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Bulgarian property investment is both financially and culturally rewarding. The real estate market from Bulgaria is relatively unexplored and offers incredible investment opportunities. Whether using Bulgaria property as a second home or as a vacation rental, there is never been a better time to buy Bulgarian property.

Property Type: apartments
Location: Varna
Living area:
Number of Rooms: 0

Price:

€ 2800



Description:

Port Palace complex in Sunny Day resort

Port Palace complex is situated in the northern part of Sunny Day resort, on the very beach. The ground is flat and the coast has been reinforced. A three-storey building in a rough construction has been set up in the property envisaged for a restaurant. The present project suggests reconstruction and finishing of the existing building and raising additional storeys, thus forming a housing estate with a café, a swimming pool, a food shop. The sea side alley of the resort lies to the west of the property, the road from the north along the property parts into a quay inside the sea, the border to the east of the property is the sea, and on the south the ground is vacant and allows the development of a recreation area with a swimming pool and a park. The main entrance of this building is planned to be on the side of this vacant area. A food shop and a balneology centre are intended to be built in the housing estate with an entrance to them on the seaside alley side. The business unit and the café supply are designed to be in the southwestern part with an access from the seaside alley, and the supply area is hidden in the building.

Living floors will be developed from elevation +7.44 to + 27.96 following one and the same design with small variations in the third and fourth floor. The construction height of the flors is 3.15m. The plan of the living floors includes 2 two room flats- 96.12 sq.m, 94.64 sq.m and 14 three room flats- with sq. surfaces from 93 to 166 sq.m. Each flat avails of a living room with a kitchenette, bedrooms, bathrooms and WCs and terraces.

The tenth floor is a mansard except for the central part. The flats there will have garret windows.

The top mansard floor will be situated in the central part and will include 4 three-room flats and a four-room one.

The roofs will be of the mansard type as well as flat heat-insulated ones.

The building will be a modern interpretation of the palace type construction. The existing building and the new one will fit together in harmony. The existing part will be faced with stone and serve as a heavy pedestal for the high superstructure. The façade of the upper body will be characterized with a strict rhythm of alternating balconies with balustrades and oriels. The garret windows of the mansard floors will follow the same rhythm. The high mansard roof will accentuate on the palace appearance of the building.

Technical and Economic indices:

Area of the regulated land property: 29 000 sq.m

Built-up area: 3 048 sq.m

Spread built-up area: 26 372 sq.m

(incl. the basements: 2 951 sq.m)

The third to the 11th floors are designed for living. The total number of flats is 133, comprising 18 two room ones, with area ranging from 89 to 101 sq.m, 114 three room ones, with area ranging from 91 to 270 sq.m and a four room one with an area of 177.80 sq.m.

Price: 2800 euro per sq.m

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The membership of Bulgaria in EU will not change the selling or the rental price levels for properties in Bulgaria according to experts. Whether this will happen and who will benefit most from real estate trading - sellers or those who rent out their properties has still to be seen. Bulgaria is fast becoming one of the hot markets for British and Irish investors and we believe that Bulgaria offers an unrivalled investment opportunity. With all of these facts you should be able to expect a healthy profit on your investment.

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