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Demax Vake in Tbilisi

Name: Sales in Demax Vake started!
Start: 2022-05-09T06:41:04.603053+00:00
End: 2023-12-31T23:59:59+0000
Location: Demax Vake

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Project info

Object ID: 20269

Finished at	December 2022
Price, m²	From 1650$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 54.00 m²
Floors	22
Apartments	180
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Medical University 10 min Delisi 18 min Technical University 19 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

89,100$

Net profit

7,229$

Payback period

9.4 years

Avg property value increase per year

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About the project

The premium residential complex Demax Vake is a distinctive project of “Demax Group” with its location and unique plans. The complex is located in Vake, 250 meters from Chavchavadze Avenue, at 22 Kipshidze Street. 2 hectares of recreation area, well-maintained yard and children / sports fields will make you feel calm even in the middle of the city. Residents of Demax Vake can enjoy panoramic views. The residential complex includes:

* Walking trails

* Cycling trail

The Demax Vake is comfortable for both living and unwinding, as well as for business meetings, for which the large lobby is an ideal place. The residential complex offers a lot of comfort to the resident:

* Ecologically clean and safe environment, in the central part of Tbilisi

* Quiet living space with 24-hour security system

* Concierge service

* Four-storey car park

Location

Demax Vake is located 250 meters from Chavchavadze Avenue, N22 Kipshidze. 2 hectares of recreational zone, which is envisaged in the general development project of Tbilisi, creates a feeling of special coziness. The residential complex has 2 approaches - from the new road / tennis courts and Kipshidze Street (Turkish Embassy).

Developer

Demax Group is a team of professional managers, developers, designers and architects backed by many years of experience in the construction …
Details about Demax Group