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Business to Buy in Veliko Turnovo - Bulgaria - Ref 538682

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Business Description

We offer a wonderful and stylish hotel in a village set on a high plateau between the towns of Veliko Tarnovo (four kilometres away) and Gorna Oryahovitsa. The village is known for the rich history and large number of historical monuments, such as 17th and 18th century churches and examples of Bulgarian National Revival architecture, which have turned it into a popular tourist destination.
Veliko Turnovo is the town with the most glorious historical past in Bulgaria. It is a symbol of Bulgarian statehood and a source of national pride for every Bulgarian. Each little place in it is history. The earliest traces were found on the Trapezitsa Hill (dating back to first half of the 3rd millennium BC). Remnants on Tsarevets Hill date back to the end of the Bronze Era (13th century BC). This oldest settlement was inhabited by Thracians and existed by the end of the Iron Era. Its prosperity is related to 6th century BC till 1st century AC. Its traces in the first centuries of the Roman Rule are lost on our lands (at the beginning of the new era).
Magnificent palaces, monasteries, churches, fortifications, bridges, big houses were built here. All the prosperity and spiritual upsurge was discontinued on 17th July 1393, when after a 3month siege Veliko Turnovo, and gradually the whole of Bulgaria succumbed under Ottoman Rule... The Metropolitan town was in ashes. Centuries were to pass before the town was able to recuperate and experience a new economic, cultural and political upsurge during the Revival period.
The oldest houses in the village are made entirely of stone and resemble tiny models of fortresses that cannot be seen anywhere else in Bulgaria. These houses have internal staircases and small windows with metal bars, which strengthen the impression of fortress-like constructions.
The hotel that we offer also follows the requirements for construction in the village so that its architecture will make you feel as part of history. The materials used for the facade are traditional – stone and wood, the walls are whitewashed and old-Bulgarian tiles are used.
The property benefits from a 1700 sq. m cultivated garden planted with trees and shrubs.
A reception, foyer, bar, staff rooms, sanitary units, a kitchen with storage premises for the restaurant and boiler room are situated on the under-ground level.
The upper floor that faces south and overlooks the inner yard has a restaurant, foyers and hotel rooms. There is also a mansard floor also with hotel rooms and two suites. There are skylights on the roof ensuring enough lighting in the premises. The hotel has a total living area of 1050 sq. m. Do not miss this great business opportunity!

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€511,000  |  £427,349  |  US$673,958
(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 538682 
Town Veliko Turnovo 
Region Veliko Turnovo 
Province Veliko Turnovo 
Country Bulgaria  
Type Business
Build Size 377 
Category Re-Sale  
Listed over 1 year ago
Innovative investment strategies offering 25% annualized returns regardless of market conditions   Find out more >>

Property Characteristics

  • Views:  Near river, In fishing area, In hunting area, In historic place
  • Garden:  1700
  • Parking:  1

Map of Veliko Turnovo, Veliko Turnovo, Bulgaria


Towns located close to Veliko Turnovo, Bulgaria

  • Gorna Oryakhovitsa


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Price: €511,000

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Purchase this Business in Veliko Turnovo for

€1,031p/m

(60% LTV, 7% Interest Rate, 25 years)

(Subject to status. Information given for guidance purposes only.)

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Price of Property in Veliko Turnovo, Bulgaria

Property Type Min Price Max Price Median Price
(All prices in EUR) Veliko Turnovo Bulgaria Veliko Turnovo Bulgaria Veliko Turnovo Bulgaria
Apartment/Flat 33,800 98 165,000 1,475,500 95,000 76,000
House/Villa 5,500 2,400 1,200,000 2,580,000 24,000 26,800
Business 37,000 600 900,000 18,000,000 140,000 162,000
Land/Ruins 7,200 28 800,000 9,002,469 16,900 53,190
Other 48,307 20,911 48,307 268,708 48,307 61,008

* Calculations based on 104 properties for sale in Veliko Turnovo and 5329 properties for sale in Bulgaria




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