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Bulgarian Property

    MOUNT VIEW SOFIA


Status : For Sale
Type : Apartments
Location : City
City/Town : Sofia
Living Area : 86.36
Rooms : 2
Condition : New build
Ref # : 061


EUR 96 920
BGN 189 556
GBP 88 847
USD 116 760

    PROPERTY DESCRIPTION

 

Description

Mount View Sofia is a truly elite development of luxury apartments, combining the most up-to-date construction technologies with a multitude of services and equipment to offer Sofias most exciting investment opportunity.

The developer of Mount View Sofia has strived to create a truly international standard of style and finish, by sourcing design experts from the UK and incorporating years of experience into the architecture and landscaping. This can be seen by the high specification of finishing and technology proof living for the future. All the apartment prices are Inclusive of 20% VAT with the full value declared on the Notary Deed.

The main partner in co financing the project is Salamanca Capital UK. Salamanca specialises in the funding of developments across all property sectors, including joint venturing with developers, where appropriate.

Mount View development is ideally positioned for year round rentals from both the expanding expat market as well as the professional domestic market.


Facilities

A  full range of facilities has been included with this development, designed to attract the up and coming city workforce (both local and international) and for owners and tenants who want the practicality of having everything under one roof.

Families and children are also catered for with an in house creche, childrens swimming pools and on site secure play area.

* Outdoor heated swimming pool and seperate childrens pool for patrons use all year round

* Fitness Centre with Sauna

* Childrens Play Area

* Controlled access underground garages (a minimum of one garage allocated to each apartment)

* Additional free storage between 4 & 6 sq.m. located adjacent to each apartments allocated undergroung car parking garage

* Lifts to all floors including direct access to underground car park

* Private gated complex with 24-hour security service

* Luxury finish including fully furnished bathrooms

* Private Balconies with views of city and mountains

* Broadband connection

* Central controlled air-conditioning system supplying air conditioning throughout the apartments without the need for a standard localised unit on balcony

* Gas central heating

* On site property management

* Car wash bay at the underground parking

Location

The Vitosha District is in the more affluent south of the city and is considered to be a middle to upper-class suburb, attracting many residential buyers on the back of its accessibility to the city centre. In a city that boasts exceptional parks and gardens, Vitosha is bordered by the Vitosha National Park and the popular Loven Park. Because of its proximity to the ski slopes, Vitosha has begun to develop into a thriving area with many of Sofias middle class seeing the location as an excellent base from which to operate a leisure and work life balance.

Mountview Sofia is excellently positioned for year round rentals from both the expanding expat market as well as the professional domestic market. Situated 7 min drive from the Vitosha gondola, 5 min drive to Business Park Sofia, 10 minutes to the city centre and 7 min to the airport.

Business Park Sofia is the fastest growing area in Sofia and the property is recommended for at least 3 to 5 years of ownership before resale. When the Business Park is completed the value of residential property within easy reach of these attractions, will increase significantly

Rental Returns

Rental yields in the city have been improving and are fuelled by foreign corporate investment in the capital.

Agents in the city have indicated that corporate lets and migrating Bulgarians from other parts of the country are boosting the rental demand, a trend set to continue as further investment is made in the city.

Agents have indicated that investors should expect a 6.5% rental yield. The legal and financial sectors in Bulgaria are becoming more established, offering improving mortgage vehicles and a stable purchasing structure.

Typically new build acquisitions are funded by stage payment purchasing but the Mount View development exclusively offers one initial deposit of 35% with no further funds required until completion.

Unlike many Bulgarian built apartment blocks, the Mountview development will offer an exceptional finish throughout, including kitchens, bathrooms and light fittings.

Payment Plan

Payment terms are designed to attract investors with just 35% deposit and balance due upon completion.

2000 Euros Reservation fee

35% on signing of preliminary contract (within 28 days of reserving)

65% on completion (expected August 2008)

This payment structure allows the buyer of the property to apply for a loan for the last installment of 65%. Most of the banks that grant loans to foreign citizens for buying property in Bulgaria require Certificate of Use, which guarantees the entire completion of the Complex and putting it into operation.

"MY SUNNY BULGARIA" DOES NOT CHARGE COMMISSION ON THIS PROPERTY.
 
DO NOT HESITATE TO CONTACT US FOR MORE INFORMATION.

 

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