16.8.2007

Defense company-owned leisure properties on sale in Sopot

The Bulgarian sell-off regulator said it will put up for sale buildings, a hotel and vacation retreats owned by local defence company VMZ-Sopot. An August 22 auction is scheduled for an unfinished hotel building in Sopot.

Bidding will start at 800 000 leva. The guide price for a VMZ administrative building in Sopot is set 450 000 leva. The property has a footprint of 2250 sq m. The auction is slotted for August 20. A vacation retreat in the village of Rozino is valued at 400 000 leva. The auction will be held on September 3. A second corporate retreat, in the town of Kalofer, is valued at 650 000 leva.

Source: www.propertywisebulgaria.com