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This is excellent investment opportunity: an old house in the one of the most desired parts of Sofia Center near Mall of Sofia. This place itself is a guarantee for secure and profitable investment.
You can have this massive easy to renovate building with 90 sq m yard and 420 sq m total built area distributed between three floors, mansard and a basement for the price of 592 000 Euro. The house can be renovated and resell as luxury offices or apartments. Prices there can reach 2 500 Euro/sq m for apartments and 3 000 Euro/sq m for office spaces.
Purchase price: 1 400 Euro/sq m
Renovation: 200 Euro/sq m
Possible selling price: 2 500 Euro/sq m
Profit of the investment: more than 64 %
This is a chance to invest in the right place in Bulgaria you should not miss. Such house can be just kept and resold lately for more money.
