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White Magnolia in Batumi

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Project info

Object ID: 8006

Finished at	September 2011
Price, m²	From 600$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	14
Distance to sea	25 m.
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 16 object(s)

Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

18,000$

Net profit

5,906$

Payback period

2.2 years

Avg property value increase per year

6%

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About the project

The construction of the “White Magnolia” was completed in 2011, but the city hall has still not accepted the building into operation.

The house is functioning, but not put into operation.

Developer

The company that completed the construction of White Magnolia.
Details about Centre Point

Contacts of White Magnolia sales department

Hotline

+995 (558) 7000 88

Toll-free number (USA):
+1 855 588 8066

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White Magnolia on the map of Batumi

Sherif Khimshiashvili St, Khimshiashvili District

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