Nera Residence in Sofia

Name: 📣 300$ — discount certificate
Start: 2021-05-24T09:32:19.235108+00:00
End: 2023-12-31T23:59:59+0000
Location: Nera Residence

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Project info

Object ID: 12298

Finished at	May 2021
Price, m²	From 1050$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	6
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near supermarket
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

31,500$

Net profit

5,906$

Payback period

3.9 years

Avg property value increase per year

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About the project

Location. Characteristics of the area.

The building will be located in the southern part of Sofia, in Vitosha district, Lozenets district, 9.11 Asen Raztsvetnikov Str. The close proximity to Simeonovsko Shosse provides extremely good access to the central part of the city and the main exit arteries of the capital. The area itself is defined as: preferred for the purchase of basic housing, but no less important is the fact that recently more and more is being invested in housing for rental income, which today is advantageous in view of: price purchase-amount monthly rent.

Building concept.

The building is located in the central part of the plot, which has an area of 1.4 decares with an almost regular rectangular shape facing Asen Raztsvetnikov Street. Three types of materials are used for the exterior: white plaster, HPL wood paneling and ceramic tiles, thus almost почти of the facade is ventilated. The building is designed 46 pcs. apartments with one, two or three bedrooms, 1 shop, cafe and playground. There is a parking space or a garage for each site. One entrance with a room for the house manager, 7-8 residential units per floor, as well as an elevator for 6 people.

The apartments are extremely functional with spacious rooms, large enough bathrooms. In each apartment is designed a warehouse for installation of gas heating boiler, washing machine, dryer. The apartments have significantly small common areas. The elevator also serves the basement where garages, basements and warehouses are located.

What makes the building attractive?

• Excellent location, quiet area with direct access to the main boulevard

• Rational internal distribution of apartments with functional size rooms and a significantly low percentage of common areas

• Gasification

• Internal garages and parking spaces for each object of the building

• Luxury construction with high quality materials.

• High heat and sound insulation properties of external and internal partition walls

• Established communications of major service providers

• Favorable price "GREEN"

• Flexible individual payment schemes