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Sea Level in Batumi

Name: Sea Level
Brand: Sea Level Group
SKU: 395
Availability: InStock

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Project info

Object ID: 395

Finished at	August 2022
Price, m²	From 815$
Housing class	Comfort
Buy online	Details
Installment plan	30% initial payment, interest-free internal installment with period of 2 years
Bank mortgage
Property type	Aparment building
Square	from 54.70 m²
Floors	12
Apartments	77
Distance to sea	30 m.
Building phase	Completed
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	1
Security	—
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Resale properties in this project	Found 2 object(s)

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

44,010$

Net profit

7,229$

Payback period

4.6 years

Avg property value increase per year

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About the project

The construction company Sea Level Group offers a new 12-storey residential complex in Makhinjauri - the resort area of Batumi. This complex is located on the first line of the coast and has a perfect view of the sea and mountains. The company offers one -, two- and three-bedroom apartments with an area of 45 square meters, as well as office and commercial premises.

The initial price per square meter is $ 550.

The complex will have a well-equipped courtyard, a parking lot and a children's playground. Two entrances to the building (two stairs), one cargo and one passenger lift.

The completion date is September 2020.

Developer

A construction company "Sea Level Group" offers a new, 12-storey residential complex in Makhinjauri - resort zone. Located at the beginning …
Details about Sea Level Group