GUARANTEED
INCOME

Casa Bulgaria

BULGARIA / REGION SOFIA / TOWN SOFIA / DISTRICT MANASTIRSKI LIVADI / MALL BULGARIA   On the map
Price  
52 458
729 €/sq.m
Type:
Apartments (various types)

Unit sizes:
72 sq.m

Bedrooms:
1-2

Bathrooms:
1

Reference number:
Casa Bulgaria
Info pack

Condition
excellent

Furnishing
Unfurnished

Distance
8km

Distance from the property to major attractions
  • Airport Sofia (SOF): 8km


GUARANTEED RENTAL (click here)
Casa Bulgaria: limited-edition apartments within a major growth location with easy access to the city centre and Vitosha Mountain

Exclusively marketed by LUXIMMO

Construction Update Page

LUXIMMO are once again marketing a great investment opportunity. The outstanding development Casa Bulgaria is situated on Bulgaria Boulevard just after the crossroad with Todor Kableshkov Blvd., already a major growth location on the main road to Vitosha Mountain and yet only 10 min drive from the very centre of Sofia. With European Union acceptance just around the corner, and the new international airport scheduled to open in September, the Casa Bulgaria limited-edition apartments become an offer you simply cant refuse. Part of the hottest and most developed business area of Sofia, the new development will be surrounded by modern and luxurious residential and office buildings, top-class hotels and various shops and major stores. A preferred place for living, the region also offers clean air, numerous new buildings, schools, policlinics. On the other side of the boulevard is the hyper market Billa, while the elite Boyana District and Vitosha Mountain are some 5 min drive by car.
Casa Bulgaria is a lovely development of two blocks with a common underground floor of 22 garages and 27 cellars, as well as 5 parking lots in front of the blocks. On the ground and first floor of Block A there are offices and shops with separate entrance. The total number of apartments is 27 being one-, two bedrooms and maisonettes, all of them functionally designed. The two buildings are expected to be gasified.
Only 3 hours away from London Heathrow and with an easy, straight-forward buying process, the apartments feature excellent finishes throughout and offer a great deal of space and natural light.

Completion date: August 2007

KEY FEATURES OF THE AREA:
∙ Peaceful residential area close to modern, brand new business centres, hotels and apartment complexes
∙ Easy and fast access to each point of the city retail centres, mountains or the airport
∙ Constantly growing prices
∙ Ideal for both short and long-term letting, as well as good resale potential

MAINTENANCE OF COMMUNAL AREAS:
The annual maintenance fee is 9 Euros per sq.m. (VAT incl.) and will cover the following:
∙ Maintenance of the common garden
∙ Maintenance, cleaning and electricity bills of the common parts (corridors of the block, entrance, etc.)
∙ Security services
∙ Standard repairs occurring from the normal use of the building

STANDARD OF FINISH FOR CASA BULGARIA:
All apartments will be splendidly and luxuriously finished to the highest European standards, as follows:

Walls & Ceilings
∙ smooth plastered & latex painted internal walls
∙ smooth plastered & latex painted ceilings
∙ hydro and thermo insulation

Floorings
∙ laminated parquet in the rooms
∙ terraces and entrance hall granite flooring

Doors
∙ solid front door
∙ internal doors of MDF
∙ armored entrance doors

Windows
∙ double glazed UPVC windows

Heating system
∙ aluminum radiators
∙ electric boiler
∙ gas heating system

Shower-rooms/wc
- fitted with taps, fittings, bath or shower unit, toilet bowl and sink
- tiled floorings and faience tiled walls

Common Parts
∙ metal railings of the staircase
∙ granite flooring
∙ latex painted walls and ceilings
∙ staircase lightning, letter boxes, intercom system
∙ Hydraulic elevator
∙ grassing, lightning and pavements


FURNISHING
Our partners at Furnish.BG will offer a selection of furniture packs for Casa Bulgaria apartments. The furniture packages for rental apartments will include everything needed so the apartment becomes ready to live in and rent out:
∙ Beds, cupboards, dressing tables, bedside lighting
∙ Cooker, microwave, fridge, kettle, toaster
∙ Pots, pans, cutlery, crockery, kitchen implements
∙ Dining table and chairs
∙ Sofa and easy chairs (that convert to a sofa bed)
∙ Linen, towels, bedding etc.
∙ TVs in each room, a HiFi system with CD and MP3 player
∙ Table lights
∙ And everything else needed to make the apartment ready to rent

Prices of the furniture packages - studio: 5200 Euros; 1-bedroom: 6800 Euros; 2-bedroom: 8200 Euros.

