VRABNITSA RESIDENCE in Sofia

Name: Sales in VRABNITSA RESIDENCE started!
Start: 2021-02-23T12:32:11.378445+00:00
End: 2023-12-31T23:59:59+0000
Location: VRABNITSA RESIDENCE

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Project info

Object ID: 11160

Finished at	September 2021
Price, m²	From 1555$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 52.00 m²
Floors	9
Apartments	162
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Beli Dunav 2 min Lomsko shose 7 min Nadezhda 12 min Obelya 19 min Khan Kubrat 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

80,860$

Net profit

7,229$

Payback period

8.5 years

Avg property value increase per year

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About the project

"Vrabnitsa Residence" is a complex of 4 residential buildings, located in one of the most promising areas of Sofia, with built social, underground and transport infrastructure. Good communication is determined by the nearby metro stations "Beli Dunav" and "Lomsko Shosse", as well as the boulevard "Lomsko Shosse". At the same time, the complex is located on a quiet inland neighborhood paved street, within walking distance of North Park. There is also a school, several hypermarkets, a pharmacy and more in the area.

The buildings in the Vrabnitsa Residence complex are designed according to the latest standards in the field by a leading architectural studio with numerous projects, including international ones. The project includes four residential buildings with one and two bedroom apartments, with special attention paid to the optimal distributions for each home. Of course, there is a possibility for individual reconstructions, which can be performed at the request of the client, and this does not affect the facades or construction of the building.

The complex will be divided into two stages, two buildings in each. We plan to start the real construction activities in October 2019, and the planned construction period is 24 months. In each building there are basements, garages, underground and aboveground parking lots.