The area is so called “STUDENT CITY" and is a residential area where some 80% of Universities in Bulgaria are concentrated. The area is seeing a lot of developments lately, brand new 5 star hotel just 150 metres from us ( busy) etc. It has perfect transport network and is soon to receive underground station also. The land is 1360 m2. The important thing is how much you can build on it - 6000m2! Land in Sofia is separated into zones, each zone with its own characteristics - for apartments , for houses, green areas, industrial areas, for common building etc. This plot is in area specifically for apartment buildings , shops, offices etc. We give permission to AMG Ltd to start planning an apartment building not higher than 9 floors, Not more than 6000 m2 and there must be at least 30% green area. A.M.G went to the architect in charge, who will actually sign the planning and building permission and ask him what we can get there, having in mind that he will make the plans also. He said straight forward - 6000 m2 for the moment. We actually could achieve even more!THE DEAL The price is €2, 000, 000 and the client is secured on the land. A.M.G will apply for all permissions and build out the project and reward the investor with 2100m2 of building. Based on today’s prices and not allowing anything in terms of rental etc. and a price of 1350 m2 this calculates to €2, 835, 000 return. So the options are 1 Hold the property and rent. 2 Sell the property as soon as you like at current prices. (A.M.G ltd guarantees 1350 m2) 3 Wait and sell the property at a higher price at the end. 4 Wait and sell just enough of the property to cover your investment and hold the rest. This is an opportunity not to be missed!

<< Back to list