Metalex Park II in Varna

Name: Metalex Park II
Brand: Metalexbuild
SKU: 11115
Availability: InStock

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Project info

Object ID: 11115

Finished at	June 2020
Price, m²	From 1200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	6
Apartments	18
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

36,000$

Net profit

5,906$

Payback period

4.4 years

Avg property value increase per year

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About the project

METALEX Park II will be located next to the newly built park on the Mladost square. The place is quiet and calm, but at the same time very communicative, as there are a clinic, a kindergarten, schools and shopping centers nearby. The building will be located next to one of the main boulevards of the city - Slivica Boulevard, which provides quick access to all areas of the city.

Developer

Metalex Build Ltd. is a construction company with many years of professional experience. The main activity of the company is construction, …
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