Rhodus Development in Batumi

Name: Sales in Rhodus Development started!
Start: 2021-05-20T11:36:13.282268+00:00
End: 2023-12-31T23:59:59+0000
Location: Rhodus Development

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Project info

Object ID: 12258

Finished at	December 2025
Price, m²	650$ — 850$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 77.50 m²
Floors	21
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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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

50,050$

Net profit

8,283$

Payback period

4.7 years

Avg property value increase per year

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About the project

Where is the complex located?

The residential complex on Bagrationi 113 in Batumi is located 1.5 kilometers from the sea and at the same distance from the city hall.

The infrastructure is well developed, nearby there are several bus routes that serve the territory of Batumi. Nearby are also the seaport, located at approximately 2.5 kilometers, and the bus station, which is just over two kilometers.

What is around?

Nearby are many cafes, restaurants, shops and beauty salons. The area also hosts a range of medical facilities and a hospital. Furthermore, there is a large shopping center, banking facilities, fitness clubs, and several temperature-controlled swimming pools.

Architecture

The residential complex on Bagrationi is a two-section high-rise apartment building from developerEurolux.

The building is constructed with a monolithic concrete frame, the outer walls are insulated and the insulation is covered with tiles. This not only cuts the construction costs but also helps to reduce utility costs.

In each section of the complex on Bagrationi 113, there are two entrances with 2 silent fast elevators are installed.