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

Mortgages in Bulgaria

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 based on a licensed contract, by the force of which we represent them, which is sign of respect and trust. Our credit specialists offer consulting services to our foreign clients and this service is free and doesn't influence the credit in any way.

Here are the main characteristics of a standard mortgage loan in Bulgaria are, as stated by two of the leading banks in the country - United Bulgarian Band and First Investment Bank.

UBB -United Bulgarian Bank

The client segments are the citizens of the European Union, USA and Canada. The minimum amount of the credit is Eur 7500, the maximum is Eur 250 000 for a period of up to 20 years (the currency is EUR). A person must be at least 23 years old to be considered eligible and the age plus the loan period shouldn't exceed 65 years. For the first year the interest rate is 1.5% or 5.9% for the first 3 years. There is a standard interest rate for the rest of the loan period which is 6.5%. The bank has an application fee of BGN 20 and an administration fee of 0.5%, payable at loan disbursement. The prepayment fee is 5%. The bank also offers property insurance.

First Investment bank
Every able local or foreign citizen is considered an eligible borrower. However, if the acquired property is a plot, a local citizen should acquire a property. There are no limits concerning the maximum loan amount. The maximum term is 240 months with a loan purpose - acquisition of a real estate. Up to 80% of the market value of the mortgaged property can be financed.
There is an option of a period when the borrower pays only interest which may be up to 12, 24 or 36 months. After it equal monthly installments during the loan term are paid. In case of overdue payments the bank charges a penalty interest rate which is the the interest rate agreed plus 20 points. The utilization is according to utilization plan. The application fee is Eur 50 and the management fee is 2%. There is also an early repayment charge from 2% to 5% as well as a commitment fee - 0.5% and a renegotiation fee - 1.5%. You can read more on the fees and charges on their website. The applicant's income should be 1.50 times the monthly installments. The minimum income that should remain per member of the household is 500 Eur for adults and 250 Eur for children.

The bank offers a life insurance option, which is paid by the borrower and property insurance.

Required Documents

Credit history documents (Experian Scorex, Equifax) - for citizens of the United Kingdom

Required documents for the income of the applicant / joint applicant:

For applicants / joint applicants working under labour contracts:

1. Form P-60 (required).

2. Letter from the Employer establishing the net income of the applicant / joint applicant (advisable).

3. Account statement for the last three months evidencing the declared incomes.

4. Other documents required by the Bank.

For applicants / joints applicants who work as freelancers or owners of companies:

1. Letter from an accountant establishing the net income for the last year or an Income Statement.

2. Account statement for bank account evidencing the declared incomes.

3. Other documents required by the Bank.

For applicants / joints applicants who receive rental income:

1. Account statement for the last three months evidencing the declared incomes.

2. Rental contract, if the income is not included in the annual Tax returns.

Applicants who are not citizens of the United Kingdom are expected to provide documents corresponding to those listed for UK citizens.

The term for approving the application is usually up to 2 days.