Location
Sofia
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Competitive advantages
- 177% Projected Return on Investment over 5 Years
- Gated complex with access to Spa & Wellness Centre
- Next to the Bellissimo Business Centre and opposite Festa Barcelo Hotel
- Situated in the up-and-coming quarter of Manastirski Livadi
- Up to 80% Mortgages Available for Russian & EU citizens
- Estimated Rental Yield of 9% per year
- 266 fully finished top-end studio, 1- , 2- & 3-bedroom homes
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Country
Bulgaria
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Prices from
£111,600
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Earn a 177% Projected Return on Investment over 5 Years in A Gated Complex with its Own Spa & Wellness Centre situated in the Up-and-coming Quarter of Manastirski Livadi!
Rockarch Estates are pleased to have been appointed as an agent for the sale of all year round apartments in Bulgaria Green Park & Spa complex – a selection of 267 fully finished top-end studio, 1- , 2- & 3-bedroom homes with fitted kitchen cabinets and bathrooms benefiting of local central heating and the first of its kind in Sofia Spa & Wellness Centre. The gated complex comprising 4 residential buildings is situated in the up-and-coming quarter of Manastirski Livadi allowing easy access to the Bellissimo Business Centre (located next to the complex), Roche Sofia Headquarters and the Festa Barcelo Hotel (located just opposite the complex). General Information
Located in close proximity to Sofia’s business district, just ten minutes drive to Vitosha boulevard (the Oxford Street of Sofia) and the National Palace of Culture, Bulgaria Green Park & Spa complex sits within one of Sofia’s key growth areas. This private complex is in the heart of the Manastirski Livadi Quarter, next to the Bellissimo Business Centre and Roche Sofia Headquarters, opposite the Festa Barcelo Hotel.
The gated complex will include facilities such as a Spa & Wellness centre (the first of its kind in Sofia) boasting a large swimming pool, sauna, steam room, relaxation area, massage rooms and Beauty Clinic.
Bulgaria Green Park & Spa complex residents will also benefit of paid access to a state-of-the-art fitness centre and easy access to the ski facilities of Vitosha Mountain (under 2km away).
Gated communities with leisure and parking facilities have become increasingly popular within the Sofia market and with limited room for expansion so close to the city centre, demand for such accommodation is high. Accordingly, rental returns from these apartments will have a premium.
The Location
- Manastirski Livadi Quarter, Sofia
- One of the fastest growing areas of the city
- 10 minutes drive to city centre
- 5 minutes drive to the business district
- Easy access to and from Sofia Highway and Sofia airport (only 20 minutes away)
- Under 2km from Vitosha skiing
- Investment from multinationals flooding into the area
- Comprehensive plans to develop local infrastructure are well underway
- Only five minutes drive from the National Palace of Culture and Vitosha Boulevard (the Oxford Street of Sofia)
- Close proximity to the construction site of the biggest trade centre in Bulgaria – Mall Bulgaria, which will have 25,000sq.m of commercial area, 20,000sq.m of office area. Total investment of € 80mln
Distance from
Sofia Airport – 8km
Ski center Borovets – 80km
Ski center Bansko – 143km
Completion Date: October 2010
Property Type: City Apartments
Completion Stage: Launch
Number of Bedrooms: 267 Studios, 1, 2 & 3-Beds
Size: 53.37 m² - 373.80 m²
Facilities
- Accommodation: 266 Studios, 1, 2 & 3-Beds
- Finishing: Complete to high specification (see specification details)
- Furnishing: Additional to purchase price
- Elevators: Each building has a low-noise elevator
- 24-hour security
- Maintenance
- Spa & Wellness centre with
Large swimming pool
Sauna, Steam Bath, relaxation area
Massage rooms and Beauty Clinic
- Fitness centre
- Underground parking
Competitive advantages
- Premium apartments within private complex
- Number of units: 267 (4 residential buildings)
- Location: Within the Manastirski Livadi Quarter, Sofia
- Development stage: Phase II (phase I sold out to local market in 3 months)
- Rental market: Business professionals, university professionals, international under/postgraduates*
- Rental return: Between 6% and 8%
- Rental occupancy: High
- Construction ends: October 2010
- Construction period: 24 months
- Recommended term: 3 to 5 years
- Secondary market: Local professional, business experts and investors
- Market growth: Average of 20% per annum (2002-2007)
- Long term drivers: EU accession, increased foreign investment, lowering of interest rates, introduction of mortgages, limited room for expansion
- Short term multipliers: Increased investment in the Bakston University, infrastructure development, continued growth of Sofia Business District
Property Management
The target rental markets for the complex are local business professionals, diplomatic staff, university professionals and overseas under and postgraduates.
It is a luxury complex and demand is anticipated to be high, therefore a premium will be charged to tenants. We anticipate a return from between 6% and 8% of purchase price. Investors will be charged 10-15% of rental income for this service.