GUARANTEED RENTAL after the first year, as follows:
Contract for three years:
- no guaranteed rental for the first year
- guaranteed rental of 5% of the purchase price for the second year
- guaranteed rental of 6% of the purchase price for the third year

All expenses plus the property insurance will be covered by Property Management BG except for the property tax and the garbage collection tax (approx. 75-100 Euros/year). The owners will not be allowed to use their apartments, as they will be rented on a long-term basis.
All damages will be covered by Property Management BG and the apartment will be returned in the same condition as before the rental, taking into account normal wear and tear occuring from the everyday use of the apartment and the furniture.

PROPERTY MANAGEMENT
A first class property management and letting service will be provided by our partners www.PropertyManagement.BG, who are the leading Management & Letting company in Bulgaria. The annual Management fee of 400 Euros (without VAT) will cover the following services:
Management and maintenance of all relevant documentation.
Organization of any and all maintenance required at the apartment, inclusive of regular cleaning, change and laundry of linen, preparation of the apartment for rental, everyday cleaning when the apartment is occupied by tourists, etc.
Regular communication with you the owner in case of any unexpected event, and to produce at your request documentation for any and all expenses made on behalf of the property.
Organization and payment of any and all expenses relating to the property to third-party suppliers: for example, bills for power and water supply, cable TV, Internet subscription, cleaning and the general maintenance of the apartment, including repairs and renovation as and when required etc.
Web access to the bookings made for your apartment by the tour operator, so you can see the availability for yourself, friends and family, or check your rental income.
Organization of the issue of any categorization papers, licenses and similar required by the law for the short-term or long-term rent of the property.
Organization and the payment of the annual property tax and waste collection fees (funds must be supplied by the apartment owner)
Organization, filing and submission to the tax office of the annual tax statement and payment of any and all tax due by the apartment owner for income relating to the rental of the apartment.
Marketing the property to tour operators and travel agencies for rental to their client base of tourists
Key services to incoming and outgoing tenants/visitors.
Registration of the tenants as foreign citizens with the local police station as required by the law.
Holding funds on behalf of the apartment owner, to be used against outgoings directly related to the apartment or common parts under the terms of the virtual freehold.
Organization, bookkeeping and the storage and maintenance of all records and received invoices, payment receipts and other documents from third-party service providers, agents, local authorities and tax administration bodies etc.
Representation of the apartment owner and protection of his/her rights and execution of his/her will before any and all third-party service providers, agents, local authorities, tax administration bodies and tenants etc.
Owners will be offered fixed rates per night for short-term rentals. All expenses for short-term lettings (electricity, water, cable TV, Internet) will be charged to the owners account. Long-term rents are subject to additional negotiation between the tenant and the apartment owner, which will be handled by us on your behalf. Usually for long term letting all expenses are covered by the tenants.


