Building plot with project near Albena

We offer for sale a residential land with planning permission for 7 villas on 6000 m2 sea view plot with warm mineral water. It benefits from a rare combination of factors in one, secluded place: sea and mountains view, quality warm mineral water source, pastoral location on the edge of National Nature park while having fast connection to the sandy beach , the city and the airport.

There is an option to buy a neighboring similar development for 14 villas on 10000 m2 plot.

The project is situated at the attitude of 150 m above the sea level between Osenovo and Kranevo villages , 3 km from the sea, with asphalt road access almost to the plot (without the last 300 m). Osenovo village is 1km away , Albena –Kranevo Beach is 3 km away , Varna is 17 km with easy access via motorway.

SPA Water
The development has a warm mineral water supply contract for 7 houses from the exclusive for the seashore 1,4 km deep drill situated just in 900 m from the plot. Water is 30 C, drinkable with curative features and suitable for bathing and everyday drinking. The water mineralization is about 200 mg/l, Ph 8.3, Magnesium 33 mg/l, Calcium 58 mg/l which place this water in one line with low mineralization Evian type spring waters.

Except for drinking the water can be used for mineral pools naturally maintaining pool temperature above 24 C for 5 month from May to October.

In addition to spa water there is an own drill inside the plot with water supply for 7 houses.

Renewable energy option
Due to south facing location of the plot, the slope and constant breezes from the sea its cost effective to use mixed a solar/wind installation for electricity supply. Our current quote for the system powerful enough to supply up to 20 bedrooms during a spring-summer-autumn period is about EURO 30k, turnkey.

Architecture Options
The current permission is for 7 houses totaling 1522 m2 of build up area designed exclusively by British architectural boutique in a modern style with elements of traditional Bulgarian architecture. The easy slope of the plot towards the sea will provide a magnificent panorama of the sea and mountains from almost every house. There are also a pool and service buildings.

During the renewal of the current permission its possible to change the layout and architecture to the style and size desired building up to 5 times more (7200 m2 of TBA) with maximum height of 4 stories.

Rental Prognosis
The current owners operate several vocational rental properties in close to the development. In the last five years there is a shortage for a larger properties (5-7 bedrooms) for big groups. The suggested plan is to build 3 six-bedroom prefabricated houses with potential annual turnover of 100000 Euro per year (based on current documented income from similar properties).

Prices
For 6000 m2
Development Price (land + project) : 160 000 EURO

Construction and Completion price, up to the rental condition, including pools, landscaping and furniture is 680 000 euro for 1000 m2 total build up area and 150m2 of pools. It will comprise of 3 sixe bedroom houses (Canadian Sandwich technology) , three 50 m2 pools , 300 m access road, fencing. Service building and Alternative energy installation (with energy cost close to 0).

For 16000 m2
Development Price (land + project): 400 000 EURO
Construction and Completion price, proportionally

Viewings
We are ready to organize a viewing of this property at a time convenient for you. Please contact the responsible estate agent and inform them when you would like to have viewings arranged. We can also help you with flight tickets and hotel booking, as well as with travel insurance.

Property reservation
You can reserve this property with a non-refundable deposit of 2,000 Euro, payable by credit card or by bank transfer to our company bank account. After receiving the deposit the property will be marked as reserved, no further viewings will be carried out with other potential buyers, and we will start the preparation of the necessary documents for completion of the deal. Please contact the responsible estate agent for more information about the purchase procedure and the payment methods.

After sale services
We are a reputable company with many years of experience in the real estate business. Thus, we will be with you not only during the purchase process, but also after the deal is completed, providing you with a wide range of additional services tailored to your requirements and needs, so that you can fully enjoy your property in Bulgaria. The after sale services we offer include property insurance, construction and repair works, furnishing, accounting and legal assistance, renewal of contracts for electricity, water, telephone and many more.