PROPERTY TYPE: BUSINES (1-BEDROOM APARTMENT, 2-BEDROOM APARTMENT, TWO-LEVEL PENTHOUSE, SHOP, COMMERCIAL PROPERTY, INVESTMENT PROPERTY, PARKING SPACE)
Location: Varna, Tsentralna poshta district, Varna region
Price: € 518 000
REF. #:  4398541 - VAR-88271
PROPERTY TYPE: BUSINES (1-BEDROOM APARTMENT, 2-BEDROOM APARTMENT, TWO-LEVEL PENTHOUSE, SHOP, COMMERCIAL PROPERTY, INVESTMENT PROPERTY, PARKING SPACE)
Location: Varna, Tsentralna poshta district, Varna region
Area: 403.60 sq.m
Floor: 0-7    Number of floors: 7
Bedrooms: 4
Bathrooms: 5
Price: € 518 000
Agency commission:
3% (VAT excl.)
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Business offer with real estate for investment in the center of Varna.

We present you 3 modernly furnished apartments, parking lots and a commercial property for sale as a set. The properties are part of a new building in a boutique building, in an area with an excellent location - next to the Botev Garden, Central Post Office.

The building has a modern architectural vision, controlled access and video intercom system.

Total selling price - € 630000. Total area of ​​the apartments and the shop - 403.60 sq.m.

There is an opportunity to acquire the shares of the company with a discount of 5% = € 600,000.

The investment proposal includes:
One bedroom apartment 80 m2, with elegant design - sale price € 130,000, with a monthly rent of € 320, with a contract until 15.8.2021.
Modern and stylish one-bedroom apartment of 63 m2 - sale price € 130,000, with a monthly rent of € 320, with a contract until 15.8.2021.
First-class two-bedroom penthouse of 176.62 m2 - with a sale price of € 230,000, with a one-year contract offered by a client and a monthly rent of € 1,200.
Shop or business premises, office of 69 m2 - with a sale price of € 80,000 and a minimum rent of € 500 / month.
Three yard parking spaces of € 20,000 = € 60,000, with a monthly rent of one parking space of € 100.
4.57% annual profit:
1. Rental income per month: 320 + 320 + 1200 + 500 + 200 = € 2540.
2. For 12 months or one year = € 2540 × 12 = € 30480.
3. € 30480 - 10% annual tax = € 27432 net profit.
Which makes an annual dividend interest rate of € 600,000 - 4.57%.

The building has a permit for use since 2019 and is characterized by high quality materials and modern technological solutions.

Location (approximate)