Evergreen Land Plot investment project
ng ri
sofia center
Sofia International Airport
ad ro Lozenetz rq.
d. Blv
Property ID Property Type Land Plot with existing construction permit and constructed infrastructure Size app. 24,600 sqm
Sofia Ring Mall IKEA
simeonovo rq.
mladost rq.
ring
sse bistrishko shou
dragalevtsi rq.
road
.
vd Bl
gr oa d
simeon ovsko s housse Blvd.
rin
Cherni vr ah Blvd.
bulga ria B lvd .
iztok rq.
e ss ou
bo
ri
sh
ar
Tz
ko ds ra
gi ar Tz
.
d lv
II B sI
to plo v
div
Business Park sofia Technopolis kino arena como residential Park sofia Evergreen land plot
ring road
Key Advantages Situated in one of the most rapidly developing areas of Sofia The property is located at the foot of Vitosha mountain with immediate proximity to Residential Park Sofia – the largest gated housing development in Sofia and Business Park Sofia – the largest office cluster in the city. The area offers various amenities including restaurants, bank branches, Kino Arena, Technopolis, IKEA, Yavor, the upcoming South Ring Mall, and a number of food retailers. Excellent access Through the Ring Road, Alexander Malinov blvd., and Bistrishko Shousse, the project has easy and fast access to all parts of the city. South Park and Borisova Gradina are within 20 minutes drive. Existing infrastructure The plot has frontage to an existing road, sewage, and electrical infrastructure with signed preliminary accession contracts with CEZ and Sofiiska Voda. The infrastructure is built to the borders of the site leading to lower construction cost and cost contingencies. Construction permit Full architectural design Competitive package offering Residential properties in the area maintained high prices and liquidity Residential prices in the area stayed at high levels due to the limited availability of gated projects and the high-quality of the developments. In addition, no large scale developments in the vicinity are expected within the next few years.
The Environment Due to the specifics of the area and of the existing and upcoming developments the region attracts residents with high living standard and spending power. Residential Park Sofia The plot is located next to the largest high-end residential compound “Residential Park Sofia�, with more than 80 % of the units already sold. Schools 17 public and 12 private schools within 15 minutes drive Kindergartens 19 public and 43 private kindergartens within 15 minutes drive and one private in Residential Park Sofia Food retailers 4 Fantastico shops, Piccadilly, Kaufland, Hit, Billa
Property Details Property Type land plot with existing construction permit and constructed infrastructure. Construction density 20%; max. intensity (Kint) – 0.5; maximum height – 7 meters; min. greenery – 50% Construction Permit According to the existing construction permit 27 single family houses and 72 apartments can be constructed. The combined above-ground built-up area is approximately 12,300.
The Concept The existing project is a gated compound aiming at families looking for security, convenience and leisure. As part of Sofia’s ‘Orange County’ the project is planned to have low density environment, however at lower prices due to vendor’s competitive pricing and full availability of infrastructure. The project shall have lots of greenery to allow families with kids to feel secure, yet not isolated from downtown hubbub with the overarching view to Sofia.
Residential market snapshot of the area Transaction characteristics Seller Black Sea Property Fund Transaction type transfer of an asset or SPV. No liens Representation Colliers shall represent the sole interest of the seller
The supply in the area equals to 2196 units concentrated in 30 gated communities.The vacancy in this segment for 2011 is estimated at 27.5%.
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Contact Georgi Uzunov at:
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