommerling from "Kristian Neiko" for maximum daylight absorption with French style windows. The Japanese glass packages of AGC - I + Advanced (Top 1.0) with casings GU / Mako.
Armored front doors from "Solid-55"
Maximum energy efficiency in the building and XPS roof insulation
Waterproofing of the terraces and natural flooring Clinker
Common areas with fully natural stone floors and metal railings according to the project
Telephone, intercom, doorbell systems, wiring for Internet and security system
Special niches for the air conditioners with pre-built pipe ways
Heating on gas
High end lifts OTIS
High ceilings - 3.05 constructive level, bright height of about 2.86 meters.

Architecture

With a possible density of 60%, the built-up area of the buildings will be less than 50%. The purpose is to keep maximum space for landscaping, including a children's playground area, relaxation area with benches and a barbecue area.

The first stage of construction includes the construction of two buildings sharing a common courtyard and an underground parking zone. Some of the ground floor apartments have panoramic mountain view; other third floor apartmeents enjoy a view to Vitosha Mountain, Sofia and Stara Planina. The penthouses on the top floors of the two buildings have panoramic views in almost all directions. The apartment scome with high ceilings on each floor from the first to the one below the last floor (namely 3.05 meters according to construction and 2.86 meters of light area), while the penthouse apartments on the last floor come with ceilings of up to 4.51 m height.

Prices are calculated based on 16% common parts and making area formation may change with 1-2%.

The second stage of construction includes the construction of another two buildings, also sharing a common courtyard. The first and second apartments of each floor come with the option to be combined in a larger apartment unit with pure living area of 121.98 sq.m and 136.62 sq.m. of total living area including the common parts. All apartments in Building 3 will come with bright height of 2.65 m (construction height of 2.85 m), cellar and a parking lot.

The allowed density of construction in Building 3 is 50%, yet only 35% of the plot will be constructed to secure maximum grenery.

District

The complex is located on a quiet street, with direct access to "Cherni Vrah" Blvd. at the very end of Krastova Vada District, within walking distance from the food store "Fantastico" in Dragalevtsi District. It is placed just a few hundred meters below the Ring Road of the capital and is less than 100 meters from the future metro station and the bus stop for bus lines 64, 66, 93, 98 and 122. In close proximity are to be found several modern sport complexes with tennis and football fields, etc. A few minutes drive away is situated the first station of the Dragalevtsi chairlift that leads to the main Vitosha ski area.

The area is characterized as calm and quiet, with an excellent reputation and infrastructure. It is preferred by young professionals and families who are in search of a better lifestyle. There are a variety of shops, cafes, restaurants. Fast connection to the Business Park and Mladost 4, as well as the shopping center "Ring Mall" and furniture shop "IKEA" is done through the ring road.

Skiing in Vitosha Mountain

Ski sports in Vitosha mountain - this is the absolute price hit for the upcoming winter in Europe, according to the site of the most popular German newspaper "Bild". The publication refers to data given by the leading tourist search engine HomeToGo.

The authors state that they have calculated the daily cost of accommodation in holiday villas and guest houses (up to 4 people) and the daily ski pass in the month of February. The data refers to leading resorts in different countries.

Most of the ski slopes in the mountain above Sofia are beginner-friendly, but there are some more difficult ones as well. The skiers have to set aside 18 euros for a daily card, the newspaper notes. With a total of 69 per day (including accommodation), this is the Europe's best budget resort.

Among the most attractive 10 resorts in the list are Bansko (4th place) and Pamporovo (6th place).

Vitosha mountain will become more and more popular for ski tourism as this will lead to the rise in the demand for properties in Sofia neighborhoods set near the mountain, such as Vitosha View - only 2 km from the lift station!

Urban and holiday home in one!

Investor Update

Vitosha View Complex with Main Contractor

In connection with the approaching start of construction, we want to inform all clients that a contract was signed with "Argogroup Exact" company as main contractor of the complex Vitosha View.


Vitosha View Complex with record sales of new build apartments

Vitosha View complex has provoked huge interest by the investors. Only for a month at the end of last year 80% of the apartments in the first two blocks of the complex were reserved, while the two-bedroom apartments were completely sold.

In the first days of this year all apartment sin the first building were sold out, including the two penthouses on the seventh floor with high ceilings up to 4.3 m, large terraces and spectacular views towards Vitosha Mountain.

As a result, the investors accelerated the introduction of the third building in the complex, which provides a choice of 35 new apartments with 1, 2 and 3 bedrooms.

The contracts for the sale of apartments in the complex signed until now exceed 3.6 million Euros and the interest expressed by the potential buyers exceeds the currently available residential homes.

"This is an outstanding result, which sets a record in the sales of newly constructed apartments. For the first time since 2007 we have an example of a building that is completely sold off-plan," says Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES.

"It seems that Vitosha View complex will become one of the landmark complexes in the Bulgarian capital. It has provoked not only the local interest but also the interest of the international investors. The overall feeling we have is that the buyers have been waiting for precisely such a project to come on the market. Our expectations are to sell the available apartments in buildings 2 and 3 before the beginning of the construction works", says Stoykova.

