Hotel Olympus Plaza
New attractive offer for real estate applicants with investment potential, already fully developed and thought out to the last detail! For sale is offered a fully finished hotel in the village of Kranevo - new construction in 2020 - just over half a kilometer from the sea, in a quiet, peaceful location. It is a six-storey building with central air-conditioning system and quality external insulation.
The built-up area - 2085 sq.m. - includes 17 fully finished apartments, a restaurant with 60 seats (140 sq.m.), two large spacious terraces, a bar, a children's room. The service premises (kitchen, laundry, etc.) are equipped with modern professional technology.
On the first floor - room manager, relax center, beauty salon, cosmetic room, sauna, fitness, pizzeria, courtyard with barbecue area.
The unique advantages that ensure a perfect vacation regardless of the season include a large, heated, saltwater pool (floors are heated for added comfort).
There are enough attractions near Kranevo - such as Baltata Nature Reserve, Balchik Palace, Cape Kaliakra, Aladzha Monastery and many more.
For more information please contact our managers.
In Bulgaria a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Kranevo; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Bulgaria finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Bulgaria takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Kranevo short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (2 991 870 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Kranevo: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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