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Industrial land
Project:
Another idea is the recent boom in Bulgaria – building a Mall. What the experience in Sofia shows is that companies invest in well-situated and strategically positioned plot of land, make the project, and then easily sell with 100% profit.There is one already completed project in Sofia and after its success – 16 new projects in the capital.
Some facts:
- Return on investment: 9-11% per annum
- Costs for construction (in Sofia): about 480 EUR per sq.m.
- Project costs (land, planning): 40 - 50 million EUR
- Price (completed project): 90 - 100 million EUR (Mall of Varna - 180 million EUR!)
- Location is among the most important factors for the success of the Mall – you have it here!
