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Harmony Residence in Batumi

Name: Sales in Harmony Residence started!
Start: 2021-08-27T10:32:59.975260+00:00
End: 2023-12-31T23:59:59+0000
Location: Harmony Residence

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Project info

Object ID: 13992

Finished at	June 2022
Price, m²	From 700$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 32.00 m²
Floors	33
Apartments	208
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground Near supermarket Near hospital
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 3 object(s)

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

22,400$

Net profit

5,883$

Payback period

2.8 years

Avg property value increase per year

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Promos and discounts for Harmony Residence

About the project

Residential complex Continental Residence will soon be one of the most comfortable places in Batumi for both long-term residents and tourists.

Where is Continental Residence situated?

The new building will appear in the area of the New Boulevard, on Khimshiashvili Street, house 69 in Batumi. Residents can enjoy stunning views of the coast and the sea, as well as the nearby park area.

What is around?

Many hotels and apartment complexes are concentrated in this part of Batumi. However, the infrastructure is thought out in such a way that it is comfortable for both tourists and those who are permanent residents of the city. Nearby there are grocery stores, the Yalcin Market supermarket, and shopping center Metro City. Also within walking distance are hospitals for both children and adults, there is a school, and a wide range of cafes and restaurants.

How to get around?

There is a bus stop within a short walk from Continental Residence, where buses number 10 and 10A pass. With the buses you can reach the most popular places in the city such as the airport (located 2.5 km away), the city center, the Batumi Sea Port, the railway station, the village Makhinjauri, and the Botanical Garden.

What is the architectural style?

Continental Residence in Batumi is a contemporary mixed-use building with 33 floors. The frame of the building is monolithic while the decoration of the facades is dominated by glass.

What is inside?

The building has underground parking. On the ground floor, there will be a restaurant, a conference room, a temperature-controlled swimming pool, a luxurious spa, and a state of the art gym. The rooftop terrace will host a lounge zone with sunbeds.