Development Project "Malo Selo"

For Sale: €999,000 (without VAT "old building")
(= €141 per m2 including the land, well below the cost of construction of the existing concrete structure and internal walls)7.492 m2 building project with 59 apartments on 17.395 m2 land in the village of Malo Selo - surrounded by nature without neighbors!Cadastral Numbers: 46824.33.1, 46824.33.1.1, 46824.33.1.2Location: Village Malo Selo, Municipality Bobov Dol, Region Kustendil

Close to Dubnitsa (11km - 15 minutes) and Sofia (75km - 60 minutes)

Expected apartment price per m2 after development €1200 - €1300
for a total revenue of about €9,000,000 and a profit margin of 20%+Most 1BR/2BR apartment sizes range from 65m2-100m2 net, each with individual storage as well as assigned parking space. Half with balconies or terraces. High ceilings and some premium floorplans with 2-level maisonettes and rooftop penthouse.See article in Kapital.bg about the project.

This property, currently requiring full renovation, boasts a remarkably solid concrete structure and includes all necessary documentation. Think about it like a building structure that is 30% complete, but at a lower price than to build from scratch. Rough estimate to build concrete structure and internal walls is about €1.6m to €2m.
After submitting new plans and adjusting some walls to match new plans, it is very quick to bring to Act 14 status and separate in the cadastre which makes it easy to start sales.Though unused for several years, it offers immense potential with a comprehensive renovation and modernization plan.Key tasks include legal conversion into individual units in the cadaster, as well as the installation of new water and electrical systems.Once completed, this property could become an exceptional location for residential use. Especially for people that work in Sofia but prefer to live in nature - and at significantly lower cost than in Mladost.The possibilities are endless, especially given the property's prime location—nestled in nature yet conveniently close to the amenities of Dupnitsa town and the highway to Sofia.The region is expected to benefit from the green energy transition as well as EU funds to support this transformation of the region and the upgrades to the nearby Bobov Dol power plant

Drone Shots of the Building

Download all
documents and plans PDF

• Architecture Plans

• Cadastre

• Structural Expertise

• Water

• Electric

• Appraisal

Tour of the Building

Invest in the Future of Family Living—Just 60 Minutes from SofiaWe’re presenting a rare opportunity to invest in the redevelopment of a 7103 m² building in a prime natural setting, only one hour from Sofia and minutes from Dupnitsa. With highway access nearby, it’s perfectly positioned for a new residential concept that serves a growing market segment: families who work in the city but want to raise their children in nature.Why This Project Makes Sense* Untapped Demand: More families are leaving dense urban areas in search of healthier, nature-connected lifestyles—without wanting to give up professional opportunities in Sofia. This location offers both.
* Flexible Redevelopment: The existing structure allows for efficient transformation into spacious, family-friendly apartments. Early-stage planning enables optimization for modern needs with shared amenities and outdoor spaces.
* Attractive ROI Potential: Compared to overbuilt urban markets, this project offers significantly lower entry costs with strong long-term appreciation and rental demand. The proximity to Sofia makes it viable for both residential sales and long-term leasing.
* Community-Driven Appeal: Buyers and renters are increasingly drawn to community-oriented developments, especially those offering safety, space, and lifestyle benefits for children—making this a strong differentiation point.
* Park-like surroundings atop a scenic hill, offering stunning panoramic views and bordered by lush forest. Situated on a generous 17,000 m² plot with ample parking, plus space for a BBQ area, playground, and outdoor leisure.

We make this project easier for you to develop:
- 1 year purchase option available for €100,000 to be applied towards future sales price to allow you to promote to buyers and prepare plans.- Local contacts for architect, technical specialists, lawyer and building companies can be provided to help develop the project. We have already started with planing documents that you can use.- Seller financing available (3 years, 10% p.a.) for developers with 25% deposit and secured by mortgage.- rent an existing fully functional building at the beginning of the access road, about 1km away can be rented as temporary accommodation for workers and as an office during the construction phase.
Could also be used for water pump station.
Plenty of storage & parking there.