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Great Investment On The Seaside

It is a perfect investment opportunity! 12 660 sq m seaview lot with a building permission, steps from Sunny Beach, close to historical Nessebar! The lot is located between the mountain village of Kosharitsa and one of the best summer resorts on the Bulgarian seaside - Sunny Beach. The property is less than 3 km from the sea and Sunny Beach's casinos, restaurants, clubs, shops and luxurious hotels. Next to Sunny Beach is located historical Nessebar - one of the oldest and most charming towns on the Black Sea coastline, famous for its beautiful ancient architecture, arts and crafts, etc. A new road is being constructed by investors from the neighbouring lots and the road passes beside the lot. Electricity and water are close as well. Lots of foreigners have already purchased houses and land and many construction companies are building vacation villages and small hotels in the area. Therefore the infrastructure is constantly improving.

Infrastructure: In 2007 a new motorway connecting Sofia and Burgas will be completed. As a result the trip from Sofia by car should be reduced down to 3 and a half hours. The closest airport is Sarafovo in Bourgas, about 30 km away. It is leased by a German company and is undergoing major renovations. From Bourgas it takes about half an hour to get to the property.

The land (12 668 square meters) consists of two adjacend seaview lots with a building permission, 6334 sq m each. The separation is just techical - it was done for regulatory convinience only.
Status: Building permission issued. At the moment buildings up to 7 meters high can be constructed on up to 40% of the land but that can be easily upgraded to 10 meters/60% (we can deal with this if needed).

With Bulgaria joining the EU in January 2007 the prices in the area are expected to rise dramatically. This is an excellent opportunity to aquire a relatively large lot in a fast growing area, perfect for building a vacation village/summer houses/villas or for resale as smaller lots.


ID: 1046
Property Status:  Available
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District:  Sunny Beach
Price Euro:  €444,080
Price GBP:  £386,083
Price USD:  $495,682
Category:  Development land
Plot Size :  12,660m 2
Location:  In beach resort, On the sea, Near spa resort, Near town, In fishing area, In vacation place
Published:  Wednesday, August 15, 2007

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The plot is located in Sunny Beach-the largest tourist resort on the South Black Sea Coast. The white sands of Sunny Beach are spacious, 8 km long and from30 to60 m.wide. The land offered is fully regulated, ready for construction (with an idea project for a holiday complex that may be used), located on the front line of the main road Bourgas -Varna, after the crossroad leading to Sunny Beach and the ancient town of Nessebar. The plot is located opposite to an artificial lake with plans underway for utilizing as a water sports center, situatedon the beach side of the road. Coefficients for construction: Area of the plot 12 005 sq m., KINT 1.90, Height 15m, Density 40%,Green land 50%,TBA 25 000sq.m., Statute-for Residential and Commercial construction. The coefficients of the plot allow a 30% larger construction than any other plot in the neighbourhood. Face of the plot to the main road Bourgas -Varna is137 m, distance from the land to the shore line-1 000 m, distance from the plot to the airport of Bourgas30 km. The market evaluations of the plots in this region in the current situation range from50 to100 euro/ sqm., but none with such high coefficients. The regional plan is for hotel, commercial and residential construction. There are already hotels and a MALL under construction as well as warehouses and business centers. The location of the land on the 1stline of the main road Bourgas -Varna provides an excellent opportunity for development with unparalleled access. The price does not include VAT.  

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