Residential building on Tsar Simeon Str.

Furniture

All apartments are offered for sale unfurnished.
We can recommend furniture companies that offer quality furnishing at competitive prices, depending on your taste and budget.

They will be able to make an individual home furnishing project that includes everything you need for either permanent living in the property, or for renting.

The basic furniture options are made of chipboard. This type of furniture has an optimized low price achieved through a more simple design of the furniture and with no added extras and accessories, yet without compromising with the quality of the materials used.

If you would like furniture of higher quality, our partners will be able to provide such options.
Please contact the responsible agent for this listing to get more information about the property, as well as the available furnishing options.

Architecture

The architectural vision is designed in Gothic style, the facade will look like stained glass. The facade will be done with white limestone, and the windows will be edged with black granite that will be shaped like a bass relief. The glazing will be PVC – with five chambers and glazing with colored hue from the outside with different color in the "Harlequin" style.

Designed on 6 floors, the building offers 22 apartments with a choice of two and three bedroom units and penthouses with view towards Vitosha Mountain. The building will be serviced by a luxury elevator.

The building is designed by the architect Yuri Nikolov, who has already worked on another successfully completed residential project in the same area by the same investor. The architectural vision is extravagant, featuring Gothic elements and the building materials to be used shall be of high quality.

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): 60,000 €
Notary fees and stamp duty: 2,000 €
Finishing works: 7,000 €
Total Price: 69,000 €

Rental income and return on investment:
Potential Rental Income (Monthly): 250 €
Potential Rental Income (Annual): 3,000 €
Expected return (Annual): 4,4%

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): 90,000 €
Notary fees and stamp duty: 2,900 €
Finishing works: 12 000 €
Total Price: 104,900 €

Rental income and return on investment:
Potential Rental Income (Monthly): 360 €
Potential Rental Income (Annual): 4,320 €
Expected return (Annual): 4,1%

The calculations are indicative and have been prepared using market data as of 06/2016.

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.

Payment

Reservation
Each of the apartments in the building can be reserved immediately with a non-refundable deposit of 2000 Euros payable in cash, credit card or bank transfer. The deposit will be reserved for the period until the preliminary contract - within 14 days.

Payment
Standard:
• 2000 Euro deposit - payable at reserving a property
• 30% first installment (less the deposit) upon signing the preliminary contract - within 14 days from reservation
• 10% second installment at reaching the upper end of the fundamental slab - not later than 10.08.2016
• 20% third installment at elevation zero - not later than 10.10.2016
• 10% fourth installment upon getting Act 14 - not later than 10.02.2017
• 30% fifth installment upon getting Act 15 - not later than 10.12.2017

Discount
• 2000 Euro deposit
• 90% first installment (less the deposit) upon signing the preliminary contract
• 10% second installment upon getting Act 15 - not later than 10.12.2017

Individual
Upon agreement between the parties.

Prices of apartments with VAT: 1 000 Euro / sq.m.
Prices of garages VAT: 10 000 Euros