SOLD OUT Residential building in the sea capital of Bulgaria
Total number of units
- Total number of units by type:: 69
- Number of available units by type:: 7 (10%)
Complex/building features
- Sizes of units 41 sq.m - 145 sq.m
- Total unfolded area of the building/s 5416 sq.m
- Total area/size of the building/complex plot 2500 sq.m
- Total number of units 69
- Total number of parking spaces 63
- Total floors 9
Distances
Rental income features
- Rental demand in the area Long-term rental,Moderate
- Who will rent Local people,Young professionals
- Unit finishing in order to rent Unfurnished
- Ability to terminate rental agreement Easy
- Rental management Local estate agency
- Annual rental income 4% (estimated)
Taxation
- Capital gains tax/profit tax on resale 10%
- Tax on rental income 10%
- Inheritance tax 0%
- Tax return management Accountant
Exit strategy
- Resale Possible after completion
- Easy exit High demand - very easy
- Resale management/consultant Local estate agent , Stonehard
- Who will buy Foreign buyers, Local people
*Please note that exit or resale of property depends on market conditions.
Unit/apartment features
- Finishing Bulgarian standard
- Furnishing Unfurnished
Facilities in the complex/building
- Communal Garage, Garden, Information, Outdoor parking lot
- Recreational Children's playground
Additional purchasing costs
- Total additional costs Approx. 5% of the price
*These are the total additional costs that Buyer must pay on top of the purchase price. These include notary fees, stamp duty/local tax, solicitor's fees and may also include other costs that are typical for the country where the property is located.
These additional costs include the following, among others:
- Notary fees 3% of the price
- Stamp duty 2% of the price
- Lawyer fees 150 ˆ
Capital appreciation (p.a.)
- Expected price increase of the property* 3-4% per year (estimated)
*Quote is based on historic facts, market analysis and monitoring of local trends on the market.
*Resale price is fully depending on market conditions. Resale price is not guaranteed.
Ongoing costs and aftersale charges
- Management fee and looking after property Not obligatory, 20% of the rental income
- Keyholding Not obligatory, TBA
- Accountant Not obligatory,