Exclusive investment offer

• 5

Business complex - located in Briz quarter – south with an area of 2 310 sq.m. It is placed in a seaside park with gorgeous greenery, very close to the Sea garden in Varna
The plot has the following characteristics:
• Approved Detailed Urban Plan with parameters:
- intensity of building – 50 %
- maximum height of the future building – 10 m
- coefficient of building-up intensity – 1.5
• Infrastructure :
- the plot has face to Levski blvd.
• Electricity /the electricity collector is 100 m away/
• Sewage system next to the plot
• Water piping next to the plot

Using the displacement of the plot, an extended overall floor area of 5000 sq.m. is possible to be achieved. There are approved projects for a residential building and they can be changed into business buildings, shops and office buildings.

Projects for all specialities

• Building permission for development of 2700sq.m., an additional 2500sq.m. are worked on at the moment, they will be added to the areas above the ground.
- the projects contain – commercial centre-offices, shops/supermarket, a bank, an insurance company, pharmacy, Bulgarian Telecommunication Company, Globul – mobile connections, fitness centre, dry cleaning, optician, restaurant, beautician and others, eventually there will be some residential apartments added as well.
- The building is totally exposed to south – western direction, and has three possible entrances / one for the commercial centre, one for the underground parking and one for the residential building /
- Underground parking for 100 cars

Economical substantiation

Total spread build up area 6963cq.m. / 2 100sq.m. residential area, 3 200sq.m. commercial area, 1313sq.m. – Underground level/ 100parking spaces.
.
Expenses for the development up to full completion / luxury finishing / :
Maximum value 2 600 000EUR
Term for completion – up to 18 months

Rental incomes form the residential and commercial areas per month:
- commercial area 3 550sq.m. x 10EUR/sq.m.= 35 000 EUR
- residential area 2 100sq.m. x 5EUR/sq.m.= 10 000EUR
- 100 parking spaces = 6 000EUR
51 500E
Total return for approx 8 years



The owner of the land takes part in:
1. The purchase of the plot
2. The making of the Detailed Urban Plan
3. The assigning projects – for all specialties and their approval from the relevant institutions
4. The building permission
5. The ensuring of the access from the main boulevard
6. The ensuring of the communications
7. The engaging of the development company/agreed with the investor
All the above had been fulfilled apart from number seven – a choice of a developer.

The investor takes part in:
1. Financing the project until the full completion of the development

Suggestion for distribution of the incomes

50% each – Investor and Owner

Priority for the development of the investment project is after its completion to be rented for a long term.
At present there is a strong interest coming from prestigious trade firms, supermarket chains, insurance companies, banks, etc.

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