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- S o u t h E a s t e r n E u r o p e -- B u l g a r i a -
- S o f i a -
T W O p l o t s o f D e v e l o p m e n t l a n di n a n E m e r g i n g i n d u s t r i a l a r e a
o n t h e e a s t e r n p e r i p h e r y o f S o f i a
S t r a t e g i c L o c a t i o n E m e r g i n g I n d u s t r i a l H u b L o w D e v e l o p m e n t a n d R u n n i n g C o s t s U n i q u e I n t e r s e c t i o n o f 3 P a n - E u r o p e a n t r a n s p o r t c o r r i d o r s S u i t a b l e f o r a B R O A D r a n g e o f e c o - f r i e n d l y I n d u s t r y S e c t o r s
2 . 4 / 1 . 4 h e c t a r e s f o r s a l e / / c o - d e v e l o p m e n t
Up to 15 km to:the ring road of Sofia
several railway stationsthe international airport
the primary Bulgarian highways
international roads E79, E80, E871
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6
2
Location
The plots are strategically located on the main
national road No. 6 (E871) between the two
primary motorways in Bulgaria Trakia (A1)
and Hemus (A2). They are less than 20 km
from the centre of Sofia and benefit from
quick and easy access to the main trade route
passing through the country.
The Area
The proximity to Sofia, the excellent
communication infrastructure and the cheap
production factors have attracted numerous
investors to the area. Thus, in the last few
years several retailers, trading companies and
manufacturers established their built-to-suit
facilities in the area.
Strategic Infrastructure
The intersection of three of the ten pan-
European transport corridors (No 4, 8 & 10) isscheduled to pass in the area with the
planned construction of the speed road RILA.
It is included as a priority project of the
Government for the period 2014-2020 and
EU funding has been assured. The project has
barely started with the exact route uncertain.
Environment
Nearly 1.5 million people live within 30 minute
drive of the plots. In the immediate areaworkers are well qualified and normally are
paid ca. 30-40% less than the average salary
in Sofia-City. As Bulgaria is a member of
WTO, NATO and the EU, local companies
benefit from free access to the Common
market (approx. 500 mln. customers).
Selected distances in kilometers railway station: Stolnik (8), Elin Pelin (12) airport: Sofia (15), Plovdiv (110) port: Thessaloniki (300), Bourgas (365), Varna (435) city: Sofia (17), Skopje (235), Bucharest (385),Belgrade (400), Istanbul (565), Vienna (1040)
Business environment lowest tax burden in the EU sound Government finances emerging industrial RE market lowest labour / running cost in the EU currency pegged to the Euro (1 BGN = 1.95583 EUR)
Elin Pelinusachevo
Ravno Pole
Gara Elin Pelin
Lozen
Lesnovo
Grigorevo
StolnikYana
Gorni Bogrov
Sofia-CityNovi Khan
PetkovoAprilovo
Dolna Malina
Dolni Bogrov
Krivina
KazichaneBusmantsi
Chelopechene
Botunets
1
8
1
871 80
1
1
871
Doganovo
Legend:
national motorway
national main road
international road
airport
railway station recent developments
etc.
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Description
The plots comprise two level regular shaped areas.
Both of these have extensive frontage to
international road E871. There are no easements
on the plots. Plot A is surrounded by national and
municipal roads. Plot B is adjacent to the
UNIVEGs facility on one side and national and
municipal roads to the other three.
According to the master plan of Sofia-City, the
RILA speed road is scheduled to pass between the
plots. However, it is a remote outcome and
alternative routes are also being considered.
Currently, the plots are not serviced. There is
electricity nearby and most developers normally
drill water for industrial use and build their own
drainage systems.
As the plots are located in the municipality of Elin
Pelin, rather than in Sofia-city, qualifying projectscould obtain grant assistance from up to 30% of
the project value under the National Rural
Development Programme.
Zoning
The plots are located in an area which
benefits from a planning consent which
permits a shift in use to mixed industrial
use with plenty of warehousing, light
industry premises and office space.
Recently, the municipality of Elin Pelin
has initiated the development of a master
plan which is expected to limit the
development land in the area.
The assigned 5-th category of the land
ensures quick and easy re-zoning
procedure (ca. 6 mths, EUR 2 per sq. m.).
Early bid investors could negotiate
appropiate zoning with the municipality.
Source:Master plan of SofiaMetropolitan Area (www.sofproect.com)
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All interested parties are invited to submit their offers by 31.12.2011 quoting:- - - t h e p l o t t h e y h a v e i n t e r e s t t o a c q u i r e ( A o r B ) - - -
- - - t h e t o t a l a m o u n t i n E U R a n d - - -- - - t h e o p t i o n c h o s e n ( I o r I I ) - - -
I. Simple sale
The freehold interest in either of the plots is offered for sale for cash. The deal is VAT
exempt, subject to transaction taxes only.
II. Simple sale plus
The freehold interest in either of the plots is offered for sale after re-zoning. The owner
will carry out the re-zoning on clients behalf on a cost plus 50% basis. The price will be
payable in two equal installments: on signing of contract and after re-zoning. No VAT will be
levied on the land but a 20% VAT may apply to all the costs associated with the re-zoning.
III. Profit sharing agreement
The owner is willing to consider partnership agreements with reputable & trustfully parties
able to finance mutually profitable projects. While value will be created almost immediately
via change in zoning and the development of large infrastructure developments, the projectsshould include the design and construction of green manufacturing and logistic facilities and
should result in the development of competitive and profitable business unit.
Initial feasibility studies project an IRR from 10% for a simple warehousing unit to more
than 75% for some re-exporting operations over a period of six years. Custom feasibilities
are available upon request on a fee basis.
The following options are available:
+The plots are suitable for manufacturers,
wholesalers, logistic and trading companies
interested in the BG/EU market.
Established western companies could benefit
from significant cost savings moving to the area.
Real estate investors could exploit
the long-term potential of the property.
The particulars in this brochure have been produced in good faith, are set out as a general guide and do not constitute the whole or
part of any contract. Information is based on sources which we believe are reliable, but no warranty, either express or implied, is
provided in relation to the accuracy or completeness of the information. All liability, in negligence or otherwise, arising from the use
of the particulars is hereby excluded. Interested parties are adviced to consult a property advisor prior to investment.