Hotel for Sale in Elena, Veliko Tarnovo Province, Bulgaria — 989 m²

Hotel Complex with Adjoining Land for Sale in Elena, Veliko Tarnovo Province, Bulgaria

A hotel complex intended for the development of rural tourism is offered for sale in the Elena Balkan area of the Stara Planina mountain range, Veliko Tarnovo Province, Bulgaria.

Property Configuration

The complex is erected on freehold land of approximately 1,825 sq. m and consists of three buildings with differing layouts and set at differing levels relative to the terrain.

• built-up area: approximately 487 sq. m;
• total built-up area: approximately 989 sq. m.

The complex comprises a restaurant section, a residential section, a shop and an office.

Construction

The buildings are of solid monolithic reinforced concrete construction. The elevations feature articulated volumes and pronounced pitched roofs, using three principal materials: render, stone and timber.

An inner courtyard is situated between the three wings, with stone paving, timber detailing and landscaped gardens.

Adjoining Land

All adjoining plots surrounding the hotel section are stated to have been acquired, forming a consolidated area of approximately 50 decares. The adjoining land is stated to have undergone change of designated use, permitting further development of the hotel complex through the construction of additional buildings, sports facilities, parking and recreation areas.

Additional Features

Three plane trees, stated to be approximately 400 years old each, stand before the entrance of the hotel and have been retained by the owners.

Status

The complex is stated to be in the process of renovation and modernisation. The seller states that flexible arrangements are available in respect of payment of the price and transfer of title.