Development Information

This development consists of the following types of property

• Apartment: 127

Building Schedule

• Completion: October 2008
  

Facilities

Facilities focused on the business professional (targeted tenant population) will be available:

• Outdoor heated pool and seperate children’s pool for patrons’ use all year round
• Fitness centre with sauna
• Children’s play area
• Communal BBQ area
• Controlled access underground garages (1 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 and kitchen
• Private Balconies with views of city and mountains
• Broadband connection, cable TV
• Central controlled air-conditioning system throughout the apartments
• Gas central heating
• On site property management
• Car wash bay at the underground parking

Location

The Vitosha District 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.

Map

payment plan

• Reservation: €1,500
  
• Deposit: 35%
• Completion: 65%
  

Rental Opportunity

Mount View 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 : 5 minutes drive
» Excellent access to Central Sofia: 10 minutes drive
» Vitosha Ski Field gondola is 7 minutes away
» Easy access to the airport: 7 minutes
» Close to Sofia Zoo and Hunter Park

At the heart of the Mount View concept is the sound rental potential that forms its foundation and the development is ideally positioned for 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.

The ring road is currently being expanded to four lanes and will be finished by the end of 2008, considerably reducing the travel time to the Sofia Business Park.

Why invest in Sofia property?

» The economy of Sofia is booming with unemployment at just 3%.
» The population has doubled in the last five years.
» Fastest rising property market in Europe.
» Capital appreciation of up to 30% p.a.
» 20% increase in Sofia Airport passenger numbers in 2005.
» Second terminal now to increase capacity to 2.6 million per year.
» Direct flights to/from all major european capitals.
» All year round rental market.
» EU membership and the increasing importance of Bulgaria has meant an influx of diplomatic staff and multinational companies to the city.
» International companies including Shell, Microsoft, Google, Hewlett Packard, Nestle, Porsche, Deutsche Bank, GE Capital, Ernst & Young, Citibank, Coca Cola, Nokia and Siemens have all recently set up offices in Sofia, showing the confidence these companies have in the region.

Sofia is home to 1.3 million of Bulgaria’s 7.5 million population. Due to the exceptional growth of the city, demand for housing is healthy. The last year has seen capital appreciation averaging 22% per annum in Sofia, yet real estate prices are still among of the lowest in Europe.

With the prospect of full EU membership scheduled for January 2007, Bulgaria has become one of Europe’s fastest-growing markets. The capital city of Sofia has experienced explosive property price appreciation in the past 12-18 months as foreigners are increasingly attracted to the city.

Business Park Sofia is the fastest growing area in Sofia and the property is recommended for at least 3 to 5 years of ownership before resale. When the Business Park is completed the value of residential property within easy reach of these attractions, will increase significantly.

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