The largest number of inquiries is for the two-bedroom apartments but the ones that mostly bought are one-bedroom flats which are preferred as an investment. Among the buyers are residents of Sofia city and people who live outside the capital. The foreign interest comes from both foreigners and Bulgarians living abroad, according to the data of BULGARIAN PROPERTIES.

The main advantages of the project are:
Reasonable prices starting from 725 EUR /sq.m., where the price of the one-bedroom apartments start at 41 878 EUR;
Excellent location - at the foot of Vitosha mountain with convenient access to the downtown area, near a shopping center, supermarkets, future metro station "Dragalevtsi" and other amenities;
Functional distribution and optimal usage of the interior space for comfortable living;
Modern architecture and luxury construction with high quality materials;
Excellent investment in a preferred residential area;
Construction company with extensive experience and excellent reputation.

Rental income

Here are exemplary calculations about the income that 1-bedroom property in the complex has the potential to generate:

Initial Investment:
Purchase Price (average value for the complex): 55,000
Commission: 1,650
Notary fees and stamp duty: 1,900
Finishing works: 6,000
Total Price: 64,550

Rental income and return on investment:
Potential Rental Income (Monthly): 350
Potential Rental Income (Annual): 4,200
Expected return (Annual): 6,5%

Here are exemplary calculations about the income that 2-bedroom property in the complex has the potential to generate:

Initial Investment:
Purchase Price (average value for the complex): 92,000
Commission: 2,760
Notary fees and stamp duty: 2,900
Finishing works: 10,000
Total Price: 107,660

Rental income and return on investment:
Potential Rental Income (Monthly): 500
Potential Rental Income (Annual): 6,000
Expected return (Annual): 5,5%

The calculations are indicative and have been prepared using market data as of 11/2015.

In these calculations the following costs and potential price changes have not been included:
Property Tax;
Rental Income Tax and Other Costs for the Owner;
Potential Capital Gain;
Future Increase of Rental Price.

Note: the data in this material is presented for information purposes only and should not be considered as a recommendation for buying the property. These calculations are indicative, do not represent an investment offer and BULGARIAN PROPERTIES cannot be held responsible for their accuracy and loss or damage as a result of decisions made based on the presented information

Awards

The award "Best New Development Project" for 2015, part of the annual Bulgarian Properties awards, went to Vitosha View project, located in the city of Sofia. The award was handed in to the investors on an elegant ceremony at a prestigious Sofia club.

Vitosha View project attracted a huge interest by property buyers and investors and broke all sales records as 80% of the first 2 blocks were sold for less than a month.

See the award here "Best New Development Project" for 2015.

In 2016, Vitosha View received a recognition for Best Selling project by BULGARIAN PROPERTIES. There was a great interest to the complex throughout the year and we managed to conclude the highest number of deals.

Plan of construction

The groundbreaking of the building was on 23.01.2017. The construction is going to take 12 months after the start of each of the buildings. The first one is expected to be finished in the beginning of 2018 and the others will be completed shortly after that.

Payment

Reservation
Each of the apartments in the building can be booked with a non-refundable deposit of 4000 Euro deposit for a 1-bed apartment or 7000 Euro for 2-bed apartment, payable by credit card or by bank transfer. Upon paying the deposit the apartment will be reserved for the period up to the signing of the preliminary contract - within 14 days.
No agency commission is charged.

Standard Plan:
4000 Euro deposit for a 1-bed apartment or 7000 Euro for 2-bed apartment
25 % first installment (minus the deposit) at the start of the construction in the fall of 2016
20 % second installment upon reaching roof
20% third installment upon Act 14
20% fourth installment upon Act 15
15% fifth installment upon Act 16 (Permission for usage)

Upon bank financing (with or without the assistance from the investor):
4000 Euro deposit for a 1-bed apartment or 7000 Euro for 2-bed apartment
25 % first installment (minus the deposit) at the start of the construction in the fall of 2016 and signed approval for financing from Unicredit Bulbank (or another bank)
The remaining sum is provided by the bank

With 2% discount:
4000 Euro deposit for a 1-bed apartment or 7000 Euro for 2-bed apartment
90 % first installment (minus the deposit) at the start of the construction in the fall of 2016
10% second installment upon Act 16 (Permission for usage)

Individual Payment Plan
Upon negotiation between the two parties.

Important! Possibility for an individual payment plan offered by the client.

Contact

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Floor plans

You will need an application for reading the files in .pdf format. In case you do not have that application, you can download it from here Acrobat Reader.

Architectural floor plans and layouts
(PDF 12.11 MB)

 Download plan  1

Architectural floor plans and layouts
(PDF 21.08 MB)

 Download plan  2

Architectural floor plans and layouts
(PDF 4.56 MB)

 Download plan  3

Architectural floor plans and layouts
(PDF 5.06 MB)

 Download plan  4