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Hotel for Sale in the Centre of Teteven, Bulgaria

Hotel for Sale in the Centre of Teteven, Bulgaria — main photo

Unfinished Spa Hotel and Rehabilitation Centre Project for Sale in Teteven, Bulgaria

An unfinished spa hotel development with an approved rehabilitation centre project is offered for sale in the centre of Teteven, Bulgaria, at the foot of the Balkan Mountains in a river valley. The town is located approximately 100 km from Sofia.

The stated sale price is EUR 350,000 for a total built-up area of approximately 4,853 sq. m, equating to approximately EUR 72 per sq. m.

Property Characteristics

  • land plot of approximately 1,670 sq. m;
  • total built-up area of approximately 4,853 sq. m;
  • built volume of approximately 75,700 cu. m;
  • 7 floors;
  • brick construction, new build;
  • lift installed.

Legal and Construction Status

The property is stated to hold a building permit and an approved project. The building is stated to be completed to shell-and-core stage (BDS — rough construction, without plastering or screed), with roof, aluminium joinery and partial equipment installed.

Planned Configuration

According to the project, the seven-storey spa hotel is designed to comprise:

  • hotel section with 116 beds — 35 double rooms, 5 studios and 18 apartments;
  • spa centre with indoor swimming pool, occupying approximately 400 sq. m;
  • health and rehabilitation treatment centre, occupying approximately 450 sq. m;
  • restaurant with 120 seats, lobby bar, shop and night club;
  • parking with 40 parking spaces;
  • panoramic lift;
  • three conference halls and further facilities in accordance with the project.

Health and Rehabilitation Centre

The health and rehabilitation centre is located on the first floor and is stated to be designed in accordance with the requirements of the National Health Insurance Fund and the National Social Security Institute. It is intended to provide treatment and rehabilitation procedures for disorders of the musculoskeletal system, including intervertebral disc conditions (discopathy) and post-traumatic treatment, by means of electrotherapy, ultrasound, magnetic therapy, mud and lye treatment, therapeutic physical exercise, massage, extension and hydrotherapy.

The seller states that contracts are intended to be concluded with the National Health Insurance Fund and the National Social Security Institute.

Planned Spa Centre

The planned spa centre is to include:

  • indoor swimming pool;
  • jacuzzi;
  • sauna;
  • tangentor bath;
  • pearl bath;
  • cosmetic centre.

Potential Use

The property is stated to be suitable for use as a restaurant, bar, hotel, spa and wellness centre, medical centre, fitness and sports centre, beauty salon, sanatorium, or as a residential home for elderly persons. It is also described as a regulated plot with an approved construction project and an investment project.

The seller states that an explanatory note and a programme for the medical centre are available for the property.

Additional Information

The seller states that an exchange (barter) for apartments in Sofia, Bulgaria may be considered.

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