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Hausart Vake Park Plaza in Tbilisi

Name: Sales in Hausart Vake Park Plaza started!
Start: 2021-05-21T08:52:50.505945+00:00
End: 2023-12-31T23:59:59+0000
Location: Hausart Vake Park Plaza

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Project info

Object ID: 12274

Finished at	October 2021
Price, m²	From 2000$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 37.25 m²
Floors	12
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Security	Security
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Delisi 15 min Medical University 17 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

74,000$

Net profit

5,883$

Payback period

9.2 years

Avg property value increase per year

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About the project

Where is the complex located?

Hausart Vake Park Plaza is located on Abashidze street 87 in Tbilisi. The building is an elite residential building. Residents will enjoy its uniqueness, rich infrastructure, and materials from well-known manufacturers. The construction of the house is carried out according to the original architect’s concept, and in accordance with the plan, high-quality environmentally friendly materials are used.

What are the technical features of the complex?

The building on Abashidze Street 87 has its own infrastructure. The house is equipped with an elevator of one of the world's leading brands. The construction work is carried out using decorative materials of world-famous brands while the entrance and facade are decorated with travertine and marble tiles.

Developer

Houseart Lux is a development organization whose main profile is the construction of residential complexes and commercial areas. The compan…
Details about HausArt Lux