An operating family hotel with authentic interior in Banya Village, Sliven region. Excellent investment!

Location

We offer you for sale a very attractive family hotel situated in the extremely beautiful village of Sredna gora mountain. In close proximity there are the well-known Kortenski mineral springs in Banya village, Nova Zagora municipality, at 15 km distance to town of Nova Zagora.

The place benefits from a well-maintained infrastructure, communications and regular transport. The nearest railway station is at about 15 km from the hotel, the airport - at 140 km.

Surrounded by a stunning nature and lots of greenery, the hotel offers perfect condition for relaxation among the uniqueness of the Bulgarian traditional style. Additionally the guests may take advantage of the healing mineral springs located in 2 km. distance from the property.

Tundzha river and Zhrebchevo reservoir provide excellent conditions for fishing and hunting.

Features of the Estate

The 3-star hotel is operating at the moment and has all permits for the relevant business activity. It comprises 18 beds.

The property includes a plot of 1550 sq.m. including a built-up area of 250 sq.m. The main building is on 3 storeys for commercial purpose. There is a 1-storey building for personal use from the owners.

The hotel is for sale fully furnished and with the equipment needed to operate, meeting the requirements of the category.

There are a panoramic bar, equipped kitchen, liquor cabinet, an outdoor BBQ area, a children's playground.

Disposition

• Ist floor - a restaurant /30 seats/ with mini bar, a kitchen, a bathroom and a sanitary unit;
• IInd floor - 3 self contained bedrooms comprising 3 beds each, 2 sanitary units, a bathroom;
• IIIrd floor- 3 self-contained bedrooms with 3 beds each, 2 sanitary units, a bathroom.

Accents

• Region with picturesque nature
• Fishing, hunting, greenery, balneology
• Operating hotel with all permits
• Authenric Bulgarian atmosphere
• Furnishing and equipment included
• For investment

Additional information:

1. Find your property

When organizing your trip to Bulgaria to view or purchase property it is very important that your trip is free from any troubles so you can focus on the main reason for your trip- to choose the right property. We, at  Mirela Real Estate agency will be more than happy to organize your viewing trip to Bulgaria.
Before you come to Bulgaria we can organize or recommend a number of hotels providing accommodation.
On arrival you will be greeted by a friendly and highly trained representative.
Afterwards we will arrange for you the viewing of properties you may be interested in at any time convenient to you. At that time you will be accompanied by an experienced and qualified employee of ours to provide consultancy, interpretation and assistance when required.

2. Bulgarian mortgage available

You can rely on a Mortgage Loan from a Bulgarian bank that will finance your purchase, even if your income originates from another country. Mirela Real Estate agency has a partnership with leading Bulgarian Banks
The main characteristics of a standard mortgage loan in Bulgaria are:
UBB- United Bulgarian Bank
Purpose Purchase of a real estate
Client segment Citizens of EU member states, USA and Canada 
Sale channels Agencies, construction companies, UBB branches
Currency EUR
Own funds 30%
Minimum amount EUR 7 500
Maximum amount EUR 250 000 
Maximum period 20 years
Age restrictions 23 years of age minimum,
age + loan period = maximum 65 years
Interest rates Promotion rates:
1.5% for the first year*
or
5.9% for the first 3 years*
Standard interest rate for the remaining part of the loan period: 6.5%
Application Fee BGN 20
Administration  fee 0.5% once off, payable at loan  disbursement,
0.5% of the outstanding loan principal per annum
Collateral Pledge of property in favor of the bank 
Prepayment  fee 5%
Insurance Property insurance

Construction type: Massive construction

Heating: Electricity heating

• Permission for use granted
• Furnished

Where is it possible to buy a property on your credit card? Bulgaria, of course!

With thousands of potential property buyers seduced by Bulgaria's bargain property prices, the temptation is to think that making a solid return is a no-brainer! For first time investors with small budgets looking for a step onto the property ladder, this seems like an opportunity almost too good to be true!  The result is that thousands of novice speculators and second homebuyers are flocking to Bulgaria to cash in on the investment opportunities it offers.

Until recently Bulgaria was a little heard of, little talked about country tucked away in a dark corner of the Eastern Block so what has changed?  Bulgaria's success in attracting thousands of property investors could be put down to two key factors. 

Firstly, the past two years have seen a decline in rental yields in many of Europe's more established property markets.  The UK, Ireland particularly are seeing rental yields drop to under three per cent.  Combined with the over inflated cost of property in these countries, the Western Europe investment market is a tough one to work.  This has resulted in thousands of investors, turning to Europe's emerging economies, seeking out markets that can work their funds more profitably.  Close behind them follow hundreds of amateur investors and holiday homes buyers ready to buy up the new properties being built by professional developers.

However, foreign interest in new markets alone doesn't explain Bulgaria's success. Investors seeking new pastures could in theory take their funds to any of the former Communist countries and many of them do.  The second factor that has attributed to Bulgaria mass appeal is its versatility. Bulgaria is such an attractive investment opportunity because it has something for everybody's tastes and offers the investor and holiday homebuyer plenty of choice.  Right now dozens of new developments are springing up along the beautiful Black Sea coastline and sun soakers from all over Europe flock to Bulgaria for cheap and affordable beach holidays!  Further inland, Bulgaria's main ski resorts have become some of the most fashionable in Europe, particularly Borovets and Pamporovo.  Top quality ski chalets, hotels and complexes are being built to facilitate the new influx of European skiers, all at amazingly affordable prices.  A ski chalet in the centre of Bulgaria's ski resorts can be bought for a quarter of the price of a similar chalet in France or Italy.  Finally, the natural beauty of Bulgaria's mountain ranges and valleys has made it an appealing location for walking, cycling and adventure holidays.  From the cosmopolitan appeal of Sofia, the country's capital, to the small villages of the Rhodope Mountains, Bulgaria has something to offer every taste at some of the most affordable prices in Europe.

Two or three decades ago, Spain was experiencing the type of interest that Bulgaria is receiving now.  With the rise of the foreign holiday as a luxury the masses could afford, Brits began to flock to sun soaked Spain.  Their interest promoted an influx of developers who took advantage of Spain’s popularity with tourists and built affordable holiday homes. This encouraged many of the tourists to invest in their own little piece of paradise, with the advantage of being able to extend their own stay and encourage others in by letting their property. The result over the years was a continuing rise in property prices but also a strengthening tourist economy, a well-developed infrastructure and growing opportunities and financial benefits for native Spaniards.

Property prices in Spain are now so high that buyers are forced to look for cheaper alternatives.  In turning to Bulgaria, the cycle will begin again.  In fifteen to twenty year's time, the Bulgarian property market may well be over-priced for second homebuyers and once again the search will begin for new and cheap destinations.  In the mean time Bulgaria will have grown on the strength of its EU membership. It will have pumped millions of euros into improving infrastructure.  Tourism will have generated huge amounts of wealth for the economy and the poverty that characterises the country now may well be very much a thing of the past!

So while Bulgaria is proving to be a wise investment option with some properties offering up to 80% capital appreciation in one year, it is still necessary to be very cautious when choosing where to invest.  Property prices are rising significantly but largely in the more established and more desirable tourist hotspots.  Investing along the Black Sea coastline and areas within 10km of the two major ski resorts, Barovets and Pamporovo, is likely to yield a healthy 60-80% capital growth in one year.   Buying a new apartment in these areas can cost as little as EUR 30,000 and is likely to be solid investment, since they can be easily let to the increasing number of tourists coming to experience the delights of Bulgaria.