Shushi Palace in Yerevan

Name: Shushi Palace
Brand: Lorida Group
SKU: 21648
Availability: InStock

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Project info

Object ID: 21648

Finished at	December 2022
Price, m²	From 1500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 66.00 m²
Floors	16
Apartments	1100
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Underground parking 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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

99,000$

Net profit

7,813$

Payback period

9.8 years

Avg property value increase per year

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About the project

"Shushi Palace" is an apartment complex equipped with modern and latest technologies. The complex consists of eight buildings that have original and unique architectural solutions, and most importantly, they are earthquake-resistant and energy-saving. A free and beautiful view, opening from the spacious windows, also of Mount Ararat, will provide residents with a good start to the day. All apartments have comfortable open balconies for enjoying city and beautiful natural views with a cup of coffee. Located in the northwestern part of our geographical position, which is far from the city noise, it is also very favorable for a relaxing holiday and at the same time for quick movement to any part of the city. A spacious landscaped area of 8000 sq.m, surrounded by eight high-rise buildings, and an equipped playground will make the everyday life of kids safe and meaningful, since the flow of cars to the yard is blocked, with the exception of ambulance services, fire fighting and other services necessary for the population . The yard part is favorable for a healthy lifestyle: modern fitness equipment, a 400 m bicycle and running track around the yard part, a multifunctional football field. Surrounded by ornamental plants and various bushes and flowers, gazebos will provide residents with a cool, evening rest. Alleys and fountains complete the warm and joyful atmosphere of the courtyard. There are all facilities for people with disabilities, maximum convenience and accessibility of all services on preferential terms. The quarter will be provided with round-the-clock security service. When designing all apartments, the maximum provision of lighting and access to sunlight, optimal and efficient use of living space, the presence of open and French balconies in each apartment were taken into account. The apartments are completely sound and heat insulated.