Academica Building in Studentski Grad Neighbourhood

Special Price

Special offer for maisonette - A403:
• 3% discount on the price
• Extra bonus free basement (which is priced at € 1,500!)

Distribution: 2 bathrooms / toilets, open-plan kitchen, 2 bedrooms, total size 109.30 sq.m. (net area 94.85 square meters + common parts 14.45 square meters), with additional space - terrace with an area of 28.00 sq.m.

Technical features

The building has a modern architectural design and functional interior design of the apartments. The total area is distributed between one underground and five above the ground levels served by an elevator. The building will offer controlled access and parking.

• The apartments (1-, 2-bedroom, maisonette on two levels) are offered in the following stage of completion:
- Plastered walls and cement floors
- Heating Power Station

• Common parts
- Staircases and landings
- Lift

Return on Investment

We offer a specimen calculation of the income that a 2-bedroom apartment in the building has the potential to generate:

Initial investment:

Purchase price (average of the building): € 52,000
Notary fees: € 1,800
Finishing: € 7,000
Total Price: € 60,800

Yield:
Potential monthly rent: 350 €
Annual rental income: € 4,200
Estimated annual yield: 6.9%

The calculations are approximate and are made under market conditions at 02/2017.

In the aforementioned calculations we do not take into account these additional costs as well as potential changes in prices:
• Annual review of the property tax;
• Income tax from rental and other expenses charged to the owner;
• The potential increase in property value over time;
• The potential increase in rental price that can be achieved in the future.

Calculations are made on the assumption that the purchase is financed with own funds. If you use bank financing, it is important to calculate how the monthly payment of the loan is correlated to the monthly rental price. Contact us for more information and advice on housing loans.

Note: The information provided is fully informative and should not be considered a recommendation to purchase the property. The above calculations are approximate, do not constitute an offer for investment, BULGARIAN PROPERTIES holds no responsibility for their accuracy, as well as decisions taken on the basis of these calculations.

Payment

Reservation of an apartment
Each of the apartments in the building can be reserved immediately with a non-refundable deposit of 4000 EUR for one-bedroom apartment and 7000 EUR for two-bedroom apartment, payable with credit card or bank transfer. The deposit will be reserved for the period until the preliminary contract - within 14 days.

Payment
1. Deposit - 4000 Euro for one-bedroom apartment and 7000 Euro for two-bedroom apartment
2. 25% (minus the deposit) - upon signing the preliminary contract
3. 20% - elevation
4. 20% - Act 14
5. 20% - Act 15
6. 15% - Act 16 (Certificate for permission for usage)