Attractive Land Plot with Potential for Residential and Tourism Development For sale Veliko Tarnovo

Property description

We offer for sale an attractive land property with a total area of 792 sq. m, located in the sought-after “Varusha – South” district of Veliko Tarnovo.

The property has frontage on two streets and includes two separate regulated land plots sharing a common boundary, providing additional flexibility for future investment development.

One of the main advantages of the property is its location – close to the historic center of Veliko Tarnovo, the iconic Tsarevets Hill, and the Yantra River. The area combines the distinctive atmosphere of the old part of the city with convenient access to the city's main tourist and cultural attractions.

First Land Plot – 396 sq. m
The first regulated land plot has an area of 396 sq. m and includes an existing old two-storey residential building with a built-up area of 87 sq. m.

According to the development plan, the following parameters apply:
• Maximum number of floors – 2;
• Maximum built-up area – 158.39 sq. m;
• Maximum building density – 40%;
• Maximum main building footprint – 110 sq. m;
• Maximum floor area ratio /FAR/ – 0.80;
• Maximum landscaping – 20%.

The existing residential building and the regulated development parameters create an opportunity for future renovation, reconstruction, or development of the property in accordance with the applicable planning and regulatory framework.

Second Land Plot – 396 sq. m
The second regulated land plot is vacant and is currently overgrown with grass and shrubs.

According to the development plan, the parameters are:
• Maximum number of floors – 2;
• Maximum built-up area – 158.28 sq. m;
• Maximum building density – 40%;
• Maximum main building footprint – 110 sq. m;
• Maximum floor area ratio /FAR/ – 0.80;
• Maximum landscaping – 20%.

The combination of the two separate plots with a common boundary allows for different development concepts depending on the future owner's investment intentions.

Investment Potential
The location and characteristics of the property provide very good opportunities for the construction of residential buildings, as well as for the development of projects in the tourism and short-term accommodation sector.

The area is particularly attractive for tourism-related investments due to its proximity to the historical and cultural landmarks of Veliko Tarnovo. The property may be of interest to investors, construction companies, or private buyers looking for a plot with a good urban location and development potential.

The property is located in the “Varusha – South” district, one of the characteristic areas of Veliko Tarnovo, distinguished by its proximity to the Old Town and the city's main tourist attractions.
• Tsar Asen I Square and Tsarevets Hotel – approximately 200 m;
• Yantra River – approximately 70 m.

The proximity to the Yantra River, the historic center, and the area around Tsarevets makes the location particularly attractive both for residential construction and for a tourism project.

A property with an excellent location, frontage on two streets, two separate regulated land plots, and favorable planning parameters – an investment opportunity in one of the most recognizable and tourist-oriented areas of Veliko Tarnovo.

Viewing the property
We can arrange a viewing of the property depending on our schedule and its accessibility. Request a viewing by contacting the responsible agent.

Reservation of the property
The property can be reserved and taken off the market with payment of a deposit, after which viewings with other buyers will cease and the preparation of the documents for a preliminary or final contract will begin. Please contact the responsible agent for details of the purchase procedure and payment arrangements.