Lake Durankulak

The site comprises 200,000 m² (circa 50 acres) and is located south west of the Bulgarian famous Durankulak Lake. The Durankulak Lake region is circa 100 kilometers from Varna International Airport and 6 kilometers from the Bulgaria Romanian border and 60 kilometers from Constansa Airport, the Romanian Black Sea capital. The contour of the land is predominately flat with a gradual slope towards the lake and sea shore. The site has exceptional views of the neighbouring lake and the Black Sea with proximity to the longest sand beach on the Black Sea within 500 meters. The Durankuak Lake Region is famous as a Bulgarian nature reserve. In general the site is very suitable for residential and leisure development. LANSDOWNE has acquired the site as part of its Structured Land Investment Syndicates and proposes to develop the site to the detailed planning stage of development.

Key Features

• A Collateralized Structured Land Investment of 300,000 m2 (75 acres) of Land in the Municipality of Shabla, the Black Sea Bulgaria.
• Land is being purchased at it's current use value of €10 per m² or €3million
• Projected sales value of €120 per m² or circa €36million on the granting of PUP (outline planning permission)
• Projected Gross Return of up to 2.91 (291%) times the Investment
• Preferential Irish Income Tax Rate of 23%
• Investment period of up to 36 months