Why invest in Bulgaria and why now?

Natural factors

- Rich and varied landscape
- 350 km of high quality beaches on Black Sea
- Several mountain ranges with excellent ski resorts
- Shorts flights from anywhere in Europe
- Culturally sophisticated
- Rich in historic attractions
- Low population densuty
- Superb climate with 300 days of sunshine a year

Economic factors

- Politically and socially stable
- Member of EU, member of NATO
- Sustained economic growth av. 4% pa since 2000
- Growth at 6% for 2005, highest in Eastern Europe
- Low inflation
- Large amaounts of foreign investment
- Tourism increase of 50% from 2000 to 2004
- Property market gains 10.8% for first quarter of 2006
- Predicted property market growth this year of 31%

Why luxury holiday village resort in Irakli?

Location of land

- Secluded private beach
- Reliable warm summer climate
- Easy travel from UK
- Existing local infrastructure
- Local area attraction

Permission to build

- Outline planning permission for low rise
development
- Adjacent sites protected from overdevelopment

Village concept

- Distinctive, contextual and contemporary design
- Economic use of land
- Sense of Community
- Good Security
- Easy Maintenance

Courtyard house concept

- Economic use of space
- Elegant and distinctive design
- Simple materials
- Modular components
- Economic to build

Basic information Irakli: development parameters and site map

Site: 17 500 sq.m.

Outline planning permission on site for holiday resort with the following parameters:
- Maximum height of development 7m + roof
- Maximum footprint of buildings 35% of total site
- total gross area achievable: 16 000 sq.m.

Proposed Irakli village development includes:
- 66 villas, total gross area of 10 500 sq.m.
- Communal buildings
- Sports facilities
- Landscaped courtyards and street
- Carparking

Site map legend:
- Land shown in pink is site
- Land shown in purple is designated for development with similar parameters
- Land shown in white is protected forest land not for development
- Sea shown in intense blue
- River shown in light blue
- Beach (for exclusive use by owners of land in pink and purple) shown in yellow

Basic information: Irakli relevant facts

The site (shown in pink on map ) is located by a secluded semi private bay on the Black Sea Coast The site is one of six pieces of land (shown in purple on map) that share access and privileges for use of the beach and have been recently granted outline planning permission for the development of a series of low level holiday villas and related entertainment, sports and infrastructure facilities.

All six sites have outline planning permission for low level development. Permission for adjaset land or any land within view of six parcels of land will not be granted permission for future development. This is part of the local council’s initiative to create high quality
development that do not suffer from overdevelopment.

The nearest airport is 1 hour away by car in Bourgas, the second largest Bulgarian port on the Black Sea. Bourgas’ international airport has numerous direct flights to the UK and Europe through the year.

The nearest large scale resort, Sunny beach is 20 min away by car. Sunny beach is one of the largest seaside resorts in Bulgaria, it has well developed infrastructure, high rise hotels, large beach shores with facilities, numerous restaurants, cafes, casinos, discos,gardens, water sports, tennis, golf and so forth.

There are two ancient fishing villages nearby, Nessebar and Obsor - two of the oldest settlements in the region - within 20 and 10 min drive by car respectively. The fishing villages have charming cobbled street and old timer house with numerous shops, restaurants and cafes.

There are plans for the building of a large scale golf course on land adjacent to the site. This land, with planning permission, may be purchased as well, if of interest.

You can download a PDF presentation for this project here.