£ 908 / $ 1 135 / € 1 029 sq. m)
Distance: airport - 3 km, from bus stop - 180 m, main street - 200 m, underground station - 400 m
Total size: 119.52 sq.m (actual size + common parts)
Built-up area:: 94 sq.m
Floor: 2 (1st floor above shops)
Construction type: brick
Year of construction: 2010
Stage of construction: permission to use
Heating: Central heating
Exposure: east, west
Joinery: Three-chamber PVC casement windows
As the name of the complex suggest all three sections are situated in close proximity to the Tsarigradsko shose Blvd - one of the main road leading out of Sofia. Near the International Exhibition Center, The Expo hotel, The Toyota center, across the The Metro Cash & Carry store.
The future residential neighborhood is divided into three parts each of them with different date of release. The first one will be completed in the summer of 2007, the second in the summer of 2008. The construction work of the third one will start in the spring of 2007 and will be completed in the autumn of 2009. The complex is with independent infrastructure and utility services. The future inhabitants will benefit from large, green areas, children's playgrounds and areas for rest and recreation. The investments in the project are more than 45 milion euro. Until the autumn of 2009 there will be 1300 apartments , 3100 sq.m - office area and more than 160 commercial areas situated on the 160 000 sq.m built up area.
The apartments will be finished as follows: plastered walls and cemented floors, gypsum board on walls, fitted radiators and power substantion for central heating.
Disposition: An entrance-hall /10.34 sq.m/, living room /16.23 sq.m/, separate dining area with a kitchen box /13.40 sq.m/, two bedrooms /12.21 sq.m and 12.56 sq.m/, a bathroom together with a WC /3.78 sq.m/, separate WC /1.39 sq.m/, two terraces /2.05 sq.m and 7.80 sq.m/, a closet 2.34 sq.m/. Another terrace /18 sq.m/
Finishing works: Plasterd walls, mounted entrance door, MDF interior doors, mounted radiators, equipped subscriber station, mounted jacuzzi.
There is a possibility of buying an underground garage.
The agency charges EUR 400/ VAT excluded/ for attendance at the transaction.
You can rely on a Mortgage Loan from a Bulgarian bank that will finance your purchase, even if your income originates from another country. Mirela Real Estate agency has a partnership with leading Bulgarian Banks based on a licensed contract, by the force of which we represent them, a sign of respect and trust. Our credit specialists offer consulting services to our foreign clients and this service is free.
Here are the main characteristics of a standard mortgage loan in Bulgaria are, as stated by two of the leading banks in the country - United Bulgarian Band and First Investment Bank.
UBB - United Bulgarian Bank
The client segments are the citizens of the European Union, USA and Canada. The minimum amount of the credit is Eur 7500, the maximum is Eur 250 000 for a period of up to 20 years. A person must be at least 23 years old to be considered eligible and the age plus the loan period shouldn't exceed 65 years. For the first year the interest rate is 1.5% or 5.9% for the first 3 years. There is a standard interest rate for the rest of the loan period which is 6.5%. The bank has an application fee of BGN 20 and an administration fee of 0.5%. The prepayment fee is 5%.
First Investment bank
Every able local or foreign citizen is considered an eligible borrower. However, if the acquired property is a plot, a local citizen should acquire a property. There are no limits concerning the maximum loan amount. The maximum term is 240 months with a loan purpose - acquisition of a real estate.
There is an option of a period when the borrower pays only interest which may be up to 12, 24 or 36 months. After it equal monthly installments during the loan term are paid. In case of overdue payments the bank charges a penalty interest rate. The application fee is Eur 50 and the management fee is 2%. You can read more on the fees and charges on their website. The applicant's income should be 1.50 times the monthly installments. The minimum income that should remain per member of the household is 500 Eur for adults and 250 Eur for children.
The term for approving the application is usually up to 2 days.
It is easy with us
We, Mirela Real Estate Agency always strive at making the process of finding and buying property as easy as possible for our clients, that is why we offer a number of services, some of which are directed especially to our foreign clients. If you are a foreigner and wish to buy or rent property, you shouldn't miss the opportunity of having full use of the services by our teams of professionals in the sphere of real estate. They will provide you with helpful service, taking into consideration all the details, as well as legal assistance during the whole process of buying or renting property in Bulgaria. This includes solicitor's assistance, full checks of the approved property for encumbrances /mortgages, restraints, statements of claims, established real rights/, preparing all relevant and necessary contracts and paperwork. We are also ready to organize your welcome and stay in Bulgaria, as well as accommodation in a hotel of your own choice, visiting the properties that may interest you, together with a real estate broker and a translator and arranging transportation. You may need advice after the purchase as well ? we are there to help. We can also provide quality building and refurbishing works (organization of the inner reconstruction and repair of the bought property) - in case you decide your property needs some finishing touches.We also organize preparation of a designer's conception for the overall finishing of the property.
1. The listed price does not include the commission remuneration of Mirela and the state costs for the transaction (local tax, notary fee and taxes to Registry Agency, which ( tax and fees) amount to about 3% of property value.
2. Our usual remuneration, which you owe when you purchase property is 3 % of the property sale price, not less than EUR 1,000.
For consultation on calculating transaction costs, you can contact a lawyer of Mirela LTD at +359 2 9812345 from 09:00 to 18:00 on work days.
3. In order to organize a property viewing you should conclude an Assignation order with Mirela. You can submit that order and online.
4. There is a possibility this property to be with No commission for the buyer or to have other preferential conditions for payment of the remuneration - ask the agent of the offer.
5. Under the conditions of the concluded Assignation order you are entitled of additional discounts.
6. The remuneration shall be paid within 5 days after the implementation of the transaction. This payment can be in cash or in the means of bank transfer to Mirela's bank account.
7. You owe a remuneration only if you purchase that property - you do not owe anything in advance.
8. You can give a guarantee of your intention to purchase the property and to place in advance the conditions under which You will make a deal. If we do not manage to negotiate the same conditions, we will refund the guarantee.
9. The negotiations on the deal are made, through the mediation of Mirela. The draw up of documents for the transaction is carried out by Mirela, unless you are willing to use your own solicitors.
10. You can sign a preliminary contract for purchase- sale of the property, leaving the seller a DOWN PAYMENT or go directly to signing the final contract (notary deed) - we will offer You options and our opinion on this issue, but the decision is yours and we comply with it.
11. If after a concluded with our mediation purchase-sale contract, a final contract for purchase sale is not concluded through the Seller's fault, MIRELA obliges to search another property, as You do not owe an additional remuneration for following implemented deal.
12. To avoid misunderstandings, you will be notified by e-mail and SMS through all stages of the transaction.
13. You have a guaranteed possibility to share your impressions of the service and to level criticism or recommendation directly to the management of Mirela.14. For deals worth over 10 000 BGN, it's obligatory the provision of guarantee and payment of amounts of the sale price of the property to be made in the means of bank transfer.
We work in an open, accountable way, with clear rules.
Do not hesitate to send all your questions to the agent who is in charge with the offering of the property.
We will be glad to have You as our client!
Possible rent: € 450Our managers have estimated this figure as your monthly rent in case you pruchase the property and let it out
Profit for year: 4.39%Return on investment in this property (yearly) with rentals. In comparison, interest on bank deposits in BG- average 0.5%