Embassy Suites, Sofia

Country

Bulgaria

Area

Sofia-city

Region

Stolichna

Town

Sofia

Embassy Suites in Sofia is a residential gated complex of 84 large one, two, three and penthouse apartments with Vitosha mountain views and very well located close to the junction of the southern ring road and Bulgaria Boulevard just a 10 minute drive from downtown.

Embassy Suites has set the standard for the rest to follow; inspired architectual design, landscaped green gardens and 24 hour security all from just €1,306 per m2 (inc VAT). All apartments have extra high 1.9m ceilings, floor to ceiling windows and ensuite bathrooms - this is very impressive luxury accommodation.

We believe this is exactly the type of accommodation which would be most desireable for expatriate residents. Most apartments enjoy a net area in excess of 112m2 and a typical three bedroom unit has a net area of 172m2. There are four Penthouse apartments for sale with net area between 169m2 and 203m2, and terrace areas from 104m2 to 116m2. These are probably the most exclusive properties for sale of their type in the whole of Sofia. Whilst exact rents depend on unit size, we expect a monthly rental income of over 1,000 euros per month for a one bedroom and over 1,300 euros per month for a two bedroom apartment giving a yield in excess of 8.0%. We expect strong rental demand from representatives of embassies, as well as company executives relocating from abroad. In addition, letting opportunities are expected to come from the office developments in the area including the new office space located in the same grounds as Embassy Suites, and completed at the same time. Contact us for more information on the Sofia rental market.

Finish Quality

It is the quality of design for living and the top materials that sets Embassy Suites apart from the rest. Every apartment has a large entrance hall with plenty of room for storage. Heating is by gas with thermostatically controlled radiatiors.

All apartments have a utility room ready for locating washing and drying machines along with further storage space. With the high ceilings, built in hot and cold air conditioning controllable from every room and ensuite bathrooms, these apartments are for investors who want to be secure in the knowledge they have invested in a genuine exclusive development of which there is no equal. Other important details include spacious underground car parking with automatic light sensors and large glass lifts serving the entrance areas of all apartments.

Spacious and wide stairways and entrance areas complete the whole feeling that makes Embassy Suites a very special place to live. Your investment is further protected by professional property management from Belle Vue Property Management who have extensive expertise in maintaining high quality buildings in Bulgaria.

Prices and Availability

Price per square metre is from €1,306 per m2 including VAT up to €1,452 per m2 inc VAT for the top floor Penthouse apartments. This is exceptional value for money and we therefore encourage investors to view this, and all our Sofia properties, in person. Please call us for details of our viewing trips, which are arranged at times to suit you.

Payment Plan

All units are Finished Act 15 and Act 16 issued.

€3,000 - Reservation Fee

40% - Preliminary Agreement within 21 days (less €3,000 reservation fee)

60% - Completion (30 days later)