GARITAGE PARK in Sofia

Name: Sales in GARITAGE PARK started!
Start: 2021-03-04T09:15:23.107410+00:00
End: 2023-12-31T23:59:59+0000
Location: GARITAGE PARK

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Project info

Object ID: 11364

Finished at	March 2021
Price, m²	From 1450$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	5
Apartments	100
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Sofia Business Park 7 min Akademik Aleksandar Teodorov-Balan 19 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

87,000$

Net profit

7,229$

Payback period

9.2 years

Avg property value increase per year

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About the project

Garitage Park is a large residential and business complex located on 167,000 m2. The project will be implemented in stages and in a fully completed form will include:

95,000 m2 of offices

60,000 m2 of housing

90,000 m2 park environment with a lake, children's and sports grounds

Primary school for 500 children

4,500 parking spaces

Sports center with pool

Sports hall with a capacity of 1,700 people

Supermarket, restaurants, cafes and more