#1 store with large windows in OKINAWA Boutique Residence

We are exclusively presenting for sale a new, super spacious commercial property in OKINAWA Boutique Residence, the first building in Bulgaria that will be built entirely according to the rules of the Healthy building concept in design and construction.

Shop No. 1 is located on the ground floor and has a total area of 259.76 m²., distributed over two levels.

The first level consists of a commercial area, and an internal, independent staircase leads to the basement level, and the area on the lower level can be organized as a warehouse, showroom, work area, etc., with a bathroom. We offer options for partitioning the premises according to the needs of the new owner.

Received Act 15! Selling directly from an investor, no commission from the buyer!

OKINAWA Boutique is a luxurious multifunctional building with a key location on Blvd. "Simeonovsko Shosse" in Sofia - in the immediate vicinity of the largest shopping center of the elite chain "Fantastico". Located on the second line of the big metropolitan boulevard, the building is 12-storey (9 above-ground and 3 underground garages), with a total unfolded area (above-ground and underground) of 16,518 m².

The building is currently at the Act 15 stage. The completion date is planned for April 2025.

The project is being built with the financial support of Allianz Bank. The main contractor is the renowned construction company Elite Building Company .

More information about the luxury multi-functional building OKINAWA Boutique can be found at the end of the descriptive text below or on the website.

SHOPPING CENTER OKINAWA

A total of 5 commercial establishments are located in the commercial area of the building. They are organized on 2 levels (except for the smallest object, which is on one level). The upper level is located on the ground floor of the building (floor "0"), and the lower level is located in the first underground level of the building (floor "-1"). The two levels are connected by an internal staircase individual for each object. Each of the entrances to the commercial establishments is located directly on the ground floor of the building and has direct access from the street. The commercial area itself is separated from the entrances to the residential and office parts of the building. The available store areas range from 106.32 m² to 259.76 m², including common areas. The main and larger storefronts of the commercial establishments are located on the ground floor, facing the western facade of the building, from Blvd. "Simeonovsko Shosse". The objects also have small storefronts on the other, eastern side of the building, so visibility to them is available from both long facades of the building (east and west facade).

Technical characteristics of the commercial areas

• The official status of the commercial premises can be determined and changed according to the wishes and needs of the future owner or tenant;
• The sites are suitable for various activities, and most of them have no restrictions to be carried out on site - for example, a shop, an establishment, a medical or dental center, a beauty salon, an office, a bookstore and many others;
• The areas of the retail outlets vary from 106.32 m² to 259.76 m², including common areas. They are located on 2 levels (floor "0" and floor "-1"), with the exception of Shop #3, which is only on one level (floor "0");
• At the request of the buyer/tenant, the upper level can be used as an exhibition area, and the lower level for storage. There are no restrictions that the lower level can also be used for exhibition space, according to the wishes of the owner/tenant of the store;
• Height of the ceilings on the upper level: 3.70 m. structurally and 3.40 "clear" height, given the installed suspended ceiling, in which cassette indoor units (convectors) of the air conditioning system are positioned;
• Ceiling height on the lower level: 2.40 m. "light" height;
• End-to-end, floor-to-ceiling storefronts, including a main storefront with an entrance on the west facade of the building and a smaller storefront on the east facade;
• Individual toilet for each site, located at level "-1", and only for Shop #3 the toilet is at level "0";
• The largest Store #1 has its own kitchen, separated in a separate room.

The commercial spaces are let to the buyers fully finished "turnkey", with quality materials and interior finish, including:

• Flooring - screed and covering of Marazzi brand granite, Marble look series or Gambini size 60/60 cm;
• Walls – finely plastered and painted with white latex;
• Ceilings – suspended ceiling with lighting fixtures installed in it;
• Large floor-to-ceiling French windows, with Alumil aluminum joinery, triple glazing and warm spacers;
• Installed interior doors;
• Finished and equipped toilets — Marazzi brand flooring and cladding, Marble look or Gambini series, with slab size 60/60 cm, complete sanitary ware and accessories (built-in structure and Roca sanitary ware, fan, cabinet, suspended ceiling);
• Installed electrical switches and sockets;
• Low-current installations are built according to the project, but there is a possibility of corrections during the finishing works;
• Completed installation and piping for an air conditioning system intended for heating and cooling;
• Installed air-conditioning equipment for heating and cooling — split Freon system, with one outdoor unit and indoor units in the separate rooms of the store. Equipment and installation are included in the price.

