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Tbilisi Palace in Tbilisi

Name: Tbilisi Palace
Brand: Real Palace Ltd
SKU: 376
Availability: InStock

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Project info

Object ID: 376

Finished at	December 2019
Price, m²	580$ — 700$
Buy online	Details
Installment plan	Interest-free internal installments with a period of 12 months, 30% down payment
Bank mortgage
Property type	Aparment building
Square	from 45.90 m²
Floors	16
Apartments	160
Building phase	30% finished
Condition	Black walls
Construction type	Monolyth
Elevators	4
Security	—
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Isani 7 min Samasi Aragveli 15 min Samgori 18 min
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Personal discount certificate 300$
Free consultation	Ask a question

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

26,100$

Net profit

6,783$

Payback period

2.9 years

Avg property value increase per year

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About the project

Tbilisi Palace construction company is a subsidiary owned by Real Palace and offers its clients the highest quality residential premises. The main goal of the company is to create better housing conditions, so the construction process is carried out using new technologies and high-quality building materials.

Modern architecture, cozy and comfortable interior layout, excellent views and location - this is the minimum that distinguishes Tbilisi Palace from other companies. The main advantage of the company is the team that works daily to create comfortable conditions for life and business development.

Currently, the construction of the 6th floor is being completed. Completely sold out are the 2nd, 6th and 13th floors. With the addition of floors, the price increases.

Developer

The company «Real Palace» was founded in 2011. In a short period of time the company has got a vast experience in the construction industry.…
Details about Real Palace Ltd