A residential complex with modern architecture set in the center of our sea, capital- Varna

Project

Total sqaure surface of the building is 1432 sq.m. from which 210 sq.m. are a cafe-bar on two levels, where the second level is an underground one. The building consists of 15 apartments with square surface between 55 sq.m. and 110 sq.m., from which 12 apartments are with one bedroom and 3 are two bedrooms. Every apartment includes living room with kitchen and dining-room, one or two bedrooms, bath with WC, corridor and a basement. Some of them got also balconies and terraces. The access to all apartments is through stairs and elevator.

Location

Residential building "Tzar  Osvoboditel" is located in the central parts of Varna and it is situated on the crossroads between Rodopi Street and Tzar Osvoboditel Blvd. The residential building is in close with important public and business buildings and main city roads, also close to schools, supermarkets, entertainment and spa centers, a stadium, which makes the building very attractive for people and young families with dynamic life.

Construction

The construction of the building is monolith, and the roof is from reinforced concrete. The insulation of the outside walls will be with BAUMIT products, and for the roof construction will be used roofing shingles KATEPAL.

Standard of finish

• Plastered walls and ceilings
• Cemented floors
• PVC casement windows
• MDF -doors
• Fitted electro installations
• Common areas finished with high quality materials
• Water and sewerage - constructed with PP pipes,  piping system lay out

Advantages

• Good infrastructure
• Common areas finished with high quality materials and maintenance of the common areas
• Outstanding quality of design and construction works
• Underground parking lot

Payment plan

If you want to reserve an apartment and ask us stop offering it for sale, then you can send a deposit of 1000 EUR. After 14 days from the receiving the deposit the the buyer should  sign the Preliminary contract.

Variant 1

30% down payment at signing the preliminary sales contract

30% when second concrete slab is reached

30% at the roof stage

10% when Act 15 is issued

Variant 2 - % discount subject to agreement

90% down payment at signing the preliminary sales contract

10% when Act 15 is issued

Additional info

We, Mirela Real Estate Agency always strive at making the process of finding and buying property as easy as possible for our clients, that is why we offer a number of services, some of which are directed especially to our foreign clients. If you are a foreigner and wish to buy or rent property, you shouldn't miss the opportunity of having full use of the services by our teams of professionals in the sphere of real estate. They will provide you with helpful service, taking into consideration all the details, as well as legal assistance during the whole process of buying or renting property in Bulgaria. This includes solicitor's assistance, full checks of the approved property for encumbrances /mortgages, restraints, statements of claims, established real rights/, preparing all relevant and necessary contracts and paperwork. We are also ready to organize your welcome and stay in Bulgaria, as well as accommodation in a hotel of your own choice, visiting the properties that may interest you, together with a real estate broker and a translator and arranging transportation. You may need advice after the purchase as well – we are there to help.  We can also provide quality building and refurbishing works (organization of the inner reconstruction and repair of the bought property) - in case you decide your property needs some finishing touches. We also organize preparation of a designer's conception for the overall finishing of the property.

You can rely on a Mortgage Loan from a Bulgarian bank that will finance your purchase, even if your income originates from another country. Mirela Real Estate agency has a partnership with leading Bulgarian Banks based on a licensed contract, by the force of which we represent them, a sign of respect and trust. Our credit specialists offer consulting services to our foreign clients and this service is free.

Here are the main characteristics of a standard mortgage loan in Bulgaria are, as stated by two of the leading banks in the country - United Bulgarian Band and First Investment Bank.

UBB - United Bulgarian Bank

The client segments are the citizens of the European Union, USA and Canada. The minimum amount of the credit is Eur 7500, the maximum is Eur 250 000 for a period of up to 20 years. A person must be at least 23 years old to be considered eligible and the age plus the loan period shouldn't exceed 65 years. For the first year the interest rate is 1.5% or 5.9% for the first 3 years. There is a standard interest rate for the rest of the loan period which is 6.5%. The bank has an application fee of BGN 20 and an administration fee of 0.5%. The prepayment fee is 5%.

First Investment bank

Every able local or foreign citizen is considered an eligible borrower. However, if the acquired property is a plot, a local citizen should acquire a property. There are no limits concerning the maximum loan amount. The maximum term is 240 months with a loan purpose - acquisition of a real estate. There is an option of a period when the borrower pays only interest which may be up to 12, 24 or 36 months. After it equal monthly installments during the loan term are paid. In case of overdue payments the bank charges a penalty interest rate. The application fee is Eur 50 and the management fee is 2%. You can read more on the fees and charges on their website. The applicant's income should be 1.50 times the monthly installments. The minimum income that should remain per member of the household is 500 Eur for adults and 250 Eur for children.

The term for approving the application is usually up to 2 days.