Project summary:

regulated plot II-457

ordinance number RD-01-315/08.05.2006

Location:

Tzarevo municipality,  2 km southern of the town of Lozenets and 4 km Northern than Tzarevo, next to Oasis camping

55 km away from the international airport of Bourgas

Plot size:

24 017 sq. m

Price per sq. m :

175 Euro without VAT

Total price:

4 203 000 Euro without VAT

Project details:

 -     density of building: 40%;

-          coefficient of efficiency: 0.8

-          planting: 50%

-          10 m to the beach

-          advanced investment program in this region

Building parameters:

 -     built-up area up to 30 000 sq. m

 -     height of construction up to 10 m / without roof /

 -     water, electricity and sewage on the plot

 -     because of the sloped landscape there is an opportunity most of the apartments to be with a sea view – inclination 12 m

Proximity:

100 m from the main road between Tzarevo and Lozenets

Additional comments

- approved reconstruction of the main road

- end-to-end services

- procurement of building contractors

Common information:

The region around Tzarevo has a very good opportunities for investments, because of the nice climate /up to 32 weeks tourist season / and the beautiful combination between Strandja mountain and Black sea coast.

The municipality has published an official program for reconstruction of the roads and the infrastructure.

Many people are interested of buying a property there, because of the real possibilities for rental income around 5 % per year.

The membership of Bulgaria in EU and the growing popularity of the country as a tourist destination are the reasons for the increase of the prices in the last 5 years.

Additional services

As an additional service our company can provide a project management during the construction works. The project management includes:

1. Preparing the whole documentation for the tender of choosing a construction company
2. Consultancy to the investor for choosing the right construction company
3. Preparing all the contracts with the chosen company according to the FIDIC rules
4. Investor and quality control during the construction works
5. Taking care for all the documents needed for the exploitation of the building – act 14, 15, 16 etc.

The cost of the project management is 3% without VAT from the cost of the construction works payable as follow – 30% advance payment, 30% on issuing act 14 for finishing the rough construction, 30% on issuing act 15 and 10% on act 16.