For sellers
6.5% ROI, investment for instant income, 1 bedroom apartment in Sofia
Sold (Ref.No: SOF148-sold)
64 900 EUR (969 EUR / sq.m.)
58 315 GBP
72 792 USD
Property Details
Type of property: apartment
Type of offer: new
Region: Sofia (Mladost 4)
Living area: 67 sq.m.
Floor: 6
Bedrooms: 1
Description

6.5% ROI Investment opportunity in the heart of Sofia's strongest area for tenant demand: City of Fountains complex, 100m from Sofia's Business Park.

A large 1 bedroom apartment, new build, with Act 16 status (final residency permit)

Just 4 minutes walk from Sofia's Business Park, home of Hewlett Packard, Microsoft, Telenor, Hyundai etc and growing number of 10,000+ employees. The 'City of Fountains' complex consists of more than 400 properly built units, a class of its own in the Mladost district. Conveniently close to LIDL, BILLA, Fantastico and the newly opened Metro stop 'Business Park' (opened April 2015) it offers one of the only locations where living and commuting to any part of the city can be easily achieved without a car. Tenant demand is higher nowhere else in Sofia.

Higher salaries and greater convenience result in the near immediate rental of these properties at rates unseen elsewhere in comparable areas of Sofia. With only 1960's communist blocks as alternatives, for those who wish to walk to work a higher rent is a small price to pay.

The apartment is sold unfinished  (BDS Standard) for 52,500 EUR

Pictures show a finished example of the property. Total finishing works cost 10,500 EUR and include: fitted kitchen with built-in appliances and breakfast bar - oven, ceramic hob, washing machine, fridge, dishwasher, microwave, bar stools, dining table with 4 dining chairs, seating area with corner sofa, 32 '' LCD TV and air-conditioning.

Total investment inclusive of notary fees, taxes and transfer fees (1,900 EUR) - 64,900 EUR, instantly rentable for 350 Euros / month, 4,200 EUR per year.

 

Gross ROI - 6.5 %

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