Vitosha Palace, Apartments For Sale near Sofia
Prices from € 81,414 (861 €/m²)

Vitosha Palace Apartments in Sofia

A Superb Investment, Ideal for Rental Income

Vitosha Palace is a top quality, gated complex situated in a prestigious location in Sofia, the capital city of Bulgaria. All apartments will have telephone, internet and satellite television points. Due to the location and the excellent facilities, apartments at Vitosha Palace will provide an all-year rental income. Sofia is experiencing a tremendous growth, with many foreign companies choosing to open new offices and call centres in the city.

The Vitosha Palace building comprises two buildings, which offer a total of 141 apartments. There are one-bedroom and two-bedroom apartments and penthouse suites. All of the apartments at Vitosha Palace are constructed to the highest European standards. Vitosha Palace is situated in the prestigious south-west Pavlovo area of Sofia. Most of the Vitosha Palace apartments have been designed to allow unobstructed views of the Vitosha Mountain. Properties in this part of Sofia are expected to rise in value substantially and are therefore an extremely good investment.

Vitosha Palace is ideally situated for access to the city centre, the airport, the Simeonovo cable lift (which goes to the Aleko ski resort) and the new Sofia Business Park. The Business Park will house 174 companies, including multinational businesses. It will incorporate a huge range of facilities including cafes, hypermarkets, banks, and a multiplex cinema.

The construction of Vitosha Palace has reached roof stage which means buyers are able to buy an apartment with a Bulgarian mortgage.

Vitosha Palace Specification

Facilities at Vitosha Palace include:

• Indoor swimming pool
• Gymnasium
• Sauna
• Spa
• Gas central heating
• Fitted kitchens and bathrooms
• Secure, underground parking
• Lifts
• Landscaped gardens
• 24-hour security

Rental Income

The potential rental income for apartments in Sofia is shown in the following table. These figures are estimates of the rent that can be charged per week (in EUR) during the low and high seasons. They are based on long-term rental rates. Long-term rental provides a reliable and stable income, but does not give the high season rates that can be achieved in tourist destinations. Higher rental rates can be charged for short-term rental (for example, renting to business people who attend conferences in Sofia) but the income will not be as regular.