Lux Tower in Batumi

Name: Sales in Lux Tower started!
Start: 2022-05-03T10:27:00.930866+00:00
End: 2023-12-31T23:59:59+0000
Location: Lux Tower

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Project info

Object ID: 20206

Finished at	September 2023
Price, m²	From 700$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.52 m²
Floors	19
Apartments	280
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	3
Security	CCTV Security Reception
Conveniences	Parking Underground 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 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

26,600$

Net profit

5,883$

Payback period

3.3 years

Avg property value increase per year

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About the project

NEW CITY company was founded in 2018, it should be noted the grand start of the company that implemented an amazing project, the residential complex of LUX TOWER, which is distinguished by its individuality and high quality features.,

NEW CITY company has an area of 2600 square meters, where construction began intensively. The project is financed by Georgian investment and is insured by Georgian Bank.

The residential complex LUX TOWER is multifunctional, it includes ground and underground parking places, it is designed for high-ceiling type cars with a ceiling height of 2.60 m.

Our project measure up all standards of construction and modernity using high quality combinations, with a wide range of apartments and the best planning.