MELODY PARADISE in Sofia

Name: Sales in MELODY PARADISE started!
Start: 2021-03-12T11:27:45.643918+00:00
End: 2023-12-31T23:59:59+0000
Location: MELODY PARADISE

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Project info

Object ID: 11528

Finished at	March 2021
Price, m²	From 1350$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 72.00 m²
Floors	7
Apartments	49
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Vitosha 3 min James Bourchier 14 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

97,200$

Net profit

8,283$

Payback period

9.2 years

Avg property value increase per year

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About the project

"Melody Paradise" is a residential complex of new construction in Sofia, which is being built in one of the preferred southern regions - Krastova Vada. The building is located at 4 Filip Kutev Street, 200 meters from Vitosha Metro Station and Paradise Mall. Just a few minutes walk away is the beautiful South Park - the lungs of the capital. Bul. "Cherni Vrah" (where the mall "Paradise" is located) is one of the main roads of the capital, which makes the place extremely convenient for transport connections of the subway and bus lines. There is also a bike lane for safer and faster cycling. And the very location of the building provides a wonderful view of the foothills of Vitosha.

Residential complex "Melody Paradise" is divided into 2 wings with a beautiful asymmetry in the structure. Entrance A will be built on 5 floors and entrance B on 8 floors with a total of 49 apartments.

On the ground floor is the area for public use, and above it is the living area. On the ground floor are the trade halls, offices and open parking spaces. The complex has another 49 parking spaces, distributed in an underground parking lot and 6 outdoor ones. The ramp to the underground parking lot will be thermally insulated and heated.

Entrance A has 5 above-ground floors and on the ground floor there are commercial areas, and the other 4 floors are residential with 12 one-bedroom and 8 two-bedroom apartments.

Entrance B has 8 above-ground floors, on the ground floor there are commercial areas, and the other 7 floors are residential. The apartments, located on the 1st floor, will be issued with a ready-made bathroom, laid flooring and interior doors. The apartments on the other residential floors will be issued according to the Bulgarian State Standard. In entrance B there are 5 one-bedroom, 18 two-bedroom and 6 four-bedroom apartments.

The building, like the other newly built buildings in Sofia, will have access control to ensure the necessary peace and comfort of living for the owners.