House on Pkhakadze street in Tbilisi

Name: Sales in House on Pkhakadze street started!
Start: 2020-01-10T08:50:19.200125+00:00
End: 2023-12-31T23:59:59+0000
Location: House on Pkhakadze street

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Project info

Object ID: 3506

Finished at	March 2020
Price, m²	From 730$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 43.00 m²
Floors	4
Apartments	30
Building phase	Facade finished
Condition	Black walls
Construction type	Monolyth
Security	Intercom CCTV Security
Conveniences	Kids playground Near school Near kindergarten Near supermarket Nearby subway stations State University 7 min Vazha-Pshavela 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

31,390$

Net profit

6,783$

Payback period

3.5 years

Avg property value increase per year

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About the project

The residential complex on Phakadze street in Saburtalo is an ideal space for living, combining many advantages. Construction is relatively close to the city center. Thanks to the location features, the apartment windows offer beautiful panoramas of the surrounding area.

In your neighbourhood

In the immediate vicinity of the new building are the multi-specialty clinic Consilium Medulla, the Eastern Orthodox Church, the Zgapari supermarket, the Telco electronics store, and the Pedagogical University of Saint Grigol Peradze.

Transport

The State University metro station is a 10-15-minute walk from the new building. There is also ground public transport nearby, represented by bus routes №21, 24, 54, 92, 150.

Design features

The residential complex on Phakadze street in Tbilisi is a relatively small building with a height of only 4 floors. Also in the house there are 2 underground levels, which will be located a parking lot. You can get to the parking lot using a modern elevator.

The building has a strong reinforced concrete frame, and pumice blocks with excellent energy efficiency and sound insulation are used as the material of the external walls. On the territory of the house there will be a playground, a zone for sports, places for recreation.

Apartments

The house offers for sale different sizes and room options for housing. The apartments have high 3-meter ceilings, large windows, spacious balconies, and in some housing options, even terraces. The premises are implemented in a white frame state. This means that they have a floor screed, walls are prepared for painting or wallpapering, an entrance metal door and plastic windows are installed. The apartments are supplied with gas, electricity, water, sewerage.

Developer

10 years of work experience, guarantee of our reliability and quality of work. The company Vinci Development has been providing valuable co…
Details about Vinci Development