Hotel for Sale in Sunny Beach Resort, Burgas Province, Bulgaria — 2,700 m²

Hotel Property for Sale in the Sunny Beach Resort, Burgas Province, Bulgaria

A hotel property is offered for sale in the northern zone of the Sunny Beach resort, Burgas Province, Bulgaria, stated to be located approximately 250 m from the beach and in the immediate vicinity of the Helena Resort and Majestic Beach Resort complexes.

Property Configuration

• total built-up area of approximately 2,700 sq. m;
• plot area of approximately 3,336 sq. m;
• 55 double rooms and apartments, with a stated possibility of extension by a further 10-15 double rooms;
• restaurant with garden, approximately 150 seats;
• outdoor swimming pool with external bar;
• spa zone comprising sauna and steam room;
• retail units;
• parking for approximately 20 vehicles.

The seller states that the documentation and operating permits required for the property are available.

Income Sources

The seller states that the property generates revenue from several sources, namely accommodation, the restaurant, the retail units and the spa facilities.

Location

The property is situated in an established hotel zone of the Sunny Beach resort, Bulgaria, which is stated to have limited new construction. The resort is served by developed infrastructure and logistics and is stated to attract both leisure and family visitor segments, including visitors from Central and Eastern Europe, Israel and Scandinavia. Amenities in the surrounding area are stated to include water sports and beach clubs, water parks, yacht excursions and marine attractions, casino and show programmes, and sporting and cultural events.

Suitability

The seller indicates that the property may suit a hotel operator, an investment fund or family office, or a purchaser intending year-round operation or repositioning of the asset to a four-star standard following refurbishment.