Regulated plot for sale in Sofia

Plot for sale in Ovcha Kupel, a neighbourhood in the south-west part of Sofia. The plot is 1050 sq.m, with frontage on two streets and close to the New Bulgaria University and the ring road.

There is a preliminary project for building 2 residential blocks which has been submited for approval. As soon as building permission is granted the construction can start straight away, the new owner of the plot would get documentary for construction for approximately 10days.

The two blocks that are allowed to be built will be with sizes 1510 sq.m for block 1 and 905 sq.m. for block 2 or total of 2780 sq.m. built up area, 900sq.m. underground area. There will be 36 car parking spaces, 16 apartments, basements and attic storage spaces.
The land has frontage on "Narodno Horo"str. there is water, electricity and gas available.

The area is upcoming due its proximity to the university, schools and ring road. It has good access to the city centre and is about 15 min. drive time.

There is an option for paying lower purchase price if owners were given certain amount of apartments area when construction is completed. This will allow the developer to start the project with lower initial costs.
There is an option for compensation, with the following parameters: 100 000 euro paid cash and 500sq.m. or 25% compensation.