Spa Investment Opportunity in Velingrad Sofia
Unique opportunity to invest in the development of a new Spa Complex in Velingrad on a plot with full planning permission already granted.
- (1888PressRelease) September 02, 2023 - Full planning permission has recently been permitted for a new Spa hotel in Velingrad – the Spa capital of the Balkans.
The property is less than four kilometres away from the Velingrad centre, with a total area of 20,000 m 2 the land currently houses a built-up existing hotel area: 924 m˛ with an external existing pool area: 210 m˛.
The site currently comprises a 2-star hotel building, a shooting ground, an external swimming pool and a summer cocktail bar. The 4-storey hotel building has 22 spacious rooms, 1 luxurious apartment, a beautiful garden and a typical Bulgarian cuisine restaurant. There is also a possibility to obtain mineral water from the hot mineral spring located nearby.
The new Urban Plan for Regulation, which entered into force in 2023, provides for construction of a new 4-story building in the property, intended for use as a hotel complex with maximum allowed total build-up area of complex - 14 000 m 2 vastly expanding the possibilities for hospitality in the future.
The property is for sale as a whole or as a joint venture.
Reasons for investing in Velingrad:
There are very few top-class hotels outside of Sofia and there is already a great demand for luxury vacation resorts in Bulgaria for the following reasons:
· Bulgarians are beginning to adopt the European short break philosophy and require accommodation a couple of hours from Sofia.
· There are now many more middle-class Bulgarians who want to experience top class facilities and service.
· Even in the summer, there is greater demand for SPA type hotels rather than beach hotels.
· Tourists want to visit destinations a couple of hours’ drive from Sofia with a high standard of facilities.
At the moment the only the Kashmir Hotel in Velingrad that meets the luxury requirements but only has a capacity of 100 rooms, while the Kings’ Valley Medical & Spa Hotel has 300 rooms but is not located in the well-known Spa Capital of the Balkans.
This new offer meets all the above requirements, with full planning permission on the last remaining large plot in Velingrad and would be the opportunity to own/manage a large top-class hotel in the ideal location in Bulgaria.
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