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Prime Investment Opportunity: BEAUTIFUL LAND FOR SALE IN GORNA BANYA, SOFIA, BULGARIA,

The property offers significant potential for residential development in a rapidly developing area of Sofia, making it an ideal choice for investors seeking a profitable long-term project.

1. Land size: 12, 000 sqm (12 decares)
2. Price: 1,260,000 EUR
3. Price per sqm: 105 EUR
4. Exact location: 11 km from Sofia City Centre

An additional fee of 54,000 BGN (27,600 EUR) is required to bring the plot into regulation, with an approved development plan. It falls into the group "Low-rise residential zone with either detached or connected parcel-based construction" according to the General Urban Plan. The property is owned by Belgian citizens, and their company, TOSKA BUL BUILD, is registered as the legal entity. The company can be transferred, with notary fees estimated at approximately 2,000 BGN. However, should the property be transferred, a material interest fee of around 80,000 BGN will apply. This LLC has not engaged in any business activity within Bulgaria; it was established solely for the purpose of acquiring this plot in 2007 when it was initially identified. The plot currently does not have a visa or a development project, but it was originally planned for the construction of 9 residential houses, each with 3 floors.

There are:
1. A Detailed Urban Plan
2. A Sketch
3. A Notary Act
4. An Agreement with Sofia Water and an Energy Distribution Company
5. Latest documents from the end of 2022

The process of obtaining the building permit is straightforward. A visit was made to the Ovcha Kupel Municipality in March 2023, where discussions were held with the Chief Architect. It was confirmed that an application needs to be submitted to the Chief Architect of Sofia Municipality for the issuance of the building permit (referred to as a "visa"). Given that the plot is located in an approved low-rise residential zone with an existing development plan, this is a routine procedure. Once the application is submitted, the permit will be issued without complications, allowing the project to proceed promptly.

1. The road leading to the plot is gravel and has been filled with crushed stone.
2. Distance from the ring road: The Lukoil gas station in Gorna Banya is located 1.5 km away from the plot.
3. The distance from the plot to the asphalt road in the Suhodol neighbourhood is 1 km. Discussions have been held with a road construction company, which has agreed to gravel and level the road for a fee of 50,000 BGN. The work will involve covering the road with crushed stone, with a width of 4 meters and a depth of 30 cm.


PRESENTATION IN ENGLISH: https://www.youtube.com/watch?v=BB95xF20Xbo&t

Overview: https://www.youtube.com/shorts/XVR-Xuk6daQ?themeRefresh=1

Exact Location: https://www.google.bg/maps/@42.6867009,23.220819,3a,75y,222.56h,93.64t/data=!3m7!1e1!3m5!1sGA_Jr5z_YkQWUU6qiPz7bg!2e0!6shttps:%2F%2Fstreetviewpixels-pa.googleapis.com%2Fv1%2Fthumbnail%3Fcb_client%3Dmaps_sv.tactile%26w%3D900%26h%3D600%26pitch%3D-3.642179659048537%26panoid%3DGA_Jr5z_YkQWUU6qiPz7bg%26yaw%3D222.5569808785532!7i13312!8i6656?entry=ttu&g_ep=EgoyMDI1MDEyOS4xIKXMDSoASAFQAw%3D%3D