Opportunity Snapshot
- Country: Bulgaria
- Industry: Tourism, Recreation
- Stage: Exit/Sale of the business
- Investment size: $1,800,000 / min. $650,000
- Type of investment: Debt
Investment Opportunity
We are looking for financing in order to complete the whole architectural projects. The amount that needs to be invested is approximately 2, 000,000 EUR for 4,638 m2.
Housing estate Pirin House is spreading on 8 000 sq.m. in the “Banski pat” area, near the road connecting Banya village and Bansko, the most popular Ski resort in Bulgaria. The complex is 1.8 km away from Bansko and 3 km away from Banya. The location of the housing estate provides very beautiful sights of the Pirin, Rila and Rodopi mountains.
Pirin House is located in the valley beneath Bansko on the outskirts of Bania just 1800m or 3 minutes driving time from Bansko itself. Recently redesigned to include a Spa Centre and a 100 seat restaurant the complex now boasts an impressive array of facilities. The development sits in more than an acre of open gardens having a small stream passing the external decking of the restaurant, which makes for a pleasant and tranquil atmosphere for diners after a hard day on the golf course or the slopes.
This is also an ideal investment opportunity for anyone looking to play golf during the summer months or to rent appartments to golfers visiting the Bansko region. Pirin House is within quick and easy distance of the Ian Woosnam 18-hole Golf course at Razlog, just 4km away or 10 minutes driving time. Banya itself is famous for its natural springs, the name of the village meaning “baths” in Bulgarian. Respectively, all water onsite at the Pirin House will be from its own source of geothermal and mineral water, thus making the Spa Centre a genuinely relaxing place to experience various traditional treatments and therapies.
Competitive Advantage
There are 65 apartments build up at present. The complex project consists of four connected apartment buildings including SPA Center, Restaurant and Shops, which are waiting to be financed.
Rationale for the deal
AKT16 (permit for exploitation) is completed.
Thermal water permit is taken for 57C, 0.3 l/sec usage.
Use of financing
Stages: B, C, D and E are waiting to be financed in order to complete the whole architectural projects. The amount that needs to be invested is approximately 2, 000,000 EUR for 4,638 m2.
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