attractive building plot with great potential, Burgas

Burgas, Bulgaria – ID 5723
23,289,600 €
Area 58000 m2
Sea 50 m
A rare find! An investment opportunity! We offer an attractive building plot in Burgas. The land has 58000m2 intended for development for the purpose of "for resort activities". It is located right by the sea coast, in the first line of the city of Burgas and Lake Atanasovsko, in an area with new infrastructure built according to the European project. Based on the preliminary design studies, it is possible to build about 28 264 m2 total built-up area (residential units and hotel part of two floors plus attic, which is not included in the calculation of the profit on investment), garages - 17 656 m2 and underground SPA center 3 239m2. The offer price per m2 of land is 400 EUR/m2!, which corresponds to the amount of 23 289 600 EUR. The land is connected to all utilities. In the case of luxury construction, the construction and installation is a maximum of EUR 500/m2 for turnkey completion. Estimated construction costs:
The total cost of the total investment (land and construction) is €44,337,900. Sale of the built unit at realistic price - 70 375 730€, which corresponds to a profit before tax ( 10%) of 26 037 830€. In addition, there is the possibility of seriously expanding the number of built units with mansard ( high enough, attic floor) and of course there is the possibility of profit from managing the whole luxury district that will be created here. The location offers the possibility of residential living by the sea and at the same time in the city and not in the last place immediately next to the balneological lagoon, which has been proven to contribute to human health. Lake Atanasovske is known as a bird paradise. It is a very salty lake which is a protected zone and 314 species of birds reside there, a large part of which- protected species. The lake offers a wonderful spectacle and attracts people from all over the world. Near the property there is also a new large fishing and yacht dock, a daily market of freshly caught fish, etc. On the northern edge of the property, construction is already starting on the new urban district "Kiosheto" which will be a luxury, high end residential district, price per m2 starts at 1950€ ( green). The land has a huge investment potential and offers orders of magnitude more possibilities besides the profit from the units built.
Burgas is the largest city in southeastern Bulgaria and the second largest on the Bulgarian Black Sea coast, and with an area of 253,644 km² it is also one of the largest in the country. According to the latest NSI census as of 31 December 2015, it has 203,017 inhabitants, making it the fourth largest city in the country. Several nature reserves and protected areas, ancient and medieval villages, the Black Sea and annual festivals attract many tourists. Burgas, located at the westernmost point of the Black Sea, gave its name to the bay of the same name, which is the largest and most populated on the Bulgarian Black Sea continent. The city is surrounded by the Burgas Lakes- Burgas, Atanasovsko and Mandrensko and the Black Sea to the east.
Among the first inhabitants of the region were the Thracians, who around the 6th century BC created a series of settlements in the territory of today's Burgas, along with the nearby towns of Apollonia, Mesembria, Anchialo. The climate in Burgas and the region is characterised as humid subtropical with marine and continental influences. The average summer air temperature reaches 26.7 °C in July, with maximum daily temperatures above 20 °C occurring until November. The average number of monthly hours of sunshine is 328.6. A continental influence is evident in the winters, but winters remain much milder compared to the interior and snowfall is relatively sparse. The future development of the city is related to the opening of Burgas to the sea and lakes. In this context, the Super Burgas project is discussed. The upcoming project on public cycling, on the removal of heavy traffic from the central part of the city, on the restoration of St. Anastasia Island and the bridge, as well as on the rehabilitation of the historic centre, has already been implemented. In 2012, two shopping centres were opened in Burgas. The opening of a multifunctional sports hall and a coastal asphalt road connecting Burgas with the new district of Kyosheto and the Sarafovo district is planned.
Sea view
1
Area
58000 m2
Shop/Market
2 km
Healthcare
2 km
Coffee
2 km
Restaurant
20 m
Bar
2 km
училище / Kindergarten/school
2 km

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