This Mall, built in 2014, is one of the projects of a reputable company with over 20 years of success in the real-estate field for a wide variety of real-estate projects.
The Company has built an excellent market reputation within the Bulgarian real-estate business.
The Mall’s key location offers visibility from all directions. It is close to the most prestigious quarters in Sofia, like: City Center, Boyana, Dragalevtsi, Simeonovo, etc.
The 2 other nearest malls are Paradise Center (10KM away) and Ring Mall (15KM away).
The Mall hosted over 500,000 visitors in 2014, while in 2015 it hosted 600,000 and attracts more than 12,000 visitors every week which is footfall increase by around 20 percent over 2014, despite the economic situation.
1500-2000 average visitors per day;
5000-6000 average attendance on holidays;
Total area 15,000 m². The Mall contains more than 60 shops.
The Mall has over 200 parking spaces:
75 under the mall: First 3 hours free parking, thereafter 1eur/hr.
125 outside: the parking outside is free.
Apartment residents pay 50 euros/month for a parking spot.
In addition of 70 residential apartments, more than 70% have been sold. The apartments are not included in this Sale Transaction.
The Mall during 2015 earned a net profit of EUR50,000 per month with 85% of the shops only rented. With higher occupancy and higher prices (as the economy picks up), it is foreseen for net profit to reach EUR80,000 per month.
The expected sale price of the Mall is EUR14mn.
Asking Price Between $15,000,000 and $20,000,000
Sales Between $1,000,000 and $2,500,000
Profit Between $500,000 and $1,000,000
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