: Todor Alexandrov Blvd., at the crossing with Zaychar Str. Just next to an underground station.
Distance to the center of Sofia (The Sheraton Hotel)
: 1.9 km
Height of the building
: 90 meters
: 30 floors (26 floors above ground and 4 underground floors)
: trade areas, offices, apartments and underground parking spaces.
: Apartments - 57 – a total area of 5,541 m2; Lobby of the residential part: 340 m2; Trade areas and offices: 3,184 m2
Total built-up area above ground
: 9,789 m2
Total built-up area under ground
: 3,311 m2
Total built-up area of the building
: 13,100 m2
Project management and Supervision
CHOBANOV & STOYANOV LTD
Exclusive consultant on the project
: BULGARIAN PROPERTIES – strategic planning, marketing and sale, establishing of a joint venture enterprise and project management.
Description of the project
: Trade area (trade center - one big area or separate shops) and offices located on the first 6 floors, with height of each floor of 3.5 m, elevation 0.00 m to 21.15 m.
Above the trade areas there are 19 residential floors with height of each floor of 2.80 m, with a total of 57 apartments (3 on each floor) from elevation 21.15 m to 74.35 m. From elevation 74.35 m to 79.00 m there will be a panoramic lobby bar and above it a pole banner with a height of 11.78 m.
There are a few variants for the type of the construction and the standard of the finishing works as each option can be discussed between the partners with the aim of optimizing the project and its cost depending on the current situation on the market or the requirements of the buyer of the ready product.
: Todor Alexandrov Blvd is the most dynamically developing office area set very close to the top center of the capital Sofia (1.9 km from The Sheraton Hotel). This boulevard has great potential to turn into a business and trading hub in the capital due to its closeness to the center, the modern infrastructure, the underground, and this wide new four-lane boulevard makes the access to the center and all state institutions fast and easy. In the last few years many modern high-class office buildings and developments were built along the boulevard and formed the contemporary outlook of the area.
The project has a conceptual design and we have the full documentation. There is also a business plan for the development of this building project and realization of a profit from the sale of the units (shops, offices, apartments, etc) on the territory of the complex or as a whole finished building. We could provide all details, documents and projects upon request.
The building plot and the project are owned by a reputable developer with 20 years of experience and many successfully finished projects in Sofia. This offer targets potential financial investors who wish to join the project by financing it, as full partners or as minority partners, according to their financial resources. There are no specific requirements to the amount of the investment and all offers will be considered, as the amount of the investment will determine the investor’s share in the venture.
Business plan for the realization of the project:
• Price of the land: 30% compensation for the owners of the land under the form only of residential areas/apartments in the building (without trade areas). Monetary value of the compensation: 3,930 m2 x 500 EUR = 1,965,000 EUR
• Cost price of the construction and finishing works: 6,550,000 EUR
• Other costs during the construction and realization of the project: 600,000 EUR
(architectural plans, building permit, certificate of habitation, administration services, taxes, commission for sales intermediary, etc.)
• Total cost price of the project with key-ready finishing works: 7,150,000 EUR
• Maximum period for building the development: about 18 months
• Maximum period for realization and sale of the separate units in the development: about 48 months
• Financing on the part of the investor: 3,000,000 EUR
(the financing must be secured and spent in parts, as per a specific time schedule/plan that is consistent with the stages of the construction and realization of the project)
• Total income from the realization of the project: 9,500,000 EUR
• Net profit from the realization of the project: 2,350,000 EUR
• Net profit for the investor: 1,880,000 EUR
• Profitability for the investor (%)
- for the whole period: 62 %
- per annum (on average): 15.5 %
• Investor’s/investors’ equity: 80%
Note: all cited figures and periods are for reference only as they are valid and as accurate as possible as of the date of the drafting of this business plan (27.11.2011).
The figures and periods can vary during the actual realization of the project, in accordance with the present business conditions and the situation on the market.
This presentation and business plan should be used for information purposes.
The exclusive consultant for the project, the overall marketing and the sales, the establishing of the enterprise and the overall project management is our company BULGARIAN PROPERTIES.
Strategic planning has also been made and potential investors in the project will be acquainted with the possibilities to participate in the project and with the financial indicators.
If you are interested in this offer please contact Nikola Stoyanov for a non-committing talk or a personal meeting as you will receive more interesting information about the Todor Alexandrov Tower project and the possibilities to take part in it:
If you are interested in this offer please contact Nikola Stoyanov for a non-committing talk or a personal visit as you will receive more interesting information about the Todor Alexandrov Tower project and the possibilities to take part in it:
Nicola Stoyanov, co-owner of BULGARIAN PROPERTIES and LUXIMOTI. Read more about Nikola Stoyanov.
Mobile phone: + 359 877 888 777
E-mail: fill in the form
- GSM coverage
- Post office
- Public transport
- Bus stop
- Shopping mall
- The closest airport is in Sofia, about 10 km away