This proposal aims to present an attractive opportunity for the acquisition of a hotel property –Located in the town of Kavarna, Dobrich District, Republic of Bulgaria.
The site combines a prestigious location, functional architecture and readiness for operation, providing excellent prerequisites for the immediate continuation of the activity, as well as for renovation and development according to the individual vision of the future investor.
Thanks to its strategic location on the Northern Black Sea coast, Hotel represents a promising asset with potential for sustainable growth, suitable for investors and operators in the field of tourism and hospitality.
The following sections provide detailed property data, legal information, financial parameters and terms of the transaction, aimed at assisting you in making an informed decision about this investment opportunity.
I. SUBJECT OF THE PROPOSAL
This letter constitutes an official offer for sale of the hotel property, located in the town of Kavarna, Kavarna Municipality, Dobrich District, Republic of Bulgaria.
II. DESCRIPTION OF THE PROPERTY
2.1 Location and identification
Location: BULGARIA, Kavarna, Kavarna Municipality, Dobrich District
2.2 Construction features
Number of floors: 3 (three)
Total area: 344 sq.m (according to the sketch of the building No. 15-831544-28.07.2021)
Built-up area: 344 sq.m
Purpose: Wanted
2.3 Functional characteristics
32 double rooms
4 apartments
Snack bar
Heating
Central water supply and sewerage
2.4 Main facilities and services
Reception, dining room, kitchen, administrative premises, parking lot and landscaped yard.
2.5 Condition of the property
The hotel is in operational condition and has been actively functioning until 2012. and is maintained year-round to welcome guests. All major systems – electrical, plumbing, sewerage and heating – are in full working order.
IV. PRICE AND FINANCIAL CONDITIONS
Sale price: 600 000 EUR (six hundred thousand euros)
Currency: Euro (EUR)
Payment method: negotiable
o Full payment upon signing of the contract or
o Deferred payment by mutual agreement.
Additional costs (at the expense of the buyer):
Notary fees, court fees, acquisition tax, registration costs, commissions and other administrative costs.
V. CONDITIONS OF THE PROPOSAL
Validity period: 90 calendar days from the date of issue
Legal form: the transaction will be carried out through a notarized contract of sale, in accordance with the Bulgarian legislation
Handover of the property: up to 30 days after signing the contract (by mutual agreement)
Inspections: the buyer has the right to carry out a full technical, legal and engineering inspection of the property before finalizing the transaction.
VI. DOCUMENTS AND WARRANTIES
The seller guarantees:
1. Legal possession of the property
2. No legal disputes and encumbrances
3. Roadworthiness and readiness for use
4. Full validity of the documents provided
The following documents will be provided:
1. Cadastral sketches and plans
2. Title deed
3. Technical passport of the building
4. Certificate of absence of tax liabilities
5. Current cadastral certificate
6. Energy passport (if applicable)
VII. TRANSACTION PROCEDURE
1. Adoption of the proposal
2. Legal and technical due diligence (up to 14 days)
3. Finalization of contract details
4. Selection of a notary and preparation of documentation
5. Signing the Purchase and Sale Agreement
6. Payment of the agreed price
7. Registration of property in the cadastre
8. Handover of keys and documents
IX. ADDITIONAL TERMS AND CONDITIONS
Confidentiality: All data provided under this proposal is treated as strictly confidential.
Non-binding: The offer is a commercial offer and does not create obligations for the parties until a formal contract is signed.
Amendments: All amendments and supplements shall be made in writing and with the signatures of both parties.
Applicable law: The legislation of the Republic of Bulgaria.
