Colorit Palace in Batumi

Name: Colorit Palace
Brand: Green Time
SKU: 20220
Availability: InStock

Sales from the developer completed

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Project info

Object ID: 20220

Finished at	August 2022
Price, m²	From 1100$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 36.00 m²
Floors	7
Apartments	35
Condition	Turnkey
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	1
Security	—
Conveniences	Parking Underground parking Commercial area 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 2 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

39,600$

Net profit

5,883$

Payback period

4.9 years

Avg property value increase per year

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About the project

Developer

Construction and development company „Green Time“ has appeared on the Georgian market since 2011 and at the initial stage has earned the tru…
Details about Green Time