Business complex in Varna, close to Metro- completely finished and functioning, with permission for use issued in August 2007

This attractive business complex is located in Varna in the industry zone Metro, which is one of the most dynamically developing areas in Varna featuring numerous shops, offices and stores. Closely one could find the hypermarket Metro, the main highway Varna-Sofia the Central Bus Station is only 1 km away. The business complex is situated on a plot area of 4 901 sq.m and is bordered by two streets with excellent access from the highway. The complex consists of:

1. A 6-storey office building with a total built-up area of 2 885,08 sq.m (+two 800 sq.m terraces). The building is supplied with VRW air-conditioning system by Hitachi with software estimating the electricity consumed by each individual air-conditioning unit. There are separate electricity and water devices in all offices. The building is equipped with an elevator provided by Multilift. The floors in the common parts are covered with black granite, there are hanging ceilings in the whole building as well as video surveillance and fire-alarm system. The façade is completed with aluminum, PVC windows, ArGETop ceramics and thermo-insulation by URSA.
• First floor- Total built-up area 757,02 sq.m- This floor features a completely finished and equipped shop for construction materials (including shelves and two cashier registers). There is also a service room with a bathroom/wc for the staff. One this floor you could also find a completely furnished coffee bar with seat capacity for 45 people. There is also a fast food restaurant with capacity for 50 people (the restaurant and the kitchen are fully equipped), an entrance hall with an elevator and a staircase. The building height of the floor is 4,05 m.
• Second floor- Total built-up area 786,69 sq.m- This floor feature a show room with a building height 4,05 m.
• Third floor- Total built-up area 425,95 sq.m- There are nine offices on this floor and five bathrooms/wc. All offices are air-conditioned, supplied with hanging ceilings, covered floors, cable connection. The bathrooms/wc are fully equipped, two of the offices have separate bathrooms/wc with shower cabins. The building height of this floor is 3,15 m. There is also a 360,76 sq.m.
• Fourth floor- Total built-up area 436,37 sq.m- There are nine offices on this floor and five bathrooms/wc. All offices are air-conditioned, supplied with hanging ceilings, covered floors, cable connection. The bathrooms/wc are fully equipped, two of the offices have separate bathrooms/wc with shower cabins. The building height of this floor is 3,15 m.
• Fifth floor- Total built-up area 446,98 sq.m- There are nine offices on this floor and five bathrooms/wc. All offices are air-conditioned, supplied with hanging ceilings, covered floors, cable connection. The bathrooms/wc are fully equipped, two of the offices have separate bathrooms/wc with shower cabins. The building height of this floor is 3,15 m.
• Sixth floor- Total built-up area 57,70 sq.m- equipment department

2. Store- Total built-up area 1 592,39- Building height 6,00 m. Metal construction, the roof is made of thermo-panels. Furnished with shelves, four automatic doors, video surveillance.

3. Plot of land with an area of 4 901 sq.m and built-up area of 2 349, 41 sq.m. The remaining 2 551, 59 sq.m includes the access areas to the buildings, the spaces for loading/unloading of the trucks and 45 parking spaces.

The total built-up area is 4 503,08 sq.m

There is a possibility to demolish the store and to build offices and shops with built-up area 9 341,81 sq.m above the ground level and 2 060 sq.m on the underground level.

FIRST OPTION
Purchase of the Commercial and Storage complex only- a new modern shopping complex with an area of 2349.41 sq.m and consisting of: shop, restaurant, coffee bar (757.02 m) and warehouse (1592.39 m), as well as 1/2 shares of 4901 sq.m plot.

Special Price-1 500 000 Euro excluding VAT, price per square meter-639 Euro, excluding VAT.

Guaranteed lease for 10 years (120 months) at the following prices:
COMMERCIAL COMPLEX, Area 757.02 sq.m, 7 euro per sq.m. 5299.14 Euro/month. Rent for 12 months- 63 589.68 Euro. Rent for 10 years- 635 896.80 Euro
WAREHOUSE AREA- 1592.39 sq.m, 4 Euro per sq.m, 6369.56 Euro/month. Rent for 12 months- 76434.72 Euro. Rent for 10 years - 764,347.20
Euro
TOTAL: Rent for 12 months- 140 024.40 Euro. Guaranteed rental for 10 years- 1 400 244 Euro

Rental amounts are exclusive of VAT, for each invoice VAT will be charged to be paid by the tenant. Tenant is also responsible for all utility expenses such as: security, electricity, water and property management.

SECOND OPTION
Purchase of the entire Business Complex- office building, shop, restaurant and coffee bar (3,107.85 sq m) and warehouse (1592.39 m). Total 4700 sqm + 4901 m2 land

Special Price-2 500 000 Euro excluding VAT, price per square meter-531 Euro, excluding VAT.

Guaranteed lease for 10 years (120 months) at the following prices:
COMMERCIAL COMPLEX, Area 757.02 sq.m, 7 euro per sq.m. 5299.14 Euro/month. Rent for 12 months- 63 589.68 Euro. Rent for 10 years- 635 896.80 Euro
WAREHOUSE AREA- 1592.39 sq.m, 4 Euro per sq.m, 6369.56 Euro/month. Rent for 12 months- 76434.72 Euro. Rent for 10 years - 764,347.20
Euro
TOTAL: Rent for 12 months- 140 024.40 Euro. Guaranteed rental for 10 years- 1 400 244 Euro

Currently, the rental income from other areas (offices + warehouse) is 20368.70 Euro per month ( 244424.40 per year), but there is no guarantee these rental contracts will be prolonged.

Rental amounts are exclusive of VAT, for each invoice VAT will be charged to be paid by the tenant. Tenant is also responsible for all utility expenses such as: security, electricity, water and property management.

Guarantee of the 10-year rental contract is prepayment of 40% of the rent for the entire 10-year period- this is the sum of 560 098 Euro (out of 1 400 244 Euro). The remaining balance to be paid after deduction of the guarantee is 1 939 902 Euro, excluding VAT.

Property features

• Garden
• Garage
• Cable TV
• Internet
• Allocated parking space
• Near train station
• On asphalt road
• Furniture
• Secure entry system
• Telephone line
• Balcony
• Porter
• Food shops nearby
• Off-road parking possible
• Sea views
• Mains drainage
• Electricity
• Water
• Internal bathroom

Area features