Attractive Land Plot in an Urban Environment near Pancho Vladigerov Blvd.

An attractive land plot with an area of 870 sq.m., located in Lyulin 5, within a well-established residential area with developed urban infrastructure and convenient access. The property is situated near Pancho Vladigerov Blvd. and Raycho Daskalov Blvd., providing good connections to the main transport arteries and other parts of Sofia. The area is an established residential zone with developed road infrastructure and electricity supply.

Main Features
The property is privately owned, with an urbanised land designation and permanent land-use type of “High-rise development (over 15 m)”.
• area — 870 sq.m.;
• quarter — 12a;
• zoning — ZhK;
• building density — 40%;
• Kint — 3;
• minimum green area — 40%;
• cornice height — up to 26 m for residential buildings / up to 32 m for public buildings.

The combination of an urban location, existing infrastructure and the parameters of the zoning makes the property an interesting opportunity for an investor looking for a development site within Sofia.

Potential for Various Investment Concepts
The size and characteristics of the property allow different options for its future development to be considered, depending on the specific investment project, planning procedures and required approvals.

One of the possible concepts is the construction of an underground car park, potentially on several levels, subject to the necessary technical and urban-planning conditions. The construction of a lightweight service building above the underground car park could also be considered, for example a fast-food outlet or another suitable commercial facility, as well as the development of an adjacent recreational area or children's playground.

This concept would allow the land to be used efficiently, combining parking, a commercial function and public space within a single investment.

Opportunity for Larger-Scale Development
Additional potential could be explored by combining the property with the neighbouring municipal plots bordering the private property.

Following an amendment or modification of the current plan and subject to reaching the necessary agreements with Sofia Municipality and Lyulin District, the possibility of implementing a larger-scale project on an expanded site could be explored, including a multi-storey building.

The neighbouring plot is also available for purchase. More information about it can be found here.

For this purpose, the possibilities for acquiring the neighbouring municipal plots or implementing an appropriate form of public-private partnership should first be explored.

Location with Potential
The property is situated in an established urban environment, which is a significant advantage for future investment. Its proximity to major boulevards and existing infrastructure provides good accessibility and visibility, while the character of the area allows different concepts for the efficient use of the site to be considered.

The combination of 870 sq.m. of privately owned land, urbanised territory, ZhK zoning, high-rise development parameters and the possibility of exploring a larger investment project through the inclusion of neighbouring plots makes the property an interesting opportunity for investors with a development vision.

A property with potential not only for its current use, but also for a larger-scale investment concept in one of Sofia's established residential districts.

Viewing the property
We can arrange a viewing of the property depending on our schedule and its accessibility. Request a viewing by contacting the responsible agent.

Reservation of the property
The property can be reserved and taken off the market with payment of a deposit, after which viewings with other buyers will cease and the preparation of the documents for a preliminary or final contract will begin. Please contact the responsible agent for details of the purchase procedure and payment arrangements.