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Hotel for Sale in Balchik, Dobrich Province, Bulgaria — 7,788 m²

Hotel for Sale in Balchik, Dobrich Province, Bulgaria — 7,788 m² — main photo

Plot with Approved Project and Commenced Construction of a Residential Complex for Sale in Balchik, Dobrich Province, Bulgaria

A commercial property comprising a plot with a design project and commenced construction of a residential complex is offered for sale in the Dvoretsa resort zone of Balchik, Dobrich Province, Bulgaria.

The development is stated to have a built-up area of approximately 3,840 sq. m and a total built-up area of approximately 7,788 sq. m.

Plot

  • total plot area: approximately 3,139 sq. m;
  • level difference across the plot: approximately 12 m;
  • rectangular shape, with a street frontage of approximately 44.33 m and a depth of approximately 57.85 m;
  • the terrain is stated to be cleared and not fenced;
  • orientation stated to be south-west / east.

Building Schedule

  • Block A: built-up area approximately 584 sq. m, total built-up area approximately 3,242 sq. m; cellars with a built-up area of approximately 679 sq. m;
  • Block B: built-up area approximately 529 sq. m, total built-up area approximately 3,038 sq. m; cellars with a built-up area of approximately 467 sq. m;
  • adult swimming pool with a built-up area of approximately 115 sq. m;
  • children’s swimming pool with a built-up area of approximately 12 sq. m.

Planned Distribution

Block A:

  • floor 1: four apartments with sanitary facilities and terraces, two offices and four shops;
  • floors 2, 3, 4 and 5: six apartments with sanitary facilities and terraces and two offices on each floor;
  • floor 6 (attic): four studios with sanitary facilities and terraces, and a panoramic bar.

Block B:

  • floor 0 (ground level): six apartments with sanitary facilities and a porter’s lodge;
  • floor 1: eight apartments with sanitary facilities and terraces;
  • floors 2, 3, 4 and 5: eight apartments with sanitary facilities and terraces on each floor;
  • floor 6 (attic): seven studios with sanitary facilities, terraces and storage rooms.

Block A is stated to have seven floors, including an attic floor; Block B is stated to have six floors, including a ground and an attic floor.

The complex is stated to consist of two blocks with a total of 90 one-bedroom and two-bedroom apartments and studios, each with its own sanitary facilities, a living room with dining area and kitchenette, hallway and terrace with sea view. The apartments are stated to vary in area and in terrace size. The total stated capacity is approximately 240 beds.

The project is stated to provide for cellars and service rooms, staff rooms and storage areas.

Construction Status

The project is stated to be at the construction stage, with the foundations laid and the first two floors built. Reinforced concrete slabs are stated to have been cast at level +3.40 m for Block A and +2.75 m for Block B.

The project provides for an adult and a children’s swimming pool. The seller states that this may be amended to form a garage beneath with covered parking spaces and open parking along the perimeter on one side of the complex.

The blocks are stated to be divided by floor with the exception of the first floor, where shops and offices facing the street are planned.

Design Concept

The complex is stated to have a level difference of approximately 12 m, which is stated to afford a panoramic outlook towards the sea. The design concept is stated to orientate the entire complex towards the sea and to integrate with the natural setting of the terrain and surroundings.

Utilities

All utility connections are stated to be available: electricity, water and sewerage.

Location and Surroundings

The property is stated to be located in Balchik, Bulgaria, with asphalted year-round access, and approximately:

  • 15 minutes on foot from the sea shore and the coastal strip;
  • 50 m from bus stops, shops, catering establishments, restaurants and bars;
  • 100 m from the Botanical Garden in Balchik, Bulgaria.

A petrol station, pharmacies, a hospital, a school and a kindergarten are stated to be located in the area. The Architectural and Park Complex Dvoretsa is stated to be a few minutes’ walk away. Cape Kaliakra, the Aladzha rock monastery and the Albena resort complex are stated to be relatively nearby.

Intended Use and Price

The property is stated to be suitable for acquisition as an investment for tourism-related development, including as a resort and tourist facility, hotel or holiday home.

The stated price is exclusive of VAT. The seller states that the price is negotiable.

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