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Property for sale information

 
Modera Residence - Shell Apartments  
Reference nr: JF674766
Description:

Martinsa-Fadesa is constructing its first development in Bulgaria in on of the most prestigious areas of the capital. The Vitosha district, located in the south part of Sofia is considered to be a middle to upper class suburb, attracting many residential buyers because of its accessibility to the city centre and its proximity to the Sofia ringroad.
Situated just 5 minutes drive from the Vitosha Mountain ski lift, the development’s location is close to the vibrant city centre, yet at the same time gives its inhabitants the perfect family environment.

With a population of 1,270,010, Sofia is the largest city in Bulgaria and the heart of the country’s financial and manufacturing industries.
Construction, trade and transport are also important sectors of the local economy and Sofia is attracting attention as an outsourcing location for Western European and American multinationals.
The city also boasts a well-developed public transport system with buses, trams, trolleybuses and a metro system which was launched in January 1998.

Payment Structure:
€3,000 reservation deposit.
15% on Final Contract.
20% September 2008
65% on Completion (December 2009)
Features

* 3 High-rise apartment blocks with a 14,000m2 area at ground level. 335 shell and finished apartments and a commercial centre of 7,500m2. 10 minute drive from city centre. 9km from the Airport. Public transport and shuttle bus service available to the city centre.

Accommodation

1 bed Shell units available with a build size from 69.51m2 to 70.07m2
2 bed Shell units available with a build size from 90.92m2 to 91,29m2
3 bed Shell units available with a build size from 118.66m2 to 119.55m2

1 bed Finished units available with a build size from 59.36m2 to 78.16m2
2 bed Finished units available with a build size from 75.34m2 to 106.07m2
3 bed Finished units available with a build size from 118,66m2 to 119.55m2

Bedrooms: Bathrooms: Price (€):
1 1 75,264
2 2 131,198
Features:
City
Submission Date:
03-14-2008
Advertiser Details:


Name:
John Flattery

Company:
Martinsa Fadesa Ireland

Phone:
00353 1 6619177
Fax:
00353 1 6760540
Mobile:

 
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Calculators

 
Property price: €75,264
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations