st. Gorgiladze, 118-120 in Batumi

Name: Sales in st. Gorgiladze, 118-120 started!
Start: 2020-06-23T09:12:07.624665+00:00
End: 2023-12-31T23:59:59+0000
Location: st. Gorgiladze, 118-120

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Property for sale here (17)

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Project info

Object ID: 7811

Finished at	March 2016
Price, m²	From 600$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 32.00 m²
Floors	25
Distance to sea	200 m.
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 17 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

19,200$

Net profit

5,883$

Payback period

2.4 years

Avg property value increase per year

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About the project

Residential complex on the street Gorgiladze, 118-120 offers modern apartments of various sizes in a finished house.

Location

The building was built just 200 meters from the coast next to Primorsky Boulevard. This location can be called prestigious and comfortable, because the apartments in this location have high liquidity, are in rental demand.

What's around

Literally next door to the new building is the House of Justice. Within a radius of 5-10 minutes walk there are two schools - private and general. You can make purchases in the Batumi Mall and Black Sea Mall.

One of the main advantages of the location is the proximity of a diverse entertainment infrastructure. With children, you can go to the water park, visit the zoo or the dolphinarium. For adults, the choice of entertainment is even greater, because there are cafes and restaurants, night clubs and discos nearby. Another place that can not leave anyone indifferent is the singing fountains on Lake Ardagani.

Transport

Residential complex on Gorgiladze street, 118-120 in Batumi is successfully located relative to the main transport hubs of the city. The airport is no more than 5 km, to the bus station and seaport an average of 2.5 km. Owners of apartments should also not have difficulties with their own cars, because nearby are Chavchavadze Avenue, Rustaveli Avenue, Petra Bagrationi Street.

Project Features

The building is 25 floors high and has a solid monolithic frame. Bright facades are decorated differently on each side of the house. The use of a large amount of glass in the decoration gives the architectural appearance of the new building a stylish and modern look. The space around the house is well-maintained and well-planned for rest and leisure.

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