Sofia in Bulgaria is a rapidly growing city, with a large number of multinational companies.The properties are 2 – 4 bedroom, high specification houses, fully-furnished in popular suburbs of Sofia.
August 28, 2006 (Press Release) --
LONDON (29 August, 2006) – Hot Properties Worldwide announced today they have added their first property in Bulgaria to their portfolio. “One of the most frequent requests we get from buyers is for deals where they can get high levels of borrowing. However, one of the disadvantages when investing overseas with a view to Buy to Let is that, normally, you are required to put down a minimum deposit of 30 per cent. This deal in an emerging market offers up to 100 per cent non-status finance.” says John Hagelin, Director of Hot Properties Worldwide. In addition to 100 per cent non-status finance, houses are pre-let to corporate tenants at approx. 10 per cent yield per annum.
The Developer will only be building brand new two-, three- and four-bedroom, detached, high-specification, freehold houses for sale in popular suburbs of Sofia. The main reason is clear – there is a large demand for houses available for rental to corporate clients engaging in business in preparation for the entry of Bulgaria to the EU (2007) and beyond. At present, there are just not enough rental properties of a suitable standard available. 2- bedroom houses from only €95,000.
Key Attractions of This Property Opportunity
• 100% non-status finance available, which gives buyers the option of a low risk investment in the Buy to Let market.
• The houses will be let upon completion to waiting corporate tenants on a 12-month renewable contract. Gross yields will be approximately 10 per cent per annum.
• The development consists of two-, three- and four- bedroom, detached, high specification, fully-furnished houses with private gardens and garage.
• While the apartment market has plenty of supply in Sofia, the supply of high-quality houses is very low, and demand from locals and the rental market far outweigh this.
• The houses are sold with freehold ownership
The Development
The development will have two-, three- and four-bedooms detached houses, and they will be built and finished to a European standard. The houses’ floor sizes range from 95m˛ to 210m˛, while plot sizes range from 290 to 400m˛. They come with private gardens as well as parking spaces. The houses are sold fully-furnished including e.g. furniture, linen, crockery, and bedding. The villas are sold with freehold ownership, and are located in the suburbs of Sofia.
Prices start from €95,000 up to €210,000 (at today’s value).
“This development gives the opportunity to buy a new-built managed ‘turnkey’ property. As an extra bonus, houses are pre-let with corporate tenants paying approx. a 10 per cent yield. With many buyers keen to buy multiple units, we expect this opportunity to be snapped up very quickly – after all, it’s not every day a deal like this comes along.” says John Hagelin.
To request the invaluable 18-page Information Pack on The Bulgaria project, email info@hotpropertiesworldwide.com or call
+44 (0)20 7095 8700, or visit
www.HotPropertiesWorldwide.com
The Developer will only be building brand new two-, three- and four-bedroom, detached, high-specification, freehold houses for sale in popular suburbs of Sofia. The main reason is clear – there is a large demand for houses available for rental to corporate clients engaging in business in preparation for the entry of Bulgaria to the EU (2007) and beyond. At present, there are just not enough rental properties of a suitable standard available. 2- bedroom houses from only €95,000.
Key Attractions of This Property Opportunity
• 100% non-status finance available, which gives buyers the option of a low risk investment in the Buy to Let market.
• The houses will be let upon completion to waiting corporate tenants on a 12-month renewable contract. Gross yields will be approximately 10 per cent per annum.
• The development consists of two-, three- and four- bedroom, detached, high specification, fully-furnished houses with private gardens and garage.
• While the apartment market has plenty of supply in Sofia, the supply of high-quality houses is very low, and demand from locals and the rental market far outweigh this.
• The houses are sold with freehold ownership
The Development
The development will have two-, three- and four-bedooms detached houses, and they will be built and finished to a European standard. The houses’ floor sizes range from 95m˛ to 210m˛, while plot sizes range from 290 to 400m˛. They come with private gardens as well as parking spaces. The houses are sold fully-furnished including e.g. furniture, linen, crockery, and bedding. The villas are sold with freehold ownership, and are located in the suburbs of Sofia.
Prices start from €95,000 up to €210,000 (at today’s value).
“This development gives the opportunity to buy a new-built managed ‘turnkey’ property. As an extra bonus, houses are pre-let with corporate tenants paying approx. a 10 per cent yield. With many buyers keen to buy multiple units, we expect this opportunity to be snapped up very quickly – after all, it’s not every day a deal like this comes along.” says John Hagelin.
To request the invaluable 18-page Information Pack on The Bulgaria project, email info@hotpropertiesworldwide.com or call
+44 (0)20 7095 8700, or visit
www.HotPropertiesWorldwide.com
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