TIRANA GARDEN BUILDING in Tirana

Name: Sales in TIRANA GARDEN BUILDING started!
Start: 2022-06-06T07:41:30.757378+00:00
End: 2023-12-31T23:59:59+0000
Location: TIRANA GARDEN BUILDING

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Project info

Object ID: 20436

Finished at	December 2022
Price, m²	From 1500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 75.00 m²
Floors	24
Apartments	239
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

112,500$

Net profit

8,283$

Payback period

10.6 years

Avg property value increase per year

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About the project

Garden building is located in central Tirana, inside the main ring road that loops around the city. The object sits on the street of “Kavajes”, nearby “21 Dhjetori”.

On this project, we have collaborated with the distinguished Italian Architectural studio; Archea Associati. They have successfully bought visions into life and achieved prominent overlooks to the areas where they have operated. The design proposal brings a contemporary look to the urban area, however maintains the nature characteristics that this area already withholds – including a green facade on the object. The precedence behind this concept is Balinese gardens (1 of 7 world wonders). This will bring an enchanted and magical atmosphere where the object where will be constructed and placed.

The formative idea of the object is the construction of two twin towers but consisting of different heights – joined together by two floors of different services such as shops and offices. The whole volume of the object is wrapped with a green grid that unifies the overall image, hides functional changes and facilitates the appearance of the built structure.

Moreover, the green grid improves living standards within the area as it preserves an ecological approach architecturally. Green walls and facades can reduce heat gain in summer by directly shading the building surface. Green roofs reduce heat transfer through the roof and ambient temperatures on the roof surface, improving the performance of heating, ventilation and air conditioning (HVAC) systems. Furthermore, the change of different plants according to each season means that the facade is forever changing and bringing a dynamic and effective experience in the city of Tirana.

The object maintains 2,4,16 and 24 floors. The ground and first floor are for service purposes such as; shops and offices. The rest of the floors are residential. Underground floors will be used to carpark, both public and private.

Developer

Nova Construction was established in 2012. It is one of Albania’s newest but never the less successful and thriving construction firms – mai…
Details about Nova Construction 2012