IZTOK PARKSIDE in Sofia

Name: Sales in IZTOK PARKSIDE started!
Start: 2021-02-22T08:49:46.826540+00:00
End: 2023-12-31T23:59:59+0000
Location: IZTOK PARKSIDE

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Project info

Object ID: 11121

Finished at	February 2021
Price, m²	From 2225$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 94.00 m²
Floors	8
Apartments	67
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations G. M. Dimitrov 4 min Musagenitsa 9 min Joliot-Curie 10 min Mladost 1 18 min
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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

209,150$

Net profit

9,376$

Payback period

17.8 years

Avg property value increase per year

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About the project

Arco Real Estate presents an exclusive newest residential project - Parkside East. The complex consists of three boutique buildings located in a convenient location: Jk East - next to Dragan Tsankov Boulevard and St. Tintyava. Access without a transit street provides comfort and tranquility to residents both during the day and night. Certified in accordance with the British standard for measuring the environmental impact of buildings - BREEAM, to guarantee the achievement of comprehensive energy efficiency and comfort. Wiring for smart home and remote control of key installations. The existence of an autonomous photovoltaic system with solar panels for generating and storing electricity. Additional insulation in the floor and walls of the basic acoustic survey in order to provide a more comfortable living environment. The ventilated curtain wall made of HPL planks is immune to environmental influences and temperature fluctuations, providing a waterproof surface and resistance to UV rays.

The main property types developed at Iztok Parksid are one bedroom apartments. The area ranges from 94 to 111 square meters, with a total of 9 different types. The complex also has five different types of three-room apartments ranging from 110 to 220 square meters, three of which have a 360 degree view and one in the hallway. The two bedroom properties have three separate distributions of their size (60 to 70 m2) making them as a choice for investment and living.

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