Batumi Tower - Le Meridien in Batumi

Name: Sales in Batumi Tower - Le Meridien started!
Start: 2019-07-08T11:27:41.727556+00:00
End: 2023-12-31T23:59:59+0000
Location: Batumi Tower - Le Meridien

Sales from the developer completed

Property for sale here (1)

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Construction

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Project info

Object ID: 510

Finished at	December 2019
Price, m²	From 1500$
Housing class	Business
Buy online	Details
Installment plan	Interest free installment with company until the end of December 2019, or bank loan for max 5 years.
Bank mortgage
Property type	Apart-hotel
Square	from 67.00 m²
Floors	—
Apartments	33
Building phase	Facade finished
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool Kids playground Near supermarket
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 1 object(s)

Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

100,500$

Net profit

7,813$

Payback period

9.9 years

Avg property value increase per year

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About the project

5-star hotel "LE MERIDIEN Batumi"

Restaurant and lounge with open terrace

Open and closed pools

Spa and fitness center

Casino Empire

Conference halls

Concierge service

24/7 Security Services

Developer

COMPANY: RED-CO was established in 2012 and since then we seek to understand industry dynamics in order to develop unique living and recrea…
Details about REDCO