Investment property with long-term tenant next to the National Palace of Culture

OFFER FOR INVESTORS

We present for sale two apartments , located in a representative brick building from the 1930s, in close proximity to the National Palace of Culture. The building has an excellently maintained facade and common areas and is designed with a semi-basement and three above-ground floors.

The properties have the status of apartments and are offered only in a package . For over 10 years they have had a restaurant permit and are leased to an established tenant with proper documentation for the activity. The establishment is among the recognizable and emblematic places in the city center, with an established clientele and an impeccable reputation. The restaurant has its own garden and no sidewalk fee is charged.

The lease is renewed every 5 years, with the rental price updated annually, which provides a predictable and sustainable income for the owner.

The total built-up area (excluding common areas) of the two properties is 119.80 m²., distributed as follows:
• Apartment on the high ground floor – 74.80 sq m, consisting of an entrance hall, three rooms and a bathroom;
• Semi-basement apartment with natural light – 45.00 sq m, consisting of an entrance hall, three rooms and a bathroom.

The properties include a basement with an area of 6.10 m²., ideal shares of the common parts of the building, as well as the corresponding ideal shares of the ownership right over the land.

The apartments have separate entrances directly from the yard, which provides additional flexibility for future changes in purpose - personal use, separation of functions or rental in a different format.

The properties are sold by a legal entity, and VAT is not charged on the sales price.

The offer price per square meter is formed at levels of 5,200 euros (10,170.32 BGN)/sq m for the apartment on the high ground floor and 4,200 euros (8,214.49 BGN)/sq m for the apartment on the semi-basement.

The offer is extremely suitable for investors looking for a stable long-term lease, an established business model and a location with lasting value in the ideal center of Sofia.

Viewings
We are ready to organize a viewing of this property at a time convenient for you. Please contact the responsible estate agent and inform them when you would like to have viewings arranged. We can also help you with flight tickets and hotel booking, as well as with travel insurance.

Property reservation
You can reserve this property with a non-refundable deposit of 2,000 Euro, payable by credit card or by bank transfer to our company bank account. After receiving the deposit the property will be marked as reserved, no further viewings will be carried out with other potential buyers, and we will start the preparation of the necessary documents for completion of the deal. Please contact the responsible estate agent for more information about the purchase procedure and the payment methods.

After sale services
We are a reputable company with many years of experience in the real estate business. Thus, we will be with you not only during the purchase process, but also after the deal is completed, providing you with a wide range of additional services tailored to your requirements and needs, so that you can fully enjoy your property in Bulgaria. The after sale services we offer include property insurance, construction and repair works, furniture, accounting and legal assistance, renewal of contracts for electricity, water, telephone and many more.