Plot in Varna - Trakia Area

Reference number:	PP100
Country:	Bulgaria
Town:	Varna
Type:	Land bargain
Land:	2,516m²
Price:	€140 (£108.72) per m²

Northern Black Sea Coastline

Two regulated neighbouring plots with panoramic views only 5 mins from central Varna. The total area of the plot is 2516 m2 which comprises of (1504m² and 1012 m²) in the Trakata area:

The plots are positioned in an elevated position giving you a beautiful vista with sea view. The area is perfect for fast links to Varna centre, offering a quiet and peaceful surrounding. Bordering on a road, with future road improvement plans, at a distance of 300m from an asphalt street. The terrain is level and reveals a splendid sea panorama.

Trakia is a developing area consisting of mainly newly built villas and tasteful apartments, giving the new owner the option of constructing either houses or apartments, with an apartment development under construction in close proximity and large houses, planning will be awarded subject to your structural application for this fabulous plot. This procedure will normally take 3 months and the costs will be in the region of 1 eur/m².

As an example we offer two possible variations.

Variation 1

If the coefficient of building intensity is 0.8, the developed built-up area will be minimum 2013 m². At present, the average selling price is 900 eur/m², the gross income from sales will be. €1,811,700.

Expenditures:

Average building expenses: 2013 m² x€ 400 =€ 805,200
Price of the plot: 2516 m² x €140 = €352,240
Architectural plans and documentation: approx €30,000
Total: €1,187,440

Profit = €624,260

Variation 2

If the coefficient of building intensity is 1.2 the development area will increase to a minimum of 2,587 m² x €900 /m² = € 2,328,480

Expenditures:

Build cost: 2,587 m² x€400 = €1,034,800
Plot Price: 2516 m² x€140= €352,240
Architectural plans + docs = €39,000
Total: = €1,426,040

Profit = €902,440

The calculations are laid out as approximations and illustrative.
For additional information do not hesitate to contact us.

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Pearl Property Ltd Bg, 37 Marshall St, London, W1F 7EZ, UK.
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