Building Investment Project In Town Of Sozopol For Sale

Business description

Building investment project "Apolonia Palace" in town of Sozopol on the bulgarian black sea coast

Our offer includes: ownership of land, signature projects /approved from the municipality of sozopol /; issued building permits with all taxes paid /including taxes for joining power supply system and taxes for using terraneous mass/; advertising catalogues in three languages and 3d visualizations.
The owner don’t undertake to do the construction work.

location: - in sozopol city itself. The complexes are situated on a hill, which appears the highest point in the locality and it is with an exclusive bipartite sea view from every future apartment.

distance: 350 m away from the sea coast

nearly touristic complex : “santa marina” / 800 m /

parameters “Apolonia palace”: 64 apartments and total build-up area 5 047sq.m.;
price - 930 000 EUR – not vat (20%) included.

“Apolonia palace” shall turn into the largest holiday complex within the building frames of town of sozopol, where by tradition the buildings are not large.

status: currently the area is clear from old buildings, leveled and completely ready for the building start – in a juridical and a building aspect.

Satellite coordinates :
N 42 24.790
E 027 41.350

In brief the calculations are, as follows:

- price of project (land + rational designs + construction solutions) :
5047 sq.m. x € 184 = € 930 000 *
- price of construction “turnkey” :
5047 sq.m x € 350 = € 1 760 000
TOTAL EXPENSES: € 2 700 000

- sale of 5047 sq.m. x € 850 = € 4 300 000 - minimum price
- sale of 5047 sq.m. x € 1 200 = € 6 000 000 - optimum price
- sale of 5047 sq.m. x € 2 000 = € 10 000 000 - maximum price **
TOTAL PROFIT: € 3 300 000 – € 7 300 000 depending on the conception.

* the price of the project is conformed to the financial crisis that we are all starting to emerge from and is reduced by a double amount compared to 2007.
** the estimated selling prices are conformed to the real estate market in Sozopol at present time. For reference – see the site of the complex situated in the closest vicinity to Apolonia Palace: (declared as a holiday complex No. 1 of Bulgaria), where the prices start from 1700 €/sq.m. for apartments without sea panorama and from € 2 300 – with sea panorama. In Apolonia Palace the sea panorama is 98 % guaranteed from each future apartment. Apolonia Palace is situated within the town limits and Santa Marina – at 1 km distance out of Sozopol.


For more information please click on the contact seller button below.

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