ALGARA Luxor in Sofia

Name: Sales in ALGARA Luxor started!
Start: 2021-03-04T12:29:24.558673+00:00
End: 2023-12-31T23:59:59+0000
Location: ALGARA Luxor

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Project info

Object ID: 11375

Finished at	March 2021
Price, m²	From 1500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	8
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

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

90,000$

Net profit

7,229$

Payback period

9.5 years

Avg property value increase per year

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About the project

"Algara Luxor" - majestic, stylish and captivating ... feel the harmony of "Algara"

The name of the building is inspired by Bulgarian history and originates from Old Bulgarian origin in the IX century. Algara is the daughter of St. Prince Boris I Michael - ruler and patron. Symbolizes the desire for spiritual and physical comfort! "Algara Luxor" - the desired luxury.

The project is a implementation of arch. B. Bogdanov from the design studio "Amphion" - designed in a classic architectural style with sophistication, round shapes and warm colors, contributing to comfort and fitting into the atmosphere of the surrounding embassies.

The area is preferred for living due to the high security, fast and convenient access to Okolovrasten Pat Blvd. and numerous supermarkets, schools and shopping centers. No risk of building a taller building to obscure the magnificent view.