Info Pack

Commercial for sale, Sofia, Bulgaria

Price: € 1 680 000
Area: 1 600 m² / 17 216 ft ²

Property Description:

A Luxury Office building


Office Types
- Small offices from 25sq.m.
- Larger offices from 95 to 177sq.m.

Distance
- The development is on one of the main roads in the city with easy access to most of it
- City centre - less than 10 min easy drive
- Shops, Restaurants and Bars - 150m
- Sofia International Airport – 15 km

Finishing
- Terraces – steel railings
- Flooring – corridors in tiles, other rooms finished in laminate or tile as applicable
- Communal parts – staircases with metal railings, flooring in tiles, walls in rendering finish with latex paint
- Air-Conditioning and Heating will be provided by individual split-system units with remote control
- In the apartments – cable TV, Internet connection, landline phones
- In the building – elevator, security and video surveillance in each floor
- Façade – mineral rendering and glass
- Joinery – double - glaze joinery
- Doors – all entrance and internal doors
- Internal walls – painted with latex
- Fully equipped bathrooms
- Ceilings – suspended on latex paint

On-site facilities:
1. Reception area
2. 24 hour security (all year around)
3. Secure car parking area

Completion Date
The completion of the first project is scheduled to January, 2006

Payment Terms
- 10% Deposit
- 90% Due upon signing of the Title deed





Rental return
The average monthly rental in the same type office building in Sofia varies from EUR 10/sq.m to EUR 25/sq.m, it depends on the location, finishing, facilities, amenities in range, access to the city and competition. The actual rentable office space is 1267.41 square meters, the rest is underground parking and storage space.
- Worst case scenario – EUR 10/sq.m office and EUR 2.5/sq.m storage 9.65% annual return
- Middle case scenario - EUR 15/sq.m office and EUR 3/sq.m storage 14.29% annual return
- Excellent case scenario - EUR 20/sq.m office and EUR 3.5/sq.m storage 18.94% annual return
- Best case scenario - EUR 25/sq.m office and EUR 4/sq.m storage 23.58% annual return

Yield Data
- Rental return - Great potential because of the unique location
- Price comparison - Apartment developments in the region - price per sq.m
- Previous capital gains - Over the last 3 years 40% / 45% - the local media
- Predicted capital gains - Over the next 3 years 20% / 25% - the local media
- Exit opportunities - Resale
- Best investment period - 3 – 6 years

We do believe that the strategy of the perfectly designed interior incorporates professional approach and profound knowledge of the contemporary interior standards.
The appropriate furniture means not only style and comfort, but also a steady investment - it may be a great advantage if you are planning a long or short-term letting of your property - the elegant interior will make it preferable and will help you receive higher rental income and obtain repeat business.

At your convenience, BG Decor http://www.bgdecor.com/ provides exclusive furnishing packages, completed up to the highest standards and approved by all major tour operators for rental purposes.

• Exclusive lettings furnishing packages
• High quality furniture items
• An elegant design line and color solutions
• A wide selection of finishes and accessories available

• Garrage
• Cable/Satellite TV
• Water
• Electricity
• Sewage
• Landline