Property description
BULGARIA SOTHEBY’S INTERNATIONAL REALTY is pleased to present a plot of land with investment potential for a residential or holiday development project in Kranevo—an established seaside destination located in the immediate vicinity of the Albena resort.
PROPERTY CHARACTERISTICS
The property spans 4,500 sq.m. and features a regular shape and flat terrain, providing an excellent foundation for planning a low-rise development. Good access to the site is available.
- Area: 4,500 sq.m.
- Terrain: Flat.
- Planned development: Residential*
- FAR (Floor Area Ratio): approx. 1.2*
- Density: up to 60%*
- Height: up to 10 m*
Estimated Total Built-Up Area (GFA): up to approx. 5,000 sq.m.*
Distance to the sea: approximately 800 m (according to the owner)
Development Potential
Existing zoning documentation designates the site for residential development, specifying indicative parameters such as a FAR of approximately 1.2, a density of up to 60%, and a height limit of 10 m.
Based on these figures, the estimated potential Total Built-Up Area (GFA) is around 5,000 sq.m., allowing for the realization of various concepts—ranging from a complex of detached houses and villas to a low-rise residential or holiday project.
The zoning parameters and maximum permissible GFA are based on existing documentation and should be officially confirmed by the competent authorities prior to the commencement of investment design. The scale of the site allows for a development focused on landscaping, recreational areas, and a sense of privacy—features highly valued in modern residential and holiday projects.
A key advantage of the property is its proximity to the Black Sea coast; according to the owner, the site is located approximately 800 meters from the sea. Its closeness to Kranevo and the Albena resort combines the tranquility of a less densely built-up area with convenient access to beaches, resort infrastructure, and amenities.
This offer is suitable for an investor seeking a site with the potential for a standalone project on the Northern Black Sea coast, close to the sea and the Albena resort.
Ref. No. 8151