LETTING
Casa Bulgaria is a member of the chain of luxury holiday apartment hotels APARTMENTSBULGARIA.COM and will be fully managed and serviced by Bulgaria's leading Property Management Company, Property Management BG, in partnership with the APARTMENTSBULGARIA.COM. Operating all year round, Casa Bulgaria will welcome business travellers, tourists, owners and investors, corporate business groups, participants in company seminars and long-term tenants and, because the quality of the accommodation and the superb location the development will be advertised in the brochures of the leading international tour operators providing services in Bulgaria, we expect extremely high occupancy from the very first year of operation.
Casa Bulgaria Apartments will offer all facilities needed and high quality of services. Buyers who wish to rent out their apartments to tourists can use the services of www.SofiaApartments.com in partnership with major international and local tour operators.
Because of its excellent location, Casa Bulgaria Apartments are suitable both for long and short term rents. The area is a preferred place for living by Bulgarians and foreigners settled in the capital. Located next to the mountain, the fresh air and the easy access to the city center turn the area into one of the most desired residential districts.
For successful rent, Casa Bulgaria will be intensively advertised in the local magazines and web-sites for long term rentals. They could be occupied not only by the visitors and guests of Sofia but by the foreigners who live here permanently. Long-term rents are subject to additional negotiation between the tenant and the apartment owner, which will be handled by Property management BG on owners behalf. Usually for long term letting all expenses are covered by the tenants.
At the same time the demand for luxury apartments in Sofia suitable for short-term lets is constantly rising. The reason is the increasing investments in Sofia and the increasing number of foreign businessmen coming to the capital, as well as the increasing popularity of Sofia as a tourist destination. Ever more and more tourists are visiting our capital not only for its sights, night life and good traditional cuisine, but also for its unique proximity of Vitosha mountain and its ski slopes and all the opportunities offered by the beautiful mountain. All modern techniques will be used including web marketing through the leading ski and tourism portals in Bulgaria as www.BulgariaSki.com On the other hand the famous ski resort Borovets is about 45 min drive away.
Owners will be offered fixed rates per night for short-term rentals. All expenses for short-term lettings (electricity, water, cable TV, Internet) will be charged to the owners account. Our experience shows that short-term rental provides a good rental income and we expect that apartments will bring 7-9% per annum (around 3-4% during the first year of operation). It is typical that there are no low seasons in the short-term lettings in the capital, because it is visited by high number of investors and businessmen, as well as leisure travelers all year round, therefore we are expecting minimum occupancy of 70% per year.

GENERAL CONDITIONS
It is not necessary to come to Bulgaria in order to reserve an apartment or sign the preliminary contract.
No company is needed to own an apartment in Casa Bulgaria.
All owners who rent out their apartments must pay an annual 10% rental income tax. We collect and pay this for you.
Owners who have a rental contract with Property Management BG can use their apartment whenever they wish, provided that they have notified the booking office in advance. You will be charged only the cleaning costs for staying.

RESERVATION AND AGENCY COMMISSION
Any apartment in Casa Bulgaria can be reserved for 28 days with a deposit of 3% of the purchase price (non-refundable). The buyer is expected to sign a preliminary contract with the development company and to pay the first installment within approx. 28 days after reservation.
Luximmo Finest Estates charge agency commission of 3 % of the asking price of the apartment.

PAYMENT PLAN
Standard
- 3 % reservation fee
- 47 % first installment at signing of preliminary contract within 28 days (+ 3% agency commission)
- 40 % second installment when the building is issued Act 15 (Sep 30th 2007)
- 10 % fourth installment when the building is issued Act 16

Luximmo Finest Estates charge 3 % commission for Casa Bulgaria Apartments.

PRICES, SIZES, AVAILABILITY (constantly updated and valid!) Situation of Block A & Block B

Prices are final, inclusive of VAT, with the full value declared in the Title Deeds. On top of this price you will also need to pay the Notary fees, stamp duty and local tax (approx. 4-6% of the purchase price), chargeable at transfer of ownership.
Every owner of property in Bulgaria pays an annual real estate tax and local communal tax the amount of which depends on the size of the property.

UNDERGROUND FLOOR OF BLOCKS A & B

Garages Architectural Plan

Garage 1, total size 42.91 sq.m (actual size + common parts), price 10 000 EurosRESERVED

Garage 2, total size 44.85 sq.m (actual size + common parts), price 10 000 EurosRESERVED

Garage 3, total size 38.72 sq.m (actual size + common parts), price 9 000 Euros RESERVED RW (tk)

Garage 4, total size 38.92 sq.m (actual size + common parts), price 10 000 Euros RESERVED (dr)

Garage 5 - Sold

Garage 6, total size 39.90 sq.m (actual size + common parts), price 13 000 Euros

Garage 7, total size 40.93 sq.m (actual size + common parts), price 13 000 Euros

Garage 8 - Sold

Garage 9, total size 40.52 sq.m (actual size + common parts), price 13 000 Euros

Garage 10, total size 39.40 sq.m (actual size + common parts), price 13 000 Euros

Garage 11, total size 41.86 sq.m (actual size + common parts), price 9 000 Euros RESERVED nk

Garage 12, total size 40.81 sq.m (actual size + common parts), price 9 000 Euros RESERVED M.C.

