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Alliance Palace in Batumi

Name: Alliance Palace
Brand: Alliance Group
SKU: 6
Availability: InStock
Rating: 5.00 (1 reviews)

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Construction

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Reviews about Alliance Palace

Борис В

Original language: Russian

Новомодный жилой комплекс от компании Альянс Групп в Грузии. Комплекс открывает Алею Геров. Прекрасные апартаменты с видом на море. Можно уверенно сказать, что ничто не закроет вид на море и фонтаны в городе Батуми. Реализован в партнерстве с брендом отелей Marriot. Заслуживает титула одной из лучших новостроек Батуми премиум сегмента.

Project info

Object ID: 6

Finished at	December 2018
Price, m²	2400$ — 3450$
Buy online	Details
Installment plan	initial payment 30%
Bank mortgage
Property type	Apart-hotel
Square	from 30.00 m²
Floors	41
Distance to sea	250 m.
Condition	Turnkey
Construction type	Monolyth
Security	Intercom CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area
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Resale properties in this project	Found 50 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

72,000$

Net profit

5,906$

Payback period

8.9 years

Avg property value increase per year

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About the project

Alliance Palace is a building with exclusive architecture in the city center on the Black Sea coast. The building will be located in one of the best places in Batumi near the House of Justice, the Avenue of Heroes, the lake with singing fountains, and the embankment.

Apartments in Alliance Palace can be used both for permanent housing and for earning money. At the request of the owner, the developer company takes over the administration of the living space. That is, the apartment or apartment will be used as a hotel room and rented out, which will bring its owner additional income.

Developer

LTD "Alliance +” was founded in 2005 and the first project it carried out was revolutionary for Georgia at that time: building first modern …
Details about Alliance Group