A place to see is nearby village of Arbanassi.
The roads around Veliko Turnovo are generally in good condition, making for pleasant if sometimes rather hilly cycling. A number of monasteries are close enough for cycling day trips. The closest and easiest is Preobruzhenie Monastery, approximately 5km north-west of Veliko Turnovo. It is also moderately easy to cycle to Arbanassi, although a few kilometres of climbing and high traffic may put off beginners.
The city of Gabrovo to the south-west, at the foot of the Balkan Mountains, which has historic sites, a humor museum and impressive shopping and dining opportunities, is worth visiting.
Nature Park Bulgarka, just south of Gabrovo, provides many out door activities opportunities for people who enjoy nature and hiking.
The Road Junky Oasis is a creative retreat center for travelers with short courses and workshops going on 40km away in the forest near Elena.