Auction sale of land for building in Balchik, district Balchik

Public sale of real estate is announced in Balchik, "Izgrev" newspaper, 11th Street, belonging to H.I.K. (in liquidation). The property is a land estate with an area of 541 sq.m., with identifier 53120.504.45, designed for residential purposes located 800 m. from the Black Sea coast and 500 m. from the remote coastal road Varna-Albena-Balchik. The property is not fenced, it is not equipped with electricity and water, communications are located in a neighboring built property. The area has residential buildings for permanent and seasonal living. The initial price of the property is 33 200 BGN, which is 80% of the market value. There are included weights on the property: prohibited under He 177 and He 296 of Sv Balchik. The sale will be held in Balchik District Court and participants should submit a 10% target of the starting price. A review of the property is possible as agreed during the sale. The bid will take place on 15.12.2023 at Balchik District Court and participants have to offer a price in a sealed envelope. There are requirements for submission of declarations in transfers over 30 000 BGN under the Law on Measures against Money Laundering.

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