Available properties offering up to 9.6% gross return.

16 January 15

Two completely genuine examples of available properties offering high yield returns for investors. Fully managed rental services offered by NewEstate ensure the returns below are both achievable and proven. Nothing required from investors beyond their payment, truly turnkey.

Option 1: Sofia – full time residential property

Developer funds expansion by selling off stock at reduced prices, last few units available through NewEstate.

Amongst the best buy-to-let opportunities: large studios ripe for conversion to have separate bedroom area. Just 5 minute walk from Sofia's Business Park, home for all major multinationals and more than 10,000+ employees, the 'City of Fountains' complex is fully finished, inhabited and with its Act 16 residency permit. With very few competing new builds most employees of the business park struggle to find accommodation options beyond the 1960’s communist blocks, hence City of Fountains maintaining a huge appeal and same day rental history.

We manage more than 350 tenants across the city, we can confirm tenant demand is higher nowhere else.

The apartment is sold unfinished for 39,900 EUR including VAT. Pictured is one of the many apartments recently finished and currently managed by NewEstate: total finishing works cost 8,500 EUR and include: kitchen with built-in appliances and breakfast bar, oven, ceramic hob, washer-dryer, fridge freezer, dishwasher, microwave, 3 bar stools, dining table, corner sofa, 32 '' LED TV and air-conditioning.

Total investment inclusive of rransfer fees 49 850 EUR
Proven rental income at 300 EUR per month, totalling 3,600 EUR per year.
Gross return on investment 7.2%
If purchasing multiple units and retaining ownership for 5 years the VAT can be claimed back imemdiately and not returned, thus provding an immediate cash return of 20%.

Option 2: Royal Barcelo – summertime holiday let

A 5* complex recognised as the best in the region offering the highest quality and widest range of facilities. As the majority of Sunny Beach property stock sits at the 3* level, for those wanting to holiday at a higher level of luxury there are few options within the resort. The Royal Beach Barcelo sits head and shoulders above the crowd with a distinct feeling of excess throughout all rooms, apartments and suites. Operated as a hotel with sections sold to private owners, the enormous marketing and branding benefits all those who have invested.

Proven to rent earlier and for longer throughout the summer season and at higher prices than any other complex. This large studio rents for 55 Euros per night, typically for 60 nights a season providing 3,300 Euros of gross rental income (others alike have previously been rented by New Estate for more than 4,000 + Euros / summer).

Total cost including transfer fees 34,250 EUR
Proven rental income at 3300 EUR per year.
Gross return on investment 9.6%