New Bat Group in Batumi

Name: New Bat Group
Brand: Bat towers
SKU: 330
Availability: InStock
Rating: 4.00 (1 reviews)

Sales from the developer completed

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Reviews about New Bat Group

Evgeni

Original language: Russian

I came to Batumi this year. I liked the city and the whole country very much. The prices here are incomparably better than at home. The standard of living, of course, wants to leave the best (especially the service sector). After much deliberation, I decided to buy an apartment in a ready-made residential building. The area is not for tourists, and you cannot call it quiet, the constant movement of cars back and forth. One thing pleases me, I took an apartment with an exit to the courtyard, the street noise is not so audible. The quality of the construction site is certainly lame, but the developers are trying, trying to bring everything to mind.

Project info

Object ID: 330

Finished at	December 2022
Price, m²	480$ — 550$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 27.00 m²
Floors	16
Apartments	320
Distance to sea	600 m.
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Elevators	1
Security	—
Conveniences	Commercial area Kids playground Near school Near supermarket Near hospital
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Resale properties in this project	Found 4 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

12,960$

Net profit

5,906$

Payback period

1.6 years

Avg property value increase per year

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About the project

The house is located in a cozy residential quarter on Pushkin street 162, the front side of the house looks at the mountains and the back at the city. Nearby are shopping facilities. The residential building has 16 floors with an attic.

The construction of the house has been completed, the house has been put into operation, and numerous residents are undergoing repairs.

Developer

The company “Bat towers” was established in 2016. The company is founded by the professional architectsand builders. A score of residential …
Details about Bat towers