NWPL BULGARIA      

Vrania: calmness and luxury living a few steps away from the city center.

Vrania is a brand new, off-plan project from Sofia City, designed by the architects of Casa Bulgaria, the development which gained an extremely high level of interest amongst investors and sold out almost immediately.
Located in a favoured residential area in north-western Sofia, Vrania is part of the capital’s most dynamically developing area and is in close proximity to two major Boulevards Slivnitsa and Opulchenska, as well as Boulevard T. Alexandrov.

The region features some of the most emblematic office and residential buildings, hotels and commercial centres in Sofia - two examples being the modern Arena Cinema and the Mall of Sofia (the capital’s largest trade and entertainment zone).
While retaining their green profile, the quiet streets in this calm and peaceful residential area are being built up with new and attractive apartment complexes. Everyday life here is easy and straightforward, as within just one kilometer or 15 min walk, there is a Billa hypermarket, six schools, five kindergartens, two polyclinics and the lovely, green Western Park. The very centre of Sofia can be reached in less than 5 min drive and at the same time the underground station on Todor Alexandrov Blvd is in close proximity. It connects this part of the capital to the centre and soon to many other parts of the city. Thus the region remains outside the bustle and noise of the city centre, but is still within easy reach.

Investment Overview:
Divided into three sections, the Vrania development features eight floors, including an underground floor of parking spaces and cellars, a ground floor of six shops and garages and a total of six residential floors made up of 34 apartments and 9 studios. All of the apartment units come with southern and western layout of the rooms, central heating system and cable television.
Over the last few years, the pace of activity in the real estate sector has generated significant increases in apartment prices in Sofia. Serviced by a growing number of low-cost air-carriers, Sofia is now undoubtedly an investment destination to consider.
Vrania is scheduled for completion in late 2008, offering the potential of 1.5 years off-plan capital appreciation.

Vrania - Key Points:
• Peaceful residential area close to modern, brand new business centres, hotels and apartment complexes
• Easy and fast access to each point of the city retail centres, mountain and airport
• Constantly growing prices and competitive yield
• Secure long-term investment
• Strong local market with good resale potential
• Ideal for both short and long-term letting

Vrania - standard of finish:
All apartments will come luxuriously finished to the European standards, as follows:
Walls & Ceilings
• smooth plastered & latex painted internal walls
• smooth plastered & latex painted ceilings
• hydro and thermo insulation
Floorings
• laminated parquet in the rooms
• terraces and entrance hall granite flooring
Doors
• solid front door
• internal doors of MDF
• armored entrance doors
Windows
• double glazed UPVC windows
Heating system
• aluminum radiators
• electric boiler
• gas heating system
Shower-rooms/wc
- fitted with taps, fittings, bath or shower unit, toilet bowl and sink
- tiled floorings and faience tiled walls
Common Parts
• metal railings of the staircase
• granite flooring
• latex painted walls and ceilings
• staircase lightning, letter boxes, intercom system
• Hydraulic elevator
• grassing, lightning and pavements

FURNISHING

MAINTENANCE OF COMMUNAL AREAS:
The annual maintenance fee is 8 Euros per sq.m. (VAT incl.) and will cover the following:
• Maintenance, cleaning and electricity bills of the common parts (corridors of the block, entrance, etc.)
• Standard repairs occurring from the normal use of the building

GENERAL CONDITIONS
We will be happy to meet you, show you the Vrania development, explain the reservation process and organise all papers. However, if you are unable to travel at this point, we can organize the entire reservation and buying process online.
No company is needed to own an apartment in Vrania complex.
All owners who rent out their apartments must pay an annual 10% rental income tax. We collect and pay this for you.
Owners who have a rental contract with Property.
We can use their apartment whenever they wish, provided that they have notified the booking office in advance. You will be charged only the cleaning costs for staying.

RESERVATION AND AGENCY COMMISSION
Any apartment in Vrania complex can be reserved for 28 days with a deposit of 5% of the purchase price (non-refundable). The buyer is expected to sign a preliminary contract with the development company and to pay the first installment within approx. 28 days after reservation.
agency commission of 3 % of the asking price of the apartment.

PAYMENT PLAN
Standard
- 5 % reservation fee
- 25 % first installment at signing of preliminary contract within 28 days (+ 3% agency commission)
- 15 % second installment when the building reaches third floor
- 20 % third installment when the building reaches the last floor
- 15 % fourth installment when the building is plastered inside
- 10 % fifth installment when the building is issued Act 15 and the ownership is being transferred to the owner

With 4% off
- 5 % reservation fee
- 85 % first installment at signing of preliminary contract within 28 days (+ 3% agency commission)
- 10 % second installment when the building is issued Act 15 and the ownership is being transferred to the owner

3 % commission for Vrania Apartments.

PRICES, SIZES, AVAILABILITY (constantly updated and valid!)
Prices are final, inclusive of VAT, with the full value declared in the Title Deeds. On top of this price you will also need to pay the Notary fees, stamp duty and local tax (approx. 3- 3.5% of the purchase price), chargeable at transfer of ownership.
Every owner of property in Bulgaria pays an annual real estate tax and local communal tax the amount of which depends on the size of the property.

Underground Floor Architectural Floor Plan.

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