Old Batumi in Batumi

Name: Sales in Old Batumi started!
Start: 2021-05-20T08:24:06.173533+00:00
End: 2023-12-31T23:59:59+0000
Location: Old Batumi

Sales from the developer completed

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Project info

Object ID: 12252

Finished at	June 2021
Price, m²	From 430$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 56.00 m²
Floors	12
Apartments	80
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Resale properties in this project	Found 1 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

24,080$

Net profit

7,229$

Payback period

2.5 years

Avg property value increase per year

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About the project

Where is the complex located?

The residential complex Old Batumi has an advantageous location on Lermontov Street No. 71/73. From here, it is a little more than 1 km to the seashore as well as to the Batumi City Hall and the historical center of the city.

What's around?

The infrastructure nearby is more focused on permanent residents of Batumi. Nearby are the Republican Hospital, ambulance station, the kindergarten Hakuna Matata, schools No. 4 and XXI century school. The area also hosts the Kirkitadze dental clinic, a large selection of grocery stores, a Spar supermarket, and a household appliance store. A 10-15 minute walk along the coast will get you to 6 May Park, the dolphinarium, a summer cinema, and a large selection of cozy cafes and restaurants.

How to get around?

In 300 meters from the building is Chavchavadze Street, with a stop for bus route No. 16. Using this line you can quickly get to the airport and the villages Gonio, Kvariati, and Sarpi. If you go a little further there are several other routes available. About 2 km separate the new building from the central bus station while the railway station is at a distance of almost 5 km.

What are the project features?

Old Batumi is a mid-rise mixed-use building with 12 floors. The first two floors are reserved for commercial establishments. The building has a modern architectural appearance and is decorated in a restrained color scheme.

The area of the available apartments ranges from 56–83,6 м2. It is possible to make use of an interest-free internal installment plan for up to 24 months.

Developer

Company "Old Batumi" was founded in 2013. We offer our customers apartments near the sea as well as in the completed building. Apart from t…
Details about Building Company Old Batumi