Hotel for Sale in Vitosha, Sofia, Bulgaria — 2,580 m²
Operational Hotel in a Detached Building for Sale in Vitosha, Sofia, Bulgaria
An operational hotel occupying a detached building in the Studentski Grad (Students’ Town) area of Sofia, Bulgaria, is offered for sale.
The seller states that the asking price corresponds to approximately EUR 1,357 per sq. m, which is stated to be below the prevailing market level for the district and comparable to the construction cost of new development.
Property Overview
- detached building;
- total built-up area of approximately 2,580 sq. m;
- 44 rooms and apartments;
- 2 lifts;
- 20 parking spaces;
- currently operating as a hotel.
Distribution
The basement level comprises:
- restaurant / breakfast area;
- professional kitchen;
- technical premises;
- changing rooms and sanitary facilities;
- conference hall.
The ground floor comprises:
- reception;
- lobby bar with garden;
- conference hall;
- retail / restaurant areas of approximately 250 sq. m.
The five upper floors contain the 44 rooms and apartments.
Development Potential
The seller states that the building has a flexible permitted use and would require minimal conversion works. Uses indicated by the seller include a dormitory for approximately 250-300 persons, an apart-hotel or long-stay accommodation facility, or a medical centre or clinic.
An adjacent plot is stated to be available for the construction of a new wing of approximately 800 sq. m, at a stated price of EUR 300,000 excluding VAT.