Building on Asen Raztsvetnikov Street in Sofia

Name: 📣 300$ — discount certificate
Start: 2021-05-24T12:26:17.692448+00:00
End: 2023-12-31T23:59:59+0000
Location: Building on Asen Raztsvetnikov Street

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Project info

Object ID: 12306

Finished at	May 2021
Price, m²	From 1050$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	5
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near supermarket
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Personal discount certificate 300$
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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

The building is located in the southern part of Sofia, in Vitosha district, Lozenets district at 17 Asen Raztsvetnikov Street. Facing Simeonovsko Shosse Blvd. and Asen Raztsvetnikov St., which provides extremely good access to the central part of the city and the main exit arteries of the capital. The location is extremely convenient. Nearby are: shopping and business centers, public transport stop. The street has a well-developed engineering infrastructure, all communications such as: sewerage, water supply, gas, telecommunication routes, have been built and put into operation. The area itself is defined as: preferred for the purchase of basic housing, but no less important is the fact that the area has extremely high levels of apartment rents.

Building concept

The building is located in a plot of land with an area of 1.3 decares, to the east the plot borders with Simeonovsko, to the west with Asen Raztsvetnikov.

The construction of the building is beamless, reinforced concrete. The building is designed with one and two bedroom apartments with the possibility of combining into larger and more spacious apartments, 2 commercial premises, playground and parking spaces and garages in the basement at an elevation of -3.00 m, providing parking for residents and their guests.

The high level of energy efficiency, which is a priority, will be achieved by the use of 25 cm Winenberger brick blocks, thermal insulation panels on the outer walls and the installation of 76 mm PVC profile with protective aluminum cap joinery with triple low emission glazing.

The facade of the building is made of mostly white silicone plaster with details from the architectural design and a ventilated suspended facade with HPL panels.

The roofs are flat with internal drainage, and a complete system of flat roof and heating of the funnels and gutters is applied.

The windows are mostly 2.50 meters high, which will allow for excellent lighting of the homes and panoramic views of the mountains and the city of Sofia.