PARK VIEW RESIDENCE in Sofia

Name: Sales in PARK VIEW RESIDENCE started!
Start: 2021-02-23T08:41:29.468419+00:00
End: 2023-12-31T23:59:59+0000
Location: PARK VIEW RESIDENCE

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Project info

Object ID: 11146

Finished at	August 2020
Price, m²	From 1700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 55.00 m²
Floors	8
Apartments	60
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Joliot-Curie 20 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

93,500$

Net profit

7,229$

Payback period

9.8 years

Avg property value increase per year

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About the project

Park View Residence is located on GM Dimitrov Blvd., near the Hunting Park and the Zoo and is in one of the best landscaped parts of the capital. The complex is located in a communicative area with excellent infrastructure and easy access to the center, the airport and the Ring Road. In the immediate vicinity are three main road arteries and GM Dimitrov Metro Station.

The complex has one-bedroom, two-bedroom and four-bedroom apartments, divided into two buildings with 8 floors and one - with 5 floors. The construction of Park View Residence is monolithic, reinforced concrete, with beamless slabs and washers, allowing flexible solutions in the interior design of individual apartments. Wienerberger Porotherm bricks are used for the external and internal walls, the facades and the roof are thermally insulated with high-quality materials, high-quality five-chamber PVC joinery is used. The stairwells and steps in the complex are made of stone, the entrance doors of the apartments are armored and fireproof with a spy. Automatic lighting with sensors and pressure ventilation system of the stairwells are provided, and the buildings and dwellings have a central heating installation. Security is guaranteed by video surveillance at all entrances, including the approach to the garage, audio-visual system for each apartment and access with a chip card.

The investor in the construction of the complex is the company Residential Properties, part of the investment group BESO HOMES, and the contractor is the construction company Inno Build Engineering.

Developer

Beso Homes Investment Group specializes in the overall management of the construction of residential buildings and complexes in Sofia. From …
Details about BESO HOMES