Development Project "Malo Selo"

For Sale: €599,000 (no VAT charged)
(= €85 per m2 including the land, well below the cost of construction)7.103 m2 building project with 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)

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.
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 various purposes, such as a world-schooling hub, retreat center, research facility, senior living community, or a remote corporate campus.The building has a unique history as a former prophylacticum and features extensive facilities, including a large spa area, a restaurant, event spaces, and numerous other areas that could be converted into residential units or utilized for commercial ventures.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.

Drone Shots of the Building

Download all
documents and plans PDF

• Architecture Plans

• Cadastre

• Structural Expertise

• Water

• Electric

• Appraisal

Tour of the Building

Unique Opportunity to Develop a Community Hub for (Nomadic) FamiliesAre you passionate about creating transformative living experiences? I am too! (who am I?)Here’s your chance to develop a community hub in a prime location just one hour outside of Sofia in an amazing natural setting!Bulgaria has a favorable 10% income tax, some of the lowest living costs in Europe and Sofia is more and more international with good flight connections with Wizz Air and Ryanair to all over Europe.This building is ideally suited for (nomadic) families who value education, community, and adventure. At this stage of the building it is very easy to plan for bigger, family sized, apartments.With my personal focus on building a Nomad Uotpia elsewhere, I cannot develop another project. But I’m excited to share my insights and resources to help you turn this property into a thriving community.My last 8 years in Bulgaria taught me invaluable lessons on revitalizing old buildings and to create community owned spaces.If you like, I will assist you with:
1. Proven Crowdfunding Strategy:
I will provide a detailed overview of how I successfully utilized crowdfunding for the initial apartment sales. This approach not only secured necessary funding but also built a committed community from day one. I will share my knowledge about campaign models, technology, marketing strategies, and ideas to replicate my model at a different location and for a different audience.2. Effective Governance Structure through a Cooperative:
One of the keys to our success was establishing a clear and inclusive governance structure via a coop. I will guide you through setting up a similar system, ensuring that your community is self-sustaining and driven by its members. You’ll learn how to implement community-led decision-making processes that foster engagement and long-term commitment.3. Expert Support and Contacts:
You won’t be starting from scratch. I’ll introduce you to my network of professionals, including architects, technical specialists, legal advisors, construction companies, suppliers and more. Plus, you’ll benefit from my experiences with the various institutions involved, including what worked well and what challenges to anticipate.Why This Building & Location?
This building is perfectly positioned to become a hub for families seeking an alternative, world schooling lifestyle. It offers the space and potential to create communal areas for learning, working, events, shared meals, and activities that bring people together, including a pool and a large plot of land surrounded by fields and forests. A perfect place to raise kids in a rural environment, but also close enough to the town of Dupnitsa and Sofia.With the growing demand for flexible, family-focused communities in cost-effective locations, this project has huge potential to become something special.Don’t miss this rare opportunity to build something truly special. Let’s create a place where families can connect, learn, and thrive together.

Huge Potential for development
Apartments in nearby Dupnitsa sell for about €800 - €1000 per m2 if the building would be developed as residential project. The views and the park like surroundings are pretty unique.
Commercial uses fetch higher prices.It is possible to build/renovate similar type of buildings in the rough construction state for about €400-€600 per m2.So considering the price of the building of €80 per m2 including the land this leaves a healthy profit margin for the developer as well as enough funds to build communal areas for the community.Please note that these are estimates that can and will change based on market conditions and works done. These numbers are not guaranteed and you need to make your own assumptions based on your own research

I make this easier for you:
From my experience there are three things I can do to help you make this a success:
- 1 year purchase option available for €25,000 to be applied towards future sales price to allow you to promote to buyers and prepare plans. Could be extended if you need more time.
- Local contacts for architect, technical specialists, lawyer and building companies can be provided to help develop the project.
- Seller financing available for qualified buyer with 25% deposit and secured by mortgage on the unsold apartments. Mortgaged by block or floor, so that you can already start selling during the renovation phase.