I am thrilled to present an unparalleled opportunity for you to join forces with me in a lucrative joint venture. I am the proud owner of a substantial 2271 square meter plot of land, strategically located on the main road connecting Borovets Ski Resort to Kostenetz. This exceptional piece of real estate is just 700 meters away from the renowned IBAR 18-hole Golf course, designed by the legendary Jack Nicklaus, and within close proximity to a natural Spa in Dolnya Banya. Additionally, it's only a 7-8 minute drive from the world-famous Borovets Ski Resort.
Let me paint a picture of the incredible potential that this land holds. I'm offering my land, and I'm seeking an investor to capitalize on this golden opportunity by developing a project, such as apartment blocks, a small hotel, a restaurant, or a cafe. The local property market is already thriving, with rentals starting at a reasonable €50 per night for a Studio, as showcased on TripAdvisor.
The strategic location of this land, only 16 km from Borovets Ski Resort, makes it an attractive investment prospect. Ski properties in Bulgaria have consistently demonstrated their value, especially given the high demand for accommodation during the peak season from beginning of December till end of March for Ski season and from May till October for Golf, Spa and Lake Summer Holiday. Furthermore, with just a one-hour drive from Sofia Airport, this location offers accessibility and convenience to potential guests.
In addition to its proximity to the ski resort, the land is a mere 2-minute drive from the Dolnya Banya Natural Spa Resort, known for its healing earth mud treatments. This presents a unique opportunity to build a small hotel that caters to those seeking both ski holidays and spa treatments.
My land is located only 700 meters away from an 18-hole golf course around 10,000 m in length in Dolna Banya. Next to it is an airport for small private jets where pilot courses are organized. The region's infrastructure is rapidly developing, making it an ideal location for a restaurant or hotel, or perhaps a combination of both. The original building permit, granted in 2007 and expiring in 2017, can be renewed to construct the same project or an even more substantial development, considering changes in the law since the original permission was issued. The previous permit allowed for a 340 square meter ground floor with the potential for expansion to 455 square meters across two floors.
When I initially acquired this land, I invested €48,000, including the purchase price, planning permission fee, lawyer fee, and agent fee. However, due to the booming infrastructure development in the area, the property's value has skyrocketed, varying between €1000 per m sq to €1600 per m sq for finished property. A conservative estimate suggests that a 30-Studio apartment complex could yield between €300,000 to €400,000 in revenue, with a profit margin of €200,000 to €300,000, factoring in the construction costs maximum of €100.000 for 30 units of apartments including all permits and other necessary documents.
This is a unique chance to be part of a flourishing venture in one of the most coveted locations in Bulgaria. If this opportunity excites you, I invite you to reach out to me directly via email.
Let's seize this moment to turn this prime land into a thriving investment.
I look forward to discussing this remarkable joint venture opportunity with you.
