IMOINVEST International IMOINVEST International
21-22 New Row
First Floor, Covent Garden
WC2N 4LA London


http://www.IMOINVEST.com
Business - For Sale - Varna, Varna, Bulgaria
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Ref: 00000865 €2,153,600
   
Pure Heaven Residential Complex Varna 9000  
Varna, Varna, Bulgaria
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Near Varna airport in the picturesque setting of Suvorovo village, Pure Heaven is an ideal investment catering to a growing market. The project is ready for construction commencement, and the sale includes the land itself in addition toNear Varna airport in the picturesque setting of Suvorovo village, Pure Heaven is an ideal investment catering to a growing market. The project is ready for construction commencement, and the sale includes the land itself in addition to the architectural plans and building permissions. A fantastic opportunity, designed to meet the needs of the growing market of home buyers in this area. Now is the time: Similarly, Sofia is beginning to see a number of suburban developments meeting demand from the growing middle-class, many of whom need to be close to the city for work but want to live in a safe, calm and suburban setting to raise their young families. Until recently, the market offered this only in the form of luxury gated-community type developments. The needs of the growing young middle-class have been slower to be catered to. That is just beginning to change. Pure Heaven is a chance for investors to enter at the beginning of this trend in the country's second main city, the Black Sea port of Varna. The most economically affluent city other than Sofia, prices almost match those in the capital city. Margins on construction are significantly higher than in Western Europe where labor costs are much higher and significantly eat into the investor's profits. The market is also in boom with the majority of developments sold out or almost sold out during construction, especially those in the mid-price ranges which have the most hungry market of buyers. This project takes advantage of the fastest moving price range of property while still offering something not on the market and so having an extra edge. Investors will likely realize a 70% profit on the project price plus construction costs against a modest prognosis of the sales value of the units. The project offers an entry into what is and will be for several years to come one of the most dynamic and profitable real estate markets in Europe for both developers and large and small scale investor. Key Investment Points Proven strong sales potential for properties in this price range 70% profit margin achievable Bank financing available Untapped demand proven in Sofia Entry into a highly prospective and profitable investment market Moderate risk Pure Heaven Residential Complex
Bulgaria, Black Sea Coast, Varna

Commercial 21536m2 to 21536m2 - 2153600 to 2153600 euros
CLASSIC PROPERTY
EXPECTED CAPITAL GROWTH UP TO 70.0%

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Exchange rates 1 BGN = 0.75316 $ 1 BGN = 0.46238 £ 1 BGN = 0.51129 €
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