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This brand new residential development is located in a neighbourhood just 5 min walk from Vidins center and train station. It can be reached by a good road, with direct access to the main asphalt road. The residential building was built by a reputable construction company with extensive experience in the construction and management of such complexes. The development offers fully finished and furnished apartments distributed in two separate residential buildings. The complex includes apartments and shops. To date the complex is fully completed and is operating. It received Certificate of Habitation for the first phase of the project at the end of 2010 and energy passport.
The comfort and high quality of the complex will provide privacy and good rest to the owners and their guests.
The apartments in the residence offered for sale are one-bedroom and two-bedroom apartments. All apartments in the complex are sold completely finished.
The location
Located in one of the largest residential districts in Vidin, the development enjoys a strategic position only a two-minute walk from the centre of Vidin town and all facilities. The area has excellent infrastructure and is preferred by families with children and young professionals. As a result of these reasons, we think any investment in the area today will increase significantly its value in the future years.
We should also consider the fact that Bulgria received a lot of investment and Vidin faced the construction of EU funded development of a second Danube bridge between Bulgaria and Romania. Once completed the new bridge will transform the international road E-79 into a major pan-European transport corridor, which will join Western, Northern and Eastern Europe, thus creating a road to Greece and Asia.
The town is developing fast, offering new opportunities to all those people who are ready to learn, work and invest. We are now happy to see the city changing and getting a new face, modern, provocative, cleaner. The shopping zones are now more and offer a much wider variety than before.
The town of Vidin
A regional and administrative centre, the town of Vidin enjoys strategic position close to two borders (with Romania and with Serbia) and is considered as an up-and-coming area of great importance. As member of the EU, Bulgaria received a lot of investment and Vidin faced the construction of EU funded development of a second Danube bridge between Bulgaria and Romania. Once completed the new bridge will transform the international road E-79 into a major pan-European transport corridor, which will join Western, Northern and Eastern Europe, thus creating a road to Greece and Asia. The investment is 236 million Euro and is expected to result in an influx of tourists, business people and commercial travelers to Vidin. That is why every investment in the area made now will increase its value after the bridge completion in year 2010. The closest international airport to Vidin with regular direct flights is Sofia Airport, set approx. 220 km away (or 3 hours drive by car).
Vidin is an old city dating back from Roman times, with great and rich history, many monuments and art galleries. It enjoys a lush and peaceful city garden along the Danube River which has timeless appeal and attracts all tourists and local residents. The most pleasant way to contemplate the river would be upon a fish meal at one of the boat restaurants. Another way would be from the many cruise ships that are crossing the river every day, bringing tourists from Western Europe. The town of Vidin has several beach zones scattered in and out of the town. Besides swimming, the river is suitable for watersports, boating and fishing as well.
Vidin has all amenities one could possibly need, including many schools and kindergartens, great shopping zone, hospitals, theatre and symphonic orchestra, excellent transportation service.
Standard of the apartments
This brand new developments has been developed with the most modern building materials and techniques to create energy efficient homes that are easy to maintain. The apartments are created according to the "Bulgarian Completion Standard". This term describes the usual finish that most of the newly built residential properties in Bulgaria have when completed.
The common parts of the building are completely finished - with color painted walls, tiled floors and lighting, while the apartments will be sold with plastered walls, not painted, with front door and PVC window joinery, without floorings, the bathrooms will not have tiles and sanitary equipment, there will be no lighting. Against extra payment, there is possibility for completion and choice from a collection of tiles, laminate, colors of the latex paint (look below at price "Fully Finished") and possibility for full furnishing package. Another options is all materials to be chosen and bought by the owner and the developer can perform the completion upon an invoice.
Specification of the buildings:
external plastering
aluminium railings on the terraces, in silver color
good quality elevator with automatic doors which will also go to the underground level where the parking spaces and the cellars will be situated
the lighting in the common areas are switched on with photo cells with movement sensors
faηade lighting
landscaping of the zone around the complex with grass, greenery and flowers
Specification of the apartments:
The apartments are created according to the "Bulgarian Completion Standard" as this term describes the usual finish that most of the newly built residential properties in Bulgaria have when completed.
The apartments will be sold with plastered walls, not painted, with solid front door and PVC window joinery, without floorings, the bathrooms will not have tiles and sanitary equipment, there will be no lighting. Here are some more details regaridng the apartments:
good quality MDF front doors included in the price;
interior doors are included in the price;
control access with intercom system and opening of the door;
UPVC white joinery with high-quality profile;
plastered but unpainted walls, cement floors without flooring;
Why invest in this development?
The right type of property: The complex is a fine example of a town property, where the demand from local buyers is high and constant. The residential property market in the towns of Bulgaria is strong, liquid and profitable for the smart investors. The positive economic trend in Bulgaria continues. The demand for high quality newly built residential properties in the regional towns of Bulgaria grows, because people are leaving their old dwellings at pannel blocks and upgrading to new modern homes, as they can afford it. Access to mortgages is available as well. New residential properties in Vidin have great potential to continue growing.
Unbelievable price of just 380 EUR/sq.m.: Yes, as low as 360 Euro per sq.m. for high quality. Your investment will appreciate greatly.
Exclusive building: Modern, special and remarkable. This development is one of the very few luxury residential buildings in the town of Vidin, that it present luxury living atmosphere and prestigious character.
Reputable developer: One of the most experienced developers in Vidin.
Great residential location: Close to the city centre (just 5 minutes walk), quiet area and close to renowned schools and local amenities.
Great rental returns: Suitable for long-term luxury lets, these apartments meet the requirements of tenants looking for a high-specification property rental. Your apartment will earn good money, until you decide to re-sell.
Furnishing
The apartments are offered for sale unfurnished (with no fitted kitchen) but with an alternative option for purchasing a fully furnished and fitted apartments (see Prices and Availability below for more details). The leading interior design and furnishing company, Furnish.BG, will manage the overall furnishing of the apartments purchased with the "fully furnished" option. Offered are standard furnishing packs which are exclusively designed to match the requirements for letting. The prices depend of the type of the property. The full furniture pack includes everything necessary for the use of the property by owners and tenants, including:
Beds, tables, cupboards and wardrobes Italian design.
Fitted kitchen including white goods: fridge, microwave, cookers.
TV in each room, audio/video system (DVD, CD, MP3)
Pots, pans, cutlery, crockery, kitchen implements
Linen, towels, bedding etc.
Lighting
And other necessarry items
Reservation of Apartments
Any apartment in the development can be reserved immediately with a non-refundable deposit of 1000 Euro paid into the developers bank account by credit card or bank transfer, as well as in cash. The reservation deposit will hold the property for a maximum of 20 days when the preliminary contract will be signed.
Bulgarian Properties charges a 3% agency commission calculated on the purchase price of the apartment. The commission is payable to the bank account of the agency, along with the payment of the second instalment.
Payment Plans
1) Standard payment plan
1000 Euro reservation deposit, non-refundable.
30 % first installment, payable upon signing of the preliminary contract up to 30 days after the reservation deposit is paid (+ 3% agency commission)
70 % second installment, payable upon transferring the ownership of the apartment
Prices, Sizes, Availability (constantly updated and valid!)
Prices are final. On top of this price you will also need to pay the Notary fees, stamp duty and local tax (approx. 4 - 6 % on the price shown on the Title Deeds).
Every owner of property in Bulgaria pays an annual propety tax and local communal tax the amount of which depends on the size of the property.
Read info about Vidin
