The Q in Sofia

Name: 📣 300$ — discount certificate
Start: 2021-06-03T09:09:53.631307+00:00
End: 2023-12-31T23:59:59+0000
Location: The Q

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Construction

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Property for sale in The Q — look at the real estate search engine GEOLN.COM. Photo 1

Property for sale in The Q — look at the real estate search engine GEOLN.COM. Photo 2

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Project info

Object ID: 12442

Finished at	June 2021
Price, m²	From 1100$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	7
Apartments	272
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near supermarket Nearby subway stations Ovcha Kupel 2 1 min Gorna Banya 5 min Moesia - NBU 11 min
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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

33,000$

Net profit

5,906$

Payback period

4.1 years

Avg property value increase per year

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About the project

The Q complex is located 15 minutes by car from the center of Sofia, in the Ovcha Kupel district and is close to 3 metro stops, which is expected to open in 2019.

The complex will also have retail space, bicycle parking on the ground floor and green areas for common use, where a playground and family barbecue facilities will be built.

A huge plus for the location of the complex is its proximity to the New Bulgarian University, as well as the nearby Ring Road, which is expected to expand from one-lane to six-lane and this will greatly reduce travel time from the complex to anywhere in Sofia.

Near the complex there are hospitals, clinics, grocery stores, bank offices, gas stations, bus stops, restaurants and cafes, kindergartens and schools.

Slavia Stadium is also located in the Ovcha Kupel district.

Future and current infrastructure projects will make the Ovcha Kupel neighborhood an attractive place to live and will make it profitable for buying and renting real estate.