Investment For Sale Sozopol Ad:34945

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Bulgaria > Burgas > Obshtina Sozopol > Sozopol

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BGN33,175,132

(EUR 17,000,000)

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Investment
For Sale
Sozopol
Bulgaria

> > >Proposal
> >

>for potential buyers of Apart Hotel,
> > >Sozopol, Bulgaria

> > >It is proposed to buy

out 100% of the shares of Kontinent OOD, the owner of Apart Hotel located within the limits of Sozopol, 30 km south of

Burgas, in close vicinity to the seashore, adjacent to a large city beach.
> > >Details of the land plot and the Apart

Hotel complex:
> > >� Land plot area � 9,429 sia m.
> > >� Total area of the Apart Hotel complex � near

18,000 sia m.
> > >� The Apart Hotel includes 130 apartments of the area ranging from 30 sq m to 230 sq m,

renovated and furnished as per de luxe standards. Each apartment hys telephone, satellite TV and high-speed Internet access.

There are indoor and outdoor swimming pools, fitness centre and sauna, restaurant for 250 seats, lobby-bar, sky-bar, billiard

saloon, hairdresser`s parlor and manicure, shop, office premises and various services in the Apart Hotel. The majority of the

apartments and all services are accessible for those physically handicapped.
> > >The additional information is available

> > >Advantages:
> > >� Growing real estate market in Bulgaria � 25-30% annually as per REMI index.
> >

>� Convenient location of the complex � in close vicinity to the beach, within the old city of Sozopol, a resort

favoured by the Bulgarian and foreign tourists.
> > >� Convenient access vays.
> > >� The location closest

to the city of Burgas (airport).
> > >� Wide range of apartments of various areas and prospected sale prices.
> >

>� Highly developed infrastructure: large restaurant with kitchen, bars and fitness centre allow for additional profit

during a season of `outside` clients.
> > >� The Apart Hotel is being prepared for operation in the current

season, in-service date � May 2007.
> > >� At present a package of contracts with tour operators is being prepared

undergoing its final stage; the operation personnel are hired and undertake training.
> > >� The prospected profit

from the Apart Hotel operation during the current season comes to Euro 500-600.
> > >PROPOSAL:
> > >100% of the

shares of Kontinent OOD are owned by Alen Mak OOD, a Bulgarian division of Alemar Development OOD.
> > >A potential buyer

is proposed to buy out the entire package of shares from Alen Mak OOD at the price of Euro 17,900 000 Euro. The scheme, buyng

technology and compensation costs are to be discused additionally.
> > >
> > >The present Proposal shall be sent to

potential buyers as an invitation for negotiations with their final objective of signing the approved package of

documentation required for the Apart Hotel selling.
> > >
> > >Contact telephone number -(Phone number)-

apsa_property.abv
> > >
> > >
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