Floor Plans
Download Bulgaria Green Park & Spa Complex Floor Plans in pdf format for your review. Please note it may take a few minutes depending on your internet connection. NOTE: To view the floor plans you need pdf reader. If you don't have one, Adobe Acrobat Reader is free and can be downloaded from here.
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Prices from
Price per square meter € 1,600 - for apartments, € 800- for terraces, € 2,200 - for shops
- 1 Bed € 111,600*
- 2 Bed € 162,611*
- 3 Bed € 285,702*
* all prices include VAT
Maintenance Fee
The Management Company is concerned with the maintenance of the common areas and the facilities of the complex. The yearly cost of the management fee is to be confirmed aproximately 6 months prior its completion. All clients will be forwarded a detailed management contract prior to the completion of the development. This charge excludes private utility usage, insurance, local taxes, and rental management fees.
Payment Options
Option 1 (Standard)
- Reservation fee - €1,000 (£750.00)
- 1st payment of 30% - within 28 days of reserving
- 2nd payment of 30% - due at finished rough construction of the building – certified level cornice and level ridge
- 3rd payment of 30% - due within 3 (three) months after the rough construction of the building – certified level cornice and level ridge is finished
- Last payment of 10% payable within 10 days after issuing and obtaining from the BUYER an Act proving the completion of the construction works- Act 15 for the building in which the Unit is located
Finishing
Common parts: fully completed and accepted by the respective state and municipal authorities.
- Entrance door - aluminum, self-locking mechanism
- Entry foyer
Floor: unpolished granite terracotta
Walls: ground coat, latex, Bulgarian
Ceiling: ground coat, latex, Bulgarian
- Elevators – passenger’s and service
Passenger’s - for 8 persons, 6 stops, luxurious accomplishment
- Staircase
Stairs: unpolished granite terracotta
Railing: rails
Walls: ground coat, latex, Bulgarian
- Landings
Floor: unpolished granite terracotta
Walls: latex, Bulgarian
Ceiling: latex, Bulgarian
Lights: lighting fittings
- Façade:
Heat insulation façade compliant with the heat engineering parameters of the building
Façade frames – aluminum and РVС frames
Aluminum doors, windows, window-displays - Aluminum profiles with thermal break
РVС windows and terrace doors – 3-chamber German profile, white color; double glazing
- Roof:
Heat insulated and water-proof bituminous tiles /bituminous hydro insulation with screed
- External connections
Established external connections with provided plug-in extensions
- Vertical planning
Design-based – garden landscaping, alleys, pavement areas
- Electrical installation
- Staircase installation with a separate electrometer, lighting fittings and electric switches
- Heating and Ventilation
Pursuant to a detailed design of heating and ventilation, completed interconnections and installed aluminum radiators
Underground garage – parking places:
- Entrance gate from the street
- Sectional door with remote control
- Floor
Polished concrete
- Walls Plaster
- Ceiling On construction
- Electrical installation
- Lighting at the alley, separate lighting for garage cells
- Ventilation Suction
Apartments:
- Entrance door
Metal veneer – reinforced
- Floor
- Coating
- Walls and ceiling
Ground coat
- WC and sanitary premises
Walls: plaster
Floor: coating
- Terraces
- Ceiling: hydro insulation with cement coating, unpolished cold-resistant granite terracotta
- Rails: metal, powder paint
- Electrical installation
Electrical installation – separate two-tariff electrometer, current supply circuits to a connection point, telephone, electric bell intercom installation
- Water and sewerage
Drainage system – РVС pipes, water main – polypropylene pipes to a plug, water flow meters for hot and cold water
- Heating and ventilation
Distributing installation with interconnections from the power supply station with aluminum radiators. Ventilation for sanitary premises and kitchens
Furnishing
All of the apartments in the complex include fully fitted bathroom/toilet with all accessories, toilet bowl, wash-basin, and the highest quality and latest types of floor and wall tiles and fitted kitchen consisting of upper and lower kitchen cabinets, mixing tap and sink.
NO appliances like fridge, oven, hobs, extractor, etc or any furniture are included in the price.
Properties will be modeled with the utmost attention to detail resulting in ultra stylish fashion and design with top quality finishes.
- Internal doors
Made of MDF with laminate coating
- Flooring
Entrance area
Laminated flooring with PVC railings
Living room and kitchen
Laminated flooring with PVC railings
Bedrooms
Carpet
Bathrooms
Terracotta and faience tiles
- Bathroom and toilets
Fully fitted with all accessories, toilet bowl, wash-basin, and the highest quality and latest types of floor and wall tiles
- Ceilings
Latex painted
- Furniture for kitchen
Upper and lower kitchen cabinets, mixing tap and sink, NO appliances
- Heating
Local central heating with aluminum radiators
Note: All finishing materials are made in Bulgaria.
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