Mount View Sofia
is a truly elite development of luxury apartments, combining the most up-to-date construction technologies with a multitude of services and equipment to offer Sofia’s most exciting investment opportunity.
The developer of Mount View Sofia has strived to create a truly international standard of style and finish, by sourcing design experts from the UK and incorporating years of experience into the architecture and landscaping. This can be seen by the high specification of finishing and technology proof living for the future. All the apartment prices are Inclusive of 20% VAT with the full value declared on the Notary Deed.
The main partner in co - financing the project is Salamanca Capital UK. Salamanca specialises in the funding of developments across all property sectors, including joint venturing with developers, where appropriate.
- Location:
Mount View development is ideally positioned for year round rentals from both the expanding expat market as well as the professional domestic market:
» Strategic location to Business park - 5 minutes drive
» Excellent access to Central Sofia for 10 minutes drive
» Vitosha Ski Field gondola is 7 minutes away
» Easy access to the airport for 7 minutes
» Close to Sofia Zoo and Hunter Park
Located in the Vitosha area, less than 10 minutes by car or tram from central Sofia, the development is strategically located near Sofia Business Park, which first phase is now completed (198 companies, 5000 employees and 2000 visitors) and fully let. Business Park has played a major role in the development of the domestic office market, reaching a share of about 25% of all office premises in Sofia in 2006 (a main foyer of potential high-quality tenants). Mountview also benefits from its close proximity to the Vitosha ski slopes, transport links to the city centre and the international airport.
The Vitosha District is in the more affluent south of the city and is considered to be a middle to upper-class suburb, attracting many residential buyers on the back of its accessibility to the city centre. In a city that boasts exceptional parks and gardens, Vitosha is bordered by the Vitosha National Park and the popular Loven Park. Vitosha has begun to develop into a thriving area with many of Sofia’s middle class seeing the location as an excellent base from which to operate a leisure and work life balance.
This area was a green field 3 years ago and now has become a new upper to middle class residential suburb, with one development completed (Maxi) and a further couple of developments currently under construction. The surrounding areas have either been bought by developers or waiting for build permits. Even with the supply growing the demand is also growing from the local market and the off shore investor and funds. The attraction is early off plan purchase in more modern developments for the investor market.
Compound developments are becoming more popular and refined, offering a variety of services and leisure facilities. These developments are gaining popularity among Bulgarians and expatriates alike.
By positioning itself on the upper-end of the market, Mount View stands out of its neighboring developments. Being the most exclusive project under construction in Vitosha quarter, it is attracting quality tenants, as well as owner-occupier locals.
- Rental opportunity:
At the heart of the Mount View concept is the sound rental potential that forms its foundation and the development is ideally positioned for all year round rentals from both the expanding expat market as well as the professional domestic market.
Considerable rental uptake is anticipated from the nearby Sofia Business Park as spacious accommodation of this quality on long term leases is currently at a premium. With such demand for high-end and techologically proof properties this will place clients in the best possible position to maximise returns.
- Payment plan:
Payment terms are designed to attract investors with just 35% deposit and balance due upon completion (expected June 2008):
- £1020 (1500 Euros) non refundable reservation fee (deducted from the first payment)
35% on signing of Preliminary contract (within 28 days of reserving)
65% on completion (expected June 2008)
This payment structure allows the buyer of the property to apply for a loan for the last installment of 65% (at a forecast interest rate of 5-6% with a local Bulgarian bank). Most of the banks that grant loans to foreign citizens for buying property in Bulgaria require Certificate of Use, which guarantees the entire completion of the Complex and putting it into operation.
- Floor plans:
Mount View Sofia comprises of 128 apartments (1 & 2 beds) united in 2 sections, A and B: - Building A consists of 3 sections, A, B & C. Each section will have an individual entrance from the street and a lift with direct access to the underground car parking.
- Building B consists of 6 sections, A, B, C, D, E & F. Each section will have an individual entrance from the rear of the building and a lift with direct access to the underground car parking.
