For the entrepreneur in Kranevo - this is a very popular tourist centre where land prices in certain parts have risen from Euros 70 per sqm to 150+ in under a year. We have been offered a plot of 42 m (frontage) by 17 m (714 sqm) in the very centre of Kranevo. This is the best plot in Kranevo. Currently, this plot houses one of the first pizzeria restaurants in Bulgaria (opened early 80s - 200 covers) and a house behind it. The owner wishes to demolish everything and build a 3-storeyed tiered complex to comprise 20 apartments of 84 sqm each, and ground floor for retail outlets (10) and is looking for a foreign investor to accomplish this (approx investment of 1.6 M Euros) - intending to retain some of this property as agreed with investor. However, there is permission to build up to a max of 5 storeys, which should yield 40+ apartments. Fantastic opportunity for entrepreneur.
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Villa 2, Street 2, "White Cliffs", Balchik 9600, Bulgaria
Availability and prices of all properties are subject to checking by Albany Properties as it is not uncommon for Albany to be left uninformed when properties are sold or the price changed. Similarly, amounts of land and property sizes are often misquoted by the vendor and are subject to verification by Albany Properties prior to sale.
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