An operating family hotel with authentic interior in Banya Village, Sliven region. Excellent investment!

Location

We offer you for sale a very attractive family hotel situated in the extremely beautiful village of Sredna gora mountain. In close proximity there are the well-known Kortenski mineral springs in Banya village, Nova Zagora municipality, at 15 km distance to town of Nova Zagora.

The place benefits from a well-maintained infrastructure, communications and regular transport. The nearest railway station is at about 15 km from the hotel, the airport - at 140 km.

Surrounded by a stunning nature and lots of greenery, the hotel offers perfect condition for relaxation among the uniqueness of the Bulgarian traditional style. Additionally the guests may take advantage of the healing mineral springs located in 2 km. distance from the property.

Tundzha river and Zhrebchevo reservoir provide excellent conditions for fishing and hunting.

Features of the Estate

The 3-star hotel is operating at the moment and has all permits for the relevant business activity. It comprises 18 beds.

The property includes a plot of 1550 sq.m. including a built-up area of 250 sq.m. The main building is on 3 storeys for commercial purpose. There is a 1-storey building for personal use from the owners.

The hotel is for sale fully furnished and with the equipment needed to operate, meeting the requirements of the category.

There are a panoramic bar, equipped kitchen, liquor cabinet, an outdoor BBQ area, a children's playground.

Disposition

• Ist floor - a restaurant /30 seats/ with mini bar, a kitchen, a bathroom and a sanitary unit;
• IInd floor - 3 self contained bedrooms comprising 3 beds each, 2 sanitary units, a bathroom;
• IIIrd floor- 3 self-contained bedrooms with 3 beds each, 2 sanitary units, a bathroom.

Accents

• Region with picturesque nature
• Fishing, hunting, greenery, balneology
• Operating hotel with all permits
• Authentic Bulgarian atmosphere
• Furnishing and equipment included
• For investment

Additional information:

1. Find your property

When organizing your trip to Bulgaria to view or purchase property it is very important that your trip is free from any troubles so you can focus on the main reason for your trip- to choose the right property. We, at  Mirela Real Estate agency will be more than happy to organize your viewing trip to Bulgaria.
Before you come to Bulgaria we can organize or recommend a number of hotels providing accommodation.
On arrival you will be greeted by a friendly and highly trained representative.
Afterwards we will arrange for you the viewing of properties you may be interested in at any time convenient to you. At that time you will be accompanied by an experienced and qualified employee of ours to provide consultancy, interpretation and assistance when required.

2. Bulgarian mortgage available

You can rely on a Mortgage Loan from a Bulgarian bank that will finance your purchase, even if your income originates from another country. Mirela Real Estate agency has a partnership with leading Bulgarian Banks
The main characteristics of a standard mortgage loan in Bulgaria are:
UBB- United Bulgarian Bank
Purpose Purchase of a real estate
Client segment Citizens of EU member states, USA and Canada 
Sale channels Agencies, construction companies, UBB branches
Currency EUR
Own funds 30%
Minimum amount EUR 7 500
Maximum amount EUR 250 000 
Maximum period 20 years
Age restrictions 23 years of age minimum,
age + loan period = maximum 65 years
Interest rates Promotion rates:
1.5% for the first year*
or
5.9% for the first 3 years*
Standard interest rate for the remaining part of the loan period: 6.5%
Application Fee BGN 20
Administration  fee 0.5% once off, payable at loan  disbursement,
0.5% of the outstanding loan principal per annum
Collateral Pledge of property in favor of the bank 
Prepayment  fee 5%
Insurance Property insurance

Construction type: Massive construction

Heating: Electricity heating

• Permission for use granted
• Furnished

Registering Property in Bulgaria

STANDARDIZED PROPERTY
Property value: USD 273,754
City: Sofia

Registration Requirements:

Procedure 1*.
The Estate is drafted by the respective Municipality

Time to complete: 14 days
Cost to complete: BGN 10
Comment:
The estate is drafted by the respective municipality.
The draft of the estate is a graphic sketch of the estate with its borders, square meters, number of the area, where the estate is situated. This draft is issued on the grounds of the Cadastre of the real estates.

Procedure 2*.
Obtain a tax valuation of the property

Time to complete: 14 days
Cost to complete: No cost
Comment:
The tax valuation of the property is issued by the respective tax authorities.
A tax valuation is mandatory for every property transfer

Procedure 3*.
Issuance of certificate of good standing for seller and buyer

Time to complete: 3-4 days
Cost to complete: BGN 5 each
Comment:
A certificate of good standing must be issued for seller and buyer.
Companies in Bulgaria are registered with the respective regional court depending on the address of the company. This certificate is issued by the registration court.
The certificate is needed to show that the company is registered and existing, and that the person who signs on behalf of the company is actually the authorized person to sign.

Procedure 4*.
Obtain a Non-Encumbrance certificate from the Real Estate Register

Time to complete: 5 days
Cost to complete: BGN 5.90
Comment:
 
Procedure 5*.
Obtain a certificate of paid taxes

Time to complete: 7 days
Cost to complete: No cost
Comment:
The certificate of paid taxes is obtained from the local tax department for both the buyer and the seller, according to art. 36 par.7 from Tax Procedure Code

Procedure 6*.
Obtain a Social Insurance Certificate

Time to complete: 7 days
Cost to complete: No cost
Comment:
A social insurance certificate is obtained from the local branch of the National social Insurance Institute for both the buyer and the seller

Procedure 7.
The notary executes the transfer deed

Time to complete: 1 day
Cost to complete: 2% of property price (state fee) + 0.1% of property price (Registration fee) + notary's fees according to the following scale and with a maximum of BGN 3,000: Value of Property Fees Up to 100 BGN 15 From BGN 100 to 1,000 BGN 15 + 1.5% of excess over BGN 100 From BGN 1,000 to 10,000 BGN 28.5 + 1% of excess over BGN 1,000 From BGN 10,000 to 50,000 BGN 118.5 + 0.5% of excess over BGN 10,000 From BGN 50,000 to 100,000 BGN 318.5 + 0.2% of excess over BGN 50,000 Above BGN 100,000 BGN 418 + 0.1% of excess over BGN 100,000
Comment:
The notary executes the transfer deed and collects the money for payment of the state fee (transfer tax) and the registration fee.
The State Fee amounts to 2% of the property price.
The registration fee amounts to 0.1% of the property price.
Usually the notary pays the state and registration fees. This is done for the clients' convenience. The parties can pay themselves the fees at the account of the tax authority where the estate is situated and bring the receipts to the notary.

Procedure 8.
Registration of the notarized deed at the Registry

Time to complete: 1-3 days
Cost to complete: Already paid in Procedure 4
Comment:
The notary will register the notarized deed at the registration office with the respective district court.
This can be done by the parties too, but it is most common that the notary will do it (and it is included in the above fees).
The notary will pay registration and state fees collected previously. Registration usually takes 1 day. However, it can take up to 3 days if there are too many deeds to be registered.

Procedure 9.
Parties receive a copy of the registered deed

Time to complete: 1 day
Cost to complete: No cost
Comment:
Parties will receive a copy of the registered deed the same or next day the deed has been registered by the notary

Note: Procedures sometimes take place simultaneously. Instances of this are marked with an asterisk (*).