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Hotel for Sale in Chayka Resort, Varna, Bulgaria — 10,375 m²

Hotel for Sale in Chayka Resort, Varna, Bulgaria — 10,375 m² — main photo

Hotel and Holiday Station Building with Approved Development Plan for Sale in Chayka Resort, Varna, Bulgaria

A building holding the status of a hotel / holiday station is offered for sale in the Chayka Resort area of Varna, Bulgaria, together with its plot. The property is stated to have an unobstructed sea panorama from ground level.

The seller states that the property is suitable for use as a hotel, residential building, boarding house, care home for the elderly, educational establishment, kindergarten or spa centre, subject to the applicable regulatory requirements.

Plot and Building

The property is situated in a plot of approximately 7,235 sq. m.

The existing building is arranged over four above-ground floors and one semi-basement floor, which is stated to be capable of conversion into a full ground floor.

  • each floor is approximately 433 sq. m, giving approximately 2,165 sq. m across the floors;
  • restaurant area of approximately 362 sq. m;
  • the building is stated to permit the addition of a further fifth floor.

Development Plan Parameters

The stated parameters under the detailed development plan (PUP) are:

  • area of the landed property: approximately 7,235 sq. m;
  • area of the regulated landed property (UPI): approximately 6,915 sq. m;
  • area ceded in favour of the municipality: approximately 320 sq. m;
  • designated use of the regulated plot: residential construction;
  • permitted height: up to 15 m;
  • maximum building density: 30%;
  • maximum floor area ratio (Kint): 1.5;
  • minimum landscaped area: 60%.

Development Potential

The seller states that a detailed development plan exists permitting conversion and further construction for residential purposes with a total built-up area of approximately 10,375 sq. m.

The existing building is stated to allow the works to be carried out in stages, so that part of the investment volume may be realised with a lower initial outlay. The existing building is reported to be served by its own transformer station, with connected capacities and utility accounts.

Location

The property is stated to be located near beaches and attractions in the area, as well as main roads and amenities, with asphalt access from two points and within a short distance of the sandy beaches of the Black Sea.

Price

The seller states that value added tax is not included in and will not be charged on the stated price.

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