Garage 13 - Sold

Garage 14, total size 41.56 sq.m (actual size + common parts), price 9 000 Euros RESERVED sd

Garage 15 - Sold

Garage 16, total size 39.81 sq.m (actual size + common parts), price 9 000 Euros Reserved

Garage 17, total size 41.40 sq.m (actual size + common parts), price 9 000 Euros RESERVED (sd)

Garage 20, total size 47.22 sq.m (actual size + common parts), price 9 000 Euros RESERVED (dr)

Garage 21, total size 49.47 sq.m (actual size + common parts), price 9 000 Euros RESERVED (dr)

Garage 22, total size 45.89 sq.m (actual size + common parts), price 9 000 Euros RESERVED

BLOCK A

GROUND FLOOR Architectural Plan

Shop 1, total area of 85.18 sq.m (actual size + common parts), price 204 432 Euros RESERVED (js)

Shop 2 - Sold

Shop 3 - Sold

Shop 4, total area of 152.99 sq.m (actual size + common parts), price 367 176 Euros Reserved

FIRST FLOOR Architectural Plan

Office 1, total area of 107.03 sq.m (actual size + common parts) + ideal parts of the common terrace of 34.63 sq.m, price 304 689 Euros SOLD

Office 2, total area of 103.63 sq.m (actual size + common parts) + ideal parts of the common terrace of 33.53 sq.m, price 291 680 Euros SOLD

Office 3, total area of 84.76 sq.m (actual size + common parts) + ideal parts of the common terrace of 27.42 sq.m, price 246 279 Euros SOLD

Office 4, total area of 105.44 sq.m (actual size + common parts) + ideal parts of the common terrace of 34.11 sq.m, price 301 217 Euros SOLD

SECOND RESIDENTIAL FLOOR Architectural Plan

Apartment No 1, one bedroom, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance, cellar of 3.07 sq.m, total size 72.65 sq.m (actual size + common parts), price 58 744 Euros Reserved BS (S.D.)

Apartment No 2, one bedroom, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance, cellar of 3.18 sq.m, total size 70.95 sq.m (actual size + common parts), price 62 742 Euros RESERVED nk

Apartment No 3, one bedroom, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance, cellar of 3.18 sq.m, total size 76.50 sq.m (actual size + common parts), price 75 069 Euros RESERVED (dr)

Apartment No 4, one bedroom, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance, cellar of 1.99 sq.m, total size 68.81 sq.m (actual size + common parts), price 61 233 Euros RESERVED (am)

THIRD RESIDENTIAL FLOOR Architectural Plan

Apartment No 5 - Sold

Apartment No 6, two bedrooms, open-plan kitchen with dining area and living room with an outlet to a terrace, bathroom with bathtub and toilet, bathroom with shower and toilet, an entrance hall and a corridor, cellar of 3.58 sq.m, total size 106.82 sq.m (actual size + common parts), price 94 885 Euros RESERVED (sd)

Apartment No 7, one bedroom, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance, cellar of 3.58 sq.m, total size 70.87 sq.m (actual size + common parts), price 69 259 Euros RESERVED (az)

FOURTH RESIDENTIAL FLOOR Architectural Plan

Apartment No 8 - Sold

Apartment No 9, two bedrooms, open-plan kitchen with dining area and living room with an outlet to a terrace, bathroom with bathtub and toilet, bathroom with shower and toilet, an entrance hall and a corridor, cellar of 3.45 sq.m, total size 106.69 sq.m (actual size + common parts), price 94 814 Euros RESERVED

Apartment No 10, one bedroom, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance, cellar of 3.51 sq.m, total size 70.80 sq.m (actual size + common parts), price 62 492 Euros RESERVED (sd)

FIFTH RESIDENTIAL FLOOR Architectural Plan

Apartment No 11, one bedroom, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance, cellar of 3.51 sq.m, total size 77.27 sq.m (actual size + common parts), price 62 414 Euros RESERVED T (dr)

