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Yalchin Residence in Batumi

Name: Yalchin Residence
Brand: YALCIN GROUP
SKU: 39
Availability: InStock
Rating: 2.50 (2 reviews)

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Reviews about Yalchin Residence

Максим Денисов

Original language: Russian

As for me, I was completely unhappy with this new building. For so many years, they have not established normal control in any way, elevators are constantly failing, there is a sorely lack of parking spaces, audibility from neighbors is simply off scale. And I had to suffer pretty much with the repair, in terms of leveling the walls and insulating the walls.

Tamuna

Original language: Russian

How tired of constantly fighting with the Yalchin management company. After living for a year, there was a serious desire to get rid of this apartment, in which initially everything was not done as stated. Starting with leaking windows and ending with bursting walls, and today there are also constant problems with managers. Entrances are not cleaned on time, some of the elevators are always off, the water supply does not depend on whether you paid on time or not. Any of the neighbors making repairs can safely turn it off for you, and not even inform about it. Parking is a lifelong problem, if you find a place to stick to, then you no longer want to take the car out for at least a couple of days. In the neighborhood, apartments are being rented all the time and screams and screams are heard, which also does not contribute to a quiet life. As a result, the apartment was put up for sale.

Project info

Object ID: 39

Finished at	December 2016
Price, m²	650$ — 1200$
Buy online	Details
Installment plan	—
Bank mortrage
Property type	Apart-hotel
Floors	36
Apartments	700
Distance to sea	400 m.
Condition	Fresh renovation
Construction type	Monolyth
Elevators	8
Security	Intercom CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 8 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

19,500$

Net profit

5,906$

Payback period

2.4 years

Avg property value increase per year

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About the project

“Yalcın star resıdence” in the recreational area of the renovated Batumi, is completing the construction of a 36-storey residential complex. The project is implemented on the principle of "full". The complex includes 700 residential apartments of different sizes with European standards, located on three floors of office and commercial space mixed-use project takes place, the representation of the company “ Yalcin group” in Georgia with many years of experience and expertise in the field of housebuilding. The architectural parameters that were created by combining modern concepts with Georgian construction traditions, the “Yalchın star resıdence” complex gives an opportunity to better represent the landscape and dynamics of the new Batumi.

Developer

“Yalçın grup” contınues ıts work ın the constructıon sector sınce the year of 1983 whıch ıs maın actıvıty fıeld. In addıtıon ıncrease steadı…
Details about YALCIN GROUP