Orbi Palace Bakuriani in Bakuriani

Name: Sales in Orbi Palace Bakuriani started!
Start: 2021-03-02T18:18:36.555068+00:00
End: 2023-12-31T23:59:59+0000
Location: Orbi Palace Bakuriani

Sales from the developer completed

Property for sale here (7)

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Project info

Object ID: 11340

Finished at	September 2014
Price, m²	From 1400$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 25.00 m²
Floors	8
Apartments	400
Building phase	Completed
Condition	Fresh renovation
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Kids playground Near supermarket
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Personal discount certificate 300$
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Resale properties in this project	Found 7 object(s)

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

35,000$

Net profit

5,906$

Payback period

4.3 years

Avg property value increase per year

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About the project

RC "ORBI Palace" in Bakuriani is located on David Agmashenebeli Street in a picturesque corner of the ski resort.

The new building is located twenty-six kilometers from Borjomi, which can be reached by bus or train - a narrow-gauge railway has been laid to the village.

What's nearby

The village has a railway station and a bus station, there is a cinema nearby. There is a school, several shops, cafes and a cultural and entertainment center nearby. Near the new building there is a park area, nearby there is a cable car to "Kokhta".

Main settings

Residential complex "ORBI Palace" is a comfortable four-star hotel-type building. The eight-storey new building has been in operation since 2014 and, according to residents, fully meets expectations.

Residential complex "ORBI Palace" has excellent energy efficiency, providing comfortable conditions and reasonable cost of living. Sunlight through panoramic windows perfectly illuminates all rooms. The building has modern technical equipment, including a reliable emergency source of electricity and water.

Internal infrastructure

The apart-hotel has an excellent infrastructure of its own. The new building has an excellent restaurant, SPA, indoor pool and fitness center. The ORBI Palace residential complex is equipped with an entertainment center, a nightclub and a cafe.

A sports ground has been built on the territory, trees and ornamental plants have been planted. Customer services provide cleaning, security, concierge and maintenance.

About apartments

The developer offers to buy an apartment with a modern layout ranging from 25 to 72 m2. The cost of housing includes panoramic glazing of windows and balcony doors.

Developer

ORBI Group is the largest construction and development holding in Georgia, which was the first in the region to build multi-storey hotel com…
Details about ORBI GROUP