- Maintenance:
Maintenance Services will be provided for 8 Euros per sq.m. and will cover: - 24 hours security
maintenance of the building (incl. electricity and water systems and roof)
cleaning public areas
gardening
payrolls of staff. - Facilities:
Facilities focused on the business professional (targeted tenant population) will be available including: - Outdoor heated pool and separate children's pool for patrons’ use all year round
- Fitness Centre with Sauna
- Children's Play Area
- Communal BBQ area
- Controlled access underground garages (a one garage allocated to each apartment)
- Additional free storage between 4 & 6 sq.m (located adjacent to each apartments)
- Allocated underground car parking garage
- Lifts to all floors including direct access to underground car park
- Private gated complex with 24-hour security service
- Luxury finish including fully furnished bathrooms and kitchen
- Private Balconies with views of city and mountains
- Broadband connection, cable TV
- Central controlled air-conditioning system supplying air conditioning throughout the apartments without the need for a standard localised unit on balcony
- Gas central heating
- On site property management
- Car wash bay at the underground parking
- General Finsishing Specifications
The Developer shall deliver the building and the apartments within, and in accordance with the architectural project approved on 10th April 2006, according to the approved projects of its parts, namely – with external connection, water supply, sewerage and electricity in the following stage of completion: Type of building – solid, with central heating and hot water supply, with heat-insulated columns, concrete (floor) slabs and external walls, with guaranteed quality of the materials in accordance with the Bulgarian State Standard. This is a general specification, details of installations and interior design will be prepared by Premier Apartments BG ltd. The project will be delivered to a luxury standard to the following or better quality specification:
Building: | Construction type | Monolithic | | Structure | Reinforced concrete no frame | | Structural height between floors | 2.85m | | Clearance height in apartments | 2.60m | | Roof | Flat, hydro-insulated, soundproofed | | Facade walls | Ventilated thermo-facade, frost-moisture- and UV-resistant | | Side/Inner walls | Thermo-insulating tiles, textile mesh, finishing structural paint | | Stairs and landings | Fully finished, tiled |
Stairwells and landings and garages: | Floors: | Waterproof tiles or marble tiles | | Walls and Ceiling: | Latex paint | | Lift: | OTIS or equivalent technology brand; EU standards compliant; safety features, incl. “get down & door open” in case of incident or power cut; no LMR | | Garage Cell: | Automatic Doors for underground parking spaces | | Door | Metal Rolling Door | | Floor | Concrete floor | | Walls and Ceilings | Whitewash/limestone |
Apartments | Electricity, Water, Sewerage, Heating and Ventilation and Communications | Heating, Ventilation, Water and Sewerage are with PVC pipes, and Heating and Ventilation is with Collection box. Cable TV with video-on-demand possibilities in each room; ISDN internet in apartments; telephone outlets in rooms. | | Lounge: | Walls: Plaster and latex paint finish
Ceilings: Plaster and latex paint finish
Floors: Cement with sound insulation underneath
Floor coverings: Timber flooring
| | Bedrooms: | Walls: Plaster and latex paint
Ceilings: Plaster and latex paint
Floors: Cement with sound insulation underneath
Floor coverings: underlay and carpet.
| | Kitchen and Dining Room | Walls and Ceilings: Plaster and latex paint finish
Floors: Cement with sound insulation underneath
Floor coverings: Timber flooring, terracotta
Kitchen: Fitted kitchen with sink and hardware, no appliances
| | Balconies: | According to project, weatherproof outdoor tiles with hydro-insulation, inox handrails and glazing | | Corridors: | Walls and Ceilings: Plaster and paint
Floor: Cement with sound insulation underneath
Floor coverings: granite or marble tiles
| | Bathroom and WC: | Ceilings: Whitewash/Limestone
Floors: Cement with terracotta tiles
Walls: Whitewash/Limestone, and tiled.
Bathroom fittings: Toilets, sinks, taps, bath and shower.
| Internal Masonry:
| Agreed with the CONTRACTOR up to 20 days, after the concrete floor slab of the ceiling of the apartment is finished
Down lights throughout the apartment. All light fittings and switches will be supplied. | | Doors: | Front door: triple lock, adjustable steel-plated door
Interior doors: Standard flush panel door with hardware.
| | Windows: | PVC, five-chamber glazing German standard window panes, opening as per project ( one window in every room with two stage opening) , internal sills | | Heaters and air conditioning: | Panel, aluminum heaters with thermostats, centrally located air conditioning units or combination units. |
Storages and systems: | Floors: | Concrete | | Walls and Ceiling: | Render | | Door | provided | | Security system | Manned 24 hour security; video cameras; video-phone gate unlocking system for visitor access to each block. | | Fire-alarm system | Press-button system in landing area, connected with security; automatic fire-detection and alarm system in underground garage areas. |
Installations:
Electricity – equipped with two-rate meters, Water and Sewerage- equipped with water meters for hot and cold water, heating, telephone cables, doorbell, and intercom, aerial wiring according to the Bulgarian State Standard, all internal and communication wiring supplied with permissions for use.
Built vertical planning according to the project of the Developer – fence, garden lights, footpaths and patios. Additional monthly costs for garden maintenance and security will be subject to a separate Annex to the Preliminary Contract
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