Bulgarian Properties
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Lyulin Suites: а place to call home |
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| Property: Apartment for sale in SOFIA |
| Area: 38 sq.m. |
Airport: 11 km |
| Bedrooms: 1 |
Garden: read text |
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PRICE:
€ 31,096 |
USD: $ 46,454 |
| GBP: £ 23,772 |
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| Basic location: In town. In vacation place. Near mountain. Near ski resort. In historic place |
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 Lyulin Suites is a fascinating blend of contemporary architecture, environmental beauty and incredible peacefulness, all elements that imbue these modern, family style dwellings with a unique appeal. The air, privacy and spacious interiors secure an atmosphere of relaxation, comfort and well-being after a long day at work. Lyulin Suites comprises of two buildings with a limited availability of only 26 apartments and three final completion options, dependant on the buyer's wishes. Additional units available include offices and shops, as well as underground parking lots. The development is situated on a small street, in the best part of "Lyulin", the largest residential district in Sofia. Close by there is an underground Metro station (just 2 minutes walk away), bus services, and a direct main boulevard to the city centre. Additionally there are excellent opportunities for shopping in the BILLA Supermarket and Technomarket (large shopping centre for household appliances), which are only 2 minutes walk away. Other useful amenities include various schools, kindergartens, medical centers, shops, restaurants and cafes, as well as play areas for children, making the area ideal for raising a family. The centre of Sofia is less than ten minutes away by the underground Metro line. Taking all these factors into account, this residential area is one of the most prefereable in the Capital by young couples, families and young proffessionals. Lyulin District is well developed, clean, full of local amenities and represents low level of crime. These are the main reasons for the high demand of new homes here. Lyulin has a lot of potential for property price rise and investment in the area would be worthwhile.
Completion Schedule
The construction of the complex is planned to start in August/September 2008.
All apartments and the whole residential complex will be completed by May 2010.
The location
Located in one of the largest residential districts in Sofia, Lyulin Suites enjoys a strategic position only two minutes slow walk from Billa supermarket and Technomarket shopping centre. The area has excellent infrastructure and is preferred by families with children and young professionals. The district is well-served by a metro underground line, which provides fast, regular and easy access to the city centre. In the opposite direction, are the ring road and the beautiful town and balneology resort of Bankya which is perfect for weekend trips, spa treatments and relaxation. As a result of these reasons, we think any investment in the area today will increase significantly its value in the future years.
We should also consider the fact that Sofia city is developing fast, offering new opportunities to all those people who are ready to learn, work and invest. We are now happy to see the city changing and getting a new face, modern, provocative, cleaner. The shopping zones are now many and offer a much wider variety than before, the gourmet areas are increasing serving delicious meals and excellent wine lists, and the nightlife is more vibrant than ever.
Why invest in Lyulin Suites?
The property market in the Bulgarian capital Sofia is very dynamic and has all the preconditions for good investments and great returns. We find purchasing a property in Lyulin Suites appealing and worth it, due to several factors:
Exclusive building: Modern architecture and spacious apartments with remarkable layouts. Designed by award wining architects.
Reputable developer: The developing company "Chobanov & Stoyanov" has more than fifteen completed holiday and residential buildings in their portfolio, situated along the coastal area and Bansko ski resort. The company is known locally for high quality, meeting deadlines and keeping the promises.
Right type of property: Lyulin Suites is a fine example of a residential city property, where the demand of local buyers is constant and high. The demand for high quality newly built residential properties remains strong. The access to mortgages has never been easier in Bulgaria.
Great residential location: In a quiet residential district which is relatively close to the city centre (10 minutes by metro), a large supermarket, schools and plenty of local amenities.
Great rental returns: Suitable for long-term luxury lets, these apartments meet the requirements of tenants looking for a high-specification property rental. Your apartment will earn good money, until you decide to re-sell.
Full set of property management services: Lyulin Suites will benefit from all maintenance, management and letting services provided by a dedicated team of professionals from the leading company PropertyManagement.BG.
