Looking for a business partner for Gurkovo house rental

A Forum aimed at individuals or companies who can give or need advice about doing business in Bulgaria and related information and news.

Moderator: Moderator

User avatar
Athelstan
Not 'so' Newbie!
Not 'so' Newbie!
Posts: 25

Looking for a business partner for Gurkovo house rental

Postby Athelstan » Thu Jul 30, 2009 3:46 pm

A slightly odd one, this, but we have a house in Gurkovo, nr Balchik, that we've been renovating for about 18 months now.

The work is pretty much finished, and the plan is to furnish it and then rent it out - in particular to golfers attracted by BlackSeaRama etc just up the road. Longer-term (or shorter if the right offer comes along!) we'll be looking to sell the property for around 40,000 Euros

However, with various things in the UK, we've run out of cash to get the property fully furnished and kitted out for the rental market - probably a further £5000 required which we just don't have at present.

Our thought was essentially to sell a share in the house for £5k, for which the investor will receive a percentage of the ongoing rental income, plus a percentage of the sale price. And, of course, a holiday home for their own use!

What do people think of this idea? Obviously, we'll offer it to friends in the UK, but also wondered whether anyone had been through anything similar and perhaps found a partner in Bulgaria? Or of course, if anyone wants to take us up on the offer, we'll be listening!!

Just interested to get the Forum's viewpoint.

User avatar
Enidbee
Not 'so' Newbie!
Not 'so' Newbie!
Posts: 39
Location: Brecon

Postby Enidbee » Thu Jul 30, 2009 3:54 pm

Hi,

Do you have any photos ?

User avatar
brianj42
Mega User!
Mega User!
Posts: 2394
Location: Sat at my bl**dy computer !

Postby brianj42 » Thu Jul 30, 2009 4:02 pm

How many rental bookings do you have at the moment ?

How are you getting your bookings ?

What percentage are you offering ?

Do you have a location map and piccies ?

User avatar
Athelstan
Not 'so' Newbie!
Not 'so' Newbie!
Posts: 25

Business partner Gurkovo rental

Postby Athelstan » Thu Jul 30, 2009 4:38 pm

Pics, maps and eveything else available - pm me if you want me to send anything on.

Spiralbg
Super User!
Super User!
Posts: 485

Postby Spiralbg » Wed Nov 10, 2010 6:50 pm

Hello,

Just out of interest - how did you get on?
Did you ever get the house rented out or sold?


Return to “Business Link”

Who is online

Users browsing this forum: No registered users and 6 guests