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BOYANA LUXURY RESIDENCE in Sofia

Name: Sales in BOYANA LUXURY RESIDENCE started!
Start: 2021-02-22T08:24:39.820392+00:00
End: 2023-12-31T23:59:59+0000
Location: BOYANA LUXURY RESIDENCE

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Project info

Object ID: 11118

Finished at	August 2021
Price, m²	From 1500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 277.00 m²
Floors	3
Apartments	13
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

415,500$

Net profit

9,376$

Payback period

35.3 years

Avg property value increase per year

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About the project

The Boyana Luxury Residence project is nestled at the foot of Vitosha Mountain, amidst fresh air, tranquility and comfort. In harmony with nature, BLR offers you a healthy environment and amenities at your fingertips in the elite Boyana district.

Near the complex you will find large supermarkets, shopping malls, kindergartens and schools. Boyana Luxury Residence is located 15 minutes from the center of Sofia.

THE COMPLEX

The complex consists of 13 single-family houses on 3 floors, located on a total area of 4,290 m2. The complex will have 10 "twin" houses and 3 terraced houses. The houses have an individual yard for recreation in nature and shared moments with loved ones.

Each house has a basement with individual double garages, on the ground floor are spacious living rooms with dining areas and kitchenette, a total of 4 bedrooms for the comfort of your family and terraces from which to enjoy the picturesque Vitosha with its color palette in different seasons and of Sofia and the sun domes of Alexander Nevsky.

The houses will have a clean and modern vision and precision of details, complementing the surrounding nature. Each one will be built as a "smart home", offering all the amenities for the modern family.

THE ADVANTAGES

Infrastructure: Car and pedestrian access is provided in two places, and the car will be solved with entrance and exit through a detour

Technical installations: Plumbing installation for cold and hot water, sewerage installation, electrical installation, as well as installation for heating by gas boiler.

Construction: Monolithic reinforced concrete

Facade: Ceramic bricks with thermal insulation. Silicate plaster finish with decorative joint; in places and partial cladding of HPL and adhesive stone

Exterior pavements: Paths with grass joints

Landscaping: Lawns with shrubs and tall vegetation

Developer

Arco Real Estate has been operating in Bulgaria since 2006. The company offers a wide range of brokerage, appraisal and consulting services …
Details about ARCO REAL ESTATE