GARDEN RESIDENCE in Sofia

Name: GARDEN RESIDENCE
Brand: INTERBUILD
SKU: 11451
Availability: InStock

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Project info

Object ID: 11451

Finished at	March 2021
Price, m²	From 1200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	9
Apartments	600
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Lomsko shose 3 min Beli Dunav 4 min Obelya 15 min Nadezhda 16 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

72,000$

Net profit

7,229$

Payback period

7.6 years

Avg property value increase per year

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About the project

The GardenResidence residential complex is a gated community and is located on an area of 15,000 sq.m. The project envisages the gradual construction of a total built-up area of a total of 65,000 sq.m. or 11 detached residential buildings with a total of 600 apartments. Each building will have its own entrance, underground / ground parking, shops and elevators. The buildings will be located on the periphery of the plot, and the inner part, which represents 40% of the total area of the plot will include the construction of its own infrastructure, green recreation areas, playgrounds and parking spaces. The residential complex will have a 150 m exit to Lomsko Shosse Blvd. and will border the Lomsko Shosse metro station and the Beli Dunav metro station. In the immediate vicinity are schools, kindergartens, Billa, Lidl, Fantastico, T-market, North and West Park.