Apartment No 12, one bedroom, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance, cellar of 3.50 sq.m, total size 82.93 sq.m (actual size + common parts), price 73 412 Euros RESERVED RW (tk)

Apartment No 13 - Sold

SIXTH & SEVENTH RESIDENTIAL FLOORS Architectural Plan Sixth Floor & Architectural Plan Seventh Floor

Maisonette No 14, first level: open-plan kitchen with dining area, spacious living room with outlet to a large terrace of 25 sq.m, lavatory, staircase to the second level, comprising of two king-sized bedrooms, each with a terrace, a closet, bathroom with bathtub and wc, corridor, cellar of 3.58 sq.m, total size 208.26 sq.m (actual size + common parts), price 165 947 Euros RESERVED M.C.

Apartment No 15 two bedrooms, one of them with with an outlet to a large terrace, open-plan kitchen with dining area and living room with an outlet to a large terrace, bathroom with shower and toilet, a WC, an entrance hall and a corridor, cellar of 3.58 sq.m, total size 137.37 sq.m (actual size + common parts), price 169 207 Euros

Maisonette No 16 - Sold

BLOCK B

GROUND FLOOR Architectural Plan

Apartment No 1, two bedrooms, open-plan kitchen with dining area and living room, two bathrooms/wc, an entrance hall, cellar of 3.60 sq.m, total size 82.00 sq.m (actual size + common parts), price 68 620 Euros RESERVED (am)

Apartment No 2, two bedrooms, open-plan kitchen with dining area and living room, two bathrooms/wc, an entrance hall, cellar of 3.60 sq.m, total size 81.21 sq.m (actual size + common parts), price 64 296 Euros RESERVED (sd)

FIRST RESIDENTIAL FLOOR Architectural Plan

Apartment No 3, two bedrooms, open-plan kitchen with dining area and living room with outlet to a terrace, two bathrooms/wc, an entrance hall, a corridor, a second terrace, a cellar of 2.64 sq.m, total size 93.93 sq.m (actual size + common parts), price 83 613 Euros RESERVED (dr)

Apartment No 4 - Sold

Apartment No 5, one bedroom, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance hall, cellar of 3.62 sq.m, total size 77.30 sq.m (actual size + common parts), price 81 000 Euros RESERVED (sd)

SECOND RESIDENTIAL FLOOR Architectural Plan

Apartment No 6, two bedrooms, open-plan kitchen with dining area and living room with outlet to a terrace, two bathrooms/wc, an entrance hall, a corridor, a second terrace, a cellar of 2.64 sq.m, total size 93.93 sq.m (actual size + common parts), price 83 613 Euros RESERVED (sd)

Apartment No 7 - Sold

Apartment No 8, one bedroom with a terrace, open-plan kitchen with dining area and living room with outlet to a terrace, bathroom/wc, an entrance hall, cellar of 3.62 sq.m, total size 77.30 sq.m (actual size + common parts), price 68 303 Euros Reserved S.D.

THIRD & FOURTH RESIDENTIAL FLOORS Architectural Plan Third Floor & Architectural Plan Fourth Floor

Maisonette No 9, first level: open-plan kitchen with dining area, spacious living room with outlet to a large terrace of 40.40 sq.m, a lavatory, staircase to the second level, comprising of two king-sized bedrooms sharing one large terrace, a closet, bathroom with bathtub and wc, corridor, cellar of 3.81 sq.m, total size 235.57 sq.m (actual size + common parts), price 245 028 Euros

Maisonette No 10, first level: open-plan kitchen with dining area, living room and bedroom both with outlet to a large terrace of 27.42 sq.m, a bathroom, staircase to the second level, comprising of a bedroom with large terrace, a bathroom, and second terrace, cellar of 3.67 sq.m, total size 148.99 sq.m (actual size + common parts), price 164 972 Euros

Apartment No 11, one bedroom with a terrace, open-plan kitchen with dining area and living room with outlet to a terrace of 12.15 sq.m, bathroom/wc, an entrance hall, cellar of 3.40 sq.m, total size 71.95 sq.m (actual size + common parts), price 52 458 Euros RESERVED CO'S (dr)


Location

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

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