House on Tchaikovsky St. in Batumi

Name: House on Tchaikovsky St.
Brand: Patriot Building
SKU: 772
Availability: InStock

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Project info

Object ID: 772

Finished at	August 2021
Price, m²	From 350$
Buy online	Details
Installment plan	internal interest-free instalments with period of 36 months, 30% initial payment
Bank mortgage
Property type	Aparment building
Square	from 31.00 m²
Floors	12
Distance to sea	1500 m.
Building phase	30% finished
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	2
Security	Intercom
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten
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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

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

10,850$

Net profit

5,883$

Payback period

1.3 years

Avg property value increase per year

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About the project

In the center of Batumi, on Tchaikovsky street, a residential building with an improved layout is being built using the highest quality materials.

The first level of the twelve-storey new building will be for commercial premises with an area of 670 sq. m.

There is open parking in the courtyard of the residential building. The terrace on the top floor offers spectacular panoramic views of the sea coast and mountains.

At the stage of unfinished construction, the condition at the time of sale of the apartment is a black frame. The developer will install plastic windows and doors, a metal door at the entrance to the housing. Water, natural gas, electricity, telephone line and cable TV will bring you to the apartment. Interested buyers are offered real estate with free layouts – the area of such apartments is in the range from 31.9 to 80.35 sq. m.

A modern residential building is located in a developed area of Batumi. Nearby, in addition to educational and children's educational institutions, convenience stores, pharmacies and clinics. At a distance of only about 1500 meters there is a sea shore and a beach.