Subtropic City in Batumi

Name: Sales in Subtropic City started!
Start: 2020-06-23T07:50:46.720148+00:00
End: 2023-12-31T23:59:59+0000
Location: Subtropic City

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Property for sale in Subtropic City — look at the real estate search engine GEOLN.COM. Photo 1

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Reviews about Subtropic City

Lev Egorov

Original language: Russian

A very nice, though expensive house. Good layouts, spacious rooms, halls. The staircase has common balconies for drying clothes, porches are finished with granite, reliable high-speed elevators, a clean courtyard with parking and video surveillance. Across the road is the sea and the Boulevard. We bought an apartment here a few years ago, in the summer we come to have a rest, in the rest of the year we rent it out on a long-term basis. In general, it is suitable for both life and business. The truth is now, right in front of the house, they began to build Alliance City and whether the sea view will remain is not clear. This option is suitable for life.

Project info

Object ID: 7808

Finished at	June 2016
Price, m²	From 2300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 49.00 m²
Floors	19
Distance to sea	100 m.
Building phase	Completed
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Fitness Pool Kids playground Near school Near supermarket
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 11 object(s)

Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

112,700$

Net profit

6,783$

Payback period

12.5 years

Avg property value increase per year

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Promos and discounts for Subtropic City

About the project

Residential complex “Subtropic City” in Batumi is located a hundred meters from the beach at ul. Sheriff Khimshiashvili, 1. This is one of the most prestigious areas of the city.

There is a public transport stop nearby, a convenient exit onto the E70 highway allows you to move around the city and drive along the coast.

Microdistrict infrastructure

In the immediate vicinity of the Subtropic City residential complex there is a fast-food restaurant, and a nautical school, a school, a hospital and a dental clinic are also located nearby. A little further is the university, conservatory, park and dolphinarium.

Features of the new building

The residential complex “Subtropic City” is a respectable nineteen-story building with a monolithic frame made of reinforced concrete. The new building has a unique facade, which was used to create tinted glass.

All ten entrances are faced with natural granite, in each of them the developer installed two silent digital elevators.

Internal infrastructure

The landscaped courtyard is equipped with an open free parking lot, security and video surveillance are organized. On the ground floor of the Subtropic City residential complex there are commercial premises intended for use under the facilities of their own infrastructure. Landscaping works have been completed.

Developer

The construction development company "Gumbati Group" is a stable company, a leader in the construction sector in Georgia.Our history began i…
Details about GUMBATI GROUP