The Post Office in the very centre of Veliko Tarnovo is set to become a luxury 5-star hotel, it was announced by the Chief Architect of the Municipality Nikolay Malakov. The current owners have already announced their intentions and will start working on the project shortly.
The building that used to be owned by the Bulgarian National Telekom/Vivacom until recently housed the Customer Service Centre of the company. It is built over 5 floors in the shape of the Bulgaria letter П, with a courtyard and garages accessible from the south. Its total built-up area is just over 1380 square meters, according to the local newspaper borbabg.com.
The idea of the new owners is for the ground floor facing the street to host many shops. Some of them have already been realized and operate with a separate entrance for each.
The hall with the telephone booths is to be converted into a posh ice cream parlour. The investments only for the ice cream shop is expected to reach about 100,000 leva. The entire building is owned by a developer who bought it from the state in December, 2009 for 1,6 million euro. Until now he rented it out to its previous owner – Vivacom.
Images: Internet
An article published in yesterday’s issue of Yantra Dnes Newspaper says that the property market in Veliko Tarnovo is starting to feel the pressure of a different crisis – there are no more properties left which can meet clients’ demands. The article also points that people are now oriented towards buying fully-furnished and equipped newly-built apartments. The demand is highest for 1- and 2-bedroom apartments. Clients are willing to give more than 40,000 euro if such an apartment meets their criteria. However these are the properties which are hardest to be found these days. The market is starved for good-quality apartments and they are nowhere in sight. 