Posted: Fri 7 July, 2006

A scenic hour’s drive from Bourgas airport in a south-easterly direction along the coveted Black Sea coast of Bulgaria reveals the sleepy rural community of Tzarevo. Avoiding the commercial hustle and bustle of the thriving Sunny Beach resort and sidestepping the overtly well-groomed settlement of Sozopol pays dividends to the culture-seeking traveler or the future-thinking investor.

The small village, formally named Michurin by the Communists in 1948, plays host to Bulgarian families seeking escapism and respite with the family. The pristine magnolia beaches are caressed by transparent waters that make apparent the reason for labeling Bulgaria’s beaches with the internationally commended Blue Flag award. The delightfully paved streets of Tzarevo are free of the customary tourist-related debris, allowing the visitor’s eyes to drift skywards to the quaint assortment of cafes and restaurants instead of attempting to navigate the litter below. 

A short drive away from the main square brings the intrepid investor to the site that will home the first major development in Tzarevo and open the doors to an entourage of investment and augmentation. Costa Del Croco is a generous 62,000m2 site on the cliffs that tenderly peer over the Black Sea. Almost a thousand apartments will come to fruition by May of 2009 and will be sitting astride three private beaches and a horseshoe marina for the yachts that will undoubtedly desire docking at the crocodile’s head. Investors have realised the potential for development within Tzarevo, with its superlative unscathed location in close proximity to Bourgas airport. The possibilities for usage of the compound are endless and guaranteed to magnetize rental income for the investor. The investor can relax and enjoy the liberty of guaranteed rental income of 5% annually for the first two years. The mounting economic value of buying in Tzarevo is an opportunity not to be overlooked.

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