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Cherkovna Apartments City centre apartments, well located in Doctors Garden, Sofia. This is an ideal property for sale in Bulgaria.
Cherkovna Apartments is situated in the prestigious Doctor's Garden region of the growing capital city of Sofia. It is another excellent city centre property investment opportunity brought to you exclusively by The Right Move Abroad. The building has been designed with the business professional in mind and the location could not be much better. If you are looking for a city centre investment and you are looking to maximize your returns in terms of rental, then this is the investment for you.
The supply-demand considerations favour investment in this residential development much more compared to the mass of developments in the outskirts of the city as most of the expatriates in Sofia start by residing as close to the centre as possible. There are two beautiful and famous parks nearby, Doctor's Garden and Park Zaimov. It is easy to walk to the city centre from the development, and therefore, good transport connections.
The design of this development was awarded to a well known Bulgarian architectural company. The building has a modern architecture and at the same time blends in with the buildings around it. The building is a concrete/glass construction. It was designed to withstand earthquakes of up to the point nine on the earthquake scale. The top of the facade of the building is glass, which makes the construction appear lighter and gives the building a modern look. Location The area of Oborishte Street (also known as Doctor's Garden) is widely known as the Diplomatic part of Sofia centre. Most of the embassies are located here. It is the area with the highest rents and is liked by most expatriates as the area which is quiet and residential and still within walking distance from all major attractions of Sofia. There is no supply of new high quality buildings in the area with the exception of a handful of small developments selling at a price of 2,000-2,200 Euro/sqm. Which, in our opinion, restricts the buyers potential for significant capital appreciation. Cherkovna Apartments are priced at €1,320 per sqm, which is extremely well priced for this area considering the huge potential for high rental income. Facilities And Maintenance The maintenance will be charged at €1,200 per year and will include:
• 24/7 security of the building with a doorman.
• On-Site Maintenance Manager (to carry out small repairs and be responsible for outsourcing major work if required).
• Cleaner. Payment Terms The Right Move Abroad have a refundable reservation fee policy which enables you to hold an apartment for up to 30 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first instalment. The Right Move Abroad will only retain 10% of your reservation fee (as an administration fee) if you wish to withdraw your reservation within this initial 30 day period.
We will accept verbal reservations which are valid for 72 hours.
The refundable reservation fee is €3,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first instalment. After 30 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.
FIRST INSTALMENT - 30% upon signing the Preliminary Contract of Sale within 30 days of making your reservation.
SECOND INSTALMENT - 40% upon completion of the roof level of the apartment building.
FINAL INSTALMENT - 30% upon issue of Act 16 (completion) and signing the notary deed. Property Management There are a large number of property management companies operating in Sofia. Should you need any assistance finding a suitable company, we will help you through our local Sofia office.
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