Grand Narimanov in Baku

Name: Sales in Grand Narimanov started!
Start: 2019-12-20T12:33:46.022709+00:00
End: 2023-12-31T23:59:59+0000
Location: Grand Narimanov

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Project info

Object ID: 2849

Finished at	December 2020
Price, m²	From 740$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 28.00 m²
Floors	14
Apartments	465
Condition	Black walls
Ceiling height	3.50 m.
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Gənclik 11 min Nəriman Nərimanov 12 min 28-may-subway 15 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

20,720$

Net profit

5,906$

Payback period

2.6 years

Avg property value increase per year

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About the project

LCD “Grand Narimanov” is being built by Lider N and is scheduled for delivery in the second half of 2019.

Location

The new building will appear in the Narimanov district of the city on Abdelazel Demirchizade Street near its intersection with Tabriz Street. This part of the city is known for a large number of state institutions, as well as the proximity of several cultural and entertainment facilities.

What's near

The infrastructure around is diverse and represented by various institutions. Literally a couple of minutes walk from the new building, Ankara Baki comprehensive school, a little further Azerbaijan University of Languages, Azerbaijan State Pedagogical University, Azerbaijan Diplomatic Academy. Also very close is Children's Hospital No. 6. You can make purchases in the supermarket "Rakhat", shopping center Ganjlik Mall.

If we talk about iconic objects near the Grand Nərimanov residential complex, then this is the Heydar Aliyev Cultural Center, stadium named after T. Bakhramova, Trump Tower Business Center, Baku Congress Center. Also, from the new building just 800 meters to the Baku Zoo, 1 km to the Dede Korkut Park. Quite a few more park areas.

Transport

Ganjlik metro station is a 10-minute walk from the Grand Narimanov residential complex. Public transport stops are located on Tabriz Street. At a distance of less than 1 km passes Heydar Aliyev Avenue, which can be quickly accessed by car.

Description of the residential complex

Grand Nərimanov consists of seven sections with a height of 14 floors each. The first floor is planned for commercial premises, a garage will be located on the underground floor. The courtyard formed by the houses will be closed to strangers, equipped with video surveillance and will be protected.

About apartments

The new building offers 1-4-room apartments, the smallest of which has an area of only 27.8 sq.m, and the most spacious one reaches 181 sq.m. Layouts are presented in several versions, repairs are not performed.

Sale of apartments is possible in installments for a period of 12-24 months, subject to payment of a down payment of 40% of the value of the property. Detailed information is presented on the official website of the project.