For the entrepreneur in Kranevo - this is a very popular tourist centre where land prices in certain parts have risen from Euros 70 per sqm to 150+ in under a year. We have been offered a plot of 42 m (frontage) by 17 m (714 sqm) in the very centre of Kranevo. This is the best plot in Kranevo. Currently, this plot houses one of the first pizzeria restaurants in Bulgaria (opened early 80s - 200 covers) and a house behind it. The owner wishes to demolish everything and build a 3-storeyed tiered complex to comprise 20 apartments of 84 sqm each, and ground floor for retail outlets (10) and is looking for a foreign investor to accomplish this (approx investment of 1.6 M Euros) - intending to retain some of this property as agreed with investor. However, there is permission to build up to a max of 5
storeys, which should yield 40+ apartments. Fantastic opportunity for entrepreneur. |
