Excellent Investment Opportunity In The Heart Of Sofia - ID 3028

Property Status: Sold
District: Sofia
Price Euro: €592,000
Price GBP: £495,445
Price USD: $769,600
Category: Houses.
Area: 3 Floors And An Attic
Plot Size: 90m²
Extras: Electricity, Water, Telephone, Cable TV, Internet.
Location: In the capital Sofia, Near mountain, Near river, Near ski resort, Near spa resort, Near highway.
Published: Friday, November 23, 2007

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This is excellent investment opportunity: an old house in the one of the most desired parts of Sofia Center near Mall of Sofia. This place itself is a guarantee for secure and profitable investment.

You can have this massive easy to renovate building with 90 sq m yard and 420 sq m total built area distributed between three floors, mansard and a basement for the price of 592 000 Euro. The house can be renovated and resell as luxury offices or apartments. Prices there can reach 2 500 Euro/sq m for apartments and 3 000 Euro/sq m for office spaces.

Purchase price: 1 400 Euro/sq m

Renovation: 200 Euro/sq m

Possible selling price: 2 500 Euro/sq m

Profit of the investment: more than 64 %

This is a chance to invest in the right place in Bulgaria you should not miss. Such house can be just kept and resold lately for more money.

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