Investment land for sale in Burgas

The city of Bourgas is situated on a peninsula, and it is surrounded by 3 lakes – Bourgas lake (on the west), Atanasovsko lake (on the north) and Mandra lake (in south-western direction). It is the biggest and most important economic, administrative and cultural center in the southern part of Bulgarian seaside. The city benefits of its advantageous and strategic location which the investors fully take advantage of.
Bourgas is an important center of the sea tourism with a number of amenities and logistic connections to the sea resorts in the southern part of the Black Sea. Furthermore, the Bourgas mineral baths (about 15 km from the city) attract more and more tourists in the area.
Due to the constant progress of the city and the growing investments in the area, the local municipality has prepared a plan for long term development. Its purpose is to draw the future plans for the city expansion.
We offer to your attention a vast plot of land with size 22,130 sq.m. situated just 1 km outside the city boundaries which is to become a part of the future regulation. Furthermore, it borders the road which will connect the existing highway and Sunny Beach resort.

More facts about the property:
- Bourgas municipality has already issued a "Motivated Letter" for changing the status of the land. The future buyer will be allowed to start building in no more than 8 months from now
- Expected intensity factor from within of 2 – 2.5
- Strategic location which will allow the investor build an Office Building, Logistic Center, a luxury hotel
- Price of 110 EUR per sq.m. whereas relevant plots outside Sofia are currently being sold at 200-400 EUR per sq.m.

Investment potential:
- Limited supply on plots of land situated in a future regulation of a major city
- Corporate income tax in Bulgaria: 10%
- Flat tax of 10% to be introduced in the beginning of 2008
- Price of similar plots outside Sofia: 200 - 400 EUR per sq.m.
- Strategic location. The plot offers perfect opportunities to become one day a luxury complex with houses or apartments or or because of its location - bordering the future connection between the Motorway Sofia - Bourgas and the main road Bourgas - (Sunny Beach) - Varna it could be perfect place for Commercial use (Offices or Showroom or Logistic center)

Investment Land in Bulgaria