Members of the British Bulgarian Chamber Of Commerce Reg number BBCC516
The Belgravia, Sofia, Bulgaria
Payment Plan
- 1,500 Euros on reservation - This fee is refundable within 7 days.
- 35% on exchange of contracts within 21 days (less reservation fee).
- 30% on block completion, expected August 2008.
- 30% on completion of construction, expected August 2009.
- 5% on total completion and notary transfer.
- Mortgages available up to 65% LTV.
Rental and management
Developing a robust investment product is not just about finding growth markets and ensuring quality of build, it is about creating apartments and an environment that appeals locally, in an area where rental occupancy is high.
The target rental markets for The Belgravia are local business professionals, diplomatic staff, university professionals and overseas undergraduates and postgraduates. There will be a dedicated onsite rental and management team, who will act exclusively for investors in The Belgravia apartments. This company will actively promote the apartments to the target rental market.
It is a luxury complex and demand is anticipated to be high, therefore a premium will be charged to tenants. We anticipate a return from between 6% and 8% of purchase price. Investors will be charged 10% of rental income for this service. The annual maintenance and service charge will be 8 euros per square metre.
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‘I have been impressed by the professional approach of Emerging Real Estate and would have no hesitation in recommending them to anyone wishing to purchase in Bansko.’
Dr Richard A Stacey
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