JAFC Development Limited has established a wholly Irish-owned company in Bulgaria to build apartments in its capital city Sofia, the 14th largest city in the EU. With a population of over 1.2 million Sofia is located in Western Bulgaria, at the foot of the mountain Massif Vitosha, and is the administrative, cultural, economic, and educational centre of the country. The RILA apartments are located in the heart of Sofia city Centre adjacent to bus and rail terminals and within minutes of the historic city centre. This area has seen the most rapid increase in land prices in the last year, rising threefold. The 25 units of the RILA complex comprise of 20 luxury apartments and 5 retail outlets totaling 2200m2 of saleable area. It is expected that construction will be completed by end of 2008.

Facilities
• Underground parking available.
• Appointed Management Company overseeing maintenance and rentals.
• 24-hour security with video surveillance.
• 10 year structural guarantee. Fully certified building.
• Wired for internet and telephone.
• All apartments at the RILA Complex will be completed to the finest quality.

Common Areas
• Staircase with metal railings.
• Painted walls and ceilings.
• Staircase lighting.
• Intercom system.
• Elevator.
RILA Complex Investment Highlights

Attractive opportunity to invest in the rapidly growing economy of Bulgaria. Property market in Bulgaria has been experiencing a boom in recent years and looks set to continue. The residential property segment of the market has taken off in recent years with unprecedented growth. JAFC have linked up with Hydrostray Ltd, a Bulgarian property development company, who have assisted in the sourcing of the site and are responsible for project management through to construction.

Short-term, long-term letting and good resale potential.

Amenities

Modern 8 storey complex situated in Sofia City Centre Apartments are located in busy city centre location with high demand for rental accommodation.

Located within direct access to and from the main train and bus station in Sofia.

Apartment block is 20 minutes from ski slopes.

Finishing and Options
Properties are available in one of two finishes:
1. Finished and unfurnished: the apartment is finished internally to a high standard including stone and wood panel floors, tiling, lighting and sanitary fittings including bath, shower, WC and basins. High quality kitchen and internal doors supplied. Each apartment is painted throughout.
2. Finished and furnished: Option includes all of the above with a ready-to-rent kit-out option starting at €5,000 for a studio apartment.

Maintenance Charges
The annual maintenance fee is currently set at €9 per sq.m. (inc.VAT) and will cover the following:
· Maintenance of the common areas.
· Maintenance, cleaning and electricity bills of the common areas (corridors entrance and other communal areas).
· Standard repairs occurring from the normal use of the building.

Reservation of apartments

An apartment in the RILA complex can be reserved immediately with a d