The complex is a truly elite development of luxury apartments, combining the most up-to-date construction technologies with a multitude of services and equipment to offer Sofia’s most exciting investment opportunity.
The development is located in the Vitosha District which is in the more affluent south of the city and is considered to be a middle to upper-class suburb, attracting many residential buyers on the back of its accessibility to the city centre. In a city that boasts exceptional parks and gardens, Vitosha is bordered by the Vitosha National Park and the popular Loven Park. Because of its proximity to the ski slopes, Vitosha has begun to develop into a thriving area with many of Sofia’s middle class seeing the location as an excellent base from which to operate a leisure and work life balance.
The developer of the complex has strived to create a truly international standard of style and finish, by sourcing design experts from the UK and incorporating years of experience into the architecture and landscaping. This can be seen by the high specification of finishing and technology proof living for the future.
All the apartment prices are Inclusive of 20% VAT with the full value declared on the Notary Deed.
The main partner in co - financing the project is Salamanca Capital UK. Salamanca specialises in the funding of developments across all property sectors, including joint venturing with developers, where appropriate.
The development is ideally positioned for year round rentals from both the expanding expat market as well as the professional domestic market.
- Strategic location to Business Park Sofia
- Excellent access to Central Sofia - 10 minute drive
- Vitosha Ski Field gondola is 7 minutes away
- Easy access to the airport
- Close to Sofia Zoo and Hunter Park
Facilities:
- Facilities focused on the business professional
- Outdoor heated swimming pool and seperate children's pool for patrons’ use all year round
- Fitness Centre with Sauna
- Children's Play Area
- Controlled access underground garages (a minimum of one garage allocated to each apartment)
- Additional free storage between 4 & 6 sq.m. located adjacent to each apartments allocated undergroung car parking garage
- Lifts to all floors including direct access to underground car park
- Private gated complex with 24-hour security service
- Luxury finish including fully furnished bathrooms
- Private Balconies with views of city and mountains
- Broadband internet connection
- Central controlled air-conditioning system supplying air conditioning throughout the apartments without the need for a standard localised unit on balcony
- Gas central heating
- On site property management
- Car wash bay at the underground parking
Rental Opportunity:
At the heart of the complex concept is the sound rental potential that forms its foundation and the development is ideally positioned for all year round rentals from both the expanding expat market as well as the professional domestic market.
Considerable rental uptake is anticipated from the nearby Sofia Business Park as spacious accommodation of this quality on long term leases is currently at a premium. With such demand for high-end and techologically proof properties this will place clients in the best possible position to maximise returns.
Payment Plan :
Payment terms are designed to attract investors with just 35% deposit and balance due upon completion.
- £1020 (1500 Euros) non refundable reservation fee
- 35% on signing of preliminary contract (within 28 days of reserving)
- 65% on completion (expected June 2008)
This payment structure allows the buyer of the property to apply for a loan for the last installment of 65%. Most of the banks that grant loans to foreign citizens for buying property in Bulgaria require Certificate of Use, which guarantees the entire completion of the Complex and putting it into operation.
Maintenance:
Maintenance Services will be provided for 8 Euros per sq.m. and will cover 24 hours security, maintenance of the building, incl. electricity and water systems and roof, cleaning public areas, gardening, payrolls of staff.
Finishing:
1. Type of building - solid, with central heating and hot water supply, with heat-insulated columns, concrete (floor) slabs and external walls, with guaranteed quality of the materials in accordance with the Bulgarian State Standard.
2. This is a general specification, details of installations and interior design will be prepared by London Sofia Property. The project will be delivered to a luxury standard to the following or better quality specification:
Building:
Construction type |
Monolithic |
Structure |
Reinforced concrete no frame |
Structural height between floors |
2.85m |
Clearance height in apartments |
2.60m |
Roof |
Flat, hydro-insulated, soundproofed |
Façade walls |
Ventilated thermo-façade, frost-moisture- and UV-resistant |
Side/Inner walls |
Thermo-insulating tiles, textile mesh, finishing structural paint |
Stairs and landings |
Fully finished, tiled |
Apartments:
Electricity, Water, Sewerage, Heating and Ventilation and Communications |
Heating, Ventilation, Water and Sewerage are with PVC pipes, and Heating and Ventilation is with Collection box. Cable TV with video-on-demand possibilities in each room; ISDN internet in apartments; telephone outlets in rooms. |
Lounge: |
Walls: Plaster and latex paint finish
Ceilings: Plaster and latex paint finish
Floors: Cement with sound insulation underneath
Floor coverings: Timber flooring |
Bedrooms: |
Walls: Plaster and latex paint
Ceilings: Plaster and latex paint
Floors: Cement with sound insulation underneath
Floor coverings: underlay and carpet. |
Kitchen and Dining Room |
Walls and Ceilings: Plaster and latex paint finish
Floors: Cement with sound insulation underneath
Floor coverings: Timber flooring, terracotta
Kitchen: Fitted kitchen with sink and hardware, All kitchens will come equipped with white goods including: dishwasher, refridgerator, stove top, range, and oven. |
Balconies: |
According to project, weatherproof outdoor tiles with hydro-insulation, inox handrails and glazing |
Corridors: |
Walls and Ceilings: Plaster and paint
Floor: Cement with sound insulation underneath
Floor coverings: granite or marble tiles |
Bathroom and WC: |
Ceilings: Whitewash/Limestone
Floors: Cement with terracotta tiles
Walls: Whitewash/Limestone, and tiled.
Bathroom fittings: Toilets, sinks, taps, bath and shower. |
Internal Masonry:
Light Fittings |
Agreed with the CONTRACTOR up to 20 days, after the concrete floor slab of the ceiling of the apartment is finished
Down lights throughout the apartment. All light fittings and switches will be supplied. |
Doors: |
Front door: triple lock, adjustable steel-plated door
Interior doors: Standard flush panel door with hardware. |
Windows: |
PVC, five-chamber glazing German standard window panes, opening as per project ( one window in every room with two stage opening) , internal sills |
Heaters and air conditioning: |
Panel, aluminum heaters with thermostats, centrally located air conditioning units or combination units. |
Stairwells and landings and garages:
Floors: |
Waterproof tiles or marble tiles |
Walls and Ceiling: |
Latex paint |
Lift: |
OTIS or equivalent technology brand; EU standards compliant; safety features, incl. “get down & door open” in case of incident or power cut; no LMR |
Garage Cell: |
Automatic Doors for underground parking spaces |
Door |
Metal Rolling Door |
Floor |
Concrete floor |
Walls and Ceilings |
Whitewash/limestone |
Storages and systems:
Floors: |
Concrete |
Walls and Ceiling: |
Render |
Door |
provided |
Security system |
Manned 24 hour security; video cameras; video-phone gate unlocking system for visitor access to each block. |
Fire-alarm system |
Press-button system in landing area, connected with security; automatic fire-detection and alarm system in underground garage areas. |
Installations:
Electricity – equipped with two-rate meters, Water and Sewerage- equipped with water meters for hot and cold water, heating, telephone cables, doorbell, and intercom, aerial wiring according to the Bulgarian State Standard, all internal and communication wiring supplied with permissions for use.
Price-List |