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Development Project For Apartment Complex

Location  Bulgaria
Asking Price Range  $250K - $500K
Gross Revenues  $4000000
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2012
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Owned
Reason for Sale  Other projects to finish

Description  
Building plot with a construction project at Long Beach Shkorpilovtsi, Varna region. The building plot is located in the territory of the resort of Shkorpilovtsi, Varna region, 480 m away from the beach. Its total plot area is 1750 sq. m. Full permission has been issued for the construction of a residential complex /total build up area 4062 sq.m./, comprising 51 luxurious apartments distributed in three individual sections, arranged into an L-shape, plus a swimming pool, a park, a fitness centre, a coffee-restaurant, a shop and pool bar. The complex also includes a parking lot with 27 parking spaces and garages. The front side of the complex will reveal a view towards the sea and the back - towards a pine forest. The project has received the approval of the local authorities. There is permission issued for both electricity and water-supply to the complex. The construction site was opened, and it's temporally frozen now. The project has building permission till up 2018. For the construction issued 1,2,3 act. The future investor may continue construction at any time in stages - section A.B.C It is possible that section A to be completed, apartments to be sold and then to start working on section B. We are ready to start negotiations regarding the sale of the project with a building firm or developer to finish the project. OR sell the project outright Accents: 450m away from the longest beach-line in Bulgaria ( Long beach resort of Shkorpilovtsi); An incredible combination of fresh mountain air and sea climate; 35 km away from Varna city - Black sea capital of Bulgaria; 40 km away from the Varna's International Airport; An approved construction project; Permissions for electricity and water supply; Protocol for opening the construction site; Protocol for freezing of the construction approved by the local municipality; The Offer Includes: Elictricity Visa Architectural plans Building approval by stages - sect


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