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Commercial building for sale in Bulgaria

68%

€249.900

Retail

#34702

Value-Add

21 Jun 2024

Property Details

Owner

For sale

399 m²

Gross area

626 €/m²

0

Freehold

X

Fees

Investment Overview

We are selling a commercial building of 399 sq.m, located in the city of Stara Zagora, quarter Samara 2. The building is a former post office and currently houses a small post office. The yard is 600 sq.m., fenced, with assigned building rights. At the moment, the building is not in good shape - it needs roof repair (according to the offer about Euro 8,000) and is used as a warehouse for things and materials that will be removed, of course. A project has been prepared for the division into 4 independent shops with separate identifiers, sanitary units and warehouses, which has been agreed with the Water and Energy Department. According to the calculation that was made, up to Euro 35,000 is needed. to fully realize this idea. Solar panels can be installed on the roof to optimize costs. In addition to the shops - 3 of 70 sq.m and one smaller, there is still an area left to be used by the owner and another 60 sq.m, which are leased to Bulgarian Post free of charge until 2027, and then according to the infl. index. Of course, this project may not be realized, but the premises may be used as a whole - service center, tire center, warehouse, gym, dental, invitro clinic or other type of medical center, dance hall, children's center, courier, production workshop etc. and in this case only roof repair, bathroom renovation is needed node, replacement of windows (partially replaced) and refreshment of the premises, ceilings and facade, i.e. about Euro 15,000. The entire electrical installation is new, the floor is an industrial mosaic, there is a large roller door to the yard, the light height is 5m. The status of the premises is an industrial building and allows any activity. The property is owned by an individual, the property is free of encumbrances, mortgages, etc. The location is very good - walking distance to the center, very easy to find with navigation - at the back of a hotel, parking spaces in the yard. The neighborhood has also been developing intensively.