Standard of Apartments
Lyulin Suites will be traditionally constructed using the most modern building materials and techniques to create energy efficient homes that are easy to maintain. The common parts of the building will be completely finished, with color painted walls and tiled floors. There will be:
color silicone fa็ade
transparent, decorative netlike fences on the terraces, in silver color
good quality elevator with automatic doors which will also go to the underground level
central heating with aluminum radiators
photo cells with movement sensors
garden and fa็ade lighting
beautiful tracery fence
landscaping of the zone around the complex with grass, greenery and flowers
the offices in building B have separate entrance from the residential part
underground parking spaces, accessed by the elevator
The apartments will be created according to the "Bulgarian Completion Standard". This term describes the usual finish that most of the newly built residential properties in Bulgaria have when completed. The extras will include:
good quality MDF front doors included in the price, plywood interior doors
control access with intercom system and opening of the door
central heating system and aluminum radiators included in the price and installed in the apartments
plastered walls and concrete floors. Agains extra payment, there is possibility for completion and choice from a collection of tiles, laminate, colors of the latex paint (look below at price "Fully Finished") and possibility for full furnishing package (look below at price "Fully Furnished"). Another options is all materials to be chosen and bought by the owner and the developer can perform the completion upon an invoice.
UPVC white joinery with high-quality profile
installations for telephone landlines, cable television and internet connection
water-meter and electro-meters included in the price
heat-flow gauges not included in the price, but available for installation upon request by the owners against additional sum
In Bulgaria most of the buyers of residential properties, prefer to buy their new property completed to this standard (not-painted walls, unfinished bathrooms - no tiles, no accessories, no lighting), because they have the complete freedom to design and finish their property exactly as they wish, and within their budget. We believe that purchasing a residential property completed to "Bulgarian Completion Standard" is the best option both for property investors and for buyers intending to live here permanently. For the investors it is a flexible way to acquire a property on the minimum possible price, keep it for some time after the building is completed, and then re-sell in the same condition (Bulgarian Completion Standard) with profit. The buyer of your re-sell property would be usually a person who will live there, so he/she will have the opportunity to choose all the finishing materials and design. Read more about the "Bulgarian Completion Standard"
The developer can offer full finishing and furnishing of the apartments upon request and against additional payment (check the price list).
Buyers who are interested in letting their property should perform full completion works and furnish it to a good specification. We recommend buying on the "Fully finished and furnished" option, as the apartment will have the necessarry optimal standard for successful and profitable letting.
 Furnishing
The apartments are offered for sale unfurnished (with no fitted kitchen) but with an alternative option for purchasing a fully furnished and fitted apartments (see Prices and Availability below for more details). The leading interior design and furnishing company, Furnish.BG, will manage the overall furnishing of the apartments purchased with the "Fully furnished" option. Offered are standard furnishing packs which are exclusively designed to match the requirements for letting. Buyers interested in letting their property are advised to use the services of the company appointed here, as their furnishing packages are:
Designed to match exactly the required standard for letting
Represent high quality and functionality
Have great design
Comprise all the necessarry furniture items and nothing more or less
Competitively priced
Have quality guarantee
The prices depend of the type of the property - 5,500 Euros for a studio, 6,700 Euros for a 1-bedroom apartment and 7,900 Euros for a 2-bedroom apartment. The full furniture pack includes everything necessary for the use of the property by owners and tenants, including:
Beds, tables, cupboards and wardrobes Italian design.
Fitted kitchen including white goods: fridge, microwave, cookers.
TV in each room, audio/video system (DVD, CD, MP3)
Pots, pans, cutlery, crockery, kitchen implements
Linen, towels, bedding etc.
Lighting
And other necessary items
Property Management & Letting of the complex (non-compulsory):
Lyulin Suites is meant to be a high specification residential complex. In fact it will be one of the best places to live in the whole district. All apartments will be designed to the highest specification and standard of finish to match the necessary requirements for luxury residential living. Our experience shows that most of our foreign buyers here will be interested in renting their apartments, therefore full property management and rental services will be provided by our partners from the leading management and letting company PropertyManagement.BG. This company is already managing and letting successfully many residential buildings, single apartments, gated complexes, holiday villas in the big cities and all tourist regions of Bulgaria. It is typical that apart from the property letting, this company also provides a full range of additional services both to the property owners and the tenants.
