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1 bedroom New Development in Bulgaria
The Jelznik development is an attractive off plan project located in the town of Stara Zagora. Stara Zagora is one of the largest towns in Bulgaria with 300,000 inhabitants. The rate of employment is high amongst the population due to a large number of industries located in this region. The town has excellent transport links, including a motorway to Sofia. Òhere is a huge demand in the domestic market for properties in this area. This development offers the opportunity to purchase residential property in a popular, new residential area of Stara Zagora with similar apartment buildings and located close to large supermarkets and shops. The apartments are an excellent rental opportunity as there is the scope for year round rentals with the estimated yield for apartments such as these between 10 -14%. The building comprises of 23 one- and two bedroom apartments allocated over five floors. Each apartment has a parking space or a garage and has an allocated cellar on the ground floor. The apartments are finished to a high specification and each apartment offers at least one balcony; all apartments are either south-east or west facing. The apartments are competitive in price- 450 euros per sq.m with one bedroom apartments starting from £18906 and two bedroom apartments from £27844. This is an excellent opportunity to invest in a buy- to- let development which also offers capital growth at an extremely competitive price. The development is due for completion in April 2009. Payment Schedule 30% upon signing a preliminary contract 30% due 1 January 2008 30% due 1 August 2008 10% upon completion April 2009 Apartment 1 97.87 450 € 44,042 £30,373 one bed Apartment 2 83.13 450 € 37,409 £25,799 one bed Apartment 3 111.85 450 € 50,333 £34,712 two bed Apartment 4 89.72 450 € 40,374 £27,844 two bed Apartment 5 82.54 450 € 37,143 £25,616 one bed Apartment 6 96.96 450 € 43,632 £30,091 one bed Apartment 7 83.56 450 € 37,602 £25,932 one bed Apartment 8 111.70 450 € 50,265 £34,666 two bed Apartment 9 101.99 450 € 45,896 £31,652 two bed Apartment 10 87.68 450 € 39,456 £27,211 one bed Apartment 11 90.99 450 € 40,946 £28,238 one bed Apartment 12 82.63 450 € 37,184 £25,644 one bed Apartment 13 98.55 450 € 44,348 £30,584 two bed Apartment 14 101.04 450 € 45,468 £31,357 two bed Apartment 15 87.36 450 € 39,312 £27,112 one bed Apartment 16 115.42 450 € 51,939 £35,820 two bed Apartment 17 50.31 450 € 22,640 £15,613 studio Apartment 18 89.72 450 € 40,374 £27,844 two bed Apartment 19 101.73 450 € 45,779 £31,571 two bed Apartment 20 89.72 450 € 40,374 £27,844 one bed Apartment 21 97.97 450 € 44,087 £30,404 one bed Apartment 22 60.92 450 € 27,414 £18,906 one bed Apartment 23 119.62 450 € 53,829 £37,123 two bed Garage 1 20.94 450 € 9,423 £6,499 Garage 2 19.58 450 € 8,811 £6,077 Garage 3 19.51 450 € 8,780 £6,055 Garage 4 20.83 450 € 9,374 £6,464 Garage 5 20.44 450 € 9,198 £6,343 Garage 6 21.67 450 € 9,752 £6,725 Garage 7 24.29 450 € 10,931 £7,538 Garage 8 22.95 450 € 10,328 £7,122 Garage 9 27.07 450 € 12,182 £8,401 Garage 10 36.55 450 € 16,448 £11,343
