St. Gorgiladze, 114 in Batumi

Name: Sales in St. Gorgiladze, 114 started!
Start: 2020-06-23T08:10:53.140108+00:00
End: 2023-12-31T23:59:59+0000
Location: St. Gorgiladze, 114

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Project info

Object ID: 7809

Finished at	September 2016
Price, m²	From 700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 55.00 m²
Floors	22
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Resale properties in this project	Found 15 object(s)

Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

38,500$

Net profit

7,229$

Payback period

4.1 years

Avg property value increase per year

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About the project

Residential complex on the street Gorgiladze 114 - a ready-to-live-in new building with stylish architecture and equipped with all necessary apartments.

Location

The building is located in the resort area of Batumi opposite the Primorsky Boulevard and 50 meters from the sea. This location guarantees the proximity of a large number of entertainment venues nearby, beautiful views and the ability to be in the center of events.

What's around

In the immediate radius of the new building there is everything that can be useful in everyday life, as well as for comfortable relaxation and entertainment. Literally next door is the Batumi Mall. You can also go shopping from Black Sea Mall, Metro City, located a little further. The nearest educational institution is a private school Euro 2000, the distance to which is no more than 350 meters. A little further Batumi Naval College, Batumi State University, several secondary schools.

There is a park on May 6 within a 10-minute walk, next to which there is a dolphinarium, a zoo and a zoo. Near the house on the embankment a large selection of cafes and restaurants offering dishes of different cuisines, entertainment centers, night clubs.

Transport

LCD on the street 114 Gorgiladze in Batumi is a 15-minute drive from the airport. The distance to the bus station and the maritime station does not exceed 2.5 km. Motorists will be able to quickly leave on Chavchavadze Avenue and Rustaveli Avenue, which will allow you to comfortably move around the city.

Project Features

The building is 22 floors high built according to the original architectural design. Thanks to the light facades and unusual shape, it looks spectacular against the coast. There is a restaurant on the roof of the house with beautiful views of the surroundings and the city center.

Apartments

Available are 2-room apartments of 55 square meters. The premises have undergone a quality repair, there is furniture and appliances necessary for a comfortable stay. The purchase of such real estate is possible both for personal use and for the purpose of investing funds and earning additional profit from renting.

Developer

Batumi House Market Group of Companies is one of the fastest growing construction and production enterprises of Batumi. Along with the const…
Details about Batumi House Market