Lyulin Suites are planned to function as a high-quality residence with well designed apartments and various useful services for the occupants like cleaning, washing, cooking, baby-sitting, maintenance and repairs. For Lyulin Suites, the management company will work on a tailor-made activity program and sustainable marketing actions aiming to attract mostly long-term tenants like young professionals workin in the city, senior managers, young families with children. Tenants looking for contemporary-styled and comfortable apartments offered at reasonable price will surely find their home here. Currently the local demand for long-term letting of nicely finished apartments is high and will continue to grow as the living standard of the people in the Capital increases constantly.
Additionally PropertyManagement.BG offer management service, representation of the owner and taking full care of the apartment. These services are suitable for owners who are not residing permanently in Bulgaria and are not able to look after their property personally. These services cost 300 Euro per year VAT excluded and are not compulsory.
Maintenance of the complex (compulsory):
PropertyManagement.BG will offer complete maintenance of the building and the surrounding areas (gardens). The annual maintenance charge is 7 Euro per sq.m. on the property owned, VAT excluded, and will cover the maintenance and upkeep of the complex and all its facilities, bills for water and electricity for the communal areas (corridors at the block). This charge is compulsory for all owners of properties at Lyulin Suites.
Reservation of Apartments
Any apartment in the Lyulin Suites complex can be reserved immediately with a non-refundable deposit of 5 % of the purchase price paid into the developers bank account by credit card or bank transfer. The reservation deposit will hold the property for maximum 30 days when the preliminary contract will be signed.
Payment Plans
1) Standard payment plan is on instalments, as follows:
5 % reservation deposit, non-refundable.
35 % when signing the preliminary contract some 30 days after the deposit is paid
30 % when the third floor of the complex is completed to shell stage (around January/February 2009)
20 % when shell stage of the whole building is completed and the roof is laid (around August 2009)
10 % when the whole building is fully completed with receipt of Certificate for Habitation-Act 16 (around May/June 2010)
2) Discounted payment plan
A discount of 5 % of the purchase price will be offered for all apartments purchased with the following payment plan:
5 % reservation deposit, non-refundable.
85 % when signing the preliminary contract some 30 days after the deposit is paid.
10 % when the whole building is fully completed with receipt of Certificate for Habitation-Act 16 (around May/June 2010)
3) Deferred payment plan
All apartments purchased on this payment plan will have their original price increased by 12 %:
5 % reservation deposit, non-refundable.
15 % when signing the preliminary contract some 30 days after the deposit is paid.
80 % when the whole building is fully completed with receipt of Certificate for Habitation-Act 16 (around May/June 2010)
BULGARIAN PROPERTIES charge 3 % agency commission on the apartment price, payable together with the first installment.
Prices, Sizes, Availability (constantly updated and valid!) Lyulin Suites: Situation
Prices are final. On top of this price you will also need to pay the Notary fees, stamp duty and local tax (approx. 3 - 4 % on the price shown on the Title Deeds).
Every owner of property in Bulgaria pays an annual propety tax and local communal tax the amount of which depends on the size of the property.
NB! Each apartment purchase must also include a separately priced cellar and garage/parking space.
