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Holiday rentals investment opportunity in Bulgaria in Bedlington, Northumberland for sale

Holiday rentals investment opportunity in Bulgaria

Hello friends, Here I am listing a unique and very interesting business offer for an investment opportunity in Bulgaria. The total amount needed for completion is in the region of £60 000, as there is £30 000 already invested. The project consists of 2500m2 nice piece of land, 24km East of Stara Zagora ,in the skirts of a mountain south facing hill ,with a view over the famous Trachian valley, where a house with 8 cottages are to be erected. The purpose of the buildings can vary from short and mid stay holiday visits ,through elderly home to long permanent rentals. Currently the main house and the first cottage are almost completed(please refer to brown color at the attached picture !) ,foundations for the second one have also been laid ,the water,electrics and sewage connections to the rest of the cottages have been installed too. There will be a chlorine free natural pool at the back of the main house ,water to which has also been supplied from the nearby creek. There is electric ,main water ,internet and cable TV to the property plus a deep,clean fresh water well ,which can be used as a dual water supply. Solar panels for the roofs of the cottages and the main house have also been arranged and will be installed free of charge,which will keep the expenses to the minimum. Each cottage is to have its own parking lot,a bathroom,a kitchenette and one or two bedrooms. The expected annual turnover from the whole business venture is in the region of £18k ,with a profit between £10k to £12k. Against the investment of £60k ,the investor will be offered 60% of the profit ,so the ROI is expected to be 10%+ per annum. There is already one UK tenant in the main house with a six month contract ,which can be extended to a year. Two Inquiries for the cottage have also been received ,even thou it is not completely finished and ready to go yet. If you feel that you like the idea and it suits you or need more information, please write us.