IVY HOUSE is a stunning new development from L&M, located in the heart of Varna, the second biggest city and the marine capital of Bulgaria, offering uncompromised and modern living space.
It is a residential block of 13 carefully designed apartments with 5 garages and parking spaces. There is a choice of studio, one and two bedroom apartments and a large three bedroom Penthouse maisonette. The layout of each apartment is carefully designed to offer functional and stylish living with open plan reception rooms and well balanced bedrooms. Most of the apartments also boast ample outside terrace space.
LOCATION: The development is located in a quiet leafy street just a short walk to the town centre where you will find the Opera House and many shops, restaurants, bars and other amenities. There is convenient transport links with easy access to Blvd Hristo Botev, one of the main city arteries and the train and ferry stations are only a few blocks way. The top floors of the building boast beautiful sea views of the Bay of Varna.
The architecture is designed to fit in with the traditional Baroque and Neoclassical style buildings in Varna yet bringing a fresh, distinguished look which will make the building instantly recognisable. An Elegant feel that highlights a harmony between past and present is achieved using features such as marble floors, decorative brick walls, black Spanish roof slates, cornices and cast iron balcony parapets.
L&MGREEN The building will comply with our commitment to sustainable development, achieving high efficiency and lower running costs through using high quality insulation materials, lights fixtures and thermal double glazing windows and doors. The grounds will be landscaped to maximise green vegetation areas. The harmonious use of modern technologies and natural materials will ensure the building has low environmental impact.
Our aim with this development is to provide high quality, stylish and practical accommodation at affordable prices. The development would be suitable for first time buyers as well as buyers seeking to acquire a city residence as a second home.
Choosing a home is one of the most important decisions of our lives and it's vital to get it right. Young families and professionals looking for their first home should find the development particularly suitable. The high quality build and standard of finish, low maintenance costs and very competitive pricing should make the properties suitable for mortgage financing and ideal first buy.
The prime location with its convenient transport links should make the development very attractive for buyers looking for a second home or city residence to use during business trips or as a family holiday home.
The properties offer an attractive investment opportunity as well, expected to achieve a steady return of rental income and capital growth. Rental yields in Varna currently stand at 4% -5% annually and capital growth is forecasted at 5% - 7%, giving an overall investment return of a healthy 9% -12% per annum even at the prevailing subdued economic climate. There is however a significant potential for price appreciation as well as rental growth in an improved economic environment for prime properties in the best locations such as IVY HOUSE.
As with all our developments you can rely on L&M for an excellent customer service and aftersales support. You can rest assured that all your requirements as a resident or investor in IVY HOUSE will be dealt with in a timely manner.