Underground Floor Architectural Floor Plan
Parking Lot # 1, total size 23.51 sq.m, Price 8 229 Euro RESERVED (am)
Parking Lot # 2, total size 27.30 sq.m, Price 9 555 Euro
Parking Lot # 3, total size 26.02 sq.m, Price 9 106 Euro
Parking Lot # 4, total size 30.05 sq.m, Price 10 519 Euro
Parking Lot # 5, total size 28.36 sq.m, Price 9 925 Euro
Parking Lot # 6, total size 28.91 sq.m, Price 10 120 Euro
Parking Lot # 7, total size 29.62 sq.m, Price 10 368 Euro
Parking Lot # 8, total size 30.60 sq.m, Price 10 709 Euro
Parking Lot # 9, total size 30.36 sq.m, Price 10 626 Euro
Parking Lot # 10, total size 27.86 sq.m, Price 9 749 Euro
Parking Lot # 11, total size 30.00 sq.m, Price 10 500 Euro
Parking Lot # 12, total size 28.85 sq.m, Price 10 098 Euro
Parking Lot # 13, total size 27.66 sq.m, Price 9 681 Euro
Parking Lot # 14, total size 28.34 sq.m, Price 9 918 Euro
Parking Lot # 15, total size 26.84 sq.m, Price 9 393 Euro
Parking Lot # 16, total size 22.05 sq.m, Price 7 718 Euro RESERVED (mk)
Parking Lot # 17, total size 21.92 sq.m, Price 7 671 Euro RESERVED (mk)
Parking Lot # 18, total size 29.60 sq.m, Price 10 360 Euro
Parking Lot # 19, total size 28.76 sq.m SOLD
Parking Lot # 20, total size 28.34 sq.m SOLD
Parking Lot # 21, total size 28.28 sq.m SOLD
Parking Lot # 22, total size 27.65 sq.m SOLD
Parking Lot # 23, total size 26.28 sq.m, Price 10 513 Euro
Parking Lot # 24, total size 28.72 sq.m, Price 11 487 Euro
Parking Lot # 25, total size 23.00 sq.m, Price 8 049 Euro
Parking Lot # 26, total size 23.05 sq.m, Price 8 067 Euro
Cellar # 1, total size 3.93 sq.m, Price 2000 Euro SOLD
Cellar # 2, total size 2.27 sq.m, Price 2000 Euro SOLD
Cellar # 3, total size 2.12 sq.m, Price 2000 Euro SOLD
Cellar # 4, total size 2.07 sq.m, Price 2000 Euro SOLD
Cellar # 5, total size 1.94 sq.m, Price 2000 Euro SOLD
Cellar # 6, total size 2.12 sq.m, Price 2000 Euro SOLD
Cellar # 7, total size 2.12 sq.m, Price 2000 Euro RESERVED (am)
Cellar # 8, total size 2.12 sq.m, Price 2000 Euro
Cellar # 9, total size 2.12 sq.m, Price 2000 Euro
Cellar # 10, total size 2.12 sq.m, Price 2000 Euro
Cellar # 11, total size 5.26 sq.m, Price 3500 Euro
Cellar # 12, total size 2.08 sq.m, Price 2500 Euro
Cellar # 13, total size 2.12 sq.m, Price 2000 Euro
Cellar # 14, total size 2.21 sq.m, Price 2000 Euro
Cellar # 15, total size 2.30 sq.m, Price 2000 Euro
Cellar # 16, total size 2.37 sq.m, Price 2000 Euro SOLD
Cellar # 17, total size 2.57 sq.m, Price 2000 Euro
Cellar # 18, total size 2.57 sq.m, Price 2000 Euro RESERVED (mk)
Cellar # 19, total size 2.57 sq.m, Price 2000 Euro
Cellar # 20, total size 2.28 sq.m, Price 2000 Euro
Cellar # 21, total size 2.53 sq.m, Price 2000 Euro
Cellar # 22, total size 2.49 sq.m, Price 2000 Euro RESERVED (mk)
Cellar # 23, total size 1.86 sq.m, Price 2000 Euro
Cellar # 24, total size 1.86 sq.m, Price 2000 Euro
BLOCK A
Ground Floor Architectural Floor Plan
Shop # A101, total size 65.11 sq.m (net area + common parts), Price 97 658 Euro (Bulgarian Standard, completion and furnishing are possible against additional payment depending on the completion standard required)
Shop # A102, total size 133.46 sq.m (net area + common parts), Price 200 187 Euro (Bulgarian Standard, completion and furnishing are possible against additional payment depending on the completion standard required)
First Residential Floor Architectural Floor Plan
Apartment # A201, 2 bedrooms, open-plan kitchen with dining area and living room with an outlet to a balcony, bathroom/wc, lavatory, corridor, entrance hall, one large terrace of 20.81 sq.m accessed by one of the bedrooms, total size 95.97 sq.m (net area + common parts), Price 89 900 Euro (Bulgarian Standard); 101 210 Euro (Finished unfurnished); 109 110 Euro (Fully furnished)
