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Ref. number: 0517

Regulated plots of land near Sofia's Ring Road

Investment land for sale in Sofia

Offer type: Business for sale
Location: near
Business category: ,
Price: 1 500 000 €

Business Description:

We would like to bring to your attention a real estate investment with a prime location! It is located in the capital Sofia, in Lozenets district, Simeonovo area and represents a plot of land with a total area of 6,498 sq.m.

The property consists of three regulated plots of land:
- Regulated plot I-1470 (848 sq.m.)
- Regulated plot II-1470 (2,266 sq.m.)
- Regulated plot III-1470, 1575 (994 sq.m.)

The three regulated plots form a separate district № 122 with a total area of 4,108 square meters. Part of the property is a plot of about 200 square meters in district № 123, and the other 2,190 square meters fall into street regulation and are subject to compensation by the Municipality.

For the regulated plots there is a working spatial-development plan that has entered into force, with total built-up area above ground of approximately 16,000 square meters (calculations were made for area Mixed Multifunctional Zone 1 for Regulated plots I and III, as additional 20% building density can be added under the amendment of the Master Plan of Sofia which has come into force) and a minimum of 4,000 square meters on one underground level. There is a visa issued by the Department of Architecture and Urban Spatial Development.

According to the Master Plan of Sofia the plot falls into a zone with mixed multi-purpose use and the building that can be constructed here has the following parameters:

- KINT index - 3.5
- Maximum density of construction - 60%
- Maximum height of construction - without limitation, allowing the construction of a building for different purposes and namely: housing, hotel, shops, restaurants, offices, sports facilities etc.

The property has a prime location – it is close to Simeonovsko Shosse road and Sofia Ring Road. Close to the property you will find office buildings, hotels, shops, residential buildings, gas stations, etc.