Location and guaranteed flow of paying customers

Given a convenient location, as well as the specifics and advantages of a multifunctional luxury building OKINAWA Boutique, the commercial establishments in it will be able to count on a constant flow of thousands of customers every day, most of whom are highly solvent. At the same time, the forecasts of our specialists show that the flow of potential customers will be strong not only during the working days of the week, but to the same extent, and probably even more, during the weekends. Expectations are for a steady and strong flow of customers year-round, without any seasonal dips or dependencies. The expected clientele is highly solvent and active people who live or work in the luxury building itself. There will be an equally strong influx of business from customers of the prestigious chain and supermarket "FANTASTIKO", located in the immediate vicinity, which, given its high status, attracts thousands of buyers with the highest financial status every day.

The conclusion is that the location is extremely suitable for the development of commercial and entertainment businesses, businesses with beauty and cosmetic procedures, as well as many other activities that can be practiced in these commercial establishments.

There are many reasons for the location's high commercial potential, and the main ones are the following:

• A key location in the immediate vicinity, literally next to the largest shopping center of the prestigious "FANTASTIKO" chain, namely Store No. Ô33 on Blvd. Simeonovsko road #87A. The recently renovated shopping center has been significantly expanded and now offers an even larger shopping area, indoor parking, as well as numerous special and additional stores located on its territory and outside the supermarket itself. This important shopping center for the capital attracts thousands of customers every day, and OKINAWA Shopping Center's proximity to it will bring direct visibility to thousands of customers who can shop and consume goods and services regularly and in our stores/facilities.
• Guaranteed constant flow of about 600 people who, at full capacity, will live and work in the luxury OKINAWA Boutique building itself. Given the high class of the residential and also the office part, we can conclude that the people who inhabit it will also be those with a high social status and great financial capabilities;
• "Simeonovsko Shosse" boulevard itself has been formed in the last 15 years as one of the most prestigious shopping streets in the capital city, where dozens of leading shops for luxury furniture (Martineli), materials and sanitary ware (Martineli, Artgres, Sofia Design District, Domtex, Studio Sense), supermarkets from leading national chains (Fantastico, Kaufland), specialized stores for high-end food and beverages (Le Petit March?), high-end fitness centers (Pulse, Next Level, Titanium), stores for luxury sports goods (Sport Box, Head), luxury car dealerships (Premium Car), elite establishments and restaurants (High Park Bar & Diner), elite medical establishments (DR-DENKOVA Dermatology clinic, Aesthe clinic of Dr. Ilio Stoyanov) , several universities in the district "Student city", parts of schools (French Lyceum "Victor Hugo", schools "Svetlina" and "Easy Science"), private kindergartens and nurseries, hotels, numerous embassies and residences of different countries;
• At the intersection of the densely populated, mainly with young people, new neighborhoods "Malinova Dolina", "Studentski Grad", "Vitosha" and residential area. "Garden". The OKINAWA Boutique building itself is administratively located on the territory of the newest and actively built up with new and modern residential buildings in the last 5 years capital district "Malinova Dolina". On the other side of the boulevard is the other relatively new and densely built and populated district "Vitosha", as well as adjacent to it, on its southern side, the newly built residential area "Garden". The location of OKINAWA Boutique is right on the border with "Student city", which is known for being home to the most active and young population in the capital, which consumes goods and services in large volumes, and therefore, as is known, the shops in this district have always maintained relatively the most -high prices throughout the metropolitan city. The population of these 4 neighborhoods located in the immediate vicinity of the OKINAWA Boutique building is over 75,000 people.

Parking provided for commercial establishments

Guaranteed parking is available for customers of shopping centers and shops in Shopping Center OKINAWA, in the immediate vicinity.
In addition, for each of the commercial establishments offered for sale, we also provide the opportunity to purchase 1 parking space in the building's underground garage.

Rental options

Our analyzes show that given all the characteristics and advantages of the retail spaces in OKINAWA Shopping Center, they will be able to be easily rented at levels of around 18-21 Euro/m². without VAT, with a standard long-term lease of 5+5 years for similar objects. Premises are traditionally rented as delivered by the construction company to the buyers, namely complete turnkey, with fully fitted bathrooms, flooring laid, walls finished and painted, doors installed and switches and sockets installed. The tenant himself is committed to finishing the interior of the commercial establishment, according to his preferences, as well as to purchase at his own expense all the furniture and equipment, incl. and the air conditioning equipment for the rented object. In addition to the amount of the monthly rent, the tenant pays for his own account and current costs for consumables (electricity, water, internet, television, etc.), according to the readings of the relevant devices. The mandatory maintenance fee to the building's management company, as well as the municipal waste fee (MSW) are also paid by the tenant on a monthly basis. The annual building tax, which is of low value, is at the expense of the owner of the premises.
Under the general conditions for renting as indicated, and based on the ratio between the selling price and the expected rent of the commercial space, an annual rental yield of about 9-11% net annual yield (estimated) is formed.