Apartment # A202, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, entrance hall, one large terrace of 40.85 sq.m accessed by the bedroom, total size 60.26 sq.m (net area + common parts), Price 70 573 Euro (Bulgarian Standard); 77 368 Euro (Finished unfurnished); 84 068 Euro (Fully furnished)
Second Residential Floor Architectural Floor Plan
Apartment # A301, 2 bedrooms, open-plan kitchen with dining area and living room with an outlet to a balcony, bathroom/wc, lavatory, corridor, entrance hall, terrace accessed by one of the bedrooms, total size 95.85 sq.m (net area + common parts), Price 86 267 Euro (Bulgarian Standard); 97 937 Euro (Finished unfurnished); 105 837 Euro (Fully furnished)
Apartment # A302, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, entrance hall, terrace accessed by the bedroom, total size 58.95 sq.m (net area + common parts) SOLD
Third Residential Floor Architectural Floor Plan
Apartment # A401, 2 bedrooms, open-plan kitchen with dining area and living room with an outlet to a balcony, bathroom/wc, lavatory, corridor, entrance hall, terrace accessed by one of the bedrooms, total size 95.85 sq.m (net area + common parts), Price 88 184 Euro (Bulgarian Standard); 99 854 Euro (Finished unfurnished); 107 754 Euro (Fully furnished)
Apartment # A402, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, entrance hall, terrace accessed by the bedroom, total size 58.95 sq.m (net area + common parts), Price 58 953 Euro (Bulgarian Standard); 66 117 Euro (Finished unfurnished); 72 817 Euro (Fully furnished) RESERVED (sd)
Fourth Residential Floor & Fifth Residential Floor
Architectural Floor Plan Fourth Floor & Architectural Floor Plan Fifth Floor
Apartment # A501, 3 bedroom apartment on two-levels, first level: 1 bedroom with a balcony, open-plan kitchen with dining area and living room with an outlet to a balcony, bathroom/wc, entrance hall, staircase to the next level; second level: 2 bedrooms each with an access to two terraces, bathroom/wc, walk-in wardrobe, corridor, three large terraces with 25.97 sq.m, 17.87 sq.m, 18.69 sq.m, total size 166.56 sq.m (net area + common parts), Price 181 578 Euro (Bulgarian Standard); 200 966 Euro (Finished unfurnished); 210 366 Euro (Fully furnished)
Apartment # A502, 2 bedrooms one with a en-suite bathroom/wc and the other with an access to a balcony, open-plan kitchen with dining area and living room, bathroom/wc, entrance hall, total size 85.46 sq.m (net area + common parts), Price 85 460 Euro (Bulgarian Standard); 96 155 Euro (Finished unfurnished); 104 055 Euro (Fully furnished)
BLOCK B
Ground Floor Architectural Floor Plan
Offices # B101, open space offices available from 50 to 411.86 sq.m. (net area + common parts); the clients are welcome to choose a suitable office premise for the price of 1200 Euro/sq.m. (Bulgarian Standard, completion and furnishing are possible against additional payment depending on the completion standard required)
First Residential Floor Architectural Floor Plan
Apartment # B201, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, corridor, entrance hall, one large terrace of 34.57 sq.m accessed by the bedroom and the living room, total size 62.12 sq.m (net area + common parts), Price 63 381 Euro (Bulgarian Standard); 70 787 Euro (Finished unfurnished); 77 487 Euro (Fully furnished)
Apartment # B202, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, entrance hall, one large terrace of 15.13 sq.m accessed by the bedroom and the living room, total size 59.22 sq.m (net area + common parts) SOLD
Apartment # B203, studio, open-plan kitchen with dining area and living room, bathroom/wc, entrance hall, one large terrace of 9.56 sq.m, total size 36.34 sq.m (net area + common parts) SOLD
