Regulated plot of land with building project in Obzor

We offer to Your attention a great investment opportunity!
The plot is situated at First line of the sea, between resorts Byala and Obzor and has an area of 3174 sq.m, with technical projects approved and issued for building two building.

- A Hotel with 40 double rooms, 15 apartments, Restaurant with 120 seats, lobby bar, sky bar, cafe, spa with gym, massage, sauna, jacuzzi;
- A building with 23 apartments with a total area of 4,900 square meters.

For the plot there are issued separate building permits for each of the two buildings (one for a hotel and the other for holiday apartments, as the hotel can be changed during construction in a building with apartments). This means that each of the buildings can be built separately and deploying separately, independently from each other. Building site can be opened up to three years from 02.05.2010g. and to finish the building under construction within five years from the date of opening of the construction site, for the commissioning of the building there is no limiting period. There is also the opportunity to build only one of the buildings.

All construction documents have been prepared and construction work can begin immediately, there is no risk of inability to construction, so actually there is no period in which the investment remains with land not build for unlimited time (there are cases in which investors, who buy plots and for years, cannot approve construction plans and projects).

Construction permits have indicators of development, which up to date cannot be met according to the Low for building in Bulgarian Black Sea coast, which also carries restrictions on construction on the first line of the beach and sea.

The building permits are issued for Plumbing of the plot. There is also a Notary Deed for right to build an electricity station with EON. There are contracts signed for all the communications for the plot, which is a problem for a large percentage of the parcels on the waterfront.