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Line House in Tbilisi

Name: Sales in Line House started!
Start: 2021-06-03T08:03:34.991745+00:00
End: 2023-12-31T23:59:59+0000
Location: Line House

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Project info

Object ID: 12437

Finished at	December 2017
Price, m²	From 760$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 216.00 m²
Floors	11
Apartments	37
Building phase	Completed
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Technical University 17 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

164,160$

Net profit

9,376$

Payback period

14.0 years

Avg property value increase per year

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About the project

Where is Line House located?

Residential complex Line House was built at Zhvania street, in an elite area of the capital. This quiet and peaceful place is literally next to the city center. The noise of cars and the chaos existing in large cities will not interfere with the lives of the residents of this complex.

What are the architectural features?

Line House in Tbilisi is a house that meets all modern building standards.

With the glass fencing of the balconies, floor to ceiling windows, and original facade decoration, this 11-story building stands out against the background of the general development in Tbilisi.

The facade of Line House is lined with decorative brick and waterproofing insulation material, which, together with the modern technologies used, minimizes the cost of maintaining the apartments.

What is inside?

The building is equipped with a noiseless elevator from the well-known manufacturer "Otis". At the entrance to the staircase is an intercom installed for additional security.

Under the building, is a two-level parking for 26 cars. The opening and closing of the parking doors are carried out with remote control. Guest parking is also available on-site.

What kind of units are available?

The complex consists of 37 apartments with logical and diverse layouts.

The available units come in the form of, one-, two-, three-, four and six-bedroom apartments. The units are handed over in a state of white frame, which includes:

Plastered walls and internal partitions

Screed floor

Plastic window ceilings and balcony doors

Metal front door

All internal communications, including electricity, water, and sewage, are being installed and connected.

Developer

Real estate development company Simetria is a member of the Capitol Group. Capitol group was founded in 2006 and merged several companies as…
Details about Simetria