Apartment # B204, 2 bedrooms, open-plan kitchen with dining area and living room, bathroom/wc, lavatory, corridor, entrance hall, one large terrace of 28.57 sq.m accessed by the living room and one of the bedrooms, total size 83.67 sq.m (net area + common parts), Price 76 935 Euro (Bulgarian Standard); 87 189 Euro (Finished unfurnished); 95 089 Euro (Fully furnished)
Apartment # B205, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, corridor, entrance hall, one terrace accessed by the bedroom and the living room, total size 68.26 sq.m (net area + common parts), Price 54 608 Euro (Bulgarian Standard); 63 190 Euro (Finished unfurnished); 69 890 Euro (Fully furnished) RESERVED (mk)
Second Residential Floor Architectural Floor Plan
Apartment # B301, 1 bedroom, separate kitchen, living room with dining area, bathroom/wc, entrance hall, terrace accessed by the bedroom and the living room, total size 69.55 sq.m (net area + common parts) SOLD
Apartment # B302, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, entrance hall, terrace accessed by the bedroom and the living room, total size 60.30 sq.m (net area + common parts) SOLD
Apartment # B303, studio, open-plan kitchen with dining area and living room, bathroom/wc, entrance hall, terrace, total size 38.39 sq.m (net area + common parts), Price 31 096 Euro (Bulgarian Standard); 35 968 Euro (Finished unfurnished); 41 468 Euro (Fully furnished) RESERVED (am)
Apartment # B304, 2 bedrooms one with a terrace, open-plan kitchen with dining area and living room with an access to a terrace, bathroom/wc, lavatory, corridor, entrance hall, total size 91.64 sq.m (net area + common parts), Price 74 224 Euro (Bulgarian Standard); 85 854 Euro (Finished unfurnished); 93 754 Euro (Fully furnished)
Apartment # B305, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, corridor, entrance hall, one terrace accessed by the bedroom and the living room, total size 68.49 sq.m (net area + common parts) SOLD
Third Residential Floor & Fourth Residential Floor
Architectural Floor Plan Third Floor & Architectural Floor Plan Fourth Floor
Apartment # B401, 2 bedroom, separate kitchen, living room with dining area, study room that could be used as a bedroom, bathroom/wc, entrance hall, one terrace accessed by the bedroom and the living room, second terrace accessed by the study room, total size 90.45 sq.m (net area + common parts) SOLD
Apartment # B402, 2 bedroom apartment on two-levels, first level: open-plan kitchen with dining area and living room, lavatory, entrance hall, staircase to the next level; second level: 2 bedrooms, bathroom/wc, corridor, two large terraces with 11.96 sq.m and 14.01 sq.m, total size 98.16 sq.m (net area + common parts), Price 90 103 Euro (Bulgarian Standard); 102 040 Euro (Finished unfurnished); 109 940 Euro (Fully furnished)
Apartment # B403, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, entrance hall, terrace accessed by the bedroom and the living room, total size 69.60 sq.m (net area + common parts), Price 57 074 Euro (Bulgarian Standard); 65 908 Euro (Finished unfurnished); 72 608 Euro (Fully furnished) RESERVED (mk)
Apartment # B404, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, lavatory, entrance hall, one terrace accessed by the bedroom, total size 60.35 sq.m (net area + common parts) SOLD
Apartment # B405, 1 bedroom, open-plan kitchen with dining area and living room, bathroom/wc, corridor, entrance hall, one terrace accessed by the bedroom and the living room, total size 64.74 sq.m (net area + common parts) SOLD
Fifth Residential Floor Architectural Floor Plan
Apartment # B501, 1 bedroom, separate kitchen with dining area, living room with relax zone, bathroom/wc, entrance hall, three vlarge terraces of 22.98 sq.m, 14.68 sq.m, 10.48 sq.m, total size 83.56 sq.m (net area + common parts), Price 86 330 Euro (Bulgarian Standard); 96 187 Euro (Finished unfurnished); 102 887 Euro (Fully furnished)
Ref. No. Lyulin Suites
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