Alu Star in Tbilisi

Name: Sales in Alu Star started!
Start: 2020-01-10T10:33:27.254861+00:00
End: 2023-12-31T23:59:59+0000
Location: Alu Star

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Project info

Object ID: 3512

Finished at	December 2022
Price, m²	From 800$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 40.00 m²
Floors	18
Condition	Without finishing
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
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		193		8078$
Average		52%		37$

Total invested

32,000$

Net profit

5,883$

Payback period

4.0 years

Avg property value increase per year

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About the project

The Alu Star residential complex is a combination of energy efficiency, a successful location and optimal planning solutions for the apartments for sale.

Location

Construction is underway in the Didi digomi district, Tsar Parnavaz St., 34, in Tbilisi. Location away from the center should not be considered a drawback. Here life flows more calmly and measuredly, to a lesser extent, the bustle of the capital is felt.

What's near

The infrastructure in the immediate radius is sufficient for a comfortable life. You can go shopping at the Nikora supermarket, located next to the beer shop and bakery. Of the educational institutions, the International Black Sea University, as well as Grigol Robakidze University, several schools are nearby.

Transport

Only 500 meters separate the new building from the Agmashenebeli Alley, the city’s largest transport highway. It will help to get to the center, go to Balanchini street and the Gldani bridge, which will help get to the other side. The nearest public transport stops are within walking distance on Tavdadebuli Street. It runs route number 84. Buses No. 38, 69, 121 also pass through Agmashenebeli. The nearest metro station is Sarajishvili, a little less than 4 km to it.

Project Features

Alu Star residential complex in Tbilisi consists of two blocks 11 and 18 floors high. Buildings differ in design, but are made in the same style and color scheme. Construction is carried out in two phases.

The area allocated for development is almost 6,000 m2. This means that there is enough space not only directly for the placement of houses, but also on the spacious courtyard. There will be a children's and sports grounds, recreation areas, guest parking. Surveillance cameras are installed around the perimeter, which will provide additional security for your stay.

Apartments

Buyers are offered apartments in Alu Star ranging from 40 to 115 m2. Layouts are thought out so that owners can easily implement the most daring design decisions. Room decoration - white frame. The presence of additional sound insulation of the external and internal walls will give new settlers additional comfort.

Developer

Construction Company “ALU” is one of the leading construction companies in Georgia. It was founded in 2015 and maintains a dignified leaders…
Details about Alu Development