• Located just 2.5km from the city centre in the Lagera district which is undergoing huge regeneration projects
• Very good rental potential at Lagera Tulip, which is close to the Medical Academy, home to the University Hospital
• Low minimum exchange deposit of £7,446 including VAT
• A new Metro line just 300 metres from Lagera Tulip will complete in 2014
• Excellent payment terms of 20% on exchange, 40% on Act 15 (completion) and 40% on Act 16 (handover)
• Prices are an average 8.7% below market value, based on an independent valuation. And this is in a booming capital city in one of the fastest growing property markets in Europe, in a location that’s just a five minute drive to the centre

Lagera Tulip is located in the Lagera district just five minutes drive from the city centre. This district is an established residential area. The majority of the buildings were built in the 1960s and there are very few new-build developments in the district. The Lagera district was also a former industrial area in the city.

These industrial brownfield sites are now being targeted by developers as building plots become ever scarcer in the city.

Two major developments are currently under construction in Lagera, including the Akropolis development which will include the largest shopping centre in the city centre, as well as the highest office block in the country as part of the Europe Park Sofia development.

Lagera Tulip offers a rare opportunity as it is very unusual to secure units with white finish in Sofia, where developers usually supply units with black finish (shell finish) only.

White finish means investors can potentially finance the final finish cost using their mortgage. There is also the huge benefit of not having to go through the hassle of finishing the unit after completion.

Our independent valuation has confirmed our belief that this is an excellent deal at a very good price, by valuing our units 8.7% below market value.

The payment terms of 20/40/40 are outstanding for an emerging market like Sofia where staged payments are still very much the norm.

This translates into a low money down, minimum exchange deposit of £7,446 including VAT. The remaining 80% is divided into 40% on completion of the unit and the remaining 40% on handover.

Property Secrets is the only investor group in the Lagera Tulip development. This will ensure a good balance between investment and owner occupied units improving the rental potential in the development. We have secured 30 units out of a total of 248 units in the entire development.

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