Old spa hotel with casino situated in a resort town in Bulgaria

Description

We offer you a great piece of history located in the center of a quiet spa resort town in the mountains. This property is situated in a small resort 30 km away from the City of Vratsa, Bulgaria and 130 km away from the capital city Sofia. It represents an old spa hotel which was also the first casino ever opened in Bulgaria. The building dates back to the 1920`s when private investors drawn by the mineral springs in the area and the beautiful nature decided to build here a spa hotel and casino. With the time the project evolved so much that the elite of the Third Bulgarian Kingdom including the prince itself and the Royal family were common guests of the hotel. The property has a very rich history and is considered the greatest landmark of the resort town. In the local museum there is a special corner dedicated to the place. Unfortunatelly today the place is in pretty bad condition because for many years (during the communist era) it was poorly maintained and left aside as it was considered as "a symbol of the decay of capitalism and the former monarchy". Today the property is for sale as many locals are looking forward to the place being renovated and opened again thus becoming the glamorous jewel of the town like it was many decades ago. The place needs some substantial investments for this to happen but there are several ways apply and get money from the government and the EU funds for this purpose so the hotel can be renovated and get back to business again. There is a mineral water spring just meters away from the place so it can be resupplied with mineral water. It is situated in the exact center of the town, in a great location with nice views towards both the rest of the town and distant mountains. The whole area around the town is surrounded by nice mountains covered with dense forest. Here one can enjoy perfect peace and quiet along with fresh mountain air and plenty of mineral water. The property also has a 3500 sq.m. plot of land which comes with it. Great opportunity for the start of a successful business.