1 Bed Apartment in Sofia - £63,440 (€81,203)

“ADVANCE” Complex


Location: Sofia

7th May 2008

Property Ref: acq050802

“ADVANCE” Complex

 

 

EXCLUSIVE OFFER! All year round rental potential and great “return on investment” opportunity!

“Advance” complex – magnificent luxurious residential complex in Sofia – THE HOTTEST INVESTMENT LOCATION! Current prices at only 1350 EUR/sq.m!

 

The “Advance” Complex is a marvelous new development providing luxury, modern style and shape of the building and remarkable architecture. The development impresses with the amazing combination of glass, steel and wood, used in the building and lots of light, provided to the entire external parts of the building.

Surely a benefit is the location of the complex – in a very quickly developing quarter of Sofia city, just five minutes to the city centre. The quarter is with very well developed infrastructure, having all the necessary amenities in closeness. The location gives straight away a great rental potential – both as residential or commercial.

Everyone must take into account the ongoing raise of the sales and renting prices in Sofia. Having the status of European capital, after joining of Bulgaria to the EU and following the comparison to other Eastern European capitals, showing that the prices in Sofia are still very low, is giving the most valid reason for the continuous and stable raise in the prices for the following years. Also a key benefit of investment in Sofia is the already started “invasion” from major foreign companies, which are opening offices and branches in Sofia, followed by sending foreign personnel as well, which increase the demand for luxury and well located apartments for rent.

So, either buying the apartment for renting out or just for a re-sale after a couple of years, the owner will end with a satisfactory and adequate profit.

 

Key selling points:

 

The “Advance” complex consists of three kinds of apartments and offers luxurious common parts, modern hydraulic elevator, underground parking spaces, access control and 24-hour security.  

In the development there are 23 apartments for sale, which are 1 and 2 bedroom apartments. The 1-bed apartments are with size 70 sq.m and consist of open-plan kitchen, living room, bedroom and bathroom. The 2-bed apartments are with size 87 sq.m and 91 sq.m and consist of open-plan kitchen, living room, 2 bedrooms and bathroom.

 

The apartments will be sold fully finished with fully equipped bathroom, tiled floor – terracotta and parquet, latex painted walls, massive wooden internal doors, armoured entrance door, triple PVC joinery.

Traditionally constructed using the most up to date building techniques and materials, the lovely new apartments will be easy to maintain and luxuriously finished.

 

 

The “Advance” Complex is due to be completed and operational before in year 2009!

 

 

PROPERTY MANAGEMENT

Mareli Properties will provide full post-sale services – furnishing, property management and renting for all “Advance” Complex apartments. The property management and renting services include:
- sourcing for you all further items needed to get your apartment ready to rent out;
- cleaning, washing and ventilation of apartments;
- maintenance and repairs (when needed);
- advertising and communication with potential tenants;
- meeting tenants and transportation to your apartment;
- giving/collecting keys, instructions for use of apartments, assistance to the tenants, while renting the apartment;
- payment of utility bills (electricity, water, cable TV, annual local tax);
- all services required keeping the apartment in good condition.
Regular monthly and yearly rental reports will be sending to the apartment owners, showing you the occupancy, costs and net income.

You can buy an apartment at “Advance” complex at the stunning price of 1350 EUR/sq.m!

 

There are also available parking spaces at fixed price of 10000 EUR.


The “Advance ” Complex apartment prices will be due in instalments as follows:

 

- 1000 EUR for the reservation of your apartment;
- 10% of the asking price on signing of preliminary contract;
- 20% - on foundations level - April, 2008;

- 10% - on 1st floor built - June, 2008;

- 10% - on 3rd floor built - August, 2008;

- 10% - on 5th floor built - October, 2008;

- 10% - on 7th floor built - January, 2009;

- 10% - on Act 14 /rough building completed/ - April, 2009;

- 10% - on starting finishing works - August, 2009;
- 10% - on completion and transferring the title deeds.

 

The payment plan is flexible and negotiable upon clients’ request. There is a 5% discount for initial payment of 60% of the asking price.


Mareli Properties Bulgaria Ltd. is charging 3% agency commission, payable at signing the preliminary contract.

 

 


Note: The exact prices are quoted in Euros (€). The £ price is for guidance only based on : € 1.28 = £1.00.

Disclaimer:
The particulars on this website do not form part of any contract. Neither BBProperties nor any of its partners, employees or agents is authorised to give or make any warranty on behalf of any party. Whilst information and particulars are given in good faith, intending buyers/tenants must satisfy themselves independently as to the accuracy of all matters on which they rely upon. All negotiations are subject to contract.