A profitable investment with a high investment value

The valuable facilities and numerous advantages of the commercial properties for sale, detailed on this page, make them extremely attractive for the development of a profitable commercial activity or service business. In addition, at the present moment, during the construction, the retail outlets in the shopping center of the OKINAWA Boutique building are offered for sale at the most advantageous prices of only 2,333 Euro/m² excluding VAT. After the completion of the building and obtaining the Permit to Use (Act 16), the sales prices of the commercial areas are expected to increase by about 25% to approximately 2,900 Euro/m². The high annual rental yield, estimated at around 10%, as well as the specifics when renting commercial premises (long-term rent 5+5 years and no need for furniture, respectively almost zero depreciation), make them an ideal choice for any financial investor , decided to acquire a valuable property with a high potential for generating high rental profits. The innate qualities of the objects, the building itself and of course the convenient location with a guaranteed huge flow of people, will contribute to the constant increase in the price of commercial properties (capital appreciation) of 5-8% per year. Thus, we expect the combined return on investment in the first year to be at least 30%, and in the following years to be within 15-18% per year.

Financing the purchase

We have structured various ways of financing the purchase of a commercial property at OKINAWA Boutique, in case such financing is required. The construction is financially supported by Allianz Bank, as the same bank has prepared financing packages for buyers of the commercial premises with investment loans for a period of up to 6-8 years, under extremely favorable conditions, and with minimal co-payment. Through our exclusive bank financing partner SUPER CREDIT, we can provide attractive financing options from other Bulgarian banks in order to achieve the best offer.
We also offer a variety of flexible installment purchase options that are negotiable with the buyer.

RESIDENTIAL PART OKINAWA BOUTIQUE RESIDENCE

OKINAWA Boutique Residence is the first residential building in Bulgaria, developed according to the model and with the methods of the Healthy Building Concept — an innovative concept for ecological and sustainable construction with materials, technologies and solutions aimed at the idea of a harmonious and healthy living environment, at the service of its inhabitants and the environment.

The main characteristics and advantages of the residential building are expressed in the following:
• Prestigious building in the premium segment, with an impressive modernist vision;
• First-class materials and equipment, cutting-edge technological solutions;
• Luxury common areas, SCHINDLER elevators, natural stone flooring;
• Ventilated LAMINAM facade, ALUMIL aluminum joinery with triple glazing and warm spacer;
• High energy efficiency and a favorable microclimate through a special concept for thermal insulation, optimal energy consumption and a high level of comfort in every season;
• Moisture-regulating walls with "breathable" lime plaster KLIMAWHITE;
• Soundproof houses with double walls - "sandwich", underfloor heating REHAU on heat pump or gas;
• Rich landscaping with a true Japanese "Zen" garden, walking paths with benches and an outdoor gym.

We expect that at full capacity occupancy of the apartments, and an average population of each apartment with 3 people, about 300 people live permanently in the residential section of the building. All people living in the building are potential regular customers for the 5 shopping outlets in the OKINAWA shopping center!

We expect around 290 - 300 people to work in the 15 offices of the OKINAWA Boutique business center. All employees and managers working in the offices are potential regular customers of the 5 commercial establishments in the shopping area of the building!

You can see more detailed information about the residential part of the building on the website.

MORE INFORMATION ABOUT OKINAWA BOUTIQUE MULTIFUNCTIONAL BUILDING

OKINAWA Boutique luxury building of mixed type, located on Blvd. "Simeonovsko Shosse", on the second line of this main thoroughfare of the capital Sofia. The boulevard is one of the busiest and largest 4-lane boulevards in the capital. The boulevard provides a direct connection between the city center and the ring road, passing through the quarter. "Lozenets", "Hunting Park", quarter "Vitosha" and "Vitosha VEC-Simeonovo", "Student city", g.k. "Garden" and reaching sq. "Simeonovo" at the foot of Vitosha mountain.

The building is conveniently located near a public transport stop, a future metro station (a 3-minute walk), the universities of Studentski Grad, the Ring Road, the Ring Mall and Paradise Center shopping centers, Sofia Business Park, Vitosha Nature Park, kindergartens and schools.

The construction of the luxurious multifunctional building started in August 2022 and is scheduled to be completed in the first quarter of 2025, when it is also expected to receive a Permit to Use (Act 16).

You can see more detailed information about the building here!

The indicated price is without VAT.

Contact the responsible broker for a professional consultation regarding the commercial property you are interested in at OKINAWA Boutique Residence!

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.