We are delighted to offer you this plot of land 500 m. away from the village of Balgarevo (Northeastern Bulgaria) comprising 3 500 sqm. It is situated right next to the Black Sea with 35 m. directly facing the water along a clif. The view is excellent, especially combined with the gorgeous nature of the area.
You are legally allowed to build on the plot, which makes it a great opportunity.
The maximum height for building, which can be developed on 40 of the land, is 3 storey building. If you wish, we can also manage the project for you.
The price of the land is - 99 Euros/sqm.
The place is ideal for building a summer house or several due to its proximity to the sea water and the quiet area, perfect for healthy life throught the year. The regulations allow for the development of 3-storey-high buildings on a total of 1 400 sqm of the land. Optimally, this means a total of about 4 200 sqm of build up construction.
These could be several houses, a pool, a fitness center and/or tennis courts. On the other hand, the land can be developed into a “Wellness Center” with great success. This is a new concept for the country that will be very well accepted both by Bulgarians and international tourists. For this the clean air, the Mediterranean climate of the area and the unspoiled nature nearby will be of great use. It is even more important to mention that there are mineral water and a mud with good qualities here that could be used for balneology.
The minimum expected sale price of the finished construction is €1000/sqm, which means that the whole resort village could be sold for close to €4 200 000. The total price for development will be only about half of that sum. For this, of course, you need serious research and analysis – something we can help you with.
We are also ready to accept a partnership, in which we would help you run the project. Naturally, this can be negotiated further, but we want you to know that we can provide all the necessary construction work and services.
In case you don’t want to sell the village after construction is finished, you need to know that this will be quite profitable business. Labour in Bulgaria is still very cheap, which is especially true for the tourism sector. The total number of persons to use hotels in the country, both foreigners and Bulgarians, has been steadily rising by over 20 for the last few years 2004-2007. The people in the region are also becoming ever stronger consumers. The Bulgarian economy is now very stable and has been growing by an average of 5 for the last 5 years, a trend that is widely expected to improve even more. Furthermore, business persons here consider the environment to be ever more hospitable, a guarantee for a profitable future.
Among all factors for success are the very suitable climate, the unspoiled nature and the proximity to the sea and the beach (within 2miles). Just as important are the numerous historical monuments, cultural life in the towns nearby and the long tradition of working in the sector. This part of the country offers perfect conditions for developing ecotourism and other forms of specialised tourism. Throughout the year one can see many different and rare species of birds, as well as other animals, including dolphins.
Here you can find the unspoiled nature and same time being close to the modern life.
There are several towns near Balgarevo. Most of them can be found within 5miles from the land we are currently offering. The big cities and the International transport connections can be reached in to 30 to 40 minutes. And let's not forget that Bulgaria is now part of EU.
If you are very interested there is a possibility to purchase the whole 29 500 sqm. which the adjacent plots form together with this one. All of them in regulation and with the same construction permits. The 3'500 sqm plot is shaded in pink. The rest is marked with a green line.
