Sunflower Plains Development Site With Full Planning Permission For Sale

Business description

“Sunflower Plains"

Kavarna
Black Sea
Bulgaria

Ref No: CR079

A development site with full planning permission for 16 detached freehold bungalows with gardens, swimming pool, barbeque area, parking and shop
Situated close to two International standard 18 hole golf courses

Asking price: £245,000
for the entire freehold development
(£15,312 per house)

Nature of Business

Sunflower Plains is a "ready to roll" building project in a rapidly booming part of Bulgaria close to the Black Sea coast and new golf courses. The project includes just under 9,000 m² land, all permissions to build, reports and surveys, connections to utilities plus full archi¬tectural plans for 16 individual houses and site landscaping. All preparatory work has been carried out by the current owners ready for the building phase.

Capital Outlay

The project has been designed so that all capital investment has already been made up front and all further expenditure for the buyer is to be found through off-plan sales of the properties. The building phase of the project is expected to take less than 16 months. A full Sales Memorandum giving project details, time-scales and financials is available on CD by request.

Current Owners

The current owners are both English, resident in the UK and are happy to come and discuss the project with prospective buyers. Their office in Varna, Bulgaria, has helpful bilingual staff who can arrange visits, transport and accommodation. After purchase of the project, the office will be able to provide a range of services to facilitate the advancement and completion of the project.

Architectural Plans

There are full plans for the design of a single storey detached bungalow of 92 m² floor space (100 m² including terrace areas). The design is such that it may also be used as a mirror image. The architectural plans include all documentation for the construction of the house prior to final fitting stage.

Permissions

Bulgaria still suffers from a large amount of bureaucracy so tackling the labyrinth of permissions can take considerable time, dedication and local knowledge. However all this work has already been carried out and the building phase is ready to begin without further administrative tasks being required. A competent builder has also been identified should the buyer wish to use this company.

Property information

Location:

Village location and site details

Hadji Dimitar is a village on the main highway that passes parallel to the Black Sea coast up to the border with Romania. The village is 3 miles inland and 5 miles from the nearest large town, Kavarna. The nearest of the two international standard golf courses that are under construction is south west down the highway just the other side of Kavarna and less than 10 minutes by car. Local areas of interest include:

Cape Kaliakra (15 minutes) - designated a nature reserve in its own right, this is a spectacular promontory jutting into the Black Sea giving views down the coast as far as Varna.

Durankulak and Shabla Lakes Conservation Area (20 and 30 minutes) - further up the highway towards Romania are these two beauty spots where the inland lakes partly join the sea.

Beaches - a number beaches lie in easy reach including Rusalka (former Club Med resort), Tyulenovo, probably the nearest, and Krapets, clean and mainly deserted.

Kavarna marina - now being revamped with the construction of numerous luxury apartments around the bay.

Golf courses - both designed by Gary Player and both still under construction, the nearest, Thracian Cliffs, stands next to the sea on low lying plateaux and consists of an 18 hole course with a neighbouring 9 hole practice course. Numerous luxury complexes are planned for the immediate surrounds.

Airport - currently the nearest airport is in Varna approximately 66 km away. A new airport is scheduled to be built south of the golf courses and within easy reach of the resort of Albena.

Resorts - all of the more major resorts are some distance south from Hadji Dimitar. Albena is the nearest (30 minutes) and also the most sophisticated of a number stretching towards Varna. The town of Balchik (25 minutes), although not strictly speaking a resort, is a popular and picturesque harbour town with seaside bistros and restaurants.

Hadji Dimitar itself is a typical Bulgarian village of about 400 residents. Most of the houses are single storey, with a certain "ethnic charm". A few newer houses are appearing in the neighbourhood marking the return of those who have made good in the city now looking for a rural retreat.

Out of interest also, the millionaire ex-mayor of Sofia has chosen this area to have his country retreat and has his own extensive property one minute up the road.

The Plot

The plot lies on the western edge of the village adjacent to the main road. The road itself is fairly quiet carrying minimal traffic north to Shabla, a smallish, agricultural town, and further on to the Romanian border. A lane leading into the village passes along the western boundary of the plot. The land is even and has until recently been used for agriculture. A new metal fence with gates to the adjacent lane has been erected around the plot. Of particular interest is a deep bore hole with attached pump, which is in good working order and is a particularly useful commodity in an area where water supply cannot be 100% guaranteed throughout the year, especially when it comes to filling a swimming pool and watering lawns. Three phase electricity is also provided on the plot, which currently runs just the pump. A contract has been signed with the electricity company to provide a single phase supply to 16 houses.

About Bulgaria

Bulgaria is situated in the south eastern corner of Europe, sharing a border to the south with Greece and Turkey, to the west with Macedonia and Serbia and to the north with Romania. The Black Sea runs the length of its eastern boundary. The population is just seven and a half million, one and a half million of which live in the capital Sofia on the western side of the country.

Bulgaria is a politically stable country with a developing economy, whilst the preferential conditions and guarantees for foreign investors have generated excellent business opportunities and investment growth potential. Bulgaria real estate prices are substantially lower than other destinations in Europe and the acceptance of Bulgaria into the European Union in January 2007 has been one contributory factor for the unprecedented rate of growth in real estate over the last two years, which seems set to continue for the foreseeable future.

The majority of people who are buying property in Bulgaria are looking for holiday/second homes, often with a view to retirement in later years although there are an increasing number of investors who are simply buying property with a view to making a capital gain in the short or long term. This increasing interest, along with other factors such as the rise in tourist numbers and increasing awareness of the opportunity, makes Bulgaria one of the hotspots of Europe.

Other information

Reasons for selling:

Other business opportunities.

Contact the seller